Is Canada's EV boom over? We need incentives and trade to stabilize the market

Diego Marroquin Bitar is the Inaugural Bersin-Foster North America Scholar at the Woodrow Wilson International Center for Scholars in Washington, D.C. Alexandra Helfgott is a Masters in Public Policy student at Yale University. Auto trade remains North America's economic backbone, accounting for nearly one-quarter of regional trade in 2024 and supporting roughly 40 million jobs across the United States, Canada and Mexico. The three countries jointly produce nearly 700,000 electric vehicles annually. However, recent domestic developments and market shifts, both in the U.S. and in Canada, have posed significant questions about the future of EVs in the region. In the…