A recent report from the Energy Futures Institute raises concerns about government-mandated electric vehicle (EV) sales targets in British Columbia and Canada, suggesting these policies could disrupt markets and limit consumer choice. The report argues that such mandates may lead to financial strain for automakers, increase vehicle prices, and disproportionately impact lower-income consumers. Additionally, it highlights that current EV sales are heavily reliant on government subsidies, and infrastructure challenges, such as costly and insufficient public charging options, persist. The report recommends a shift from rigid sales mandates to more flexible, emissions-based targets to allow market forces and technological advancements to drive the adoption of cleaner transportation solutions.
In other trading, VinFast Auto was a notable mover up 4.3% and closing at $3.39. In the meantime, Ecopro softened, down 12.6% to finish the session at ₩49,650, not far from its 52-week low.
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Ford Motor settled at $9.72 down 1.8%.
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Tesla settled at $263.55 down 3.5%.
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NIO ended the day at $3.75 down 5.8%, hovering around its 52-week low.
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