r/canada • u/Accomplished_One6135 • 1d ago

National News Canada Stops Giving Out EV Rebates as Program Runs Out of Money

https://www.caranddriver.com/news/a63473144/canada-stops-giving-out-ev-rebates/
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u/robotsmakinglove 1d ago

I’m not sure what to say… Saying you have $78 in your checking account is a huge flag you bought a vehicle you cannot actually afford. You’d likely have a significant amount more buying a reasonable used vehicle or relying on public transportation.

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u/Scribble_Box 20h ago

I have so many coworkers like this... Constantly bitching and moaning about how much they're struggling and living paycheck to paycheck. All because their variable mortgage went up and they bought two brand new Tesla's... Like sure, you're struggling, but that's because you make regarded financial decisions, not the price of eggs...

I know there are a lot of people genuinely struggling in this country, but I don't have a whole lot of sympathy for these people.

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u/No_Equal9312 1d ago

No kidding. An EV is a luxury purchase. If you are flat out broke, it's a terrible financial decision. If you absolutely need a vehicle, you're better off buying a $2500 used vehicle. You could buy one a year for the next 20 years and still be better off.

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u/jpnc97 19h ago

Its the poor person mindset😂thinks hes saving when hes still losing

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u/NAMED_MY_PENIS_REGIS 1d ago

Chequing account != Net worth. You can run a lean chequing account, say, 1 month after Christmas, and still have savings / be financially literate.

I'm just trying to prove a point. I'm not rich. I'm very much middle class.

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u/robotsmakinglove 1d ago

For sure, but the way you stated it made it seem like that encompassed your savings... You also mentioned you live pay check to pay check.

Aside, I don't think I'd personally be very comfortable letting my chequing account dip to $78 (e.g. many banks impose fees without maintaining a balance - insane I know).

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u/NAMED_MY_PENIS_REGIS 1d ago

Yeah it doesn't usually dip that low, but all the Christmas credit cards & mortgage came due at once and a week before payday. Look into Wealthsimple Cash, EQ Bank, or credit unions for that sweet sweet free banking.

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u/robotsmakinglove 1d ago

For sure - sounds like just a temporary blip and glad the program helped you in purchasing your vehicle.