this post was submitted on 29 Aug 2024
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EV prices need to drop by one third if Canada wants to hit sales targets, says gov't report (www.ctvnews.ca)
submitted 2 weeks ago by [email protected] to c/[email protected]
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Unless policies or technologies change, the ownership cost of electric vehicles (EVs) needs to decrease by 31 per cent if Canada to wants to reach its sales target of 60 per cent EVs by 2030, according to a new report released Thursday by Parliamentary Budget Officer Yves Giroux.

Last December, the federal government unveiled its Electric Vehicle Availability Standard that outlined zero-emission vehicle sales targets for automakers. The standard requires all new light-duty sales in Canada to be electric or plug-in hybrid by 2035. There are also interim targets of at least 20 per cent of all sales being EVs by 2026 and 60 per cent by 2030.

Those federal government targets come as growth forecasts for auto companies have plateaued and concerns about charging infrastructure persist. The price of EVs has also pushed the cars out of reach for many consumers. According to the Canadian Black Book, the average cost of an EV was $73,000 in 2023.

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[–] [email protected] -1 points 2 weeks ago (2 children)

But like most companies manufacture their stuff in China... so it's always China, sometimes with extra steps.

And while it may be worse there, the literal billions EU/US car manufacturers received and pocketed instead of supporting their own business makes me want to support them even less.

[–] [email protected] 1 points 2 weeks ago (1 children)

There has been a massive move away from China. They are still a major force but the West and China are moving apart. The vehicle tariffs are just an example of that.

I would not be surprised to see Tesla factories in Mexico. Chinese manufacturing is increasingly domestic and regional.

[–] [email protected] 1 points 2 weeks ago

God forbid they actually pay people fair wage and manufacture at home.

[–] [email protected] 1 points 2 weeks ago

To your first point: Yes, and decreasing reliance on China would be exactly how we could start to counteract that. I think we're agreeing with each other there.

As far as EU/US manufacturers behaving badly... I don't know enough about that situation to really comment intelligibly, but yeah that also sounds bad.