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Canada’s EV Mandate Could Benefit Tesla Despite Past Tensions
Canada’s EV Mandate Could Benefit Tesla Despite Past Tensions
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BTCCSquare news:
Canada's electric vehicle (EV) mandate is poised to funnel more revenue toward Tesla, marking an ironic twist in the strained relationship between the automaker and the Canadian government. The mandate requires automakers to ensure a rising percentage of zero-emission vehicle sales, starting at 27% in 2027 and reaching 100% by 2035.
Despite past friction over subsidy disputes and political tensions involving CEO Elon Musk, Tesla stands to gain as one of the dominant players in the EV market. The phase-out of consumer rebates in early 2024 has slowed adoption, but the mandate could force automakers to prioritize EVs—potentially driving sales toward Tesla's established lineup.
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