German Manager Magazin: Tesla: Toronto closes the company of Elon Musk from funding from004047

The Canadian city of Toronto has due to the tensions with the USA The financial support for Electric cars from Tesla excluded. “The operators of rental vehicles, such as taxis, will have to search for a different kind of car.

US President Donald Trump Had demanded the annexion of Canada and imposed tariffs on Canadian products. Therefore, the trouble is great in the northern neighboring country of the USA.

The city of Toronto promotes the introduction of electric cars that are bought as rental vehicles to lower emissions. By the end of 2029, drivers and owners will receive an estate on approval and renewal fees. Since March 1st, however, Tesla vehicles are no longer entitled to this funding, according to Chow. The decision was made to go to Tesla boss Elon Musk To react that acts as a top consultant from Trump.

The regulation will apply until the controversial questions have been clarified with the United States. However, the mayor also admitted that the financial impact of the countermeasure is not great. “It’s rather symbolic,” said Chow.

In the past few weeks, Tesla has had strong sales returns around the world. In the EU, new registrations in January broke up by half compared to the previous year. In China, the group also sold around half fewer vehicles in February than in February of the previous year.

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