Canada ranked 13 out of 14 countries, compared to eighth last year, in the latest EV Readiness Index. Read more.
The country ranked 13 out of 14 countries, compared to eighth last year, in the latest EV Readiness Index, an annual analysis conducted by global accounting firm EY that assesses nations based on their supply, demand and policies for EVs. China, which operates more than half of the world’s large-scale EV battery factories, ranked No. 1.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
The demand for EVs, which require batteries sourced from critical minerals such as lithium, has increased in recent years as the world tries to decarbonize. Canada, which is rich in battery metals and allocated a record $3.8 billion in its 2022 federal budget to create a steady flow of them, is looking to build an industry to take advantage.in the United States, which provides tax credits for EVs that either source their critical minerals from North America or are assembled in the region.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CHARLEBOIS: Beer sales unexpectedly plunge 7.3% across CanadaTotal beer sales have dropped 7.3% from last year, according to Beer Canada.
Read more »
Eric Nuttall: Stop dithering, Canada, and give the world what it wants — more natural gasICYMI: Stop dithering, Canada, and give the world what it wants — more natural gas — via financialpost Oil Gas Energy Commodities
Read more »
Brianne Jenner leads Canada to women's world hockey goldCanada defended its title with a 2\u002D1 win over the United States in the women’s world hockey championship final Sunday.
Read more »
Recent Suncor fatalities ‘devastating’ for survivors of other workplace tragedies – Terrace StandardRecent Suncor fatalities ‘devastating’ for survivors of other workplace tragedies
Read more »
Eric Nuttall: Stop dithering, Canada, and give the world what it wants — more natural gasCanada is an energy powerhouse with the ability to satisfy much of the world’s growing energy needs, writes Eric Nuttall. Read more
Read more »
Posthaste: Bank of Canada could put rate hikes on pause after September, CIBC saysCIBC team suspects \u0027narrative shift is coming\u0027 after an expected 75\u002Dbasis\u002Dpoint increase on Sept. 7
Read more »