this post was submitted on 29 Aug 2024
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EV prices need to drop by one third if Canada wants to hit sales targets, says gov't report (www.ctvnews.ca)
submitted 3 months ago by [email protected] to c/[email protected]
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Unless policies or technologies change, the ownership cost of electric vehicles (EVs) needs to decrease by 31 per cent if Canada to wants to reach its sales target of 60 per cent EVs by 2030, according to a new report released Thursday by Parliamentary Budget Officer Yves Giroux.

Last December, the federal government unveiled its Electric Vehicle Availability Standard that outlined zero-emission vehicle sales targets for automakers. The standard requires all new light-duty sales in Canada to be electric or plug-in hybrid by 2035. There are also interim targets of at least 20 per cent of all sales being EVs by 2026 and 60 per cent by 2030.

Those federal government targets come as growth forecasts for auto companies have plateaued and concerns about charging infrastructure persist. The price of EVs has also pushed the cars out of reach for many consumers. According to the Canadian Black Book, the average cost of an EV was $73,000 in 2023.

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[–] [email protected] 3 points 3 months ago (1 children)

I don't think it would be detrimental, but try convincing the business owners that, try convincing the parts delivery owners that, try convincing the guy waiting on his furnace parts that 3 weeks an acceptable wait time, have fun firing the delivery driver.

We need a slower solution to transition. Get all those suburban commuters into an EV and let delivery vehicles use gas while we get better battery technology or heavily invest into rail again.

Canada used to harvest ice blocks from the lakes and ship them to tropical climates for ice boxs and whiskey on the rocks. People died on the ice, on the boats and everywhere in between. We have always been a ridiculous society that throws away a lot to cater to a few.