Electric Mobility Canada (EMC) appreciates the federal government’s continued support for the electric vehicle (EV) industry outlined in the Spring Economic Update, tabled today by Finance Minister François-Philippe Champagne. EMC appreciates the government’s reaffirmation of its commitment to advancing transportation electrification and strengthening Canada’s position in the global EV market.

“EMC looks forward to continuing its collaboration with federal partners and industry stakeholders to advance key policy initiatives, including the development of a National Charging Infrastructure Strategy”, stated Daniel Breton, President & CEO of Electric Mobility Canada.

(Source: Spring Economic Update, p. 71)

The update did not include new measures related to the federal automotive strategy. In addition, there were no significant announcements concerning electric school buses, medium- and heavy-duty vehicles, or public transit electrification. EMC will continue to engage with government in the coming months to advocate for comprehensive policies and future announcements that address these critical segments.

EMC also notes that several broader measures included in the update have the potential to support the growth of Canada’s electric transportation industry. The proposed sovereign investment fund could support projects of national interest, including EV and battery supply-chain initiatives. The government’s commitment to launching a procurement program for small and medium-sized enterprises also has the potential to improve access for domestic companies in the sector to federal contracting opportunities. Finally, EMC welcomes the enhanced Capital Cost Allowance (CCA) and the Scientific Research and Experimental Development (SR&ED) Tax Incentives included in the update as a tool to support business productivity and encourage further investment.