Toronto stops EV incentives for Tesla vehicles

Toronto has decided to stop offering financial incentives for Tesla vehicles purchased as taxis or ride-share cars. Mayor Olivia Chow announced this change on Monday. The city is encouraging the use of electric vehicles for hire by reducing licensing and renewal fees. This program will run until the end of 2029 as part of efforts to lower emissions. However, as of March 1, Tesla vehicles are no longer eligible for these benefits. Chow explained that this decision is linked to ongoing trade tensions with the United States. She suggested that taxi drivers will need to consider other electric car brands instead. "The vehicles for hire will have to find a different kind of car," she said after a news conference. Chow indicated that the change will stay in place until issues with the U.S. are resolved. Tesla has not commented on this matter yet. The mayor mentioned that this decision targets Tesla's CEO Elon Musk, who is a close advisor to U.S. President Donald Trump. Trump has made statements about annexing Canada and has imposed tariffs on Canadian goods, which has upset many Canadians. Chow added that while the financial impact of this decision won't be significant, it is mostly symbolic. "If you want to buy a Tesla, go ahead," she said, "but don’t count on taxpayer money to subsidize it."