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The incentives include direct subsidies for the acquisition of new electric cars for up to 25% of the purchase price, before tax, to a maximum of €6,000 per vehicle (US$8,600), and 25% of the gross purchase price of other electric vehicles such as buses and vans, with a maximum of €15,000 or €30,000, depending on the range and type of ...
Purchase incentives for new plug-in electric vehicles were established in Ontario, and consisted of a rebate between CA$5,000 (4 kWh battery) to $8,500 (17 kWh or more), depending on battery size, for purchasing or leasing a new PEV after July 1, 2010.
The U.S. Energy Policy Act of 2005 established a federal income tax credit of up to $3,400 for the purchase of new hybrid vehicles, purchased or placed into service after December 31, 2005. [ 4 ] [ 5 ] Vehicles purchased after December 31, 2010 are not eligible for this credit.
The U.S. Energy Policy Act of 2005 established a federal income tax credit of up to $3,400 for the purchase of new hybrid vehicles, purchased or placed into service after December 31, 2005. [1] [2] Vehicles purchased after December 31, 2010 are not eligible for this credit.
The federal taxes go into general coffers and help to fund a range of programs: $2 billion of the approximately $5 billion collected from federal excise taxes goes into the now permanent annual Gas Tax Fund for municipal infrastructure.
A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are federal assistance to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct ...
OMVIC (Ontario Motor Vehicle Industry Council) is a council that regulates motor vehicle sales, administers and enforces the Motor Vehicle Dealers Act on behalf of the Ontario Ministry of Government and Consumer Services (MGCS) in Ontario. OMVIC's mandate is to maintain a fair and informed marketplace, by protecting the rights of consumers ...
The MTO is in charge of various aspects of transportation in Ontario, including the establishment and maintenance of the provincial highway system, the registration of vehicles and licensing of drivers, and the policing of provincial roads, enforced by the Ontario Provincial Police and the ministry's in-house enforcement program (Commercial vehicle enforcement).