B.C. passes law to have 100% zero emission vehicles by 2040
Lomiko Metals (TSXV: LMR, OTCQB: LMRMF FSE: DH8C) has received welcome news from the provincial governments of Quebec and B.C. just as gas prices reach all-time highs. With new incentives for the purchase of Electric Vehicles, it may propel new car buyers to electric vehicles.
The B.C. government is counting on this and will require all new vehicles sold in the province to be zero-emission by 2040. The plan will be phased in over time, with new legislation mandating that 10 percent of new light-duty vehicle sales be zero-emission by 2025 and 30 percent by 2030.
"With the advent of incentives to purchase Electric Vehicles and green project funding in Quebec, Canada will not only meet but exceed carbon target. Surely, the target of 10% zero-emission vehicles by 2025 can be achieved." said A. Paul Gill, CEO of Lomiko Metals Inc.
Zero-emission versions of top-selling models, like the Ford F-150, are still not available. There are also concerns about the impact of cold weather on battery life, the number of charging stations, and the cost of zero-emission vehicles relative to gas vehicles.