Carney scraps Canada EV sales mandate, but earmarks funds to aid transition

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illuminem summarises for you the essential news of the day. Read the full piece on France24 or enjoy below:

🗞️ Driving the news: Canadian Prime Minister Mark Carney has reversed a key climate policy by scrapping a mandate for all vehicles sold in Canada to be electric by 2035
• While backing away from the aggressive climate measures of his predecessor, Justin Trudeau, Carney unveiled a multi-billion-dollar plan to support the electric vehicle (EV) industry amidst US tariffs affecting Canada’s auto sector

🔭 The context: This policy shift is seen as a move to bolster Canada’s auto industry, aiming for 75% EV sales by 2035 and 90% by 2040
• It follows broader changes in Carney’s climate stance, including the rollback of carbon taxes and the approval of a controversial oil pipeline, both drawing criticism from environmental groups

🌍 Why it matters for the planet: The shift to EV production and Carney’s investment in the sector highlights a transition in Canada's industrial strategy
• It is a crucial step to balancing environmental goals with economic protectionism and trade concerns

⏭️ What’s next: This policy could reshape Canada’s role in the global EV market while navigating the complexities of its North American trade relationship

💬 One quote: “There’s no greater symbol of how closely the Canadian and American economies have been intertwined than automobiles.” – Prime Minister Mark Carney

📈 One stat: Carney’s new plan allocates CAN$3 billion ($2.2 billion) to support the EV production transition

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