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This is not good for the Liberal Party. Stellantis and LG Energy Solution plan to invest over $5 billion CAD ($4.1 billion USD) to build the 4.5-million-square-foot plant at Banwell Road, EC Row Avenue and the CPR railway tracks to the south. What will this mean to the Industry?

EV Rebates Stalled: Canada Falls Short of EV Sales Targets

Canada's ambitious push toward an electric vehicle (EV) future is hitting significant roadblocks. As reports emerge of stalled EV rebate programs and sales far below national targets, questions are mounting about whether the country’s transition to a greener economy is on track—or faltering.

The Rebate Roadblock

EV rebates, offered to incentivize consumers to choose electric over traditional gas-powered vehicles, have been a cornerstone of Canada's strategy to meet its climate goals. However, these programs have faced delays and funding constraints, leaving potential buyers in limbo. Some provinces, including Ontario, have scaled back or eliminated their rebate programs entirely in past years, further complicating the nationwide effort.

• Federal Rebates: Canada’s federal iZEV (Incentives for Zero-Emission Vehicles) program offers up to $5,000 for eligible EV purchases, but bureaucratic delays and slow funding renewals have hindered its reach.
• Provincial Disparities: Provinces like Quebec and British Columbia have robust EV rebate programs, but others, such as Alberta, lack similar incentives, creating an uneven playing field.

Without reliable and substantial rebates, the upfront cost of EVs remains a significant barrier for many Canadians, despite the promise of lower operational costs over time.

EV Sales Lagging Behind

Canada has set an ambitious target: 60% of new car sales to be electric by 2030, ramping up to 100% by 2035. However, current sales figures suggest the country is far from meeting these goals.

• Market Share: In 2023, EVs accounted for only about 8-10% of new vehicle sales in Canada, a significant shortfall from the trajectory required to hit 2030 targets.
• Infrastructure Gaps: Many Canadians cite insufficient charging infrastructure as a reason for hesitating to buy EVs. Rural areas, in particular, lack the charging network needed to support widespread adoption.
• Cost Concerns: Even with rebates, EVs remain more expensive than many internal combustion engine vehicles, making them inaccessible for middle- and lower-income families.

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