Canada Halts EV Incentive Programs
This is a Quebec news story, published by financialpost, that relates primarily to Donald Trump news.
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EV incentives programsfinancialpost
•Technology
Technology
EV transition runs into more trouble as Transport Canada abruptly pauses rebate program
75% Informative
Incentives for Zero-Emission Vehicles (iZEV) Program “incented” more than 546,000 vehicle sales, Transport Canada says.
The federal program was scheduled to expire in March 2025 or until funds ran out.
Quebec announced in December it would temporarily suspend its rebate program in February .
Donald Trump , who becomes president of the United States next week , has also said he plans to scrap tax credits that provide up to US$7,500 on EV purchases.
2025 is already proving challenging for the North American auto sector after the shift toward EVs failed to meet expectations last year .
Analyst: 2025 is expected to see a re-acceleration of adoption, though at a slower pace.
“There has been a notable slowdown in adoption in the U.S. , China , and Europe ,” she said in a note.
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