Will Trudeau’s Electric Vehicle Mandate Endanger the Canadian Auto Industry? – Analysis by True North

In a detailed discussion, economist Ross McKitrick proposed that both governmental subsidies and mandates are a primary force behind the pushed production and adoption of electric vehicles (EVs). He suggests, however, that the elevated expenses could precipitate financial losses for car manufacturers. He specifically points to Canada’s 2035 goal, which mandates all new light-duty vehicles be electric or hybrid, as potentially causing significant long-term economic issues unless there is a substantial reduction in EV production costs. Ross McKitrick discussed these implications with Andrew Lawton from True North during an in-depth interview.