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.
TORONTO — 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.
"It was just sort of hanging over everybody's head as, 'best we look at that before we make any decisions,' and now that will remove any shadow of doubt," Fedeli said in a recent interview with The Canadian Press."This now opens the door to go after the parts makers." "We want cars made here, so in order to have cars made here, we needed to incentivize the industry and that's where we chose to put our money."
"Premier Ford's EV vision is really missing half the equation," she said in an interview. The Ford government has"done an admirable job" supporting manufacturing, but is falling short when it comes to helping residents buy the cars, she said. It's also good timing to bring in incentives as consumers are frustrated with the price of gas and may be willing to make the switch if the up-front cost of an electric vehicle becomes more affordable, Kyriazis said.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.
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