canada reduces electric vehicle subsidies as sales targets increase

General Motors Co. has expressed concerns about the Canadian government's decision to reduce subsidies for electric vehicles at a critical time for the industry.

The timing of these cuts could impede progress as the demand for cleaner vehicles increases.

Currently, Canadian consumers can take advantage of significant rebates, with federal incentives offering up to C$5,000, while Quebec provides up to C$7,000 and British Columbia contributes a maximum of C$4,000.

This means potential savings of up to C$12,000 ($8,673) on electric car purchases.

The change in subsidy strategy raises questions about the balance between government support and industry expectations as automakers are being encouraged to accelerate the transition to electric vehicles.

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