incentive

Elon Musk presented the Tesla Model 3 as the “best vehicle you can buy for US$35,000”, regardless of the fact that it is all-electric or what kind of incentives are available to you, but the truth is that a lot of customers will have the opportunity to buy the car for much less (without options) – thanks to government incentives to encourage the adoption of electric vehicles.

I have a reservation and here in Quebec, if all goes well, I should still be eligible for a CA$8,000 (US$6,200) rebate by the time the car becomes available, which should go a long way to help alleviate the price difference due to the exchange rate between CAD/USD.

But the incentive in Quebec has nothing on Singapore’s. Singapore’s Minister of Transport Khwan Boon Wan said this week that under the global city’s Carbon Emissions Vehicle Scheme (CEVS), the Tesla Model 3 is eligible to up to SGD$30,000 (US$22,000) in incentives.
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Earlier this week, we reported on German Chancellor Merkel planning to get directly involved in the negotiations with the auto industry over electric vehicle incentives though a meeting held yesterday. Apparently the meeting went fairly well since local media are already reporting that the two parties struck a deal albeit not as generous as previously expected.
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As we previously reported, the German government is currently in the final stages of establishing a new plan to boost the electric vehicle market in the country. The plan is rumored to include tax breaks for the development of EV technologies, investments in charging infrastructures and finally a much-anticipated €5,000 discount at the purchase of an electric vehicle.

The government is reportedly in negotiations with the German auto industry to figure out the financing of the initiative, but apparently the industry is only willing to pay for about a third of what the government is asking.
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