2023-12-19 17:37:58
To galvanize the sale of zero-emission vehicles (ZEVs) and ban the sale of gasoline vehicles by 2035, Ottawa is launching new incentives to convince the private sector to produce and sell more ZEVs, in addition to encouraging the installation charging stations.
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At the heart of the new plan unveiled Tuesday is an “early action credit” program that will incentivize companies to accelerate the sale of these vehicles from 2024 and 2025.
Those that exceed their target will receive excess credits, while those that lag behind “will generate a deficit,” said an official from Environment and Climate Change Canada (ECCC).
All credits can only be used until 2034, since by 2035 all new light vehicles put on sale in Canada will have to be electric.
In addition, businesses will be able to receive a credit of $20,000 for their fast charging projects, provided that the terminals are made compatible with all makes and models and that they have a charging power of 150 kilowatts.
Ottawa’s targets remain unchanged from those already announced in the past. The government wants zero-emission vehicles (ZEVs) to represent 20% of sales by 2026, 60% by 2030 before reaching 100% by 2035.
The climb back remains steep: last quarter, the sale of ZEVs in Canada represented 12.5% of sales, although this is an increase compared to 10% in the previous quarter.
The federal government estimates – according to various studies – that the price of electric vehicles should reach parity with gasoline vehicles by the end of the 2020s. The fleet of used ZEVs must also expand in the meantime, creating a more accessible market.
With incentives already in place, Quebec is the second province with the highest sales, at 22.8%, following British Columbia (26.4%).
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