The country’s stance would seem to put it on the wrong side of market trends. But with its huge investment in gasoline-electric hybrids, it has big reasons to proceed slowly.
A series of announcements has not only reversed the decline of Canada’s auto industry, but has also set it on the path to electrification.
Carmakers, government agencies and investors are pouring money into battery research in a global race to profit from emission-free electric cars.
Carmakers say new models should also help lift the industry in 2021, after a 15 percent decline in its slowest year since it recovered from the Great Recession.
The fuel could play an important role in fighting climate change, but it has been slow to gain traction because of high costs.
