A new report from Clean Energy Canada highlights a crucial opportunity to advance Electric Vehicle (EV) adoption by ensuring new condo developments in Canada include EV charging infrastructure. As Canada plans to build four million new homes over the next decade, the report emphasizes the importance of installing EV chargers in new constructions, as it is significantly more cost-effective than retrofitting existing buildings. Currently, only a few provinces, like Quebec, have EV readiness requirements. The report discusses the need for stronger, unified policies across all levels of government to simplify regulations and increase accessibility to EV chargers, particularly as younger Canadians, who are more inclined toward EVs, are predominantly apartment dwellers. Implementing these changes can make EV ownership more viable for all Canadians, maximizing the benefits of reduced fuel costs and supporting climate initiatives.
Elsewhere in the market, Wolong Electric GroupLtd was a notable mover up 9.3% and ending trading at CN¥30.81, not far from its 52-week high. At the same time, Pirelli & C lagged, down 2.5% to close at €5.75.
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Tesla finished trading at $288.14 up 3.5%.
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Ford Motor finished trading at $10.29 up 0.4%.
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NIO ended the day at $4.39 up 0.2%.
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