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Message: Ontario Government Offers up to $10,000 incentive to purchase electric cars.

Ontario Government Offers up to $10,000 incentive to purchase electric cars.

posted on Jul 15, 2009 08:43AM

The Ontario government will help take the sting out of buying pricey electric cars by offering purchasers incentives of as much as $10,000, Premier Dalton McGuinty is expected to announce today.

The financial incentives, which will be available to buyers beginning next year, are part of the Ontario government's ambitious plan to be in the vanguard of the next generation of the auto industry.

Mr. McGuinty, who is to unveil the government's strategy today at a Toronto Chevrolet dealership, is rolling out the incentives just as the battle heats up among auto makers to offer the first and most advanced hybrid-electric and battery-powered vehicles on the market.

Read the full article here ...

http://www.theglobeandmail.com/report-on-business/ontario-looks-to-jolt-electric-car-market/article1218649/

This isn't specific to Electrovaya, but it is good news for the industry in general.

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