Electric vehicle (EV) sales have plummeted in Canada, dropping by a staggering 53% between Q4 of 2024 and Q1 of 2025.
This sharp decline in sales comes at the very moment governments across Canada have imposed increasingly aggressive EV sales mandates requiring consumers to switch to EVs.
An immediate course correction is required before government mandates wreak havoc on consumers and the auto industry, jeopardizing the livelihoods of the hundreds of thousands of people it employs.
Carney’s wife is a Enviro-Fascist lunatic.
He has his wrists handcuffed, more or less.
Not to worry carney and his wife have already destroyed Canada’s Auto sector with their elbows-out charade.
Here is where I remind you that all US Stock Market Indexes are UP UP UP again today approx. +1% on the day. My basket of boring old Index Funds and ETF’s are UP UP UP nearly +30% in the two months since “experts” predicted Trump would plunge the US and World Economy into another 1929 DEPRESSION because “Smoot-Hawley” or some such irrelevant history lesson.
TDS is a mental disorder
Kenji ur 30% is very cherry picked from the April low. If you look at ur gains from a February average u are up about 5%.
I agree about TDS being a mental disorder and the tariff tantrum stock market tumble was nucking futs and based purely on irrational fears … but the market is wonderfully good at being irrational at times … and sometimes for very long periods.
I seem to recall u were buying at the April lows … If my memory is correct then that was a good piece of bottom feeding work.
Man I wish Trudeau had stuck around so Pierre could have at least had a shot at saving this shit hole of a socialist hell … Canuckistan indeed.
Keep your stick on the ice Ladies & Gentlemen …. and enjoy the “extreme heat” SARC
Hahahaha ha … I wasn’t buying a “February Dip” … because there WASN’T one. I bought 3-days of the early April DIP … all coordinated to occur ON and just AFTER Trump’s Liberation Day. It was premeditated, arbitrary, and the BOTTOM of the FAKE dip. I’m +30% or more from the lowest of the 3-days I bought.
It was OBVIOUS to me that those massive sell-offs were FAKE. Yeah, I got lucky and bought the low of the lows. My only error? Greed. I wanted to buy a 4th day of multi-thousand point dips … but 3-days were IT. I failed to buy the 4th day rebound (which was still massively low) … because I was waiting for a deeper bottom. I screwed up … I should have bought the upswing from the lowest low.
Oh well, I am an amateurish at best investor.
An immediate course correction is required…
Nothing will change soon. We haven’t hit bottom yet. I estimate a minimum of 3 years before these idiots fix their cranio-rectal inversion on EV’s.
1. People who wanted one got one
2. There’s a new attitude down south, people in Canada may think the mandate is less inevitable
Somewhat related:
https://www.breitbart.com/europe/2025/07/03/go-woke-go-broke-jaguar-sales-crash-by-97-after-controversial-rebrand/
I have been saying it for more than a couple of years.
“You cannot force people to buy an expensive, dangerous POS electric car with no resale value, to people who have no money and can barely keep their old gas cars on the road.”
The EV mandate will fail and take down a lot of stupid politicians with it. These mandates are nothing but shades of totalitarianism.
“You cannot force people….”
Sure you can. Lada, Yugo, Trabant, Volkswagen Beetle, European car history is full of examples where government decided how it was going to go.
And every one of those governments FELL. Like, hard. All gone now.
So yes, you can force people to buy your idiotic car. For a while. But eventually, the people will get sick of your BS and rise up. Or a war will come, or some other catastrophe. Slow at first, then fast.
For the #Libranos to take corrective action on this file they’d need to admit they were wrong. If this is what’s required to destroy the east’s love affair with the #Libranos, so be it, let it burn.
AB is going to have a referendum on separation, and if the #Libranos stay true to form, we’ll be all the better for it, perhaps they’ll even bring a new tax to the table. Something to access your store of wealth tied up in your home’s equity?
That’ll teach you’s …
A question for Mr. Kingston and the other CEOs: why so late to the epiphany table?
They were hoping to cash in. Same story with these guys every single time. Everybody with a couple of bucks in Germany loved old Adolph in 1936.
But now that it is -abundantly- clear the customers are not having it, as in they can see it in neon red on their balance sheets, they will start bleating about it.
If Carney is really serious about forcing the shift to EV’s he will impose a heavy tax on petrol and diesel.
You mean heavier than the DOUBLING of price we already pay?
He’ll have to market it better than the Carbon Tax
When governments try to force things that people don’t want down their throats, all it does is make life miserable for everyone. They need to butt-out and let the market decide.
Making our lives miserable is part of the plan. If you can’t afford electric, then you walk or take public transportation – either way you lose a lot of the freedom of movement and independence of lifestyle that the automobile gives you. Which makes you more dependent on them and under their control…which makes you miserable.
EV sales represent the democracy of the free market (people voting with their wallet) whereas the continued mandate under Carney is the face of fascism (happy-faced for now) but as the deadlines approach, he will either backdown, re-incentivize with stolen loot or expose his barely disguised Jack Boots.
One of the craziest policy decisions by the federal Liberal government. Not as dangerous as their immigration policies or as destructive as their economic policies but crazy in the sense there’s no practical way to force people to buy EVs. If I, as a customer, only want to buy a gas powered car then how will the car dealership force me to buy an EV? Refuse the sell me a gas powered vehicle? Try to scold or guilt me into buying an EV? The federal government can’t even threaten to revoke your driver’s license if you don’t buy an EV since licensing is a provincial jurisdiction. Has the government actually used even one brain cell of thought to consider how this will play out in reality? If most people simply refuse to buy EVs then the policy fails quicker than the old Liberal government’s disastrous long gun registry.
Then of course there’s other practical problems like not enough electricity generation to charge EVs. The multi billion dollar cost of upgrading the electoral grid to be able to charge the EV at home. The homeowners cost to be able to charge the vehicle. The problem of expensive battery replacement. The fire hazard increasing insurance costs, etc. But, I don’t think it will get to that point since people don’t want EVs and can’t really be forced to buy them.
The drop in EV sales happened as soon as subsidies were removed. The decline was most precipitous (90%) in Ontario, Quebec and BC, the three provinces that most heavily subsidized EVs. So nobody wants one unless the government helps them pay for it. Quel surprise.
The government being you and me and our credit card (close to maxxed out?)!
So in 2024, 1918861 vehicles were sold, with 264,277 (13.8%) of those were ZEVs.
To get to 20% in the 2026 model year, you’d have to sell 383,773 ZEVs, while only allowing 1,535,088 gas powered vehicles to be sold.
Now when they haven’t sold enough ZEVs, if you want a gas powered vehicle later in the model year, will you have to go on a waiting list with 4 other people until someone buys the next EV, or will dealerships be offering packaged deals where 4 of you pay an extra $12,000 on top of your vehicle price for a 1/4 share in a vehicle you don’t want to get a vehicle you do?
Who killed the electric car? It Epsteined itself. Dan Bongino has seen the tapes. He certifies it!