Canadian governments should back off on the prohibition of ICE light trucks in 2035. Read more.
The flip side to a ZEV mandate is a prohibition on the sale of ICE vehicles. A company has a steadily shrinking quota for the maximum number of ICE light vehicles it can sell in a year. If it sells more than its quota, it must either buy credits from another ZEV company, such as Tesla, or pay what is in effect a fine of $20,000 for each excess sale of an ICE vehicle.
Other jurisdictions have taken similar steps. In 2022, the EU mandated 100 per cent ZEVs by 2035. But it recently gave an exemption to ICE vehicles that use— very likely because, prodded by Germany, it realized there simply will not be enough ZEVs to supply all of demand in 2035. The U.S. EPA recently announced stringent limits on auto tailpipe pollution, aiming to ensure that as many as two-thirds of all new passenger vehicle sales are EVs by 2032. In response, the Wall Street Journal observed that vehicle manufacturers have ceased to be free enterprise operators and have been converted to regulated entities acting as a government tool to moderate climate change. Some even speculate that the Republican party will make ZEV mandates an issue in the 2024 election campaign.
In 2022, light vehicle sales in Canada consisted of 300,000 passenger cars and 1,250,000 light trucks, including pickups, SUVs, vans and crossover vehicles. Canadians have shown they want to buy light trucks 80 per cent of the time and passenger cars only 20 per cent. Of the 300,000 passenger cars sold in this country in 2022, 45,000 were EVs. If sales stay at 300,000, then to meet the
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