Canadian equipment prices to rise with emission rules
OTTAWA, ON - The federal government has published its plans for new Greenhouse Gas limits that will apply to 2018-29 Model Year equipment, effectively mirroring changes introduced by the U.S. Environmental Protection Agency (EPA). The required upgrades will cost Canada's trucking industry an extra $4.1 billion, but save $10.3 billion in fuel, according to the Department of the Environment. When considering the overall lifespan of the affected vehicles, net benefits are expected to reach $8.8 billion between 2018 and 2050. The upgrades are projected to add 8% to the cost of a typical 2027 Model Year tractor, or $11,322. Vocational vehicles in the same model year will cost an extra 4%, or $4,369. Trailers - introduced in emissions standards for the first time beginning with the 2018 Model Year - will see an average 4% price bump on 2027 models. That will be up $1,237. Heavy-duty pickup trucks and vans, meanwhile, will see price tags increase an average of 3% or $1,324 per vehicle.