The federal government’s successful incentive program for zero-emissions vehicle purchases is running out of money and not slated for renewal, much to the dismay of environmental and industry groups.
Automotive pollution causes thousands of excess deaths every year. It is also linked to a number of negative health outcomes, and has a correlation to autism in children.
Used EV parts have the possibility of really transforming our society — EV batteries that are no longer suitable for transportation can still hold enough charge to power a home for a day or two; couple that with used EV motors which can generate electricity, and each EV that can no longer be driven is effectively a cheap and ready power plant that can power a home or office, or can help provide grid-scale storage on the cheap.
Everyone is going to benefit from a (near) fully EV world.
Yeah, they announced Friday there was almost 72M left in the fund, so apparently they sold 16K cars this weekend and ran it dry. Except with the cancellation today, dealerships are being told that unless the car was delivered before the announcement, those people aren't getting the credit. Since you usually don't drive away in your car on the day you buy it, it sounds like lots of awkward calls are going out today. TC says they will dole out the remainder on a first come first serve basis, so some may get ot and others won't. I wonder what happens to the money for those who still go through with their weekend purchase without the bonus. Huge windfall for the dealers when they get the rebate and don't tell their customers?
Like all of the comments about much smaller emobility support.
A $300/ton carbon tax ($3/gallon gasoline), is the right amount. Cost of air capture of CO2 claims objectives below this. But there are far better options to reduce emissions instead, such as wind and solar. It is also enough to provide a $4000/year rebate to every Canadian just from average vehicle oil use.
The argument for dropping these incentives is that it has run out of budget. Carbon tax and dividend is a zero budget program. It is almost as much as the EV incentive, but you can support local transit/trains more, micromobility, and moving closer to work/travel destinations. Home energy is also a tax/dividend source, and dividend becomes large enough to invest in saving "taxes".
With a $4-5k carbon dividend, you can also replace budgets for welfare/homeless programs to boost dividend/UBI by another $3k and solve homelessness, and work disincentives for those on welfare. Much higher "total" UBI becomes much more affordable, and empowering to people to make incentivized climate decisions, live without crime and divisiveness promoting hate.