The Liberals unveiled a tax credit for clean technology investments in the spring budget, planned as a 30-per-cent subsidy on qualifying investments, but the details have not been released so it is unclear if it will be as broad as the U.S. proposal. The U.S. credit starts at 30 per cent and can rise to as much as 60 per cent of investment.
“There’s only about 20 vehicles that are now eligible for the U.S. rebate. In the case of Canada, right now, 50 vehicles are eligible for the Canadian rebate,” he said. The minister said he welcomes the U.S. investment, but says the Canadian government is still spending more than $100 billion on climate change efforts.
Robert Hornung, president and CEO of the Canadian Renewable Energy Association, said reaching net-zero means greening the electric grid and creating much more energy to power electric vehicles and heat pumps that will be moved off fossil fuels.Article content “Taking steps to make carbon pricing more stringent in the electricity sector can help drive more investment in renewable energy, providing clarity on the future of carbon pricing after 2030 drives more investment in renewable energy,” he said.Article content
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Biden's climate plan earns green cred while avoiding Canada-style carbon taxesBiden\u0027s plan offers a tax\u002Drebate of up to US$7,500 for people who buy electric vehicles. The Liberals have a similar program but the credit tops out at $5,000 It wasn't difficult, some people in this country are convinced a carbon tax is the only approach that can change the weather while pumping rebates. Why? Because they're an urban colonialist who uses public transit that fits their specific user case, everyone else must eat cake. Canada -style carbon taxes punish the people and our lifeline, FARMERS. The rebates are nowhere near what a farmer spends on fuel to feed this nation. their AI algorithms will calculate and assign to you a Social Credit Score that will limit or expand whatever privileges you will have from that time on.
Source: nationalpost - 🏆 10. / 80 Read more »
Biden's climate plan earns green cred while avoiding Canada-style carbon taxesBiden\u0027s plan offers a tax\u002Drebate of up to US$7,500 for people who buy electric vehicles. The Liberals have a similar program but the credit tops out at $5,000 It wasn't difficult, some people in this country are convinced a carbon tax is the only approach that can change the weather while pumping rebates. Why? Because they're an urban colonialist who uses public transit that fits their specific user case, everyone else must eat cake. Canada -style carbon taxes punish the people and our lifeline, FARMERS. The rebates are nowhere near what a farmer spends on fuel to feed this nation. their AI algorithms will calculate and assign to you a Social Credit Score that will limit or expand whatever privileges you will have from that time on.
Source: nationalpost - 🏆 10. / 80 Read more »