this post was submitted on 05 May 2026
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It's not demand. This was a joint project with GM, with US batteries made under investments by Biden, killed by Trump. House of cards and Trump kicked out the bottom with tariffs.
It IS demand. New EV sales in Canada have dropped drastically in the last year since most of the subsides are gone. From about 14% of new car sales to about 9%. Without subsidies theres not enough demand to justify the huge investment in building them. Source: Statscan https://www150.statcan.gc.ca/n1/daily-quotidien/260316/dq260316c-eng.htm