Prime Minister Mark Carney has unveiled a new strategy aimed at strengthening Canada’s auto industry and supporting the country’s transition to electric vehicles, as the sector grapples with the impact of U.S. tariffs and recent job losses. Announcing the plan Thursday at an auto plant in Toronto, Carney said Canada must prepare for a future with less reliance on the United States, noting that Washington’s approach to trade has changed.
The plan offers financial incentives for automakers to invest and build in Canada, along with a new tariff credit system to help companies offset U.S. levies on Canadian-made vehicles. Ottawa will also reintroduce EV purchase rebates and roll out tougher vehicle emissions standards, with the goal of electric vehicles making up 90 percent of new car sales by 2040.
At the same time, Carney confirmed that the government will scrap a previous EV sales mandate introduced under the former Prime Minister Justin Trudeau, arguing that the revised approach focuses on outcomes while easing pressure on the auto sector. The announcement comes as Canada works to diversify trade partnerships beyond the U.S. and stabilize an industry facing ongoing uncertainty.
(Source: BBC News )
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