16:29:23 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Ford CDR (CAD Hedged)
Symbol F
Shares Issued 350,000
Close 2025-09-05 C$ 10.13
Market Cap C$ 3,545,500
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Globe says Ford, rivals see fed drop EV sales mandate

2025-09-08 08:57 ET - In the News

Also In the News (C-HNDA) Honda CDR (CAD Hedged)
Also In the News (C-TOYM) Toyota CDR (CAD Hedged)
Also In the News (C-TSLA) Tesla CDR (CAD Hedged)

The Globe and Mail reports in its Saturday, Sept. 6, edition that automakers are pleased with the federal government's decision to drop the minimum sales requirement for electric vehicles in 2026. The Globe's Eric Atkins writes that Prime Minister Mark Carney announced that the government will no longer mandate 20 per cent of cars sold next year to be battery, fuel cell or plug-in hybrids. Ottawa will also review future EV sales targets, which aim for 60 per cent by 2030 and 100 per cent by 2035. This change follows significant lobbying from the auto industry, which has faced disruptions due to U.S. tariffs. Statistics Canada reports that EV sales in June dropped 35 per cent from the previous year, representing only 8 per cent of new vehicle sales. Brian Kingston, president of the Canadian Vehicle Manufacturers' Association, which represents Ford, General Motors and Stellantis, has called for the regulation to be completely repealed. He said: "If this is an interim step to get into that, then that's positive, but there is simply no need for this regulation. It is putting huge costs on the automotive industry right now, at the worst possible time where they're incurring costs from tariffs."

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