Canada Drops 2035 Gasoline Car Ban
Market Intelligence Analysis
AI-PoweredCanada is removing its 2035 ban on internal combustion engine cars and instead introducing new fuel efficiency standards and subsidies for electric vehicle purchases, worth up to C$5,000 per car.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
The government of Mark Carney will remove a 2035 internal combustion engine car ban and instead boost incentives for electric vehicle purchases, media are reporting ahead of the formal announcement of a new automotive strategy later today. CTV cited unnamed sources from the government and car industry as saying that the Carney government will replace the ICE car ban with new - and likely tighter - fuel efficiency standards coupled with subsidies for EV buyers in the form of tax relief, to the tune of C$5,000, or $3,660, per car. The government…
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