The Prague Post - Carney scraps Canada EV sales mandate, affirms auto sector's future is electric

EUR -
AED 4.114065
AFN 72.259582
ALL 90.790621
AMD 404.158249
ANG 2.004979
AOA 1027.255243
ARS 1706.277137
AUD 1.605841
AWG 2.019222
AZN 1.908846
BAM 1.955598
BBD 2.254667
BDT 138.445698
BGN 1.95798
BHD 0.422456
BIF 3355.553362
BMD 1.120234
BND 1.430852
BOB 13.181638
BRL 5.562192
BSD 1.119484
BTN 106.219027
BWP 15.421407
BYN 3.28696
BYR 21956.591821
BZD 2.251367
CAD 1.568609
CDF 2594.46299
CHF 0.92428
CLF 0.028078
CLP 1105.065844
CNY 7.480981
CNH 7.472639
COP 3552.732992
CRC 510.847228
CUC 1.120234
CUP 26.866225
CVE 110.25361
CZK 24.330933
DJF 199.339408
DKK 7.473811
DOP 68.662907
DZD 150.487454
EGP 61.701626
ERN 16.803514
ETB 182.080891
FJD 2.506193
FKP 0.837532
GBP 0.83759
GEL 2.901844
GGP 0.837532
GHS 12.979659
GIP 0.837532
GMD 82.897735
GNF 9906.976581
GTQ 8.557116
GYD 234.45578
HKD 8.78527
HNL 30.053895
HRK 7.537165
HTG 146.714844
HUF 366.731529
IDR 20269.350965
ILS 3.478944
IMP 0.837532
INR 106.361208
IQD 1697.024692
IRR 2052689.282929
ISK 136.422562
JEP 0.837532
JMD 177.661647
JOD 0.79429
JPY 175.72038
KES 145.354984
KGS 97.962924
KHR 4573.527541
KMF 492.347215
KPW 1008.210806
KRW 1482.658115
KWD 0.348046
KYD 0.932904
KZT 508.267495
LAK 25190.397759
LBP 100245.344367
LKR 371.711601
LRD 190.860284
LSL 18.546684
LTL 3.307761
LVL 0.677619
LYD 7.169259
MAD 10.995664
MDL 20.205913
MGA 5062.477032
MKD 61.598637
MMK 2352.70217
MNT 4032.758987
MOP 9.043866
MRU 44.738378
MUR 52.830672
MVR 17.319246
MWK 1941.099479
MXN 20.912986
MYR 4.576498
MZN 71.587148
NAD 18.546684
NGN 1492.219693
NIO 41.195744
NOK 10.482469
NPR 169.950444
NZD 1.961367
OMR 0.429016
PAB 1.119384
PEN 3.844503
PGK 5.013482
PHP 71.267107
PKR 309.775499
PLN 4.40251
PYG 6474.331183
QAR 4.080578
RON 5.3545
RSD 117.487863
RUB 91.430555
RWF 1653.929144
SAR 4.204519
SBD 9.045421
SCR 15.663382
SDG 673.825035
SEK 11.125947
SGD 1.430432
SHP 0.837151
SLE 25.709792
SLL 23490.757589
SOS 639.733914
SRD 42.152218
STD 23186.587781
STN 24.497469
SVC 9.794988
SYP 14565.285711
SZL 18.546084
THB 37.830725
TJS 10.315634
TMT 3.932022
TND 3.342755
TOP 2.697255
TRY 55.679905
TTD 7.606214
TWD 36.503734
TZS 2963.693842
UAH 50.679165
UGX 4931.490563
USD 1.120234
UYU 44.895362
UZS 13396.616091
VES 985.569686
VND 28949.654292
VUV 133.391269
WST 3.100456
XAF 655.957
XAG 0.020782
XAU 0.000280356799
XCD 3.02749
XCG 2.017492
XDR 0.792064
XOF 655.957
XPF 119.331742
YER 264.491333
ZAR 18.566461
ZMK 10083.456786
ZMW 22.506675
ZWL 360.71498
SSP 6436.51929
MXV 2.360302
  • RBGPF

