Who benefits the most from electric vehicle subsidies?
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- เผยแพร่เมื่อ 25 ส.ค. 2024
- Canada has been keen to find ways to get people into electric vehicles (EVs) and out of gas-guzzling cars that produce harmful greenhouse gas emissions.
Governments have been using regulations and subsidies with the goal of speeding up the transition to EVs.
Global's David Akin has been investigating the pace of electric vehicle ownership across the country, and he looks at who is benefiting from the incentive programs.
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#GlobalNews #electricvehicle #EVs
People are crazy spending 65k on cars that barely last 10 years.
EXACTLY. People don't want to talk about this fact. The batteries in EVs last 10 years at most, and cost between 10-20k to replace. Imagine paying a premium for a car that becomes a paperweight after only 10 years. Insanity.
Don't forget about towing a trailer/ boat.
@@josephsmith594 where does electricity come from? where does YOUR electricity come from?
Electric cars cost far less to charge and maintain than internal combustion engines coat to fuel and maintain. ICEs with the performance of EVs cost far more than EVs.
@@josephsmith594 coal
Since when was 54k for a car affordable?!?! Its the new average that allot of Canadians cant afford? What happened to the sub 20-30k cars? They are almost non existant now. And forget cheap evs on the used market? Who can afford the 10k to 30k battery a used ev is going to eventually need?
I thought about buying an electric vehicle (EV). However, when I compared an old gas car to an EV, I realized that it would take more than 20 years of driving to start making a profit over the gas car. It's just too expensive
Chevrolet volt gen 2 is ur answer. Replacement battery cost of ~13k but I currently have one with 200k going strong. Bonus if you can get openpilot running on yours. And if you want to camp you can hook it up to electricity so you dont need to turn the gas on for heat or cooling, making it quieter to sleep in and not annoy nearby campers. Car cost me 15k used in ontario for ~ 170k km
i remember cheap new cars like the toyota echo were 15,000$ new
I'm buying a new car this fall or in the new year and it will NOT be an EV
EV era, this is turning out to be a big scam!
Waste of tax dollars.
Price and Charging - two main issues
**Subsidies going towards the rich - why cant they set thresholds for 30k and below vehicles and income limits ?**
It's currently set at $50,000. You can ask your government to change that amount, consult your MP.
I wish my friend, my MP didn't bother to even reply to my email when I needed him to help me
It also helps if you own you're own house with a charger.
Or have an outlet that's usually used for engine block heaters. Those are fairly common in cold areas, and they can double as trickle chargers.
Block heaters run on 110v. Ev needs 220v to be effective for charging. 110v would take 24hrs or more to charge a battery. Don't 4get about the cost to buy and have installed the charging station at your home either, that's over $1000 for sure!
@@TV2NITE3479 Most people don’t need to do a full charge every night, so most people don’t need a 220v charger installed at home. Like me, I just use the same plug that I use for my yard tools or snow blower, and that gets me from 20 to 80% before sunrise.
I'm happy with my Honda Civic
NOT THE PUBLIC
Chinese EVs are not green.
They are built using Uyghur forced labor in coal-fired plants.
And then somebody here commented that in China people are abandoning their EVs and still making profit....how it will save earth from pollution 😂😂😂😂
No EV is green, 30% of all lithium based products are mined by slaves.
Not the Canadian special forces that just arrived in Kiev to mine all the roadways leading out of Belarus and conduct engineering surveys of the Sumy region. I think they have internal combustion engines, Global. I'd say your relevancy is wanting, but the truth is, it's been gone for a while.
Affordable conversions is the untapped market.
This also goes for solar roofs.
I got a 0% 10 year loan to put solar panels on the roof for under $20k. And the government gave me an extra $5k cash reward.
The Greenwashing handouts are simply transferring wealth from lower to upper class.
I could have gotten an extra $3k from my city. But I have a conscious when it comes to taking from local governments.
*conscience
Means-test the subsidy.
How could you sleep at night when children are in the house knowing there is a bomb in the garage???
As my good friend said: When I bought my EV I did not have a clue my life would evolve around charging the battery
This doesn't include the subsidies EV makers get from different governments directly
Here in the US a Model 3 starts at just 39K
Chinese 🇨🇳 electric cars are *heavily subsidized* by many levels of Chinese government. Some people bought them, threw them away without driving, and still made profits.
