Rebate For Used EVs
Plug’n Drive, an Ontario-based non-profit, announced that it will offer a rebate of $1,099 to Ontario residents on purchase of a qualifying used electric vehicle. Potential drivers have to visit the Electric Vehicle Discovery Center in North York, attend an “EV 101” seminar on the benefits of electric driving, and provide proof of ownership and insurance on an EV to Plug’n Drive within a year.
Used electric vehicles up to $50,000, such as a used Tesla Model S, qualify for the rebate. This initiative could help increase resale values, making EVs a more attractive financial proposition. It could also introduce a new segment of drivers to EVs sooner.