The future’s so bright, they gotta wear shrouds;
Sales of electric and hybrid vehicles have dropped more than 50 per cent in Ontario over the past year, according to data provided by a non-profit advocacy group.
Electric Mobility Canada recently released a report on electric vehicle sales compiling data from Statistics Canada and IHS Markit, a market analysis firm.
During the first quarter of 2018, 2,633 electric vehicles were sold in Ontario. During the same time period this year, that number dropped to 1,219.
Electric Mobility Canada attributes at least part of this decline to the end of Ontario’s Electric and Hydrogen Vehicle Incentive Program (EHVIP) in July 2018.
The program offered drivers between $5,000 and $14,000 to buy new environmentally friendly vehicles from a range of auto manufacturers.
Major Setback For EVs;
Peak oil demand might be delayed as the U.S. and China scale back support for fuel efficiency and electric vehicles.
[…]
According to Rapidan Energy, changes to policies in these two key countries, plus others, “may prompt reexamination of oil demand forecasts from IEA and EIA.” The consultancy is drawing upon its database that tracks 71 policies across 37 countries, which collectively account for 62.4 million barrels per day of oil demand.
In the U.S., the Trump administration is in the process of watering-down national fuel economy standards for cars and light-duty trucks. The proposal would freeze corporate average fuel economy (CAFE) standards at 39 miles per gallon by 2020, rather than letting them rise to 55 mpg as the Obama-era rules require. California has vowed to use its unique authority to maintain tighter fuel economy standards, but the Trump administration is also seeking to strip the state of its ability to set independent rules.
It’s as though they have to pay people to buy them.