Comments on: Ontario Announces $10,000 Rebate On Purchase Of Electric Cars http://www.wheredoesallmymoneygo.com/ontario-announces-10000-rebate-on-purchase-of-electric-cars/ A Canadian Personal Finance Blog Tue, 16 Mar 2010 14:05:13 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Big Blog Sale/Purchase And LinkStuff For July 20 « Daily News http://www.wheredoesallmymoneygo.com/ontario-announces-10000-rebate-on-purchase-of-electric-cars/comment-page-1/#comment-16113 Big Blog Sale/Purchase And LinkStuff For July 20 « Daily News Wed, 29 Jul 2009 03:37:24 +0000 http://www.wheredoesallmymoneygo.com/?p=1193#comment-16113 [...] Does All My Money Go discusses the k to 10k rebate on electric cars in Ontario.  This might help demand but those cars aren’t [...] [...] Does All My Money Go discusses the k to 10k rebate on electric cars in Ontario.  This might help demand but those cars aren’t [...]

]]> By: James LaChapelle http://www.wheredoesallmymoneygo.com/ontario-announces-10000-rebate-on-purchase-of-electric-cars/comment-page-1/#comment-15823 James LaChapelle Wed, 22 Jul 2009 18:11:25 +0000 http://www.wheredoesallmymoneygo.com/?p=1193#comment-15823 What about the Triac electric car from Green Motors in California? It is capable of X0 mph and WE0 mile range! The best part is that they are avaliable now for 20,000 cay from Greem What about the Triac electric car from Green Motors in California? It is capable of X0 mph and WE0 mile range! The best part is that they are avaliable now for 20,000

cay from Greem

]]> By: Patrick http://www.wheredoesallmymoneygo.com/ontario-announces-10000-rebate-on-purchase-of-electric-cars/comment-page-1/#comment-15647 Patrick Thu, 16 Jul 2009 21:02:17 +0000 http://www.wheredoesallmymoneygo.com/?p=1193#comment-15647 @Cam Birch: If you plan to drive the car 200,000 km, then every L/100km equates to $2000 (at $1/L). For me, comparing say the Honda Fit (6.5L/100km) against something that uses practically no gas, that amounts to a $13k value. If Preet's numbers are to be believed, the highway-capable Zenn has less than a $13k premium over a new Fit, so it would save money over its lifetime. Of course, you can get a used Fit, and you can't get a used Zenn. Also, the Zenn won't actually use zero gas if you drive it far enough. @Cam Birch: If you plan to drive the car 200,000 km, then every L/100km equates to $2000 (at $1/L). For me, comparing say the Honda Fit (6.5L/100km) against something that uses practically no gas, that amounts to a $13k value. If Preet’s numbers are to be believed, the highway-capable Zenn has less than a $13k premium over a new Fit, so it would save money over its lifetime.

Of course, you can get a used Fit, and you can’t get a used Zenn. Also, the Zenn won’t actually use zero gas if you drive it far enough.

]]> By: Preet http://www.wheredoesallmymoneygo.com/ontario-announces-10000-rebate-on-purchase-of-electric-cars/comment-page-1/#comment-15642 Preet Thu, 16 Jul 2009 19:05:46 +0000 http://www.wheredoesallmymoneygo.com/?p=1193#comment-15642 From a reader (emailed his comment): * Drivers will be able to use HOV lanes even with only one person in the car until 2015 * Drivers may have access to priority parking spots at certain venues (i.e. grocery stores) * Drivers may have access to charging facilities at Government parking lots and GO stations Although I am sure rebates will work to increase sales of electric cars, I believe preferential treatment to drivers of electric cars will provide better incentive. As an example if people get choicer parking spots or able to use HOV lanes. Think about how many electric cars they would sell in Toronto, if people going to work downtown could park their cars downtown only if they were electric. As an example a bank president would unlikely trade his Mercedes for an electric car for a $10,000 rebate. How many would own an electric car if that was the only one they park at their office. Ken From a reader (emailed his comment):

* Drivers will be able to use HOV lanes even with only one person in the car until 2015
* Drivers may have access to priority parking spots at certain venues (i.e. grocery stores)
* Drivers may have access to charging facilities at Government parking lots and GO stations

Although I am sure rebates will work to increase sales of electric cars, I believe preferential treatment to drivers of electric cars will provide better incentive. As an example if people get choicer parking spots or able to use HOV lanes. Think about how many electric cars they would sell in Toronto, if people going to work downtown could park their cars downtown only if they were electric.

As an example a bank president would unlikely trade his Mercedes for an electric car for a $10,000 rebate. How many would own an electric car if that was the only one they park at their office.

