The province of Ontario, Canada, has enacted a new policy affording double tax-rebates for hybrid vehicles, effective last Friday. Previously, the rebate was up to $1,000... now it is $2,000 maximum.
The main reason for the increase is the province's desire to maintain its leadership role in the automotive industry in Canada. Hybrids are considered 'leading-edge' technology, and Ontario hopes the new rebate will encourage automakers to continue developing the technology.
A representative of Ford Motor Co. acknowledged the intent: "British Columbia and Prince Edward Island also support the purchase of this leading-edge technology. Ford of Canada is encouraging other provinces and the federal government to follow suit, so that all Canadians will have similar hybrid consumer incentives."
[Source: CANOE]
The main reason for the increase is the province's desire to maintain its leadership role in the automotive industry in Canada. Hybrids are considered 'leading-edge' technology, and Ontario hopes the new rebate will encourage automakers to continue developing the technology.
A representative of Ford Motor Co. acknowledged the intent: "British Columbia and Prince Edward Island also support the purchase of this leading-edge technology. Ford of Canada is encouraging other provinces and the federal government to follow suit, so that all Canadians will have similar hybrid consumer incentives."
[Source: CANOE]
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