RE:Sales Tax Holiday will BOOST EV Sales Yes make sure you tax combustibles to death and give it all to the EVs Especially the "super green" ones made using coal fired electricity in china, turkey etc
Amazingly the prices of evs have been dropping as incentives fall off but we better reverse the trend and put the incentives back so taxpayers money can be pocketed by scammers sucking up grants. Like all government grants the manufacturers raise the price by value of grant and simply pocket the grant.
Legit vehicle manufacturers can do quite well without incentives.And if you cant survive die and quit stealing business from the real car makers who have been doing it for over haf and in some cases over a century.
All the bankruptcies have been by start up scammers robbing investors and governments with ludicrous promises while producing no real products .
And of course the 20 billion Canadian and 53 billion US in gas taxes will be replaced by manna from heaven and the roads will simply pay for themselves.
All this so your penny lithium stock with slim chance of actually producing in decades can get grants?
deepoil0808 wrote: The best way for both Canada and USA to accelerate adoption of EV sales is to incentize buyers by granting a tax holiday on the purchase of any EV vehicle versus a combustion vehicle.
In Canada it would amount to a savings of 15%.
So if you are given an option to purchase a $ 40,000 combustible car or, a $ 40,000 EV, you would lean towards the EV because you save the 15% tax or $ 6,000.
In addition, to further put fire on EV market, you could add a carbon tax on the sale of combustible cars so say $3,000.
For a $ 40,000 EV model, it would mean a savings of 15% tax or $ 6,000 and $ 3,000 carbon tax or $ 9,000 in total.
No one would buy any more combustible cars.
Food for thought,
Good Luck Everyone,