WSJ Tech News Briefing TNB Tech Minute: Canada Looks to Help Automakers Meet EV-Sales Mandate After U.S. Tariffs
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Jul 10, 2025 Canada is stepping up to help automakers adjust to U.S. tariffs while pushing for electric vehicle sales. The podcast dives into booming trends in AI-driven servers, forecasting a $1 trillion market. Plus, Bitcoin reaches a new all-time high, stirring excitement in the cryptocurrency world. Join for insights on how these developments are shaping the tech landscape!
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Canada's Bold Move to Support EV Makers Amid U.S. Tariffs
Canada plans to unveil a strategy soon to help its automakers overcome the challenge of U.S. tariffs on foreign-made cars. President Trump's 25% tariffs are a significant hurdle for the Canadian auto industry, which is vital as vehicles are Canada's second-largest export by value.
Canada mandates that 20% of new vehicle sales be electric by the end of next year, aiming for 100% electric vehicle sales by 2035. This means Canada must find ways to support its automakers not only to survive tariffs but also to meet aggressive EV sales targets.
Canada Supports EV Auto Industry
- Canada's auto industry faces challenges due to U.S. tariffs on foreign-made cars.
- The government plans to introduce measures to help automakers meet vehicle electrification goals.
Canada's EV Sales Mandate
- Canada's regulation requires 20% of new vehicles sold by next year to be electric, aiming for full EV sales by 2035.
- This mandate emphasizes a major shift toward electrification in the auto sector.