Rebates of up to $10,000 to purchasers of electric vehicles in ON!!!

[Canada]

Hey guys, I found an interesting article this afternoon and want to share this with you.

The Ontario government's plan to offer rebates of up to $10,000 to purchasers of electric vehicles. However this plan ran into immediate criticism Wednesday from one of the largest auto makers in the province and a leading industry analyst.

After reading the article, I don’t like this idea like most of others. I do agree with Mr. DesRosiers who said “If it takes a bribe of $10,000 to get a consumer into these products then the technology will never succeed.”

There are lots of way government can encourage green technology, not like this way. Here is the whole article:

Electric car rebate sparks criticism - The Globe and Mail

[FavStocks]

it may have more to do with stimulating the economy than selling green electric cars.

Yes lets all go "save" $10K and buy a new car

[Breconeer]

It took a bit of government pump-priming cash to get Smith Electric Vehicles up and running at their site in Kansas City, Missouri. But it worked. Though the plan was instigated by a UK company (Tanfield Group) initially as an offshoot of their long-established UK/European electric trucks/vans business (they've been making them there since 1920). The KC facility is now shipping out ten trucks a week, the first few hundred already on the streets and it looks like they'll have built over a thousand there this year. The company reckons to be into profit after the first 400 trucks and have now passed that mark. These are biggish trucks - carrying 26,000lbs. PepsiCo's Frito-Lay division have bought 176, Staples have so far bought nearly a hundred. CocCola, Pacific Electric, and a host of other well known companies have placed orders for delivery this year.

It's not yet possible to buy into Smith Electric (unless you are a big private player with half a million dollars minimum to spare) but they intend listing on the Nasdaq stockmarket later this year. The date for their proposed ipo should be announced soon. If you have access to the UK (London) stockmarket you can buy shares in Tanfield Group (LSE:TAN). They own about a third of the stock in Smith Electric, and the Tanfield price is currently rising strongly in anticipation of the Nasdaq ipo, which will be the biggest electric vehicles ipo since Tesla.

Smith plan to replicate their KC production facility in 20 states. The next location (widely expected to be somewhere in California) is apparently to be announced in the next few weeks. The company is on target to produce and sell 100,000 of its electric trucks within 4 years.