Car dealers still seeking reimbursement for EVs sold under old rebates program
BNN Bloomberg
The reborn federal electric vehicle rebate program is set to launch today — but some of Canada’s auto dealers say they’re still out tens of thousands dollars from the last one.
Starting today, Canadians can access up to $5,000 in government rebates toward the purchase of new electric vehicles that cost less than $50,000. Plug-in hybrids will be eligible for $2,500 in subsidies.
The return of the popular program is being welcomed by car dealerships. But some dealerships have their guard up because the government’s portal to submit reimbursement claims won’t be launched until April.
“It’s a little worrisome. Obviously my antlers are a little bit more raised with what’s going on, and I’m going to be on top of every claim. Just because I don’t trust the system anymore,” said Dean Woods, sales manager at a Kia dealership in Grimsby, Ont.
Woods told The Canadian Press his dealership is out $20,000 from the old program after Transport Canada refused to reimburse it for rebates applied to EVs it sold.
The cars were sold in 2024 but the dealership’s office manager didn’t notice they hadn’t been reimbursed by the government until a month ago. Woods wrote to Transport Canada asking to be reimbursed but Transport Canada refused because the program had ended a year ago.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Jay Allen is a fan of U.S. President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas.
Another climb for oil prices sent the U.S. stock market sharply lower, as hopes collapsed for a possible cut to interest rates by the Federal Reserve.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
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Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.