Fed's Harker sees pace of rate hikes slowing in coming monthsThe Daily Chase: Home Depot, Walmart beat analyst expectations; Ontario cuts deficit projectionRenovation boom continues even as project costs increase and interest rates riseOntario slashes deficit projection 35% on higher tax revenueLagged impact of monetary policy transmission likely continue to weigh on asset markets: BermanThe
Daily Chase: FTX woes continue; Biden and Xi Jinping show diplomacyThe Daily Chase: Bobby Le Blanc to become Onex CEO; Musk warns of possible Twitter bankruptcyBank of Canada: Job losses will rise but won't reach levels seen in past economic downturnsThe Daily Chase: Cineplex sees profit boost; Canadian Tire miss Q3 expectationsThe Daily Chase: Meta layoff 11,000 employees, Rogers misses Q3...
$35 million won't make a dent. Hundreds of billions of dollars will have to be spent In California NIMBY's rule so getting anything done is almost impossible A 30X increase in mining is required to support EV future, problem is the same group that is against oil is against mining
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The bumpy road to greener mobilityLast summer, Transport Minister Omar Alghabra announced that Canada’s federal government would ban sales of new cars and light-duty trucks with internal combustion engines by 2035. Just this month, the European Union agreed on the same target. The electrification of mobility is gaining speed. Carmakers are introducing more electric vehicles (EVs) and model choice, and battery manufacturers are scaling up production. Ontario will see a large battery plant being built by Stellantis and LG near Windsor. But how will all these EVs get charged? Will our infrastructure be ready? Federal and provincial governments have to choose carefully where they provide incentives as budgets are limited. What do smart policy designs look like? EVs will become more affordable as battery production scales up and innovation lowers costs—notwithstanding current supply chain issues. Targeting EV incentives based on purchase price thresholds is problematic and leads to opportunistic behaviour by producers and households. A better approach involves using household income to determine eligibility—as British Columbia does. It helps those whose decision is most swayed by subsidies. EVs are not strictly zero-emission vehicles if the electricity they use is not clean. Incentive programs should allow for this and decrease the subsidies proportional to the CO2-intensity of each province’s electricity generation. Where electricity isn’t clean, it would be better to encourage improved fuel economy of cars instead. Provincial and federal incentive programs also suffer from unnecessary duplication. Motorists have to navigate the different programs separately to take full advantage of available offers. This duplication is burdensome and ineffective. Perhaps the federal government should team up with clean-energy provinces and boost their local programs rather than running their own. Yet for many motorists the largest hurdle to adopting EVs is not the cost. It is the paucity of EV charging infrastructure
Source: TheHillTimes - 🏆 11. / 79 Read more »