Summary
Canada announced it will not require 20% of new vehicles sold next year to be emissions-free. This decision is part of a plan to support automakers affected by U.S. tariffs. Prime Minister Mark Carney outlined additional measures to help various sectors facing economic challenges due to these tariffs.
Key Facts
- Canada will waive the 20% emissions-free vehicle sales rule for next year.
- This decision aims to help automakers impacted by U.S. tariffs.
- The original target was set in 2023 by former Prime Minister Justin Trudeau.
- Prime Minister Mark Carney announced additional measures to aid affected industries.
- A 60-day review will be conducted to reduce costs linked to the emissions-free vehicle sales requirement.
- A new fund of $5 billion Canadian dollars will support various sectors affected by tariffs.
- The Canadian Vehicle Manufacturers’ Association supports the move, citing high costs of mandates.
- Carney did not specify new aid for the steel and aluminum sectors but mentioned existing funds could be used.
