Those who purchase a new hybrid are eligible for a $2000 rebate, while those who purchase SUVs may be subject to a $4000 penalty. The incentives will apply to cars that use less than 6.5 liters of gasoline for every 100 kilometers of combined city and highway driving, and minivans or SUVs under 8.3 liters. It will increase by $500 for each half-liter reduction, to a maximum $2,000...
At the other end of the scale, vehicles that consume more than 13 liters per 100 kilometers will be hit was a penalty of at least $1,000. The payment will rise in $1,000 steps for every liter, until it tops out at $4,000 for cars that gulp more than 16 liters per 100 kilometers. Pickup trucks are exempt from the provisions.
Full story here.
Full story here.
samurai_luu says:
10:00 AM, 03/20/07
Thanks for including us Canadians in your blogs. Though the budget sounds 'green' but the only cars that make the cut are the small hybrid cars, and perhaps the Yaris. Even the Accord Hybrid doesn't make the cut. It will help win the 'green' vote for the Conservatives (similar to the Republicans), and that's primarily the thrust.
I think they will make more money on taxing fuel inefficient SUVs but it does send a positive message to the masses. What would an American think of this?
neely2005 says:
10:36 AM, 03/20/07
Wrong:
"The price tag for a Hummer or a Jeep Grand Cherokee will go up by $4,000, while vehicles like the GMC Yukon, the Toyota Sequoia and Dodge Durango could see a green levy of $2,000 per vehicle. Pickup trucks are exempt.
Vehicles eligible for a $2,000 rebate include the Toyota Prius, Honda Civic Hybrid and the Ford Escape HEV 4x4. There would be $1,000 discounts for the Toyota Corolla, Mini Cooper M6, Jeep Patriot and Chevrolet Impala."
http://money.canoe.ca/News/Other/2007/03/19/3783442-cp.html
samurai_luu : You should do your research before you post false information.
firstwagon says:
10:43 AM, 03/20/07
The trouble with that is even the government site doesn't list a "combined" rating.
http://oee.nrcan.gc.ca/transportation/tools/compare/compare-results.cfm?attr=8
or
http://oee.nrcan.gc.ca/transportation/tools/compare/compare-search-one.cfm?attr=8
A Fit is rated at 7.6 L/100 km city and 5.6 hwy.
Will that meet 6.5 combined? It would be close. I think a $2000 rebate on a $15,000 Fit will do a lot more for the enviroment then the same rebate on a $30,000 Prius. The Fit has only been out for a few months and they already outnumber the Prius on the road.
I don't think it will win much of the green vote. Nobody will believe all this bandwagon jumping by the parties to suddenly claim they care about the enviroment.
firstwagon says:
11:02 AM, 03/20/07
What was the false information he posted?
If the car rebate starts $500 for 6.5 L/100 km and goes up to $2000 for each 1/2 Litre improvement, then there is no way an Impala would get a rebate. (11.5 city/ 7.2 hwy)
I think the Canoes numbers are out.
kpschoedel says:
01:40 PM, 03/20/07
No, the Fit (6.7L/100km combined), Versa, Rio, etc. don't qualify for the rebate at all, even at the lowest ($1000) level. But the Impala (12.3L/100km) and Sebring (13.0L/100km) do, because of the E85 nonsense.
blueguydotcom says:
01:47 PM, 03/20/07
They couldn't do it here because the big 1.75 would complain bitterly that SUVs are their bread and butter.
samurai_luu says:
03:35 PM, 03/20/07
My comments were not directed at what people will 'save' on their next car. My comments are directed towards the article that seems to indicate Canada is promoting a 'green' car purchase attitude.
Cars like the Fit, Versa, Rio, Civic, Miata, Wave, Aveo, and many others will not be included. Hybrids are much more expensive cousins of the petro equivalent. I don't believe that this will change the buying habits of the public.
Again, I'm merely highlighting that this is a Conservative government agenda than a serious approach towards environmental clean up. As much as I like cars, 'green' commuting is best invested in clean proper public transit.
firstwagon says:
07:29 PM, 03/20/07
"But the Impala (12.3L/100km) and Sebring (13.0L/100km) do, because of the E85 nonsense."
Now that's funny. You can get a rebate for an E85 car but you can't buy E85 in Canada last time I checked. (There's supposed to be outlets some places soon but not in BC where I live)
Also the only real value for E85 is reduced energy dependance. Problem with that is Canada isn't energy dependent on foreign countries. We are a net exporter.
Since almost no cars will quailfy for the rebate but lots of will get dinged with the levy, it sounds like a new tax rather then a green policy.
Looks like Dion will be the new PM.
ateixeira says:
08:14 AM, 03/22/07
Just tax the fuel used. Isn't gasoline already expensive enough there?
Imagine the cost of this new tax/credit system itself.
firstwagon says:
08:25 AM, 03/22/07
They already tax the crap out of fuel. That's one of the reasons full size SUV's are not nearly as common here as in the States. The top selling Vehicle in Canada switches back and forth between the Civic and the Mazda3.
I filled up yesterday at $1.139/ litre for regular. Remember a litre is roughly equal to a quart. That make the gas price approx $4.46 gallon CDN or $3.85 US.
We were paying $1.22 / litre last summer and the "experts" expect it to hit $1.30 this summer.
So much for energy independence saving money.