With gasoline prices surging nationwide, Canadians are rethinking their transport options. In Nova Scotia, provincial rebates are showcasing the appeal of electric vehicles, as petrol pump prices rise. Research shows that most people thinking about going electric are being nudged towards this decision by soaring gas prices. In fact, hundreds of Nova Scotians have already benefited from a Province-wide Electric Vehicle Rebate programme. In simple terms, this program offers three generous benefits to Nova Scotia is trying to lower their transportation costs:
$3,000 rebate on the purchase of a new electric vehicle;
$2,000 rebate when buying a second-hand electric car;
$500 rebate for some e-bikes.
The purpose of this initiative is to help Nova Scotians in all income brackets hop aboard this trend in transportation. To do so, it offers point-of-sale rebates on new and used electric vehicles, plug-in hybrids, and even pedal-assisted electric bicycles (e-bikes).
New electric vehicle purchasers qualifying for the [...]
The newest contender on Canada’s burgeoning electric vehicle market, VinFast might be tiny in terms of output (30,000 units last year), but it’s a powerhouse in terms of investments and ambitions. At the moment, its output comes from its Hai Phong manufacturing complex in Vietnam. However, the word is out that a US plant could open in 2024.
Less than five years old, this auto-maker is almost unknown outside its homeland. But as a member of VinGroup – the largest conglomerate in Vietnam – it’s underwritten by lavish commitments of US$ 3.5 billion, with an output planned to top 250,000 vehicles a year.
SUV Launches in North America
Gearing up to take North America by storm from its headquarters in Los Angeles, VinFast plans to leapfrog the entire cute urban runabout market with its two debut SUVs: the full-size VF e36 and its smaller sibling, the VF e35. Signed by Pininfarina with [...]
A perfect storm of adverse factors is driving an upsurge in gas pump prices, which may soon see Canadian gas stations charging prices close to a twoonie. For drivers all over North America, higher pump prices are becoming a significant pain point.
However, local gas stations are only now starting to catch up with the rest of the world, where energy prices have been skyrocketing for months. At the international level, surging oil prices and the foreign exchange rate for the Canadian dollar are pumping up pressures.
Global Fuel Prices Soar
Experts believe there’s a good chance that oil will top a $ 100 a barrel in the next few months: up 20% from current levels of around $ 85. There are also forecasts that gas prices might top two dollars a litre in some areas of Canada during 2022.
Places like Labrador and Newfoundland – which already have of the highest [...]