Canada has joined the ranks of countries that have set deadlines for banning the sale of vehicles with internal combustion engines. The government’s emission reduction plan calls for all new passenger cars to be zero-emission vehicles by 2035.
The milestones look like this: by 2026, the share of cars with zero emissions in total sales should be at least 20%, and by 2030 – at least 60%.

The state is also offering about $1.36 billion to expand incentives to buy electric cars and other zero-emission vehicles. The current federal program offers up to $4,010 rebate on qualifying electric, plug-in hybrid, and hydrogen fuel cell vehicles.
The broader plan is to reduce emissions by 40-45% by 2030 compared to 2005 levels and reach zero levels by 2050. It includes funds to support projects in the field of renewable energy sources, the reduction of emissions from the oil industry and the development of “natural climate solutions”.
In 2021, 1.64 million new passenger cars were sold in Canada.
Source: ixbt

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.