The new tax credit can stack with a 30 percent tax credit for the equipment costs of EV manufacturers, which was announced last year. The government projects the credit will cost $1 billion CAD by 2035.
A bit of a waste of money.
Why are we flipping the bill for companies who are going to turn a profit making these vehicles?
If we want to make a greater difference on the environment (and society), why not spend that billion on e-bike/micromobility rebates, since they make more of an impact than EVs.
Our return on investment would also be considerably higher with a national e-bike incentive program.
Edit: spelling