Ontario Renames Program and Eliminates Incentives to Switch to Electric Vehicles
Ontario changing its incentive program for purchasing green vehicles. This initiative is part of Ontario's Climate Change Action Plan and is funded by proceeds from the province's carbon market.
Taking effect March 9, 2018, the updated program, renamed as the Electric and Hydrogen Vehicle Incentive Program (EHVIP), will:
• Establish new incentives for the purchase or lease of hydrogen fuel cell vehicles (HFCVs).
• Eliminate incentives for electric vehicles (EVs) with a Manufacturer's Suggested Retail Price (MSRP) of $75,000 or more.
• Establish a new incentive structure for EVs based on the vehicle's range and seating capacity.
• Eliminate incentives for EVs leased with terms of less than 3 years.
• Make it more affordable to install a charging station at home, by expanding the Electric Vehicle Charging Incentive Program (EVCIP) eligibility to all EV owners in the province.
Information on the updated program, including updated incentive amounts, is now available. For EVs ordered prior to today, incentives will continue to be provided under the previous incentive structure as long as the EV is delivered and the application submitted by Sep. 7 2018.
EHVIP will provide incentives of up to $14,000 to support the purchase or lease of eligible electric and hydrogen vehicles.
The Electric Vehicle Charging Incentive Program (EVCIP) provides up to $1,000 toward the purchase and installation of fast-charging equipment for home or business.