Plans to expand a proposed U.S tax credit on electric vehicle purchases to cover North American-made cars is a boon for the auto sector, says Ontario's economic development minister, but the province isn't planning any buyer incentives for local drivers.
Vic Fedeli said the Progressive Conservative government plans to focus on increasing local supply, something experts argue is a missed opportunity as crises of climate and affordability converge.
Fedeli said the threat of the tax credit being limited to just the U.S. didn’t get in the way of recent deals related to electric or hybrid car manufacturing, but some meetings with international auto parts makers that began before the pandemic were paused in recent years. Fedeli wouldn't say if there was a point where the government would consider bringing back rebates once significant Canadian supply of EVs is available.
"Right now, we have both an affordability crisis and a climate crisis in the province, and if the Ford government could do more to help Ontarians get their hands on money-saving electric vehicles, that would provide a solution to both." Flavio Volpe, president of the Automotive Parts Manufacturers' Association, said the surprise change to the U.S. bill effectively saved the industry in Ontario, because the majority of Canadian-made cars are sold in the U.S. and automakers are transitioning their operations towards electric vehicles.
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