![]() It also sparked an unofficial appreciation competition in the auctioning community. The vehicle attracted enough interest from well-off and passionate bidders. He managed to sell the hypercar for the record sum of $2,025,000. Inflation worked wonders for this owner of a 2015 Porsche 918 Spyder. The most popular vehicle in Ontario's electric vehicle incentive program is the Chevrolet Volt Hatchback, with 1,200 owners getting rebates totaling $9,955,748.Were you anticipating a declining interest in used cars? Well, it seems like it won’t happen to every vehicle out there. $170,000 in rebates to 20 buyers of the Tesla Roadster Convertible (retail price: $109,000 US, or roughly $138,000 Cdn).įrom the program's inception in 2010 until the changes announced in February, Ontario gave $39 million in electric vehicle incentives to 4,793 drivers.$212,500 in subsidies to 25 drivers to buy the Fisker Karma (retail price: $103,000 US, or roughly $130,000 Cdn ).$362,032 in incentives to 64 wealthy Ontarians to buy the BMW i8, a car that currently retails at $150,000 in Canada. ![]() The documents obtained by CBC News reveal that Ontario taxpayers have subsidized the buyers of other cars with six-figure price tags. ![]() "We don't need to incentivize people to be buying these cars. It just doesn't make any policy sense." "The whole program should really be scrapped," said Van Geyn. "The program's objectives at this time were to support the adoption of electric vehicles and to incentivize early adopters," he said. Wekerle's Porsche 918 went up in flames at a service station in Caledon, northwest of Toronto, in September 2014.įew electric vehicles were on the market when Ontario's incentive program was launched in 2010, said Transportation Ministry spokesman Bob Nichols in a statement. Wekerle's spokesperson Kelly Pullen told CBC News on Wednesday that he did not apply for a rebate. Multi-millionaire investor Michael Wekerle of CBC Dragons' Den was one Ontario-based buyer of the vehicle. "If you can afford a Porsche Spyder you probably don't need a $5,000 subsidy from regular folks."ĭragon's Den judge Michael Wekerle is seen in his Porsche 918 Spyder in 2014. "Why are we subsidizing luxury vehicles for millionaires?" asked Christine Van Geyn, Ontario director of the Canadian Taxpayers Federation, in an interview with CBC News. The 918 is a plug-in hybrid, assembled by hand at a specialized Porsche factory in Stuttgart, Germany, and hailed by the company as "the future of the sports car." Road tests showed the 887-horsepower supercar could accelerate from 0 to 100 km/h in 2.2 seconds.ĭocuments obtained by CBC News show the taxpayer-funded rebates to five Porsche 918 Spyder buyers in Ontario averaged $5,538 each.
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