- That's why there are millions of new cars abandoned by owners across the country.
And this is not an exaggeration.
That is saving environment 😂😂😂
WOW, a subsidy for the first one. Replacing the 28,000.00 or more dollar battery every 4 to 5 years is not a consumer friendly concept.
Electric vechiles are to expensive and dont last half as long as gas or diesels vechiles thats why sales for them suck in the middle class if theres even such thinf as middle class in canada anymore.
The people who buy them.
I think you might want to go out and actually ask Canadians if we're okay with switching to EV's before claiming that we're keen, because the vast majority of Canadians have done their research and we know that 30% of the rare minerals used are the product of slave labor, not to mention that most of us also know cobalt is caustic and causes cancer faster than smoking cigarettes will.
There should be zero subsidies. If you can’t afford the car, then you shouldn’t buy it.
I make $25/hour, and my Bolt euv was $42K out-the-door in early 2023 when the average price of a vehicle in Canada was $66K plus tax; it costs 1/3 to run compared to my '19 Prius, which averaged a calculated 57 us mpg from new. Why aren't people complaining about the $5-billion+ per year that we subsidize the oil cartel?
What subsidy?
@@Niko-iv4ch - The Canadian taxpayer gives $5-billion plus in welfare subsidies to the highly-profitable oil cartel yearly, and that's not including tax incentives, etc. The data isn't hard to find. The US gives $20-billion/year in subsidies to oil.
@@davidrandall2742 Lmao I mean thats nothing. Failed Private healthcare cost taxpayers in Alberta and Ontario countless billions already in the last couple years. National private healthcare would cost 300-400 BILLION MORE PER YEAR AND NOBODY WOULD HAVE HEALTHCARE.
In 100 years CONservative healthcare will have cost TAXPAYERS 650-700+ TRILLION. FREE healthcare would SAVE 325+ TRILLION in the same time. We should prolly talk about Cons giving BIG PHARMA ENOUGH MONEY TO BUY A PLANET.
@@davidrandall2742 What handout?
To paraphrase one Big Oil CEOm, "if there are these so called billion dollar subsidies, please tell me where I can find them."
Rich people and EV companies
Who benefits the most from Oil company subsidies? Canada waists 30 billion keeping oil companies rich.
I thought the BC Greens capped the rebates at $50K? Or was that only for foreign cars?
Government provided generous subsidies especially for Tesla is worth and very much needed as when you switch from Gas vehicles to Electric ⚡️ ones, you need lots of upgrades as you need wall chargers which Tesla doesn’t provide, you need to buy paying 💰extra, once you buy that you need to upgrade your housing electric panels to 200 amp (which cost extra money) and also need installation, inspection and permits from Government (again extra cost), on top of that Tesla doesn’t come with any additional accessories as compared to other Gas vehicles…. So in all this hassle, that maximum $5,000 subsidy doesn’t even count.
No doubt it’s luxury car, but subsidizing would be more beneficial for promotion and more affordable for consumers as adopting brand new technology. ✌️
Banks
We need Chinese EVs here or their pricing to really push the EV initiative. But we never will. Its a scam here
It's like anything else, a product is super expensive when first introduced to market, and eventually prices come down so all demographics can afford them (computers, microwave ovens, big screen TVs, cell phones, etc)
I'm in Halifax, and I see homeless people with cell phones and "please help" signs with QR codes so you can E-transfer money to them.
The batteries catch on fire, they're dangerous
Copper Mine Investors? ;-)
1:21 LOL useless information:
-expensive EVs are excluded from both $5k izev and $4k BC rebates
-high income earners are excluded from the $4k BC rebate
-the second EV in 12months gets no rebate under izev or BC rebate schemes
-high income households are far more likely to have 2 or more EVs
-high income households are far more likely to buy an EV that does not qualify for a rebate
Ev's per 1000 people is likely to have a very low correlation to the amount of actual rebate received per EV purchased.
Let's not forget the people "Who benefits the most from electric vehicle": who didn't breathe in just enough exhaust to die... because air became just a bit cleaner.
