Battle over Ottawa's new vehicle regulations heats up [Globe and Mail, The (Toronto, Canada)]
Honda Motor Company, Ltd. (HMC)
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Source: Globe and Mail, The
Since Prime Minister Mark Carney announced in early February that his government would jettison his predecessor Justin Trudeau's requirement that electric vehicles make up a growing share of all car sales, federal officials have been working toward a replacement policy supposed to be drafted by summer. Canada has used that system for decades, but Mr. Carney signalled that it would be newly ambitious, aiming to ensure that by 2035 the average emissions from a new vehicle will be less than half what they are today. He also projected that the new rules would lead to 75-per-cent EV sales uptake by that date, down from the 100 per cent pursued by Mr. Trudeau's policy. But after previously lobbying for a re-embrace of the tailpipe approach because of their dislike for the EV sales requirements, industry representatives are now saying Ottawa's new plans are also too aggressive. Auto industry insiders on the big issues they'll be watching in 2026 In interviews, Global Automakers of C
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HMC
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- 3/27/26 - Form 3
- 3/27/26 - Form 3
- HMC's page on the SEC website