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.
Sponsored · Altamira Gold Corp.
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.
