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Canadian Prime Minister Mark Carney has unveiled a strategic plan to strengthen the country’s car industry and accelerate its electric vehicle (EV) transition, following challenges caused by US tariffs. The move signals Canada’s shift toward diversifying trade and reducing reliance on the US automotive market.
Trump’s administration imposed a 25% tariff on Canadian cars and parts, impacting an industry where ~90% of vehicles are exported to the US.
Financial incentives for carmakers like General Motors and Toyota to produce vehicles in Canada.
Reintroduction of EV buyer rebates.
Stronger emissions standards targeting 90% EV sales by 2040.
Scrapping the EV sales mandate from 2023 to ease burdens on manufacturers.
Canada recently reached agreements with China and South Korea to encourage EV production and reduce dependency on the US.
The plan aims to protect Canadian jobs, attract investment, and ensure the auto sector remains competitive while supporting a greener future. Some environmental groups have criticized the removal of Trudeau’s EV sales mandate, arguing it may slow the adoption of electric vehicles.
