Thinking of Buying an Electric Vehicle?

Rising gas prices, the B.C. incentive and a new federal incentive are all encouraging public interest and sales of electric vehicles. According to the New Car Dealers association which administers applications for the B.C. incentives, they handed out 9000 applications for electric vehicle incentives between Jan. 1 and July 3 with 5,500 submitted in May and June.

Rising gas prices has been the primary factor driving interest. In April and May, gas prices peaked at $1.62 per liter and despite the recent gas war in Greater Victoria, prices are likely rising again soon. In May, the Federal government announced it would offer rebates of up to $5,000 toward the purchase of a new electric vehicle. Today, combined federal and B.C. incentives can knock $8,000 off the price of an electric vehicle.

Roughly 25 per cent of carbon emissions in Canada come from transportation, with personal vehicles accounting for half. The Canadian power grid is over 80 per cent non-polluting and getting cleaner every year. That means when we plug an electric car into that grid, we’re not only saving money, we’re also significantly reducing pollution and our carbon footprint.

Sources:
https://www.timescolonist.com/business/price-war-fuels-wide-range-of-gasoline-prices-in-greater-victoria-1.23875410
https://www.nationalobserver.com/2019/06/17/opinion/canadian-government-making-smart-investments-electric-vehicles