This advertisement has not loaded yet, but your article continues below.published by the Macdonald-Laurier Institute, I estimated the cost of eliminating one tonne of carbon dioxide through the federal EV subsidies to be $355 — and if provincial subsidies are included, up to $960. While the federal government claims that society saves $65 for every tonne of carbon mitigated, the costs associated with the EV subsidies and the Clean Fuel Regulations far exceed any financial benefits.
Finally, every government policy mentioned above is unfair to lower-income households. The EV sales mandates will make vehicles more expensive, which particularly hurts low-income Canadians who must spend a larger proportion of their money on a vehicle purchase. Likewise, the Clean Fuel Regulations, according to the
, will also affect lower-income households disproportionately. EV purchase subsidies, meanwhile, mostly benefit wealthier households who can afford the higher priced EVs and thus use the credit.Article content Looking at the consequences of high auto prices on Canadians, the government’s regressive policies are excessively impacting those who can least afford it. Not only do they make many Canadians worse off, the policies do not reduce greenhouse gas emissions in a reasonably cost-efficient manner. We may not see it directly, but every poor policy implemented erodes our standard of living.