TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC
  1. TMC is currently READ ONLY.
    Click here for more info.

Canada $5000 federal incentive for Model Y?

Discussion in 'Model Y' started by OrthoSurg, Feb 3, 2021.

?

Do you think Tesla will release a 44,999$ 100 miles base Model Y like they did for the Model 3?

  1. Yes

    16 vote(s)
    35.6%
  2. No

    29 vote(s)
    64.4%
  1. wackojacko

    wackojacko Member

    Joined:
    May 17, 2018
    Messages:
    13
    Location:
    Toronto
    #61 wackojacko, Feb 10, 2021
    Last edited: Feb 10, 2021
    My thoughts would be if they didn't like it they could have simply changed the program to have a low limit on KM of range. If it was 240 then Leaf etc would qualify and Tesla might not sell the sr- as people would buy a 45k Model 3 that goes 240km

    I'M STILL HOLDING OUT HOPE!!!

    P.S. Just ordered our White SR Y with Hitch!
     
    • Like x 1
  2. kpan21

    kpan21 Member

    Joined:
    Nov 5, 2020
    Messages:
    19
    Location:
    Toronto, Ontario, Canada

    yes this is a good way to resolve the issue- i just hope it happens before Saturday lol it would suck to miss out on the rebate by a few days or weeks.
     
  3. OrthoSurg

    OrthoSurg Member

    Joined:
    Jun 2, 2017
    Messages:
    685
    Location:
    Montreal
    I missed it by 2 weeks when I took delivery of my SR Model 3 on April 15, 2019.

    Imagine having bought $5000 of TSLA shares with that $5000!
     
    • Like x 1
  4. PearlShark

    PearlShark Member

    Joined:
    Oct 13, 2017
    Messages:
    140
    Location:
    Canada
    I don’t think that would solve the problem in the government’s eyes. Tesla doesn’t need to actually have sales for the SR-. It just needs to be “available”.

    In my opinion it was a poorly written program. Depending on the real objective of the rebate, these are silly constraints, similar to gerrymandering in US elections (setting arbitrary lines in the sand to tally votes in a strategic way).

    If the goal is simply to get more Electric Vehicles on the road to replace gasoline cars, then these rules don’t help. You would want to be inclusive and convince domestic automakers to produce these vehicles as they are more appealing to the customer. As well as moving customers towards electric, creating demand, and the cycle continues. A lot of technological transitions happen first in the premium sector and then trickle down anyway.

    Many people are shopping for a Cross Over in the $40k range, so a rebate that brings a $55k Tesla down to this, would convert a lot of buyers. These are common family vehicles that pollute.

    All companies that manufacture in Canada dragged their feet on this EV transition and they are now being rewarded for it. The $1.8B federal/provincial joint investment in Ford’s Electric Vehicle and Battery plant in Ontario was a move in the right direction.

    These are all amateur observations, and I hope the people running our government know better than I do and have a greater plan with good intentions.
     
    • Like x 1
  5. OrthoSurg

    OrthoSurg Member

    Joined:
    Jun 2, 2017
    Messages:
    685
    Location:
    Montreal
    Discriminating political incentive.
    And government is angry when Tesla is loopholing around it?
     
  6. Sirpal

    Sirpal Member

    Joined:
    Sep 20, 2020
    Messages:
    27
    Location:
    Montreal
    Why would Transport Canada delay the sale of the car? The Y SR (5 seats) is available for test drive so they're allowed to be on roads.

    I also lost hope on the incentive but I don't understand why they would delay the sales (unless they were suppose to have an agreement which didn't work).

    Does Tesla always keep customers in suspense like this? :)
     
  7. kpan21

    kpan21 Member

    Joined:
    Nov 5, 2020
    Messages:
    19
    Location:
    Toronto, Ontario, Canada
    no clue but from what they explained apparently transport Canada has to approve it before they can sell across the country but the story doesn't completely add up since Vancouver started deliveries.

    another possible scenario is the negotiations took longer and they didn't want to risk delaying sales further for the quarter

    all of this just makes no sense.


    The biggest issue i have with Tesla is transparency on what the hell they are doing, i bought a 2021 M3 in November last year only because elon tweeted the Y SR was not coming out- now its here and I'm trading in my 3(at a 6K loss). Everything else about them including the stock makes up for it

    oh and interesting fact- the Y has lower insurance than the 3 (makin the 6k loss only 2k)
     
  8. PearlShark

    PearlShark Member

    Joined:
    Oct 13, 2017
    Messages:
    140
    Location:
    Canada
    Agreed.

    Also, my insurance came down as well. But how do you save $4k on insurance??
     
