Better EV Policies Could Jump-Start $110 Billion in Canadian GDP – The Energy Mix
“Across the world, automakers are investing billions of dollars to accelerate the deployment of an increasingly diverse mix of electric vehicles to the market,” ICCT Canada lead Ben Sharpe and Équiterre transportation researcher Jessie Pelchat write for Policy Options. Such a surge in investment owes significantly to ambitious policy-making—a lesson that Canada, a global laggard in domestic support for the EV industry, would do well to heed.
“Canada produces roughly two million cars and light trucks per year and holds a prominent share of global vehicle production,” they write. But the country “is quickly falling behind other countries in transitioning to electric vehicle manufacturing.” At only 0.5% of domestic vehicle production, the Canadian EV manufacturing industry sits at “more than 80% less than the global average of nearly 3%.”