100 Percent Of New Vehicle Sales Will Be EVs In Canada By 2035, Aims Federal Government
The federal government says its new EV plan lays the groundwork to reach 100 percent zero-emissions vehicle sales by 2035.
In a recent press briefing, Minister Steven Guilbeault from the Department of Environment and Climate Change disclosed updated regulations for all-electric vehicles (EVs) in Canada. These measures aim to enhance accessibility to affordable EVs and facilitate the proliferation of charging stations across the country.
The federal government says its new EV plan lays the groundwork to reach 100 percent zero-emissions vehicle sales by 2035. The latest announcement on Tuesday provided a detailed timeline for the regulations, identified the impacted parties, and outlined the compliance process for automakers.
The government is charting the course for this transition, mandating that 20 percent of all cars, SUVs, crossovers, and light-duty pickups sold by automakers emit zero emissions by 2026. By 2030, the target increases to 60 percent of all vehicle sales being zero-emission.
Automakers will be subject to a credit system, earning or losing credits valued at $20,000 for each vehicle with an all-electric range exceeding 80 kilometers. These credits will be based on their ability to meet, exceed, or fall short of sales targets.
Financial penalties will be imposed on companies for every vehicle sold below their specified target. Credits can be accrued immediately by selling EVs before 2026 and by investing in the establishment of fast-charging stations. However, companies can only offset 10 percent of their overall compliance through these means.
The government will impose a cap on plug-in hybrids for each model year, with those having an electric range of at least 80 kilometers receiving equivalent value to battery-electric or fuel-cell vehicles. Plug-ins falling within the range of 35 to 79 kilometers can earn either full or partial credits, contingent on the model year and seating capacity.
Furthermore, the government’s strategy underscores that these regulations are geared towards fostering a more competitive EV market, ultimately making EVs more affordable for lower-income Canadians. A spokesperson highlighted the expectation that EV prices will align with conventional vehicles by the late 2020s and foresee a subsequent decrease in cost over the vehicle’s lifespan.
Parvasi Media Group