Ontario launches plug-in vehicle rebate program, first 10,000 applicants get up to $8,500 back

Ontario has decided to reward early adopters of plug-in hybrids and electric vehicles (EVs) by launching one of the most lucrative rebate programs found anywhere. Beginning July 1st, Ontario will offer rebates ranging from $5,000 to $8,500 to individuals, businesses and organizations that purchase or lease a new plug-in vehicle. The rebates will only be offered to the first 10,000 qualified applicants, but due to the lack of availability of qualified vehicles, hitting the quota might take a while.

Ontario's green initiative includes much more than just rebates. By 2020, the government hopes that one out of every 20 vehicles driven in Ontario will move under electric power. Ontario plans to add public charging facilities and will reward plug-in drivers by handing out green license plates, granting them use of less-congested High Occupancy Vehicle (carpool) lanes. We're a little jealous that Ontario offers up bigger rebates than we get here in the U.S, but we're glad to see that our neighbors to the north are every bit as eager to offer support for plug-ins as we are.

[Source: Ontario Newsroom]

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