According to the mandate, all new passenger vehicles and light trucks sold in Canada must be zero-emission by 2035.
electric car subsidies
It now takes 55 days to sell an electric vehicle in Canada, up from 22 days in the first quarter of 2023.
Several automakers including Toyota and Ford have scaled back their EV production plans.
Developments in the U.S. have substantially increased the risk of any investment that relies on access to the U.S. market.
In Germany, EV sales are in freefall as the cash-strapped government tapers off subsidies.
Most EV buyers in Canada have had incomes well above the average.
Electric vehicles have consistently failed to compete with combustion vehicles on performance and cost.
Sales of electric vehicles and hybrids remain relatively small within the scope of total vehicle sales.
Electric vehicles consume huge quantities of materials and their prices are trending up, not down.