Ottawa To Reportedly Launch EV Sales Policy Review Amid Tariffs

Canada will reportedly launch a regulatory review on the 2026 EV sales mandate that could lead to the scrapping of said initiative.

CTV News reports Prime Minister Mark Carney and key ministers will unveil a suite of sector-based measures Friday to boost competitiveness and support industries hit by tariffs, with multiple sources saying a review of at least some aspects of the EV mandates is under consideration.

The sources stressed no final decision had been made as of Thursday evening.

Carney’s cabinet met north of Toronto this week ahead of the announcement. He spoke with President Donald Trump on Monday and cautioned there would be no immediate breakthrough on US tariffs covering steel, aluminum, copper, and autos, as the economy contracted 1.6% in Q2.

The EV mandates—alongside clean fuel regulations—were pillars of the previous government’s climate policy and frequent targets for critics who argue they hurt competitiveness. Sources told CTV the broader policy slate under discussion also includes the oil-and-gas emissions cap and Bill C-69’s impact-assessment process.

Friday’s package is also expected to feature changes to federal loan programs for tariff-impacted businesses, a new “Buy Canada” plan, support for canola producers, and a push to expand exports to non-US markets by 2030—context for how any EV mandate changes would be positioned inside a competitiveness agenda.


Information for this story was found via CTV News and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Silver Needs to Slow Down to Go Higher | Dan Dickson – Endeavour Silver

Silver Dips Are Getting Bought, This Is How Breakouts Start | John Feneck

Why $100 Silver Right Now Would Be a Problem | Keith Neumeyer – First Majestic

Recommended

Antimony Resources Planning 10,000 Metre Drill Program For H1 2026

Canadian Copper Closes On Sale Of Turgeon Project In New Brunswick For Cash And Shares

Related News

GM and Samsung SDI Partner for $3 Billion EV Battery Plant in Indiana

General Motors (NYSE: GM) and Samsung SDI have announced plans to construct a new EV...

Wednesday, June 14, 2023, 06:21:00 AM

Start-Up EV Maker Rivian May Be Worth Significantly More Than Lucid Group

In light of the Lucid Group, Inc.’s (NASDAQ: LCID) share performance last week to news...

Wednesday, November 3, 2021, 03:36:00 PM

New Energy Vehicles Slated To Make Up 20% Of China’s Car Sales By 2025, Adding Further Pressure On EV Makers Including Tesla

It appears that the global EV market is not going to contract anytime soon, as...

Saturday, November 7, 2020, 04:09:00 PM

First Cobalt: New Battery Technology Could Negatively Impact Cobalt Miners

Along with other cobalt miners, First Cobalt Corp. (TSXV: FCC) faces a fundamental risk related...

Tuesday, November 3, 2020, 12:51:00 PM

Magna International Partners With Israeli Startup REE to Produce Modular EVs

Canadian mobility technology company Magna International Inc has announced it will be collaborating with Israeli-based...

Tuesday, April 13, 2021, 03:57:00 PM