Ah, ok here we go...this is a good news article on it:
https://www.theglobeandmail.com/repo...ticle35418341/
And this looks to be a very good rundown of the numbers, definitely worth a read:
https://www.iedm.org/sites/default/f...ote0417_en.pdf
Quote:
It is easy to calculate the cost of each tonne of GHGs not emitted thanks to these provincial programs by dividing the cost of the subsidy by the quantity of emissions avoided. We thus arrive at a total of $523 per tonne in Ontario and $288 per tonne in Quebec...probably well below the actual cost.
...
By subsidizing the purchase of electric cars, the Ontario government is paying 29 times more than the carbon market price per tonne of GHGs elimin-ated, and 52 times more than the future federal tax when it comes into effect next year. For Quebec, the corresponding figures are 16 and 29 times more. Even if we take the maximum amount of the carbon tax, namely $50 in 2022, electric vehicle subsidies remain the most expensive option by far.
...
CONCLUSION
Subsidies for the purchase of electric vehicles have little effect on GHG emissions and are much more expensive than other incentive measures that achievethe same results. Between different methods that produce the same results, the more expensive method should never be favoured. If the goal is to obtain the greatest emissions reductions for the amounts spent, then subsidies for the purchase of electric vehicles are actually the least efficient, most expensive way to get there. The Quebec and Ontario governments should abolish them.
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Wow, I suspected it was a pretty inefficient method of reducing emmisions, I just didn't realize it was that bad. Maybe someone in government should look at the numbers before making feel good programs.
The interesting part is this acts as a pretty big subsidy for a company like Tesla, and Tesla also gets subsidized by selling emmisions credits to companies like FCA.
https://www.theverge.com/2019/4/8/18...missions-fines
Tesla is also bleeding cash. I'm dubious about how much benefit these electric vehicles actually have, and if there is an economic case for them at all, given the costs.