'Ontario.ca is now Canada’s California'
% Depending on curency exchange rates when the GM Bolt EV goes on sale, it may end up cheaper for U.S. Amercians to buy it in Canada, or Canadians to buy it in the U.S. % http://insideevs.com/chevrolet-bolt-ev-looks-to-be-priced-north-of-46500-in-canada-rebates-up-to-14000-regionally/ Chevrolet Bolt EV Looks To Be Priced North Of $46,500 In Canada, Rebates Up To $14,000 Regionally [20160226] Jay Cole [images http://insideevs.com/wp-content/uploads/2016/02/chevrolet-bolt-ev-CAIS-2016-101-750x495.jpg Chevrolet Bolt EV In Toronto For The Canadian International Auto Show http://insideevs.com/wp-content/uploads/2016/02/chevrolet-bolt-ev-CAIS-2016-8-350x262.jpg 2017 Chevrolet Bolt EV To Receive $14,000 Rebate In Ontario At least $46,500 http://insideevs.com/wp-content/uploads/2016/02/mto-ontario-rebates-plug-ins-750x436.jpg List Of Eligible Current GM Vehicles For Plug-In Rebates In Ontario, Canada (via MTO) http://insideevs.com/wp-content/uploads/2016/02/chevrolet-bolt-ev-CAIS-2016-4-350x283.jpg 2017 Chevrolet Bolt In Toronto Last Week ] While General Motors has stated that the upcoming 200 mile, 2017 Chevrolet Bolt EV will be priced from $37,500 in the United States, an odd set of circumstances has revealed it will be a bit more in Canada. And while the recent breakdown of the Canada dollar ($1.355 CAD = 1 US Dollar at time of press …which is actually a decent improvement over the past several weeks) means that is only equal to about ~$34,200 in US funds (a relative steal), to Canadians, that is still a lot of money, as their dollar was close to par just the summer before last. The pricing information came to us indirectly via a Chevrolet representative at the Canadian International Auto Show last week, as we asked him to walk us through Ontario’s newly augmented rebate plan as it relates to GM’s electrified vehicles. “The MTO has said the 2017 Chevrolet Volt [pih], now qualifies for $11,877 thanks to an additional seat. The Spark EV only get $9,000 because of its smaller battery, and the all-new Chevrolet Bolt EV is the first to get the full incentive – $14,000 because of its battery and 5th seat.” The new incentive program in Ontario increased rebates on plug-in cars from $5,000-$8,500 to a new maximum of $14,000. To learn how the program breaks down the criteria to arrive at a rebate amount, click here [ http://insideevs.com/ontario-canada-boosts-electric-vehicle-incentive-program-up-to-10000/ ], but there is two pricing caveats that reveal minimum Bolt EV pricing: Vehicles with a starting MSRP between $75,000 and $150,000 are only eligible for $3,000 (we will call this the “Tesla rule”) and, “Purchase incentives are not to exceed 30% of the MSRP.” With a confirmed $14,000 rebate for the Bolt EV via the GM rep, that means the MSRP must be higher than $46,500 to fulfill the criteria of a 30% max rebate threshold. For Ontarians the high pricing is still fairly inconsequential, as the Bolt EV will still be an accessible all-electric vehicle inside a conventional 36 month lease … perhaps ~$450 a month factoring in the government cash. However with no federal plug-in incentive program, and no other province offering near the same rebate as Ontario (Quebec – $8,000, British Columbia – $5,000), with the other provinces essentially having none at all, the Bolt EV looks to be headed for some very unbalanced sales demographics in Canada. In other words, Ontario is now America’s California. Doing some napkin-back math, leases in Quebec will likely be around a minimum ~$625/month , BC ~$700/month…with the rest of Canada saddled with a nearly ~$900 monthly payment. [© 2016 Inside EVs] For EVLN EV-newswire posts use: http://evdl.org/evln/ {brucedp.150m.com} -- View this message in context: http://electric-vehicle-discussion-list.413529.n4.nabble.com/EVLN-Unbalanced-Bolt-EV-sales-demographics-in-Canada-tp4680745.html Sent from the Electric Vehicle Discussion List mailing list archive at Nabble.com. _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org Read EVAngel's EV News at http://evdl.org/evln/ Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
