On Wednesday Ontario Canada’s Premier Dalton McGuinty announced that the Ontario government would provide buyers of plug-in hybrid vehicles a rebate of $4000 to $10,000 dollars for cars purchased after July 1, 2010. A $7500 tax credit exists for the Volt in the US.
The Premier actually made the announcement at a Chevrolet dealership while stepping in and out of a Volt show car. Buyers of the Volt could expect the full $10,000.
Toyota had not been notified of this decision and was caught off guard. In return for $3.16 billion in funding the Canadian governemnt is a 12% owner of the new GM, and as such the Japanese automaker expressed concerns of favoritism.
“How long does this continue?” said Stephen Beatty, managing director of Toyota Canada Inc. “We can’t set up a situation where the future of the industry depends on constant subsidies.”
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