CVMA Statement on the 2025 Federal Budget
Budget 2025 recognizes the significant challenges facing the Canadian economy and introduces new measures aimed at enhancing Canada’s competitiveness for automotive investment to maintain the manufacturing and research footprint.
“Canada’s automotive industry is under pressure due to protectionism and U.S. incentives designed to attract auto supply chain investments”, said Brian Kingston, President & CEO of the CVMA. “The productivity super deduction and enhancements to SR&ED are steps in the right direction to keep Canada competitive for existing and future investment in the automotive supply chain”.
In pre-budget advice to Minister Champagne, the CVMA called on the federal government to eliminate the redundant electric vehicle (EV) sales mandate before irreversible damage is done to the automotive industry and the hundreds of thousands of Canadians it employs.
“The EV mandate puts unsustainable costs on the automotive industry at the worst possible time”, Mr. Kingston said. “Repealing the EV mandate is a prerequisite to building Canada strong”.
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For further information, please contact:
Canadian Vehicle Manufacturers’ Association
Office: 416.364.9333