Author: Linda

Toronto staff report outlines options for electric vehicle transition

Toronto staff report outlines options for electric vehicle transition

Electric vehicle rebate among staff proposals to speed up Toronto’s target to become a carbon neutral city

Toronto staff members are proposing a range of options to create more incentives for electric vehicles to take the place of private motor vehicles, as part of the recently released Torrens Roadmap.

“We’re trying to get there fast,” Coun. Shelley Carroll said.

The staff report is the result of two weeks worth of research on the issue, that included listening and observing city staff, public engagement and outreach, and reviewing information from outside organizations. The report details options for allocating a portion of Toronto’s revenue to the transition, including public and private charging stations; a tax on the purchase of electric vehicles (EVs); and increasing or creating incentives for citizens, businesses and schools to switch to EVs. The options are outlined in three key areas:

Car-sharing: At the moment, electric vehicle incentives are based on a percentage of the vehicle’s registration tax. The staff report proposes an additional financial incentive that would allow a person to access the credit available in EV-specific financial plans for zero emissions vehicles (EVFs) – at a 1 to 1.5 percentage of the vehicle’s registration tax ($2.50 a year). EVF plans are a range of vehicle incentives, including rebate cards and credit cards, and are available through third party organizations.

At the moment, electric vehicle incentives are based on a percentage of the vehicle’s registration tax. The staff report proposed an additional financial incentive that would allow a person to access the credit available in EV-specific financial plans for zero emissions vehicles (EVF) – at a 1 to 1.5 percentage of the vehicle’s registration tax ($2.50 a year). EVF plans are a range of vehicle incentives, including rebate cards and credit cards, and are available through third party organizations. Road pricing: With a vehicle purchased in Ontario, one of the largest costs is the fuel tax. Based on the staff report, the only option for road pricing is increasing public charging fees for EV purchases. “The only road pricing we’ve seen is for cars bought in Ontario,” said city manager Joe Pennachetti. “We�

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