REPORT: Ontario to announce incentives for plug-in vehicles, up to $10K

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The premier of the Canadian province of Ontario, Dalton McGuinty, reportedly plans to announce a major incentive program for plug-in vehicles today in Toronto. Ontario has already given several billion dollars to General Motors and Chrysler and wants to help boost the industry further to try and recoup some of its "investment." To that end, McGuinty plans to offer tax incentives of up to $10,000 toward the purchase of plug-in vehicles.

No details are available yet, but the plan would likely be similar to a U.S. program, with graduated incentives of up to $7,500 depending on the capacity of the battery. A wide array of plug-ins are expected to arrive over the next several years, including the Chevrolet Volt, Ford's Transit Connect and Focus based EVs, Toyota's PHEV Prius and Nissan's EV, among others. McGuinty will reportedly also pledge to have at least 20 percent of the province's vehicle fleet be plug-ins by 2020. Thanks to everyone who sent this in!


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[Source: CTV]

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