Cost to Shift to EVs ‘Considerably Greater’ Than Ottawa Claims: Report

The report says for every tonne of GHG emission reduced by EV drivers, it costs taxpayers between $355 and $857, depending on the provincial subsidy rate.

A Chevrolet Bolt EV is seen at an event promoting the Greening Government Fund, in Ottawa, on June 27, 2023. The Canadian Press/Justin Tang

The cost to taxpayers for government subsidies promoting electric vehicle (EV) purchases are going to pile up quickly, according to a new Fraser Institute report.

“The total economic bill for the politically dictated shift to EVs will be considerably greater than elected officials in Ottawa have acknowledged so far,” the think tank said.