New regulations being published this week by Environment Minister Steven Guilbeault will effectively end sales of new passenger vehicles powered only by gasoline or diesel in 2035.

We are at a tipping point," he said, noting sizable growth in EV sales in Canada and demand that has previously outstripped the available supply.

They are setting up a system in which every automaker will have to show that a minimum percentage of vehicles they offer for sale are fully electric or longer-range plug-in hybrids.

is doing, or Nova Scotia, Prince Edward Island and Quebec," he said, noting those provinces have done more to incentivize the purchase of electric vehicles.

The policy will be regulated under the Canadian Environmental Protection Act and will issue credits to automakers for the EVs they sell.

Automakers that come up short for their sales requirements will be able to cover the difference by buying credits from others who exceed their targets, or by investing in charging stations.

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