The Board is calling on federal decision makers to reconsider their approach to zero-emissions targets for electric vehicle production. In a new paper, titled Ramping Up Electric Vehicle Uptake and Production (REV-UP) the Board warns that failing to act could result in further job losses and cost the automotive sector nearly $1 billion in Q1 2026.
The paper underscores the mounting cost burden to the sector associated with the compliance deficit credits included in the federal mandate. The Board has laid out four recommended actions:
- Repealing the Zero Emission Vehicles (ZEV) mandate in its current form
- Reintroducing federal demand-side incentives for ZEV purchases
- Supporting suppliers with targeted tax relief and strategic investments in charging infrastructure
- Establishing a fast-track approval process for major investments in domestic content, battery sourcing and supply chains.
Clear and consistent EV policy is essential to creating a business environment that attracts investment to the Toronto region and ensuring a successful EV transition.
