Posted on 07/15/2018 7:57:25 AM PDT by jerod
Ending program immediately for purchases directly from manufacturer is unfair, customers say
Some Tesla customers say they now have to fork over an extra $14,000 for their new Model 3 electric cars because of Ontario's sudden decision to end an incentive program for electric and hydrogen vehicles.
The provincial government announced Wednesday that the program will end on Sept. 10 for those who have their vehicle delivered, registered, and plated if it was purchased from a dealer, but it ended immediately for those who ordered their electric and hydrogen vehicle directly from the manufacturer.
As Tesla does not have dealers and their cars are sold directly to consumers, some Tesla customers say they feel like they've been unfairly targeted.
Matthew Cheung told CBC Toronto that his father had been saving up for an electric vehicle for some time, and once the more modestly priced Tesla Model 3, which retails for $45,600, was announced, he felt owning an electric car was finally in reach.
While still a bit of a financial stretch, Cheung said his father put down a non-refundable deposit for his "dream car" the day before the election.
Cheung said he knew the rebate would be cancelled but expected it to be done in a way where existing orders in progress would be honoured....
David Adams, president of the Global Automakers of Canada industry association, said Friday that experience elsewhere shows that sales of electric vehicles take a hit when subsidies are removed, such as when British Columbia stopped and then restarted its program.
"When they cancelled it, sales went down dramatically, and then when they reinstated it, sales went back up again. That is the same pattern that we've seen in other jurisdictions internationally," he said.
I agree. That's what I was getting at.
Ford kills Tesla
Who puts down a non-refundable deposit on a +$35k product that does not exist, made by a company known for failing to deliver on its promises, all while praying that your neighbors will still be chipping in for 25% of it - IF the product is delivered some day in the future and - IF the political environment does not change by then??
So the dude you quoted has no idea about future production rates while other experts are saying they will hit 10,000 per week.
Amazon has a p/e of 285 ...
Tesla is around 1500.
Stocks tree on forward p/e, not past p/e.
I don’t know. I can only say, not me..
specially in dollars and citizen lives... The same holds true allowing unlimited numbers of little illegal alien bastards into our country, and their progeny forever...
It was until 2 weeks ago... Sad thing for socialist and liberals... It’s called an ‘Election’.
The tax credit goes to the purchaser of the car. If the car is leased, the credit goes to the company leasing the car. There is also some zero emission credits being bought in states like California. Tesla sells their excess credits to manufactures that are of compliance with the regulations.
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