Latest news with #rebate
CBC
3 days ago
- Business
- CBC
P.E.I.'s energy-saving rebate changes will let infrastructure catch up by slowing demand, some say
A company in P.E.I.'s solar panel industry says the province is putting jobs at risk by cutting a homeowner rebate in half. But some, like Trevor Leeco of Centennial Nissan (shown) say it's good to put the brakes on encouraging the sale of heat pumps and electric cars, at least until the Island charging network and power grid catch up with demand. CBC's Sheehan Desjardins reports.
National Post
7 days ago
- Business
- National Post
With Fading Rebates, EVs like VinFast's VF 8 Offer Rare Value in 2025
Article content MARHAM, Ontario — With the federal EV rebate now ended and Quebec still offering up to $4,000 in 2025, Canadians eyeing electric vehicles—like the VinFast VF 8—face a narrowing but still lucrative window of opportunity as provincial incentives tighten and the market shifts toward long-term policy. Article content Article content The federal iZEV Program, which once offered up to $5,000 in rebates for qualifying zero-emission vehicles, has recently ended after its successful run. Several provinces maintain their own incentives – Quebec provides up to $4,000 in rebates in 2025, which can significantly reduce the purchase price of a new EV. Article content These programs are evolving as the EV market matures. Provincial rebates are being adjusted yearly, with some scheduled to decrease through 2027. This follows a global pattern where EV support is transitioning from early adoption incentives to more sustainable long-term policies. Germany adjusted its subsidies in 2023, while the UK has shifted its focus to expanding charging infrastructure. Article content A recent AutoTrader survey reveals that 68% of potential EV buyers consider government incentives in their purchase decision 1. As these incentives shift, consumers may need to adapt their strategies, particularly in provinces with generous but changing rebate structures. Article content The same AutoTrader survey shows 42% of Canadians are considering an electric vehicle for their next purchase. While this represents a slight adjustment from previous years, it signals a maturing market moving beyond early adopters. Article content Price parity remains a consideration. AutoTrader's research shows EVs typically cost 15-20% more than comparable gas-powered models upfront. In provinces with robust incentives like Quebec, these financial supports help bridge this gap while the industry continues to advance toward natural price competitiveness. Even in provinces without substantial rebates, the long-term ownership economics are improving as charging infrastructure expands. Article content For Canadians across the country, particularly in Quebec where provincial rebates remain among the strongest, the current incentive landscape creates a favorable window for EV purchases. With potential savings of several thousand dollars depending on location, the financial advantages in 2025 are substantial for eligible vehicles. Article content The current incentive landscape creates varying opportunities across different provinces. In Quebec, where the VF 8 qualifies for CAD$4,000 provincial rebates 2, buyers have a particularly strong financial case. And the timing remains an important factor. A Quebec family buying in 2025 could benefit from current rebate levels that may be adjusted in coming years. These savings can be significant – potentially equal to several monthly car payments. Article content The VF 8 from VinFast, Vietnam's best-selling car manufacturer last year, is an affordable premium midsize crossover designed to meet the needs of today's EV buyers. It offers 349-402 hp of power, depending on the configuration, and comes standard with all-wheel drive, making it well-suited for challenging winter conditions across Canada. Article content With a range of 380-412 kilometers, the VF 8 addresses common concerns about distance, while its fast-charging capability allows the battery to go from 10% to 70% in about 31 minutes at compatible stations. Article content Advanced safety and driver assistance features come standard, including lane keeping, collision avoidance, adaptive cruise control, and 11 airbags positioned strategically to provide protection to everybody onboard. Article content The VF 8 also offers long-term peace of mind with a vehicle warranty that extends up to 10 years or 200,000 kilometers. Altogether, it represents exceptional value and showcases how EVs have evolved to meet Canadian expectations. Article content For Canadians considering an electric vehicle, 2025 represents a favorable alignment of factors: technology has matured, range capabilities meet most driving needs, charging infrastructure continues to expand, and provincial incentives remain available in key markets like Quebec and British Columbia. Article content Beyond 2025, the EV landscape will continue to improve with more models, better technology, and expanding infrastructure nationwide. While provincial incentive structures may evolve, particularly in Quebec where they are currently most generous, the overall trajectory toward electric mobility remains strong. Those considering the switch to electric will find regional advantages in 2025, with Quebec currently offering the most favorable combination of incentives and technology readiness that makes the transition both practical and economical. Article content Article content Article content Article content Article content Article content
