The Parliamentary Budget Office says that the ownership costs of zero-emission electric vehicles (ZEV) would still need to decrease by 29 percent to meet the government’s sales target of 60 percent by 2030.
The Liberal government announced in 2023 that auto manufacturers would be required to ensure the market share of ZEVs sits at 20 percent in 2026, 60 percent in 2030, and 100 percent by 2035. Automakers are issued credits by the Canadian Environmental Protection Act for the EVs they sell.
Manufacturers that sell more EVs than needed to meet each year’s target will be able to bank those credits to meet future targets, or sell them to companies that didn’t meet their targets. Manufacturers can also cover up to 10 percent of the credits they need each year by investing in public fast-charging stations….