Governement of Ontario to offer cash incentives for electric cars and PHEVs...

Caught this in the news today...

Read it here from CTV,

CTV.ca | Ontario offers cash incentives for electric cars

Sadly the number of ignorant ignorant comments is scary.

In a CBC report of the same story, the reporter referred to electric cars as slower, despite mentioning the Tesla sports car and interviewing someone from Tesla...

No word whether the subsidy will include converting a Prius to a PHEV...

 

I would say that it's almost a certainty that battery costs will go down. Also the Hymotion convertion is 60% profit.... That too will go down as competition heats up.

The Hymotion price tag is hard to justify. In a best case scenario I would be saving about $1200 a year in fuel bills. (That's with factoring in about $120 extra in electric bills.) That's 12 years worth of fuel to get their PHEV upgrade...

As batteries improve, and more DYI people publish their results, we might see an influx of kits. Those might push conversion costs down to about $6000 (CDN). Then we will be talking... I personally don't think it's worth it until you can recoup your cost within the warranty period of the upgrade....