1 week ago
Canadians buy up thousands of Teslas in one weekend as federal rebate ends
When Canada announced on Friday, January 10, that it was winding down its federal EV incentive program, it kicked off a weekend of EV buying across the country, especially in Quebec.On Friday, the government claimed there was $71 million left in the account, and by Monday, the account was closed.After announcing that the funds would run dry, the Toronto Star is reporting that a single Tesla dealership in Quebec City claimed $20 million in subsidies in one weekend by selling more than 4,000 cars as buyers rushed to take advantage of the $5,000 discount.Two dealers in Toronto and one in Vancouver, alongside the Quebec City location, all went from selling a few dozen cars per day to offloading 2,500 or more. Over the weekend, the four dealerships together made 8,600 sales, which accounted for $43 million out of the remaining $71 million.Alongside the removal of the federal incentive, Tesla also announced that it would raise prices on February 1 since it no longer needed ...
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