Free Malaysia Today
26-05-2025
- Business
- Free Malaysia Today
Johor water service provider offers 15% rebate after supply disruption
Johor menteri besar Onn Hafiz Ghazi said 42 water tankers, 51 static tanks, and 13,000 cartons of mineral water were deployed to the affected areas. ISKANDAR PUTERI : Johor's water service provider, Ranhill SAJ Sdn Bhd, is offering a 15% rebate on May water bills to all consumers affected by the recent water supply disruption. Menteri besar Onn Hafiz Ghazi said the rebate would benefit 155,074 account holders in both the domestic and non-domestic categories, including individual residences, houses of worship, welfare institutions, business premises, and industries. 'I hope this initiative can, to some extent, ease the burden and provide relief to those affected,' he said during the winding-up debate session at the state legislative assembly in Kota Iskandar today. He added that a task force had been established to prevent a repeat of the incident. It was previously reported that the main pump supplying the Sungai Johor water treatment plant had experienced unexpected damage on June 20. The disruption cut off the supply of more than 318 million litres of treated water per day to the Johor Bahru and Iskandar Puteri areas, affecting more than 100,000 consumer accounts. The water supply was fully restored on June 24. Onn Hafiz apologised to all those affected by the disruption. 'I understand this is not a minor issue, especially when it disrupts the daily lives of families and affects the operations of schools, hospitals, and businesses. 'In fact, I personally intervened on May 22 to provide explanations and initiate early actions to resolve the issue impacting the Johor Bahru district,' he said. He said the state government had instructed Ranhill SAJ to repair the damaged water pump immediately and to mobilise all necessary machinery and manpower to alleviate the people's hardship. 'A total of 42 water tankers, 51 static tanks, and 13,000 cartons of mineral water were deployed to the affected areas during that period,' he said.
CTV News
16-05-2025
- Business
- CTV News
‘We never rule that out': Ford says new rebate cheques possible down the road
Ontario Premier Doug Ford says he's not ruling out the possibility of distributing another round of rebate checks to Ontarians in order to help people navigate uncertain financial times. 'We'll never rule that out – giving more money back to the people,' Ford told reporters at a news conference at Wasaga Beach Friday. Ford's comments come the day after the PC government tabled its first budget at Queen's Park since being re-elected in March. The budget included billions of dollars in support for businesses in order to bolster Ontario's economy in the face of U.S. tariffs, sending the province into a deficit of $14.6 billion for 2025-26. However opposition parties at Queen's Park criticized the budget for providing little direct relief to individuals. 'You must put money into the infrastructure, into projects like this to keep people working,' Ford said, as he unveiled a $38 million investment to build the Wasaga area as a tourist destination. Aside from several programs to bolster businesses, the government plans to spend around $200 billion on infrastructure investments over the next decade. Still, Ford pointed out that individuals will save through several measures that were unveiled in the budget, including a permanent reduction in the gas tax and the removal of tolls on a provincially owned portion of Hwy. 407 East between Pickering and Clarington. Those measures are expected to cost $930 million and $94 million respectively in 2025-26. Issuing $200 rebate cheques earlier this year cost around $3 billion. Ford said Friday that the budget focused primarily on supporting businesses but that he wouldn't rule out providing relief to individuals in the form of rebate checks as he did just before the latest provincial election. 'It's not our money, it's the people's money. It's not our money, it's your money that you're paying into the system,' Ford said. 'If we have extra money, that $3 billion goes back into people's pockets.' According to the budget, the government is not expecting to have any extra money until 2027-28, when a small surplus of around $200 million is predicted. However ministry staff noted Thursday that the economic environment remains highly unpredictable, given the ever-shifting tariff discussions.
Reuters
13-05-2025
- Business
- Reuters
Egypt's Suez Canal offers 15% rebate for container ships of 130,000 tons or more
CAIRO, May 13 (Reuters) - Egypt's Suez Canal will offer a 15% rebate for container ships with net tonnage of 130,000 metric tons or more, in light of the positive security developments in the Red Sea and Bab Al-Mandab Strait, the Suez Canal authority said on Tuesday.
