I would agree that the change of the incentive package, the discontinuation of incentives and then reinstating the incentive brought some sensitivity and uncertainty into the market. I stress the importance of incentives because they offer an alternative pathway to reducing the cost of the vehicle significantly.
I think 2015 was the most generous incentive era, and we saw early adopters getting into EVs. However, what we are lacking here in incentives relates to pre-owned electric vehicle incentives and, in some provinces in Canada, restructuring incentives based on the price of the vehicle and the household income.
In short, incentives are one of the great tools to motivate electric vehicle adoption in any market.
