Ottawa has scrapped its plan requiring automakers to sell emission-free cars as one-fifth of their inventory next year, bowing to industry pressure as businesses struggle with punitive duties from Washington. Mark Carney’s Liberal administration announced the reversal Friday, abandoning a key climate policy his predecessor Justin Trudeau had championed just two years earlier.
Canada’s policy shift to support automakers is in sharp contrast to the Trump administration’s direction which is actively hostile to the EV industry. Automakers like Bollinger Innovations, Inc. (NASDAQ: BINI) have been left blindsided by this…
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