Ontario Premier Dalton McGuinty has just announced that anyone in Ontario who purchases a plug-in hybrid car or battery electric car after July 1st, 2010 will be eligible for a rebate of between $4,000 to $10,000. There is no official list of details that I could find, but gathered the following information from the Government of Ontario’s website and some various articles published earlier today.
- Size of rebate will be related to the capacity of the batteries
- Vehicles must be capable of highway travel (this therefore excludes the ZENN for now)
- Drivers will be able to use HOV lanes even with only one person in the car until 2015
- Drivers may have access to priority parking spots at certain venues (i.e. grocery stores)
- Drivers may have access to charging facilities at Government parking lots and GO stations
What Cars Might Be Available For The Rebate Next Year?
- Chevy Volt – est MSRP $40,000
- Toyota Prius Plug-in Hybrid – est MSRP $47,000
- Mini Electric – est MSRP $50,000
- Mitsubishi i-MiEV – est MSRP $30,000 – $40,000 (?)
- Tesla Roadster – est MSRP $101,500
- Tesla Model S – est MSRP $57,400
- cityZENN – Highway Capable version of ZENN – est MSRP $25,000 – $30,000
So, what do you think? Is this incentive going to work? Or will it just eventually destroy future pent up demand (by getting some people to buy a new car a few years earlier than they had planned)? Will that necessitate future incentives, thereby propagating auto manufacturer inefficiency? Or does it put more expensive hybrids and electrics on a more equal footing with conventional cars until their prices achieve more parity? Comments welcome as always…