Automotive
Federal government should face facts—the EV transition is failing
From the Fraser Institute
” public charging infrastructure isn’t keeping pace with predicted consumer adoption of EVs, and as noted in a recent study published by the Fraser Institute, targets for consumer adoption of EVs are out of sync with historical timelines for the development of metals needed to make them “
A series of recent headlines in the Wall Street Journal reveal the extent to which government plans in Canada and the United States, to transition surface transportation from internal combustion to battery-electric power, are already showing signs of failure. “Ford Cuts Lightning Output in Latest Sign of EV Downshift,” reads one article while the editorial page says “The EV Backlash Builds: Companies cut output amid flagging demand” and “The Electric Vehicle Push Runs Out of Power.”
And there’s evidence the electric vehicle (EV) transition is also stalling in other countries. In Germany, EV sales are in freefall as the cash-strapped government tapers off subsidies for EVs. Battery EV registrations dropped 29 per cent from the previous year while plug-in hybrid registrations dropped 35 per cent year-over-year.
Manufacturers are also pulling back from the EV market. Recently, only a year after announcing a US$5 billion joint venture between GM and Honda to develop affordable EVs, the two auto giants pulled the plug on the venture. Even in China, which planned to be the world’s dominant supplier of EVs and batteries, is finding the transition hard to sustain. As Bloomberg reports, “China’s Abandoned, Obsolete Electric Cars Are Piling Up in Cities.” The subhead of the article explains, “A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.”
All of this should trouble the Trudeau government, which mandated that all new light-duty vehicles sold in Canada be EVs by 2035 and has poured taxpayer dollars into the predicted future EV and battery production industry. For example, $28 billion for two EV battery plants (Stellantis-LG and Volkswagen), $2.7 billion for a new battery manufacturing plant in Montreal (which will also get $4.6 billion in production incentives with one-third coming from Quebec), and $640 million for a new Ford electric vehicle factory (also in Quebec). Government has made other smaller investments in rare earth mining and refining to incentivize production of the metals needed to make EV batteries. And of course, all this “investment” government comes atop consumer incentives to convince people to buy EVs. The federal government offers incentives up to $5,000 for the purchase of light-duty vehicles, and up to $2,000 for medium-heavy duty vehicles. Seven Canadian provinces offer additional subsidies.
Clearly, the Trudeau government is betting heavily, with the limited resources of Canadian taxpayers, on an EV future that increasingly looks unlikely to happen. Governments around the world are running out of money to subsidize EVs, consumers are increasingly reluctant to buy EVs, public charging infrastructure isn’t keeping pace with predicted consumer adoption of EVs, and as noted in a recent study published by the Fraser Institute, targets for consumer adoption of EVs are out of sync with historical timelines for the development of metals needed to make them, insuring a bottleneck situation in the not-too-distant future.
In fact, to meet international EV adoption pledges, the world would need 50 new lithium mines by 2030, along with 60 new nickel mines and 17 new cobalt mines. The materials needed for cathode production will require 50 more new mines, and another 40 new mines for anode materials. The battery cells will require 90 new mines, and EVs themselves another 81. In total, this adds up to 388 new mines. For context, as of 2021, there were only 270 metal mines operating in the U.S. and only 70 in Canada. And mine development timelines are long—lithium timelines, for example, are approximately six to nine years, while production timelines (from application to production) for nickel are approximately 13 to 18 years.
The writing is on the wall. The Trudeau government should reconsider the reckless gambling with taxpayer money that its EV agenda represents. It should withdraw the “investments” where it can, and reconsider the country’s 2035 all-EV mandate. These all look increasingly like bad bets, with Canadian taxpayers being the ultimate losers.
Author:
Automotive
The high price of green virtue
By Jerome Gessaroli for Inside Policy
Reducing transportation emissions is a worthy goal, but policy must be guided by evidence, not ideology.
In the next few years, the average new vehicle in British Columbia could reach $80,000, not because of inflation, but largely because of provincial and federal climate policy. By forcing zero-emission-vehicle (ZEV) targets faster than the market can afford, both governments risk turning climate ambition into an affordability crisis.
EVs are part of the solution, but mandates that outpace market acceptance risk creating real-world challenges, ranging from cold-weather travel to sparse rural charging to the cost and inconvenience for drivers without home charging. As Victoria and Ottawa review their ZEV policies, the goal is to match ambition with evidence.
Introduced in 2019, BC’s mandate was meant to accelerate electrification and cut emissions from light-duty vehicles. In 2023, however, it became far more stringent, setting the most aggressive ZEV targets in North America. What began as a plan to boost ZEV adoption has now become policy orthodoxy. By 2030, automakers must ensure that 90 per cent of new light-duty vehicles sold in BC are zero-emission, regardless of what consumers want or can afford. The evidence suggests this approach is out of step with market realities.
The province isn’t alone in pursuing EV mandates, but its pace is unmatched. British Columbia, Quebec, and the federal government are the only ones in Canada with such rules. BC’s targets rise much faster than California’s, the jurisdiction that usually sets the bar on green-vehicle policy, though all have the same goal of making every new vehicle zero-emission by 2035.
