2016 Federal Budget – Electrification of transportation
Here is some details about Electrification of transportation in the 2016 Federal Budget.
http://www.budget.gc.ca/2016/docs/plan/ch4-en.html
In the chapter 4 : A Clean Growth Economy, here are the details :
Investing in Electric Vehicle and Alternative Transportation Fuels Infrastructure
Early action is needed to support the transition to low-carbon transportation fuels, as vehicle choices made today will determine the mix of technologies on the road in 2030. Budget 2016 proposes to provide $62.5 million over two years, starting in 2016–17, to Natural Resources Canada to support the deployment of infrastructure for alternative transportation fuels, including charging infrastructure for electric vehicles and natural gas and hydrogen refuelling stations. The Government will advance these objectives by working with provinces and territories, municipalities and the private sector. These resources will also support technology demonstration projects that advance electric vehicle charging technology.
Expanding Tax Support for Clean Energy
The income tax system encourages businesses to invest in clean energy generation and energy efficiency equipment by providing accelerated capital cost allowance (CCA) rates. CCA Classes 43.1 and 43.2 include a variety of equipment that generates energy by using renewable energy sources or fuels from waste, or conserves energy by using fuel more efficiently. Budget 2016 proposes to expand eligibility for accelerated CCA in two important emerging areas: electric vehicle charging and electrical energy storage.
First, the incentive will be extended to include electric car charging stations, with the most generous treatment provided to chargers that provide enough power for long-distance travel. Electric vehicles and stationary renewable energy generation are complementary technologies; providing an incentive for both helps to maximize the potential environmental benefits of renewable energy generation.
Second, the range of stationary electrical energy storage equipment eligible under CCA Classes 43.1 and 43.2 will be clarified and expanded to explicitly allow a much broader range of equipment ancillary to eligible generation equipment. In addition, stand-alone electrical energy storage property will be included in Class 43.1 when the round trip efficiency of the energy storage is greater than 50 per cent. Electrical energy storage helps displace fossil-fuelled power generation and facilitate the integration of a higher proportion of intermittent renewable electricity generation into the electrical grid.
The deferral of tax associated with these measures is expected to reduce federal revenues by $19 million over the 2016–17 to 2020–21 period.
Canada’s World Leaders in Clean Technology Research
Through the Canada Excellence Research Chairs Program, the Government of Canada is supporting world-leading researchers and their teams in clean technology fields, helping to position Canadians to seize opportunities in global markets while protecting the environment.
– Dr. Steven L. Bryant, Canada Excellence Research Chair in Materials Engineering for Unconventional Oil Reservoirs at the University of Calgary, is working to bridge the gap between the current technological status of the oil sands industry and where it needs to be to ensure a sustainable, globally competitive future. Dr. Bryant’s team is combining nanotechnology and materials science research with chemical and petroleum engineering, geoscience and chemistry to reduce the process footprint for current extraction platforms, and develop new platforms that minimize environmental impact and maximize productivity—helping to accelerate the industry’s transformation.
– Dr. Ali Emadi, the Canada Excellence Research Chair in Hybrid Powertrain at McMaster University in Hamilton, Ontario, is advancing Canada’s automotive research leadership in the critical area of electric powertrain technology. This work is helping to transform transportation through plug-in hybrid and electric vehicles, responding to the needs of a growing population of energy-conscious consumers in Canada and across the globe.
– Dr. Robin Rogers, Canada Excellence Research Chair in Green Chemistry and Green Chemicals at McGill University in Montral, Quebec, is spearheading efforts to redesign chemicals, materials and manufacturing technologies to prevent pollution and save energy, and in so doing create new business opportunities. For example, his research on biologically active ionic liquids for the pharmaceutical and agrochemical industries is contributing to increased efficacy, new treatment options and a reduced environmental burden.
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