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Stock impact report

How Canada’s EV Ecosystem Is Adapting to the New Market Reality

VinFast Auto Ltd. - Ordinary Shares (VFS) 
Company Research Source: Business Wire
MARKHAM, Ontario--(BUSINESS WIRE)--As government incentives fade and growth cools, Canada’s electric vehicle market is shifting from subsidy-driven expansion to a more mature focus on value, trust, and long-term ownership appeal.Canada’s electric vehicle market is learning to stand on its own.After several years of growth fueled by government rebates and new model launches, the pace has slowed. Electric vehicles made up 9.2 percent of new car sales in the second quarter of 20251, down from nearly 19 percent late last year2. The federal iZEV rebate program ran out of funds in January.These shifts have changed how automakers, dealers, and policymakers think about the next phase of adoption. With fewer rebates to entice buyers, Canada’s electric transition is now less about chasing discounts and more about showing that EVs make financial sense over time.There are signs that the EV ecosystem is adapting. Dealers are training staff to explain the math behind ownership costs, showing cu Show less Read more
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