Canada has set a target of 20% for electric vehicles to constitute new car sales by next year and requires automakers to purchase regulatory credits if they fall short. However, during trade negotiations with the Trump administration, American automakers are pushing Canada to abandon its electric vehicle mandate, raising concerns about the feasibility of maintaining such goals. Additionally, Panasonic’s battery plant is not expected to run at full capacity soon due to Tesla's declining sales, while China’s export restrictions on rare earth materials are affecting Nissan's production plans.
Canada aims for electric vehicles to represent 20% of new car sales by next year, with regulatory credits for automakers who fail to meet this goal.
The U.S. administration is pressuring Canada to reconsider its electric vehicle ambitions during trade negotiations, posing a potential threat to Canada's EV goals.
Panasonic’s new battery plant in Kansas will not reach full capacity soon, correlating with a decline in Tesla's electric vehicle sales.
China's restrictions on exporting rare earth materials are affecting the production plans for the new Nissan Leaf, revealing international supply chain vulnerabilities.
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