EMC reaction to the 2022 federal budget: A first glance
EMC is pleased to see that what was announced in the 2030 Emissions Reduction Plan is being confirmed in Canada’s 2022 budget. This clearly shows the government’s commitment towards electric mobility as an innovative way to fight climate change while creating sustainable jobs for Canadians. Multiple recommendations from our 2030 EV Action Plan are also addressed, including the implementation of a ZEV mandate for light-duty vehicles and for medium- heavy-duty vehicles. In particular, EMC is supportive of the $1.7 billion investment over five years to extend the Incentives for the Zero Emission Vehicles (iZEV) program, and is looking forward to learning more about the broadened eligibility to support the purchase of more vehicle models, including more vans, trucks, and SUVs, which will help make ZEVs more affordable. EMC also applauds the funds included for a new purchase incentive program for medium- and heavy-duty ZEVs totalling $547.5 million over four years. Important charging infrastructure investments have also been confirmed. Finally, EMC approves the implementation of Canada’s first Critical Minerals Strategy and the planned funding for critical minerals projects. We look forward to taking a more in-depth look at the budget, and providing you with a fulsome summary tomorrow.