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Bullboard - Stock Discussion Forum HPQ Silicon Inc V.HPQ

Alternate Symbol(s):  HPQFF

HPQ Silicon Inc. (HPQ) is a Canada-based technology company specializing in green engineering of silica and silicon-based materials. The Company is engaged in developing, with the support of technology partners PyroGenesis Canada Inc. (PyroGenesis) and Novacium SAS, new green processes to make the critical materials needed to reach net zero emissions. Its activities are centered around the... see more

TSXV:HPQ - Post Discussion

HPQ Silicon Inc > B.C. no more gas vehicles by 2040
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Post by Sheshe1234 on Jul 30, 2020 9:50pm

B.C. no more gas vehicles by 2040

No gas cars sold by 2040 Photo: pixabay Tyler Orton, BIV - Jul 30, 2020 1:53 pm The B.C. government has no desire to see anyone buying gas-powered vehicles in 20 years. The province announced Thursday (July 30) it's implemented new rules to ensure all vehicle sales will be for zero-emission rides by 2040. Those zero-emission vehicles include battery electric, hydrogen fuel-cell electric and plug-in hybrid electric vehicles. The regulations follow the May 2019 passing of the Zero-Emission Vehicles (ZEV) Act in B.C. The ZEV Act requires automakers to reach annual electric vehicle (EV) sales of 10% of light-duty vehicles by 2025, 30% by 2030 and 100% by 2040. EV sales accounted for 9% of light-duty vehicle sales in B.C., according to Clean Energy Canada. "Waitlists are still too common for British Columbians who wish to get their hands on an electric car," Merran Smith, executive director of Clean Energy Canada, said in a statement. "These laws will help supply keep pace with demand, while sending a clear signal to the market that B.C. is a place that wants their cars." The province currently offers rebates worth between $1,500 to $3,000, depending on the vehicle, for EVs costing less than $55,000. That's down from last year when rebates were worth up to $6,000 for vehicles costing up to $77,000. The federal government, meanwhile, offers up to $5,000 in rebates for EVs under $45,000. If a B.C. owner of an older car is eligible, they can also get a rebate from the provincial Scrap-It program amounting to $6,000. That means some British Columbians can qualify for incentives of up to $14,000 for the increasingly popular vehicles. In 2018, Clean Energy Canada contacted B.C.'s 322 dealerships that qualify for the government's rebate program and found that 40% had EVs available to purchase on their lots. "If you want an electric vehicle in this province, you should be able to drive one home from the lot, same as any car," Smith said. B.C.'s plans for the 100% EV target put it in the same position as Quebec and 10 U.S. states. Meanwhile, the province also announced Thursday it was increasing rebates for e-bikes. Drivers who trade in a vehicle to scrap are now eligible of a rebate of $1,050 towards the purchase of a new e-bike compared with the previous $850 rebate. Victoria is providing $1,000 of the rebate, while participating retailers are providing the remaining $50. The province is also launching a one-year pilot program offering $1,700 rebates to business owners who purchase a cargo e-bike for deliveries.
Comment by Pandora on Jul 30, 2020 11:05pm
I notice they make no mention whatever of how they will replace the lost revenue from the highway tax on gas purchases -- or do EV's not require highways to be repaired, maintained etc. Also no mention of the requirement to rebuild our 25KV electrical grid before the whole province can convert to EV's -- that's a substantial tax payer cost. And it's always nice to see how much ...more  
Comment by Sheshe1234 on Jul 31, 2020 1:49am
Well said. You are welcome to your own opinion.
Comment by dirty101 on Jul 31, 2020 1:54am
Sounds like a BC Hydro problem!! Which means electricity rates will be going WAY up in the near future.  If electricity rates go up that will drive more people to have solar panels on their homes. Increased solar demand = increased high purity silicon demand.  Either way HPQ wins. 
Comment by 2020oilgamble on Jul 31, 2020 6:26am
This post has been removed in accordance with Community Policy
Comment by 2020oilgamble on Jul 31, 2020 6:28am
This post has been removed in accordance with Community Policy
Comment by RattleSnakejack on Jul 31, 2020 8:45am
This post has been removed in accordance with Community Policy
Comment by Pandora on Jul 31, 2020 11:48am
Were you there? I was. I can remember sitting on the fender of the car trying to spot the white line for the driver. Did you ever have to do that?
Comment by JunoBeach on Jul 31, 2020 10:24am
"...drive one home from the lot, same as any car." - So I guess that means Teslas are out. The article says there are only 322 dealerships qualifying for the subsidies. They talk about the future while hanging on to outmoded methods of buying cars.
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