financetom
Business
financetom
/
Business
/
Canada freezes rebate payments to Tesla, bans it from future rebate programs due to tariffs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Canada freezes rebate payments to Tesla, bans it from future rebate programs due to tariffs
Mar 25, 2025 4:43 PM

March 25 (Reuters) - Canada has frozen all rebate payments for Tesla and banned

the electric-vehicle maker from future EV rebate programs, Transport Minister Chrystia Freeland

said on Tuesday.

No rebate payments will be made until each claim is individually investigated and determined

to be valid, Freeland said in an emailed statement shared by her office.

Freeland also directed the transport department to revise eligibility requirements for

future iZEV programs to ensure that Tesla vehicles are not eligible as long as the "illegitimate

and illegal U.S. tariffs are imposed against Canada."

Tesla did not immediately respond to a Reuters request for comment.

U.S. President Donald Trump has imposed a slew of new tariffs, with the bulk due in early

April, in the form of steep 25% taxes on most goods from Canada and Mexico.

Trump on Monday said automobile tariffs are coming soon, although not all of his threatened

levies would be enforced on April 2.

Canada has frozen C$43 million ($30.11 million) of rebate payments for Tesla. The order to

stop the payments came before Canadian Prime Minister Mark Carney announced a general election

on April 28, according to the Toronto Star, which reported the news earlier.

The Star reported earlier this month that Tesla filed an extraordinary number of EV rebate

claims in the final days of the program in January, with a single Tesla dealership in Quebec

City claiming nearly C$20 million in public subsidies by documenting more than 4,000 electric

vehicle sales over a single weekend.

Toronto stopped providing financial incentives for Tesla vehicles purchased as taxis or ride

shares because of trade tensions with the U.S. earlier this month.

Tesla CEO Elon Musk, a close ally of Trump, has been leading the White House effort to

shrink the federal government and budget as the head of the so-called Department of Government

Efficiency.

($1 = 1.4279 Canadian dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Stellantis Shares Fall After Lowering 2024 Outlook
Update: Stellantis Shares Fall After Lowering 2024 Outlook
Oct 2, 2024
11:39 AM EDT, 09/30/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph.) Stellantis' ( STLA ) shares were down more than 13% in recent Monday trading after the company said it lowered its 2024 adjusted operating income margin forecast to between 5.5% and 7%, down from the previous double-digit expectation, due to increased...
Verizon's mobile network down for thousands of users in US, Downdetector shows
Verizon's mobile network down for thousands of users in US, Downdetector shows
Oct 2, 2024
(Reuters) -Verizon Communications' ( VZ ) mobile network was down for thousands of users in the United States on Monday, according to outage tracking website Downdetector.com. There were more than 100,000 incidents of people reporting issues with the telecom operator's services, according to Downdetector, which tracks outages by collating status reports from a number of sources, including user-submitted errors on...
New York governor says state is bracing for ports strike impact
New York governor says state is bracing for ports strike impact
Oct 2, 2024
(Reuters) - New York Governor Kathy Hochul said an impending East Coast and Gulf Coast port strike set to start early Tuesday could result in significant disruptions but urged residents not to stockpile food. We're deeply concerned about the impact a strike could have on our supply chains, especially when it comes to critical goods like medical supplies and others,...
Update: Prothena's Shares Fall as Chief Medical Officer Departs
Update: Prothena's Shares Fall as Chief Medical Officer Departs
Oct 2, 2024
11:35 AM EDT, 09/30/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph.) Prothena's ( PRTA ) shares were down over 20% in recent Monday trading after the company said Chief Medical Officer Hideki Garren is leaving to pursue an opportunity at a large pharmaceutical company. Prothena ( PRTA ) plans to initiate a search for...
Copyright 2023-2026 - www.financetom.com All Rights Reserved