Most people can't even afford a Bolt.
It cost as much as an borderline low income earner.
High monthly mortgage or apartment rental plus high cost of living...how will these entice people who earn a little a day to buy EVs?
Thanks for sharing 👍 😊
I prefer my large truck that burns diesel. Electric cars 😂. No ty
Real men want a gasoline powered engine.
LOL - I have had 42 cars since the 70's everything from cheap Japanese & Korean to C63AMGs and Audi SQ7s to Walkinshaw 427's and a 69 Roadrunner Hemi. For just over a year I have had an EV and a modified 300+ hp manual Alfa sitting in my driveway, every morning I had the choice to take either, I eventually had to set a reminder in my diary to turn over the Alfa and move it to avoid flatspotting the tires. Never want to own archaic tech like ICE again.
Another huge factor: you have to own a home to plug in an EV
Yeah cause they suck and any one I know would never buy one.
@WoLFSkYBLuE69 Sorry.... EVs are great. It is much cheaper to drive an EV, in fact in some provinces recharging at home is super cheap, like $40 a month.
@@tonespeaks Assuming you earn enough to afford one.
@tonespeaks Yeah wait till you need to be tracked for every mile you drive because gas tax pays for road maintenance and they start taxing you for that then you won't be saying how cheap it is.
I can drive 100 kilometers on two dollars of electricity charging at home with my BoltEV. That definitely doesn't suck...
@@WoLFSkYBLuE69That’s not the cars fault. And it’s not a detriment to owning an EV.
of course Gov employees are rich income earner too
Not just price but maintenance is a big issue as well. Not worth for next five year. Ev would be a game change when ev is available at 20k-25k
Oh, I don't know? Who benefits the most from oil subsidies like spending 34 billion dollars on a pipeline?
All of Canada does. But that shouldn’t have been public money. Trudeau scared away all the investment in the energy sector and was forced to buy it. lol.
The construction companies, the labourers that build the pipeline, the unions ...it's a big list, especially if you include the kickbacks to whatever politicians pushed the pipeline through the miles of red tape.
"The wealthier you are the more likely you'll consider an EV" No... the wealthier you are the more you'll even entertain a new car of any kind! Same can be said of gas cars. Global News broadcasting EV hate. Wow...
Electric cars are only for high incomers
The vast majority of sales are low end model Y and model 3 which cost less to run over 10 years than a Toyota Corolla, Rav 4, or Prius. Would you consider new Toyota Corolla buyers "high income"? Well one can argue anyone buying brand new is probably high income too!
@@rickagfoster No, I bought a brand new Corolla 4 years ago for about 29k OTD price. After 10 years of an electric car there is a risk of replacing the battery for over 10k or even what the car was worth brand new. The risk is too high for low incomers. My Corolla is still purring and I spend about $80 on gas per month.
@@almontoya5703 no, only 0.37% of all model Y/3 even 4 years later have every required a battery replacement. Heck even the troublesome 2012 (first year) model S “famous” for battery replacements have 94% of them still on original batteries 14 years later! Do a little research bub… don’t be such a sucker for anti-EV narrative. Facts!!
@@rickagfoster maybe so but it’s not the same with the rest of the electric cars. I really like Tesla, and I looked into it but they said it would be over 40k (including the incentives) at the time so the Corolla was a lot cheaper. Once the prices become affordable I may buy it after another 6 years
@@almontoya5703 we can agree on that, legacy auto are muppets at producing EVs. In fact they engineer them to allow their gas cars to remain competitive. Tesla goes all out. We went from paying $700/mth ($cad) on gas for two cars to $60/mth with two teslas. Tesla app says we save $2500/year per car but our old cars were both v8’s hence the discrepancy. Nevertheless that $11k cost difference will not last long, and all the while you could have been enjoying laser like drivability of a model 3 standard range and fewer maintenance tasks. I drove a model 3 std range as loaner, they drive like a 5.0 Mustang without the noise. An absolute scalpel through traffic. Amazing car.
Instead of a subsidy zero interest rates car loan would be way effective!!!!
The battery manufacturers, $35,000 for a replacement Battery Bank. A dangerous bomb
Government shouldn't be subsidizing personal transport
Keep fighting the EVs all it does is keep the charging cost lower so thank you
The "early adopters" would buy without subsidies anyways and the rest of us won't buy them at all.
