ONTARIO E-CAR SUBSIDY CALLED INEFFICIENT

Jun 22, 2017

By Michael Kramer

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Ontario’s electric car subsidy – of up to $14 thousand dollars – isn’t an efficient way to cut greenhouse gas emissions.

That’s the finding of The Montreal Economic Institute – which estimates it’ll cost up to $1.7-billion over the next three years – for Ontario to meet its goal of having five percent of all passenger cars sold in the province – be battery powered – by 20-20.

The institute adds that – a million electric cars in Ontario – would only cut about 2.5 per cent of the province’s annual carbon gas emissions.

The lead author of the report says consumer demand – spurred by a federal carbon tax which will hit 50 -dollars a tonne by 20-22 – is a far more cost-effective way to increase electric vehicle use – than a subsidy.

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