Prime Minister Justin Trudeau highlighted several key measures in the recently released budget to help Canadians adopt zero-emission vehicles.
Several measures in the Budget 2022: A plan to grow our economy and make life more affordable include:
- Build a national network of charging stations for electric vehicles supporting charging infrastructure in communities of all sizes through investments of $500 million from the Canada Infrastructure Bank as well as $400 million for the Zero-Emission Vehicle Infrastructure Program , towards our goal of adding 50,000 charging stations across the country.
- Helping more Canadians get behind the wheel of ZEV continuing to offer purchase incentives of up to $5,000 investing $1.7 billion to extend the zero-emission vehicle incentive program through March 2025 and expanding program eligibility to include more vehicle models.
- Making buying a ZEV easier through a new mandatory sell target so that when people go to buy a ZEV, there are options to sell in the field. At least 20% of all new passenger vehicles sold in Canada will be ZEVs by 2026, and at least 60% by 2030, on the way to 100% by 2035.
- Helping businesses transition to zero-emission medium and heavy-duty vehicles by investing $547.5 million to launch a new purchase incentive program.
- Positioning Canada as a world leader in critical minerals essential to the construction of ZEVs providing up to $3.8 billion for Canada’s first Critical Minerals Strategy.
“One of the best ways to reduce pollution is to have more clean cars on the road,” said Justin Trudeau, Prime Minister of Canada. “That’s why we’re making it easier and more affordable for Canadian families to purchase an electric vehicle on their next vehicle purchase. Our plan is also creating jobs and growing the economy by building these clean vehicles right here in Canada. This is just one example of how our plan will benefit the environment, the economy and families.
Budget 2022 and the recently published Emissions Reduction Plan 2030: Canada’s Next Steps Toward Clean Air and a Strong Economy will guarantee clean air and a strong economy. By putting Canadians in the driver’s seat of zero-emission cars and trucks, we’re helping people save on gas, while fighting climate change, growing our economy, and building a better future for all.
“One of the best ways to reduce pollution is to put more clean cars on the road. That’s why we’re making it easier and more affordable for Canadian families to buy an electric vehicle on their next car purchase. vehicle. Our plan is also creating jobs and growing the economy by building these clean vehicles right here in Canada. This is just one example of how our plan will benefit the environment, the economy and families.
The Government of Canada recently released the Emissions Reduction Plan 2030: Canada’s Next Steps Toward Clean Air and a Strong Economy, a sector-by-sector approach for Canada to meet its new climate target of reducing emissions by at least 40% below 2005 levels by 2030, and to put us on track towards our goal of reaching zero emissions by 2050. As of March 31, 2022, the Incentives for Zero-Emission Vehicles program has helped Canadians buy or lease more than 141,000 new ZEVs.
“Road transportation accounts for 20% of Canada’s greenhouse gas emissions. Reducing this number will be essential to our fight against climate change, and by making it more affordable for Canadians to get behind the wheel of a zero-emission vehicle and helping to build the charging infrastructure they can rely on, the Budget 2022 will do just that,” said Chrystia Freeland, Deputy Prime Minister and Minister of Finance.
As of April 11, 2022, the Government of Canada announced several investments to help the automotive sector retool to produce electric vehicles in Canada through the Strategic Innovation Fund.