According to Canadian Black Book, 2025 model EVs are about $17,800 more expensive than gas-powered vehicles. However, ever since Ottawa and BC removed EV purchase incentives, sales have fallen and have not yet recovered. Actual demand in BC sits near 16 per cent of new vehicle sales, well below the 26 per cent mandate for 2026. To close that gap, automakers may have to pay steep penalties or cut back on gas-vehicle sales to meet government goals.
The mandate also allows domestic automakers to meet their targets by purchasing credits from companies, such as Tesla, which hold surplus credits, transferring millions of dollars out of the country simply to comply with provincial rules. But even that workaround is not sustainable. As both federal and provincial mandates tighten, credit supplies will shrink and costs will rise, leaving automakers more likely to limit gas-vehicle sales.
It may be climate policy in intent, but in reality, it acts like a luxury tax on mobility. Higher new-vehicle prices are pushing consumers toward used cars, inflating second-hand prices, and keeping older, higher-emitting vehicles on the road longer. Lower-income and rural households are hit hardest, a perverse outcome for a policy meant to reduce emissions.
Infrastructure is another obstacle. Charging-station expansion and grid upgrades remain far behind what is needed to support mass electrification. Estimates suggest powering BC’s future EV fleet alone could require the electricity output of almost two additional Site C dams by 2040. In rural and northern regions, where distances are long and winters are harsh, drivers are understandably reluctant to switch. Beyond infrastructure, changing market and policy conditions now pose additional risks to Canada’s EV goals.
Major automakers have delayed or cancelled new EV models and battery-plant investments. The United States has scaled back or reversed federal and state EV targets and reoriented subsidies toward domestic manufacturing. These shifts are likely to slow EV model availability and investment across North America, pushing both British Columbia and Ottawa to reconsider how realistic their own targets are in more challenging market conditions.
Meanwhile, many Canadians are feeling the strain of record living costs. Recent polling by Abacus Data and Ipsos shows that most Canadians view rising living costs as the country’s most pressing challenge, with many saying the situation is worsening. In that climate, pressing ahead with aggressive mandates despite affordability concerns appears driven more by green ideology than by evidence. Consumers are not rejecting EVs. They are rejecting unrealistic timelines and unaffordable expectations.
Reducing transportation emissions is a worthy goal, but policy must be guided by evidence, not ideology. When targets become detached from real-world conditions, ideology replaces judgment. Pushing too hard risks backlash that can undo the very progress we are trying to achieve.
Neither British Columbia nor the federal government needs to abandon its clean-transportation objectives, but both need to adjust them. That means setting targets that match realistic adoption rates, as EVs become more affordable and capable, and allowing more flexible compliance based on emissions reductions rather than vehicle type. In simple terms, the goal should be cutting emissions, not forcing people to buy a specific type of car. These steps would align ambition with reality and ensure that environmental progress strengthens, rather than undermines, public trust.
With both Ottawa and Victoria reviewing their EV mandates, their next moves will show whether Canadian climate policy is driven by evidence or by ideology. Adjusting targets to reflect real-world affordability and adoption rates would signal pragmatism and strengthen public trust in the country’s clean-energy transition.
Jerome Gessaroli is a senior fellow at the Macdonald-Laurier Institute and leads the Sound Economic Policy Project at the BC Institute of British Columbia
Automotive
Elon Musk Poised To Become World’s First Trillionaire After Shareholder Vote

From the Daily Caller News Foundation
At Tesla’s Austin headquarters, investors backed Musk’s 12-step plan that ties his potential trillion-dollar payout to a series of aggressive financial and operational milestones, including raising the company’s valuation from roughly $1.4 trillion to $8.5 trillion and selling one million humanoid robots within a decade. Musk hailed the outcome as a turning point for Tesla’s future.
“What we’re about to embark upon is not merely a new chapter of the future of Tesla but a whole new book,” Musk said, as The New York Times reported.
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The decision cements investor confidence in Musk’s “moonshot” management style and reinforces the belief that Tesla’s success depends heavily on its founder and his leadership.
Tesla Annual meeting starting now
https://t.co/j1KHf3k6ch— Elon Musk (@elonmusk) November 6, 2025
“Those who claim the plan is ‘too large’ ignore the scale of ambition that has historically defined Tesla’s trajectory,” the Florida State Board of Administration said in a securities filing describing why it voted for Mr. Musk’s pay plan. “A company that went from near bankruptcy to global leadership in E.V.s and clean energy under similar frameworks has earned the right to use incentive models that reward moonshot performance.”
Investors like Ark Invest CEO Cathie Wood defended Tesla’s decision, saying the plan aligns shareholder rewards with company performance.
“I do not understand why investors are voting against Elon’s pay package when they and their clients would benefit enormously if he and his incredible team meet such high goals,” Wood wrote on X.
Norway’s sovereign wealth fund, Norges Bank Investment Management — one of Tesla’s largest shareholders — broke ranks, however, and voted against the pay plan, saying that the package was excessive.
“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk,” the firm said.
The vote comes months after Musk wrapped up his short-lived government role under President Donald Trump. In February, Musk and his Department of Government Efficiency (DOGE) team sparked a firestorm when they announced plans to eliminate the U.S. Agency for International Development, drawing backlash from Democrats and prompting protests targeting Musk and his companies, including Tesla.
Back in May, Musk announced that his “scheduled time” leading DOGE had ended.
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