this post was submitted on 29 Aug 2024
127 points (100.0% liked)

Canada

7273 readers
446 users here now

What's going on Canada?

Related Communities

🍁 Meta

πŸ—ΊοΈ Provinces / Territories

πŸ™οΈ Cities / Local Communities

Sorted alphabetically by city name.

πŸ’ SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer

πŸ’» Schools / Universities

Sorted by province, then by total full-time enrolment.

πŸ’΅ Finance, Shopping, Sales

πŸ—£οΈ Politics

🍁 Social / Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca

founded 4 years ago
MODERATORS
[email protected]
127
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]
96 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] msage 0 points 3 months ago (2 children)

But like most companies manufacture their stuff in China... so it's always China, sometimes with extra steps.

And while it may be worse there, the literal billions EU/US car manufacturers received and pocketed instead of supporting their own business makes me want to support them even less.

[–] LeFantome 2 points 3 months ago (1 children)

There has been a massive move away from China. They are still a major force but the West and China are moving apart. The vehicle tariffs are just an example of that.

I would not be surprised to see Tesla factories in Mexico. Chinese manufacturing is increasingly domestic and regional.

[–] msage 3 points 3 months ago

God forbid they actually pay people fair wage and manufacture at home.

[–] [email protected] 1 points 3 months ago

To your first point: Yes, and decreasing reliance on China would be exactly how we could start to counteract that. I think we're agreeing with each other there.

As far as EU/US manufacturers behaving badly... I don't know enough about that situation to really comment intelligibly, but yeah that also sounds bad.