๐ Let It Roll: The Government Of Canada Moves To Increase The Supply Of Electric Vehicles For Canadians
Wednesday, 21 December 2022 06:22.PM
Electric vehicles not only help keep our air clean, they can help families save money on monthly bills, too. Rising and unpredictable world oil prices and the growing desire by Canadians to lower their environmental footprint has more households and businesses looking to get off the gasoline and diesel roller-coaster by making the switch to zero-emission vehicles (ZEVs). When Canadians go to buy a new car, the Government of Canada is taking action to put more ZEVs on the roads.
Today, the Honourable Steven Guilbeault, Minister of Environment and Climate Change, announced that the Government of Canada has published proposed regulations that set ZEV sales targets for manufacturers and importers of new passenger cars, SUVs, and pickup trucks. The regulations will require that at least 20 percent of new vehicles sold in Canada will be zero emission by 2026, at least 60 percent by 2030, and 100 percent by 2035. These targets will help increase supply so that more Canadians who want a ZEV can buy one.
In addition to making sure there are more ZEVs to buy, the Government also announced the following investments to make buying and charging an electric vehicle (EV) easier for Canadians:
โข Invested in 50,000 more EV charging stations across the country, for almost 85,000 federally-funded chargers across Canada by 2027. This is in addition to charging stations supported by provincial governments and the private sector.
โข Renewed the program that provides Canadians up to $5,000, and businesses up to $10,000, toward the cost of buying or leasing a ZEV. Over 180,000 individuals and businesses have taken advantage of this program to date.
โข Making historic investments in EV manufacturing in Canada, which will mean made-in-Canada ZEVs by Canadian auto workers and for Canadian drivers to buy.
The evidence from Quebec, British Columbia, and other jurisdictions with ZEV sales targets in place is clear: when combined with supportive investments, a zero-emission vehicle sales target accelerates the transition to clean cars and trucks. It also provides certainty to the private sector to support investments in charging infrastructure. With today's proposed regulations, Canada joins jurisdictions such as the European Union, the United Kingdom, and several American states, including California.
The shift to zero-emission vehicles is good for our workers; for our automotive, battery, and mining supply chains; and for our economy, creating jobs and prosperity for generations of workers to come. The shift is good for our environment, keeping our air clean.
Canadians are invited to submit their feedback on the proposed regulations during the 75-day consultation period. Final regulations are expected to be published in 2023.
"Zero-emission vehicles are where the rubber hits the road for cost-conscious Canadians who want to help the environment while getting off the roller-coaster of high gasoline prices. With Canada's deep experience in auto-parts manufacturing, vehicle assembly, and with all of the critical minerals needed for batteries found here, Canada is well positioned to be a leader in making the vehicles that the world is looking to drive. With ZEVs, we can cut pollution, create jobs, and make life more affordable for families across the country."
โ The Honourable Steven Guilbeault, Minister of Environment and Climate Change
Quick facts
โข Federal funding includes $900 million through the 2030 Emissions Reduction Plan, including $500 million for the Canada Infrastructure Bank, to build 50,000 more charging stations, adding to the $1 billion the Government of Canada has invested since 2016.
โข Budget 2022 provided $1.7 billion for a renewed ZEV purchasing- or leasing-incentive program until March 2025.
โข Automakers have made it clear that the transition to electric vehicles is now firmly underway. Many have set their own ZEV sales targets. According to Statistics Canada, the share of new registration of light-duty ZEVs in Canada was 2.9 percent in 2019, 3.5 percent in 2020, and 5.2 percent in 2021, amounting to 85,000 vehicles. In the first half of 2022, 7.2 percent of new light-duty vehicles sold were ZEVs.
โข From 2026 to 2050, Canada's proposed ZEV sales targets are estimated to save vehicle owners $33.9 billion in net energy costs, with incremental vehicle and home charger costs of $24.5 billion.
โข The cumulative greenhouse gas emission reductions from 2026 to 2050 from the proposed ZEV sale targets are estimated to be 430 million tonnes, valued at $19.2 billion in avoided global damages.
-
Related materials:
- 09-Oct-2024 06:51 PM ๐จ๐ฆ๐๐ต Governments Investing to Improve Ontario Farmland
- 09-Oct-2024 12:00 PM ONTARIO ๐ตโ๏ธ Ontario Connecting One Million More Women to Life-Saving Breast Cancer Screening
- 09-Oct-2024 08:00 AM ONTARIO ๐๐ต Ontario Investing in Transportation for Rural Communities
- 08-Oct-2024 10:21 AM ๐จ๐ฆ๐๐ต ๐ง๐ Governments Investing in Initiatives to Attract and Retain Agri-Food Labour ๐งโ๐พ
- 07-Oct-2024 10:38 AM โ๏ธ๐ตONTARIO Ontario Expanding Access to Mental Health Services
- 01-Oct-2024 12:00 PM ๐จ๐ฆ๐๐ต Government of Canada Announces Contract Award for Maintenance of Leopard 2 Tanks
- 01-Oct-2024 10:23 AM ๐จ๐ฆ๐๐ต Government of Canada Partners With Mila to Guide The Development of a Cultural Data Strategy for Artificial Intelligence
- 25-Sep-2024 10:06 AM ๐จ๐ฆ๐๐ต Only 18% of Business Owners Would Advise Someone to Start a Business Right Now: Government Must Do More to Address Rising Small Business Costs
- 21-Sep-2024 04:23 PM ๐จ๐ฆ๐๐ต Governments Investing in Innovation to Strengthen Ontarioโs Agri-Food Sector ๐๐ฎ
- 21-Sep-2024 12:00 PM ONTARIO ๐ง๐๐ต Ontario Building Training Centre for 50,000 New Construction Workers ๐ทโโ๏ธ๐๏ธ