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Multi-millionaire investor Michael Wekerle of CBC Dragons' Den was one Ontario-based buyer of the vehicle. "If you can afford a Porsche Spyder you probably don't need a $5,000 subsidy from regular folks."ĭragon's Den judge Michael Wekerle is seen in his Porsche 918 Spyder in 2014. "Why are we subsidizing luxury vehicles for millionaires?" asked Christine Van Geyn, Ontario director of the Canadian Taxpayers Federation, in an interview with CBC News. The 918 is a plug-in hybrid, assembled by hand at a specialized Porsche factory in Stuttgart, Germany, and hailed by the company as "the future of the sports car." Road tests showed the 887-horsepower supercar could accelerate from 0 to 100 km/h in 2.2 seconds.ĭocuments obtained by CBC News show the taxpayer-funded rebates to five Porsche 918 Spyder buyers in Ontario averaged $5,538 each.
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Michael Wekerle's Porsche 918 Spyder burns at Caledon gas station.Ontario boosts incentives for electric vehicles.The Ontario government gave taxpayer-funded rebates to five millionaires to buy one of the most expensive cars ever manufactured, the Porsche 918 Spyder.ĬBC News has learned that five Ontario drivers received funding through the province's Electric Vehicle Incentive Program in 2015 for buying the Porsche 918, which retailed in Canada at about $1.1 million.