Canadians got a jolt Tuesday when Ottawa released new electric-vehicle regulations. The move, called the “Electric Vehicle Availability Standard,” aims to dramatically accelerate EV sales. Meeting the standard will require EVs to constitute 20 per cent of new vehicles sold by 2026, 60 per cent by 2030 and 100 per cent by 2035. For reference, EV market share has been less than 10 per cent in recent years. But not complying with the proposed rule risks drawing the ire of regulators – along with potentially hefty fines.
