CSE | STGX | | CSE Listing ↗

Canada Sets Sights on Electric Vehicles with New Mandate

To reduce emissions and promote sustainability, Canada has taken a major step towards a cleaner future by announcing plans to mandate electric vehicle (EV) sales starting in 2025. This move, which is the first of its kind in North America, reflects the country’s commitment to reducing its carbon footprint and addressing the pressing issue of climate change.

The announcement was made by the Canadian Minister of Transport, Omar Alghabra, who stated that the government plans to work with the auto industry to implement the mandate in a way that will not disrupt the economy or put undue pressure on consumers. The exact details of the mandate have not yet been released, but it is expected to include measures such as tax incentives for EV purchases, investment in charging infrastructure, and the development of EV supply chains.

The transition to EVs is seen as a crucial step in reducing the country’s greenhouse gas emissions, which are a major contributor to climate change. According to the Canadian government, transportation is responsible for 25% of the country’s emissions, and switching to EVs will play a key role in reducing this figure. In addition, the mandate is expected to create new jobs and stimulate economic growth in the EV and clean energy industries.

Canada’s move towards EVs is part of a larger global trend, as countries around the world look for ways to reduce their carbon footprint and transition to cleaner forms of transportation. The European Union, for example, has set a target of having at least 30% of new car sales be EVs by 2030, while the United Kingdom has set a target of ending the sale of new gasoline and diesel cars by 2030.

In conclusion, Canada’s mandate for EV sales is a significant step towards a cleaner and more sustainable future. It will not only help reduce emissions and address the issue of climate change, but it will also stimulate economic growth and create new jobs. The government’s commitment to working with the auto industry to implement the mandate in a way that will not disrupt the economy or put undue pressure on consumers is commendable, and we look forward to seeing the details of the plan as they are released.

Reference:

Canada moves to mandate electric vehicle sales starting in 2026 – https://bit.ly/3wbcwSH (CTVnews.ca/autos/; Dec. 21, 2022)

About StrategX

StrategX is a Canadian-based exploration company focused on discovering energy transition metals in northern Canada. With five strategic projects situated on the East Arm of the Great Slave Lake, Northwest Territories, and the Melville Peninsula, Nunavut, we’re leading discovery in untapped regions. This first-mover advantage in underexplored regions presents a unique opportunity for investors to be part of multiple discoveries and the development of new districts for critical metals essential for the global green energy shift. For updates and the latest insights, explore our Investor Portal.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available.

 

On Behalf of the Board of Directors

Darren G. Bahrey
CEO, President & Director


For further information, please contact:

StrategX Elements Corp.
Email: info@strategXcorp.com
Phone: 604-379-5515

For further information about the Company, please visit our website at www.strategXcorp.com

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Share the Post:

Related Posts