Canada's electric car rebate program pauses due to funding depletion, threatening EV sales targets.

Canada's federal zero-emission vehicle (ZEV) rebate program, which has helped sell almost 700,000 electric vehicles since 2019, is pausing due to depleted funds. The program, set to end March 31, 2025, aimed to boost EV sales by reducing upfront costs. With funds running out, concerns arise over higher costs for electric vehicles and potential impacts on the automotive industry and Canada's climate goals. The pause could affect the country's target of reaching 20% ZEV sales by 2026.

2 months ago
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