Electric Vehicles
GM Sees EV Squeeze as Canada Swaps Subsidies for Deadlines
- Incentives to be phased down while demand targets come in
- Timing will have an impact, GM Canada President said
Chevrolet Bolt electric vehicles
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
General Motors Co. said governments in Canada are pulling back on subsidies for electric cars at an awkward time — just as they want carmakers to ramp up sales of cleaner vehicles.
At the moment, some consumers can get as much as C$12,000 ($8,673) off the price of an electric car. Federal rebates deduct as much as C$5,000, while the province of Quebec chips in as much as C$7,000 and British Columbia offers a maximum of C$4,000.