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LILLEY: Electric vehicle sales slump one year after subsidy cut | Toronto Sun

Electric vehicle sales took a sharp tumble in Ontario when the Ford government cancelled subsidies for the high-end cars a year ago.

Fresh off their election win, the PCs said there was no sense in subsidizing vehicles for wealthy people that could afford to spend the extra money for a green car.

It’s a point the premier made in Hamilton after touring the industrial city where steel for many Ontario-made vehicles is made.

“The common folks here in Hamilton have a big problem giving rebates up to $16,000 of their hard-earned money to millionaires buying $80,000 cars, $100,000 cars,” Premier Ford said last August.

It’s a valid point, even if not every electric car is a $100,000 Tesla.

The most popular electric vehicle in the first three months of 2019 was the Tesla Model 3, and those start at $43,000.

Of course they compare to a Toyota Corolla in terms of the kind of sedan you get, and Corollas start at $18,900.

Read complete article here:

LILLEY: Electric vehicle sales slump one year after subsidy cut | Toronto Sun.

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