Automotive News Canada

The primary reason for this collapse was the disappearance of federal and provincial purchase incentives in 2025, which laid bare the segment's deep dependence on subsidies. Without the $5,000 federal iZEV rebate and corresponding provincial funds, the significant price gap between EVs and comparable gasoline cars became too wide for the budget-conscious mass market to bridge, especially in a high-interest-rate environment. Automotive News Canada