British Columbia $5,000 Electric Vehicles Rebate Takes Effect
After years of planning and preparation, incentives for the purchase of plug-in electric cars will go into effect on December 1, 2011. Residents of British Columbia, Canada will receive point of sale incentives of up to $5,000 per eligible "clean energy vehicle." Unlike electric car buyers in the United States, who receive the federal $7,500 incentive in the form of a tax credit, British Columbia residents will immediately receive a discount on the purchase of electrified vehicles.
The list of eligible vehicles approved by BC's Ministry of Environment includes:
Battery Electric Vehicles: $5,000
Plug-In Hybrid Electric Vehicles:
- Battery capacity of 4.0 - 9.9 kWh: $2,500
- Battery capacity of 10.0 - 14.9 kWh: $3,500
- Battery capacity of 15.0 kWh and greater: $5,000
The final price (including all available incentives) will be indicated on the sticker of eligible vehicles on dealer lots, making it easier for consumers to understand the transaction.
Rebates of up to $500 for qualifying electric vehicle charging equipment will also be available on Dec. 1—to BC residents who have purchased a "clean energy vehicle." This will be a mail in rebate and will expire in March 2013 or when funding is depleted.
British Columbia officials and others throughout Canada have for years been working to develop the most effective EV incentive policy. The province of Ontario offers rebates ranging from $5,000 to $8,500 to individuals, businesses and organizations that purchase or lease a new plug-in vehicle. The rebates are available to the first 10,000 qualified applicants. Ontario officials hope to see five percent of the vehicles on its roads electric by 2020.
Officials in BC are apparently more modest in their expectations. As stated on the Live Smart BC website, the incentives through March 31, 2013 "should be available to meet the expected demand, approximately 1,370 vehicle incentives." With incentives in effect, and electric cars hitting the market, the demand will now be tested.
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