Automakers are warning they could be on the hook for billions of dollars in credit purchases if Canada’s electric vehicle mandate is enforced as written, and sales don’t ramp up.
Speaking to a Parliamentary committee on Thursday, the head of the Canadian organization representing Ford, General Motors and Stellantis said automakers already have deals lined up with companies like Tesla to buy credits to close expected sales deficits, which could cost the industry more than $3 billion by 2030.
