5 March 2020
Canadian Prime Minister Justin Trudeau has announced the government's plans to extend the 100% write-off incentive for eligible zero-emission vehicles to include off-road vehicles to encourage businesses to upgrade to cleaner technologies.
Canadians expect their government to take ambitious action to protect our environment, while growing our economy and creating new jobs and opportunities for workers and businesses. To do this, we must support measures to accelerate Canada’s clean energy transition and help our businesses adopt the sustainable technologies of the future.
Today, at the global mineral exploration and mining convention hosted by the Prospectors & Developers Association of Canada, the Prime Minister, Justin Trudeau, announced that the government intends to propose a new incentive that would make it more affordable for Canadian businesses to invest in zero-emission vehicles and automotive equipment.
To help Canada achieve its climate goals and keep our industries competitive, the Government of Canada intends to extend the existing zero emission vehicle incentive to include off-road vehicles. This incentive would provide a 100 per cent write-off of the purchase cost of eligible zero-emission vehicles and automotive equipment in the year they are put in use.
This new incentive would encourage businesses, including in sectors like mining, transportation, and agriculture, to take advantage of opportunities to upgrade to newer, cleaner technologies.
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