- Canada is bidding adieu to gas-powered vehicles as Environment Minister Steven Guilbeault finalizes new regulations to replace them with zero-emission vehicles by 2035, potentially lifting related stocks
- Only about one in 10 new Canadian vehicle registrations in 2023 have been electric, with a total of 26.3 million total vehicles registered in 2022
- Stocks poised to benefit from the transition are active in mining, automotive and battery technology
Canada is bidding adieu to gas-powered vehicles as Environment Minister Steven Guilbeault finalizes new regulations to replace them with zero-emission vehicles by 2035, potentially lifting related stocks.
Automakers will have to gradually increase electric vehicle (EV) production each year, delivering on a promise from the Liberals made more than two years ago.
By 2026, automakers must ensure that 20 per cent of vehicles on the Canadian market are battery electric…