  9. kpan21

    kpan21 Member

    Joined:
    Nov 5, 2020
    Messages:
    19
    Location:
    Toronto, Ontario, Canada
    i keep cars for a long time, my last car was a dodge challenger i had for 11 years. price difference is about 50/month so over 6-7 years work out to around 4k. the longer i keep it the lower the loss

    i just really wanted the Y so I'm justifying the loss with this lol
     
  10. 2s3xycars

    2s3xycars New Member

    Joined:
    Feb 10, 2021
    Messages:
    1
    Location:
    Mississauga
    Tesla is been pushy lately. They called me twice and also followed up with some emails on my Y interest. I told them straight up i am waiting for the rebate to come. I asked them to contact me as soon as they have more info. They said, ok we will do.
    In my opinion they r working on it. Maybe they r hesitant (?) since it means they need to lower a 56.9k cuv to 45k software locked. In my opinion they will probably work on the 7 seater first. It is currently 58.9k (fees not included) and to qualify, it needs to be 55k. The rebate has different rules for 5 and 7 seater so, to me, it makes more sense the 7 seater deal. Eventually the 5 seater will qualify but I'll take time. I think around june or so. While they probably figure some savings out. Tesla needs sales, lots of them. Their goal is 750k cars or more so they must be aggressive if they wanted to achieve it.
     
  11. PearlShark

    PearlShark Member

    Joined:
    Oct 13, 2017
    Messages:
    140
    Location:
    Canada
    Well folks. I guess the saga is over. No good news to this point.
     
  12. Super Dave

    Super Dave Member

    Joined:
    Feb 9, 2021
    Messages:
    29
    Location:
    Wasaga
    Yes, it appears there will be no Federal EV discount at this time.
    I have an 11am delivery tomorrow and my final payment numbers have not changed.

    I am very much looking forward to the car I have wanted for some time.
    The lack of an EV credit will not diminish my joy when I hit that Pedal !!!
     
  13. ElGringo

    ElGringo Member

    Joined:
    Feb 9, 2021
    Messages:
    15
    Location:
    Canada
    EV incentive is one thing, price cut is another. Since last fall, the CAD went from 1.31 to 1.26, so a price drop could be in the pipeline to support sells. Mustang Mach E is now available in my area with 6 months waiting. The ID4 is yet to be priced, but the waiting list is growing fast into 2022. XC40 is also coming out. RAV4 has a 2yrs waiting list. On the other side, Tesla has no problem to deliver within six weeks.

    My wild guessing, expect a price cut soon on Tesla lineup.
     
    • Funny x 2
    • Like x 1
  14. Etna

    Etna Member

    Joined:
    Jan 31, 2017
    Messages:
    351
    Location:
    Québec
    The Y SR has been priced in Canada with an exchange rate that is more recent and carries a 5% premium over today's exchange rate, while LR and P carry a 10% exchange rate premium. A price cut is more likely to involve only the LR and P, if it happens.
     
    • Like x 3
  15. PearlShark

    PearlShark Member

    Joined:
    Oct 13, 2017
    Messages:
    140
    Location:
    Canada
    Can you save me the headache of calculating the expected price of the MY LR and tell me what you found it to be?
     
  16. wackojacko

    wackojacko Member

    Joined:
    May 17, 2018
    Messages:
    13
    Location:
    Toronto
    at the spot price today it would be about $52,800 including the delivery. I doubt they will drop the SR Y. when I used to track the difference there was always about a 5% markup on converting US to CAD. so that would be about $55,500, so not far off the 56,300.

    Now the 3 and other variants of the Y need to have their prices adjusted, so I agree we might see a price adjustment, just not on the SR Y
     
  17. nimustan

    nimustan New Member

    Joined:
    Feb 12, 2021
    Messages:
    3
    Location:
    Calgary
    Any news on the $5k iZEV incentive for the MY SR? I heard that some members were picking up their new MY SR today and was wondering if they received the $5k fed rebate.
     
    • Funny x 1
  18. kitk3

    kitk3 Member

    Joined:
    Feb 11, 2021
    Messages:
    9
    Location:
    Canada
    interested in this too as im waiting to place my order
     
  19. Etna

    Etna Member

    Joined:
    Jan 31, 2017
    Messages:
    351
    Location:
    Québec
    If Tesla updates the MY LR price in Canada, it should drop by $3k from 69990 to 66990 to get in line with the current exchange rate premium of the SR.
     
    • Like x 1
  20. Gloor

    Gloor Member

    Joined:
    Jul 10, 2019
    Messages:
    109
    Location:
    Canada
    So what was the 'news' please?

     

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC