The Peak Daily

EVolution đźš— - Ottawa re-jigs its EV strategy, Spotify gets bookish.

Feb 6, 2026
Ottawa retools its electric vehicle approach, bringing back rebates while swapping a sales mandate for tougher emissions rules. Spotify expands into physical book sales alongside audiobooks through a Bookshop.org tie-up. The show also highlights a major Toronto police corruption scandal and Y Combinator reversing its Canada policy. Two big pension funds eye selling a stake in Britain’s largest port operator.
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INSIGHT

Rebates Replace Hard EV Mandate

  • Ottawa replaced a 2035 EV sales mandate with stricter 2027–2032 emissions rules, aiming for 75% low-emission vehicle sales by 2035.
  • The plan pairs $2.3B in rebates and support to nudge demand while easing industry pressure from tariffs and supply shifts.
ADVICE

How To Qualify For New EV Rebates

  • Buyers can get up to $5,000 off EVs and $2,500 off plug-in hybrids in year one under the five-year program starting Feb 16.
  • To qualify, choose vehicles made in Canada or in a country with a Canadian free-trade deal to access rebates.
INSIGHT

Eligibility Filters Out Chinese-Made EVs

  • The rebate excludes many Chinese-made EVs by requiring production in Canada or free-trade partners, shaping which models qualify.
  • That caveat shields domestic and allied manufacturers while potentially limiting consumer choice.
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