Top 10 Automotive Stories of 2023
ZEV Mandates to Come Into Effect
Canada took action to improve the availability of new electric vehicles across the country. On December 19, the governement announced it has finalized its new Electric Vehicle Availability Standard (EVAS) to increase the supply of clean, zero-emission vehicles available to Canadians across the country.
The EVAS will ensure that Canada can achieve a national target of 100 percent zero-emission vehicle sales by 2035. Interim targets of at least 20 percent of all sales by 2026 and at least 60 percent by 2030 (unchanged from the targets proposed a year earlier) will hopefully channel supply to Canadian markets instead of going abroad, reducing customer wait times.
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Automakers and vehicle importers that don't meet the sales targets will face monetary penalties. Those that are in a credit-deficit situation will be able to purchase credits from other automakers.