Canada rolls back EV regulations but boosts incentives

OTTAWA/WASHINGTON, Feb 5 (Reuters) – Canadian Prime Minister Mark Carney said on Wednesday his government was scrapping a national electric-vehicle sales mandate, while boosting incentives for EV purchases and charging. Carney said Canada will provide C$2.3 billion ($1.68 billion) to fund incentives of up to C$5,000 on EV purchases or leases by individuals and businesses, while also earmarking C$1.5 billion for EV charging. Canada will also provide up to C$3.1 billion for Canada’s auto-manufacturing sector to help it make the costly transition to electric cars. Sign up here. The measures follow the European Commission’s recent decision to dial back rules…