News Analysis
The federal government has made electric vehicles (EV) a priority over the last few years, with sizable investments in battery factories, a rebate program to improve affordability, and a mandate to phase out the purchase of new gas-powered vehicles by 2035.
But with the U.S. government signing resolutions blocking a similar EV mandate in California and some 17 other states, coupled with continued issues related to affordability, Ottawa’s plan could be facing increasing obstacles.
Jerome Gessaroli, a finance professor at the British Columbia Institute of Technology, notes that the U.S. government’s new regulations impact around one-third of the country’s vehicle market, which would have downstream effects for Canada….