Canada Commits $1.2 Billion Under New EV Availability Standard

As per the new EV Availability Standard, Canada plans to install 84,500 chargers by 2029 which will boost the charging infrastructure immensely.

In a bid to promote and enable mass EV adoption, the Government of Canada announces the new EV Availability Standard. Steven Guilbeault, the Minister of Environment and Climate Change, has revealed a standard designed to guarantee an uninterrupted availability of zero-emission vehicles, aligning with the national objective of achieving 100% zero-emission vehicle sales by 2035.

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Canada EV Availability Standard

In order to break down such an arduous task into more achievable goals, the implementation will follow a step-wise approach. The initiative has set interim goals – 20% of vehicle sales by 2026 and 60% by 2030. It aims to increase the availability of EVs in Canada, cutting wait times and ensuring access to the latest models. This standard aligns with global efforts to cut emissions and promote EV usage, as seen in the United States, the United Kingdom, and the European Union.

Huge Investment Plans To Setup Charging Infrastructure

We know that the lack of charging infrastructure is a major bottleneck in the mass adoption of electric cars across the globe. Experts highlight that, with federal and provincial incentives, EVs offer long-term affordability, resulting in substantial savings compared to traditional gas-powered vehicles, according to the Canadian government.

To aid the shift to electric transportation, the government is investing $1.2 billion to set up 84,500 chargers by 2029. This complements private and provincial initiatives to expand the charging network. The government’s investment in EV production and battery supply chains is set to generate numerous jobs in a modern automotive supply chain.

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Learn Electric Cars Says

We are witnessing various governments across the globe, offering incentives and heavy investments in developing charging infrastructure for EVs. Additionally, there are new policies in place to make a transition out of coal-burning sources of energy. That is why it becomes necessary to ensure that the energy needed to power electric mobility should also stem from renewable sources.

It will ensure an actual reduction in carbon footprint from automobiles. Hence, measures and investments like these are unequivocal signs of what’s coming in the next decade. We shall have to keep a close eye on further developments in this field.