Ken

]]> By: Roberto DePaschoal http://www.wheredoesallmymoneygo.com/ontario-announces-10000-rebate-on-purchase-of-electric-cars/comment-page-1/#comment-15637 Roberto DePaschoal Thu, 16 Jul 2009 15:46:38 +0000 http://www.wheredoesallmymoneygo.com/?p=1193#comment-15637 If GM had not killed the EV-1 a few years ago, this little beauty would be now carrying 4 or 5 passenger with a range of over 100 miles and beating all conventional "stinkers" also in price, performance, economy, comfort and fun to drive. Just click here and see for yourself : http://www.youtube.com/watch?v=fLknNrrL6QU You could buy if for $14,999 - Govt. incentives = $4,999 (Good ol'lead acid batteries included) and send all OPEC thugs to file for chapter 11. What are we waiting for? Roberto DePaschoal info@ev-motion.com If GM had not killed the EV-1 a few years ago, this little beauty would be now carrying 4 or 5 passenger with a range of over 100 miles and beating all conventional “stinkers” also in price, performance, economy, comfort and fun to drive.

Just click here and see for yourself
: http://www.youtube.com/watch?v=fLknNrrL6QU

You could buy if for $14,999 – Govt. incentives = $4,999 (Good ol’lead acid batteries included) and send all OPEC thugs to file for chapter 11.

What are we waiting for?

Roberto DePaschoal
info@ev-motion.com

]]> By: Preet http://www.wheredoesallmymoneygo.com/ontario-announces-10000-rebate-on-purchase-of-electric-cars/comment-page-1/#comment-15636 Preet Thu, 16 Jul 2009 14:46:06 +0000 http://www.wheredoesallmymoneygo.com/?p=1193#comment-15636 @Xenko - fixed, thanks for the eagle eyes! @walk - good point. As people jump to electric vehicles I imagine demand for oil will have less pressure and we may find that conventional cars will be competitive for a long time. @Xenko – fixed, thanks for the eagle eyes!

@walk – good point. As people jump to electric vehicles I imagine demand for oil will have less pressure and we may find that conventional cars will be competitive for a long time.

]]> By: walk http://www.wheredoesallmymoneygo.com/ontario-announces-10000-rebate-on-purchase-of-electric-cars/comment-page-1/#comment-15635 walk Thu, 16 Jul 2009 14:33:18 +0000 http://www.wheredoesallmymoneygo.com/?p=1193#comment-15635 The high prices of these electric cars just can't be justified for me personally. I mean for less than $40,000 (+ tax), I can get a brand new MINI Cooper S that is probably far more practical and fun to drive than a MINI E - and it still gets great gas mileage relative to most cars on the road. Or of course just go for the cheaper non-S Cooper which is almost as fun which I already have :) The high prices of these electric cars just can’t be justified for me personally. I mean for less than $40,000 (+ tax), I can get a brand new MINI Cooper S that is probably far more practical and fun to drive than a MINI E – and it still gets great gas mileage relative to most cars on the road. Or of course just go for the cheaper non-S Cooper which is almost as fun which I already have :)

]]> By: Xenko http://www.wheredoesallmymoneygo.com/ontario-announces-10000-rebate-on-purchase-of-electric-cars/comment-page-1/#comment-15633 Xenko Thu, 16 Jul 2009 14:01:37 +0000 http://www.wheredoesallmymoneygo.com/?p=1193#comment-15633 For the Tesla Model S, the actual MSRP is $57,400. The $49,900 figure includes the US federal rebate of $7,500 (you should read the fine print :D). *All prices in USD. For the Tesla Model S, the actual MSRP is $57,400. The $49,900 figure includes the US federal rebate of $7,500 (you should read the fine print :D ).

*All prices in USD.

]]> By: Christopher Hylarides http://www.wheredoesallmymoneygo.com/ontario-announces-10000-rebate-on-purchase-of-electric-cars/comment-page-1/#comment-15632 Christopher Hylarides Thu, 16 Jul 2009 13:59:37 +0000 http://www.wheredoesallmymoneygo.com/?p=1193#comment-15632 The government would do better to make street legal some of the many smaller electric cars, including the Canadian Company ZENN. The government would do better to make street legal some of the many smaller electric cars, including the Canadian Company ZENN.

]]> By: Sean http://www.wheredoesallmymoneygo.com/ontario-announces-10000-rebate-on-purchase-of-electric-cars/comment-page-1/#comment-15631 Sean Thu, 16 Jul 2009 13:50:09 +0000 http://www.wheredoesallmymoneygo.com/?p=1193#comment-15631 I'm more concerned how this will affect the resale prices, as I never plan on purchasing a new car. It's good to promote the adoption of green technology, but I still have the sense that money is better spent spurring R&D of green tech than giving purchase incentives. I’m more concerned how this will affect the resale prices, as I never plan on purchasing a new car.

It’s good to promote the adoption of green technology, but I still have the sense that money is better spent spurring R&D of green tech than giving purchase incentives.

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