SaralnamaCanadian PM Mark Carney announced on Friday that Canada will waive its 20% emissions-free vehicle sales requirement for next year. This move aims to help automakers deal with US tariffs. Carney also revealed a CA$5 billion (₹30,750 crore) fund to assist firms affected by tariffs across all sectors. The government will review the EV sales mandate to reduce costs. A new policy will prioritize Canadian suppliers for federal purchases. Carney introduced a biofuel production incentive worth CA$370 million (₹2,275 crore) to support farmers. Companies can apply for aid from existing funds to address challenges in the steel and aluminium sectors. (Updated 6 Sep 2025, 01:18 IST; source: link)
Key Points
- Canadian PM Mark Carney announced on Friday that Canada will waive its 20% emissions-free vehicle sales requirement for next year
- This move aims to help automakers deal with US tariffs
- Carney also revealed a CA$5 billion (₹30,750 crore) fund to assist firms affected by tariffs across all sectors