Canadian auto companies achieved record sales of electric vehicles (EVs) in the first nine months of the previous year, with 90,163 zero-emission vehicles sold, constituting 7.7% of total vehicle registrations. This marked a significant increase from 5% in 2021 and 3.3% in 2020. Despite this progress, the country needs to nearly double its annual EV sales within the next three years to meet the new national mandate set by Environment Minister Steven Guilbeault under the Canadian Environmental Protection Act.
The final rules mandate that manufacturers, not dealerships, must ensure a minimum percentage of vehicles they import or offer for sale in Canada are zero-emission vehicles (ZEVs). The draft regulations propose assigning credits based on the type of EV, with fully electric vehicles earning one credit and plug-in hybrids receiving credits based on their range. After 2026, plug-in hybrids with a range under 50 kilometers won't qualify for credits, and after 2028, only those with a range above 80 kilometers will qualify. The mandate aims to encourage the availability and affordability of EVs in Canada, with proponents highlighting the cost savings associated with electricity over gas and lower maintenance fees. However, challenges include the need for increased rebates and expanded vehicle charging infrastructure. Quebec and British Columbia, already with EV mandates, lead in EV sales, surpassing 20% in the third quarter of 2023.
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