Electric Vehicle Incentives Get Huge Boost in Ontario
Ontario has increased its efforts to reduce greenhouse gas emissions by making big changes to the Electric Vehicle Incentive Program (EVIP). This incentive is available to individuals, businesses, municipalities, non-government, and non-profit organizations residing in Ontario. This change helps to support Ontario’s green initiative by making electric vehicles more affordable and incentivizing manufacturers to produce larger batteries and vehicles with more seating capacity.
The update advises that applicants who lease or purchase 3-25 vehicles during one year will be considered fleets. These fleet vehicles must be registered, plated, and insured in Ontario for a minimum of 12 months in order to qualify for the incentives. The owners must also utilize the Data Provision Form in order to provide detail on the vehicle use during the first year of ownership. The parameters are further outlined on the Ministry’s website:
The available incentive differs based on the vehicle, with some electric vehicles receiving up to $14,000 in incentives. The following link will direct you to the Ontario Ministry of Transportation website where in-depth details on the incentives are provided.