The new program
- provides up to $1,000 for the purchase and installation of chargers for home and business use
- increases the current incentive range for EVs from $5,000 - $8,500 to $6,000 - $10,000
- provides an opportunity to receive an additional $3,000 incentive for vehicles with larger battery capacities
- provides an additional $1,000 incentive for vehicles with five or more seats
- continues to provide incentives linked to battery capacity of more than 5 kilowatt-hours
- caps incentives for vehicles priced between $75,000 and $150,000 at $3,000
The incentives build on a December 2015 announcement that the province will invest an additional $20 million in creating a network of fast-charging public EV charging stations to support city-to-city and in-city EV travel across the province. Transportation is the single-largest emitting sector in OntarioÂ’s economy. Greenhouse gases from cars account for more emissions than those from industries such as iron, steel, cement and chemicals combined.