Tuesday Ticker: Rivian loses spot on Nasdaq-100 index; Nikola makes massive layoffs
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian is replaced on the Nasdaq-100 index, controversial truck maker Nikola lays off almost a quarter of its workforce and a Quebec-based ADAS and sensor company makes a merger. Rivian removed The rumours were true—Rivian has lost its spot on the Nasdaq-100 index. Nasdaq confirmed the news […]
Yearly Review: AIA Canada releases Outlook Study 2022 covering past year’s aftermarket trends
Toronto, Ontario — As the calendar winds down toward the close of 2022, the Automotive Industries Association of Canada (AIA) is looking on the past year with the release of the association’s Outlook Study 2022, now available to AIA members. The association’s findings for the past year show that despite the aftermarket’s “strong recovery” in […]
Electric Innovation: Sony and Honda form Sony Mobility Inc.
Tokyo, Japan — Sony and Honda have formally signed a joint venture agreement, forming Sony Mobility Inc—a company to provide its first electric vehicles and “services for mobility” in 2025. This signing cements previous informal discussions on the possibility of the entertainment company partnering with the vehicle manufacturer. The Sony website showcases prototypes of multiple […]
Clean Conversion: B.C. company fighting to make ICE to EV conversion a viable option
Vancouver, British Columbia — Dean Kneider does a unique kind of alchemy at his shop in East Vancouver where he takes gas-powered cars, retro Porsches and modern buses alike, and turns them into emissions-free electric vehicles. As president and CEO of Riise EV, one of the EV conversions Kneider is most proud of is his […]
Truck Tax: Green Budget recommends ‘feebate’ program for financing ZEV incentives
Toronto, Ontario — An item outlined in the Green Budget Coalition’s 2022 budget recommendations has caught the eye of some Canadian truck owners, as the organization put forth a recommendation in November that would charge owners of large SUVs and luxury vehicles a $4,000 fee. The fee would be a part of a “feebate” program […]
ICE-d Out: Nissan to end ICE development in all markets but U.S.
Toronto, Ontario — Nissan and the internal combustion engine have officially parted ways, making the brand the first Japanese automaker to announce a full stop to the development of ICE technology in every market but the U.S. Though the company has already ended gas engine sales in Europe, it will carry on the limited development […]
EV/AV Report: December 13, 2021
Toronto, Ontario — In this week’s electric and autonomous vehicle report, Elon Musk teases some features on the highly-anticipated Tesla Cybertruck, the Manitoba government is building an AV testing framework based on public feedback and Victoria, B.C’s Camosun College welcomes its first EV Maintenance Training students. Features of the Future The Tesla Cybertruck is quickly […]
Full Price: Tesla Model 3 no longer eligible for federal EV incentives
Ottawa, Ontario — A recent price increase on the Tesla Model 3 has caused the popular EV to lose eligibility for purchasing incentives in Canada, according to a notice posted by Transport Canada. Tesla is currently listing its Model 3 at $59,990 on its website, far surpassing the $45,000 benchmark to be eligible for the […]
Time to Act: Electric Mobility Canada releases 32-point EV Action Plan
Toronto, Ontario — U.S. President Joe Biden has been making those in the Canadian electrification business a little bit nervous with his recent “Build Back Better” plan, prompting Electric Mobility Canada to make its intentions clear with a 32-point plan for the Canadian EV industry. Covering several facets of electrification policy, including light and heavy-duty […]
Finding their Frequency: Hertz orders 100,000 Teslas for end of 2022
Toronto, Ontario — Hertz is betting big on Tesla as the rental chain announced that they have placed an order for 100,000 Tesla vehicles for delivery by the end of 2022. With their sights set on building the largest EV rental fleet in North America, Hertz is looking to pivot hard out of their current […]
