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    FRANK LEO & ASSOCIATES

    #1 RE/MAX TEAM IN TORONTO & THE GTA**
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    Federal Government Paid $100 Million in Electric Vehicle Subsidies to Tesla Drivers: Analysis

    In 2019, the Liberal government initiated a subsidy for those buying or leasing new zero-emission vehicles. This included businesses and local governments, as an incentive to reduce transportation pollution. Government agreements show that out of the total $300 million in subsidies issued so far, more than one-third of it has gone to Tesla drivers.

    Transport Canada is trying to include used vehicles in the federal rebate so it is more relevant to low or middle-income consumers. Rather than letting only people who can afford a brand new vehicle take advantage of the subsidies. 

    Specifically, the program offers buyers a straight-up discount of up to $5,000 or $2,500 and sellers can then claim the incentives to be reimbursed. 

    Right after Tesla, Hyundai dealerships experienced the second-highest reimbursement of roughly $50 million and then Chevrolet with almost $40 million. Tesla only has one vehicle that can qualify for rebates and it is the Tesla Model 3, where the other companies have multiple vehicles that qualify.

    For more information about the source click HERE