In Canada, our target is that 100 per cent of all light duty cars and passenger truck sales be zero emission by 2035. As a great Canadian once said, that is where the puck is going and that is where we're going to be.
The surge in investment in EV technology comes as the industry faces challenges - growth forecasts have plateaued, charging infrastructure hasn't kept pace, and prices remain high, impacting consumer accessibility.
The biggest decline in Tesla's first-quarter revenue was seen since 2012, raising concerns. Elon Musk emphasized that companies slowing down EV production are making a strategic error, affirming EVs will dominate the market.
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