Vehicles

Canada Announces $5000 Incentive for Electric Cars. Just Not Tesla’s

electric-car

Tesla might have just unveiled the Model Y, the first Tesla sedan, but buyers won’t be getting any significant government-backed discounts. At least not in Canada!

Canada announced a $5,000 CAD incentive, country-wide, for buyers or electric cars under $45,000 CAD.

That price limit excludes any model of Tesla, since they start at $47,000 CAD, even with the announced discounts.

“To encourage more Canadians to buy zero-emission vehicles, Budget 2019 proposes to provide $300 million over three years, starting in 2019–20, to Transport Canada to introduce a new federal purchase incentive of up to $5,000 for electric battery or hydrogen fuel cell vehicles with a manufacturer’s suggested retail price of less than $45,000. Program details to follow,” say the Canadian authorities.

Electric vehicles like the Nissan Leaf or the Chevrolet Bolt EV are all under that price point, so they will be included in the program. If the electric three-wheeler Solo, made by a Canadian company, will qualify in this program, buyers will essentially get a 30% percent discount.

The Solo’s full price is just $15,500 and, for that it offers a surprising amount of benefits to drivers. Capable of going from 0 to 60 mph in 8 seconds, it has a 82 mph top speed and can go for a hundred miles on a single charge. Talk about commuter friendly!

It will be interesting to see how Tesla tries to adapt to Canada’s program and the competition from the Solo EV.

Also read: ✍Tesla Decides to Save Some Stores, Chooses Smaller Price Cuts✍

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