US Edition
B.C. government realizes EV mandates not achievable: leaked slideshow
- On June 18, B.C. government officials presented a slideshow revealing that electric vehicle sales have leveled off, making current mandates unattainable.
- The slideshow blamed high vehicle costs, rebate program pauses, supply chain issues, and infrastructure gaps for the slowing EV sales trend.
- The government is considering easing targets, compliance requirements, vehicle categories, and working to make EVs more affordable to address these challenges.
- Automakers face a $20,000 penalty per gas-powered vehicle if they miss targets, but dealers say supply is sufficient and some people hesitate due to cost and range concerns.
- This situation implies the need for policy adjustments as B.C. aims for 90% electric vehicle sales by 2030 but struggles with demand and implementation barriers.
Insights by Ground AI
Does this summary seem wrong?
19 Articles
19 Articles
All
Left
13
Center
1
Right
3
Govt denies high interest on EV financing
Commercial banks are demanding higher interest rates on financing for electric two and three-wheelers but the government has turned down their request. At present, the interest rate is 11% but they are demanding 5% additional interest to cover insurance and operational expenses. The Steering Committee on the Electric Vehicle Policy has decided to hold a meeting with banks to negotiate the provision of financing at fair rates for electric two and…
·Pakistan
Read Full Article
Coverage Details
Total News Sources19
Leaning Left13Leaning Right3Center1Last UpdatedBias Distribution76% Left
Bias Distribution
- 76% of the sources lean Left
76% Left
L 76%
R 18%
Factuality
To view factuality data please Upgrade to Premium
