Ontario is taking strong steps towards electrifying the automotive market in our province. The premier announced plans this week to invest $20M in electric vehicle (EV) infrastructure to augment the province's shift to low- and zero-emission vehicles. The premier considers this a vital move to help drive climate change and achieving Ontario's greenhouse gas pollution reduction target of 80 per cent below 1990 levels by 2050. More Electric Vehicle Charging Stations on the Way. The grant program will be available to “...public and private sector partners to create a network of fast-charging electric vehicle stations in cities, along highways and at workplaces, apartments, condominiums and public places across Ontario.” The province has also registered 5400 EVs as of Dec 7th and over 4500 of these vehicles have received rebate incentives of up to $8500 per vehicle for leases and purchases and 1049 received rebate incentives up to $1000 for the installation of EV charging stations. Ontario EV Rebates YTD. The province intends to issue details on the $20M grant program later this month.
This is quite the contrast to at least 10 US states that have adopted an average taxation fee of approximately $103USD per EV. This stance neither promotes nor supports the shift towards EV adoption and the contribution EVs have towards GHG reduction. The state of Georgia charges an EV tax as high as $300 and $200 for commercial and personal EVs, respectively. The Department of Energy (DOE) claims the rational for charging the taxes are to support the maintenance of their highways, which “ … has traditionally been funded from a combination of Federal and state taxes collected at the pump from the sale of motor fuels. Because EVs do not refuel at pumps that collect state and Federal fuel taxes, they do not contribute to the upkeep of the highways. This has caused many states to rethink how funds are collected to support the highway infrastructure." 10 States Now Charging Fees for EV Use.
Ontario has been making good progress of late in contributing to the adoption of technologies that contribute to GHG reduction and renewable energy. This EV adoption effort is a strong example supporting this transformation. Another good example is what we have seen related to recent project announcements for energy storage, wind and solar. We are looking forward to seeing more and being apart of this movement.
- Mike Brady, Cofounder Frederick & Simon Inc.