    2.6200

    72.77

    +3.6%

  • BCC

    -0.5500

    77.74

    -0.71%

  • RYCEF

    -1.7500

    15.26

    -11.47%

  • NGG

    -0.7800

    81.86

    -0.95%

  • BCE

    -0.4100

    20.4

    -2.01%

  • RELX

    -0.0800

    40.54

    -0.2%

  • RIO

    -0.7200

    83.42

    -0.86%

  • VOD

    -0.3800

    15.74

    -2.41%

  • CMSC

    0.0000

    19.6

    0%

  • CMSD

    0.1800

    19.78

    +0.91%

  • GSK

    -0.4600

    50.75

    -0.91%

  • JRI

    0.0700

    10.75

    +0.65%

  • BP

    1.2700

    51.32

    +2.47%

  • BTI

    -0.9900

    59.48

    -1.66%

  • AZN

    -1.0800

    171.49

    -0.63%

Carney scraps Canada EV sales mandate, affirms auto sector's future is electric
Carney scraps Canada EV sales mandate, affirms auto sector's future is electric / Photo: Dave Chan - AFP/File

Carney scraps Canada EV sales mandate, affirms auto sector's future is electric

Prime Minister Mark Carney on Thursday cancelled a mandate for all vehicles sold in Canada to be electric by 2035, while announcing major investments to support the auto industry's EV transition.

Text size:

In unveiling his plan to transform the sector, Carney said Canada's auto industry needed to be ready for a future where EVs are dominant, and where US President Donald Trump's tariffs have made cross-border vehicle production unworkable.

Carney's decision to scrap EV mandates also marked another departure from policies backed by his climate-focused predecessor, Justin Trudeau.

Trudeau's government had mandated that 20 percent of vehicles sold this year be electric, with a 60 percent target by 2030 and the 100 percent target for 2035.

Those targets were applauded by some environmental groups but faced criticism from automakers, as well as concern that Canada had nowhere near the charging infrastructure needed to support full electrification across a vast landmass.

Carney argued his new automotive strategy would prioritize "results and solutions."

His plan includes a CAN$5,000 (US$3,700) subsidy for individuals who choose to buy an EV, CAN$1.5 billion to improve charging infrastructure, and CAN$3 billion "to help the auto industry adapt, grow, and diversify to new markets," his office said.

"We know where the auto industry is headed. We're going to support that transition," Carney told reporters.

Progress in the global EV market has been patchy.

Trump scrapped tax credits for EV purchases last year, jarring automakers that invested heavily in electrification during Democrat Joe Biden's presidency.

The European Union in December also proposed scrapping a planned 2035 ban on new combustion-engine vehicles.

Carney said his goal was 75 percent EV sales by 2035, and a 90 percent target by 2040.

The Global Automakers of Canada, an industry group, praised Carney for providing "greater clarity" on the government's electrification plans, including "a commitment to aggressively build out the charging infrastructure."

Since taking office last year, Carney has also scrapped Trudeau's carbon tax on individual households and advanced plans to build a new oil pipeline from Alberta to the Pacific coast -- infuriating environmental groups.

Asked Thursday if he still considered Canada a leader in the fight against climate change, Carney said: "Absolutely."

– 'Serious liability' –

Canada's auto industry supports half a million jobs, and concern about its future has intensified since Trump returned to office last year.

The president's broad approach on trade with Canada has shifted, but his administration has maintained a fairly consistent message on autos, insisting it wants to see vehicles made exclusively inside the United States.

Carney on Thursday said "there's no greater symbol of how closely the Canadian and American economies have been intertwined than automobiles."

Parts cross the US-Canada border up to eight times during production, but Trump's auto tariffs are threatening the viability of such integration.

"That trade relationship that once was a great strength has now become a serious vulnerability," Carney said.

Since April, Canadian-made vehicles have faced a 25 percent tariff on their non-US components, a levy Canada insists violates the existing North American free trade agreement, known as the USMCA.

USMCA revision talks are set for this year.

"Our objective is to remove all tariffs in the auto sector," Carney said, but stressed Canada's industry needed to start planning for an entirely domestic production chain.

Canada has large deposits of the critical minerals needed for EV battery production and says it wants to develop an end‑to‑end production chain, from mining to mineral processing to vehicle battery production.

O.Ruzicka--TPP