You are 100% correct.
Early adopters are willing to pay a premium for the product. For example the cyber truck is charging an extra $20k for fist 10 thousand plus buyers.
Yeah and the worst thing anyone can do is buy a used EV cause by then the batteries are worth more than the car is worth.
I bought in 2017 and didn't have to pay a premium. If anything I got a discount. Great little car to get around town, and less than $20/mo in hydro.
@@WoLFSkYBLuE69the batteries are a mess of a lack of them not yet being multi platform adaptive. The batteries could be like the tv remote, but only if you mock billionaires with love over gold.
Why are we not pushing hydrogen so much better than electric
Is it?
You haven't researched it enough to make that comment.
@@mrprutten yeah being a second generation mechanic and a licensed computer technician limits my ability to research and think
Go Oilers, bring the cup home boys
We still buy gas car we don't need electric car
Finally, good question. Now try the truth and public trial.
Should give subsidy for electric bikes, etc.
@@dembipor Yes I agree with you. My comment was made haphazardly in reaction to only electric cars being subsidized but no taxpayer funded subsidies is best policy.
Well, the air doesn't know the difference between the British Properties and the DTES. It's still making the air cleaner for everybody to breathe.
It’s time to vote the liberals out.
Wealth transfer poor to rich LOL
Nancy, Joe, Chuck, Kamala, Jerry, AOC, Adam, and the rest of our upstanding leaders in Washington DC!!!!!!!!!!!
Tesla is a status car. Many people would have bought it without the subsidy.
Not any more.
The planet, and all it’s inhabitants. We only have one planet and we only live just once.
Wrong, it only benefits the rich.
Got 4 billion years of preindustrial climate change as proof.
China has the Very BEST EVs & Cheapest , US can Only Compete via Tariffs !
Thanks for letting us know what we know already - we need cheaper, family oriented and compact model EVs, Mullen Automotive has the answer today, and it can be purchased through Marion, if you're in The States. Canada could really use our own EV manufacturer to produce cheap, dependable EVs for the masses. Also, those subsidies are a fraction of what goes to oil and gas companies that are already profitable while they bilk us for every nickel and dime as their product remains abundant, supply and demand be damned!
Or just get a cheaper, longer lasting, gas powered vehicle that is less harmful to the environment and doesn’t require subsidies.
@@BlueTeamRedTeam There are plenty of gas powered vehicles that are more expensive than an EV and provide less value. The average lifespan of an EV is the same or longer than an ICE. The average ICE goes through 30,000 gallons of fuel in it's life - which do you suppose is worse for the environment, that, or mining 30kgs of rare minerals? Hint: EVs are much less disruptive to the environment, both in the materials they are crafted with and in operation. The subsidies need to be taken away from oil and gas and all put on EVs and EV manufacturing so we can get rid of the pollution.
@@Merakis100 EVs do not last longer than ICE vehicles. Of course many ice vehicles are more expensive but many more are not and offer far better value. The average EV battery weighs 1 ton. Using lithium Nickel and cobalt that require heavy industry. They weigh far more and tear up their tires and roads at an accelerated rate. They require electricity to charge and the vast majority of that energy comes from natural gas and coal. They are largely made from plastics that require the use of petrochemicals. Their carbon footprint to manufacture is more than double that of an ICE vehicles. Almost 4 tonnes of CO2 are released during the production process of a single electric car and, in order to break even, the vehicle must be used for at least 8 years to offset the initial emissions by 0.5 tonnes of prevented emissions annually. That doesn’t include the emission of electrical generat required to charge the vehicle. With all that's required to mine and process minerals - from giant diesel trucks to fossil-fuel-powered refineries - EV battery production has a significant carbon footprint. As a result, building an electric vehicle does more damage to the climate than building a gas car does. The lithium extraction process uses a lot of water-approximately 500,000 gallons (1,9million liter) per metric ton of lithium. To extract lithium, miners drill a hole in salt flats and pump salty, mineral-rich brine to the surface. If EVs are so great why do they need to pay you to buy one and propose a future ban on ICE vehicles?
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