Tausi Insider

Canada is falling behind in the race to electrification. Haven Daley/The Associated Press Brian Kingston is president and CEO of the Canadian Vehicle Manufacturers’ Association. The electric vehicle (EV) transformation is rapidly picking up speed, with automakers committing an estimated US$1.2-trillion to electrification through 2030 to build tens of millions of electric vehicles, more than double the amount from only one year ago. As more EVs come to market, countries around the world are rapidly building charging infrastructure and supporting citizens in the transition to electric. But while other countries race ahead to an electrified future, Canada is driving on a low battery. According to the EV Readiness Index , developed by global accounting firm Ernst & Young, Canada has fallen from eighth place in 2021 to 13th in 2022 of the world’s top 14 vehicle markets. The main reasons? A lack of ambition on charging infrastructure and consumer incentives. The most recent assessment...

Gerald Cotten, chief executive officer of Quadriga Facebook / Remembering Gerry Cotten It’s a long, hard ordeal being a claimant to the bankrupt cryptocurrency exchange QuadrigaCX. The recent revelation of coins being moved from long-dormant wallets is just a tiny reflection of that. I would know, because I am one of those people who lost money on Quadriga, where people could buy and sell cryptocurrency. I’ve even once shaken the hand of the founder Gerald Cotten, who brought down the entire exchange when he was reported dead in the beginning of 2019, making some $200-million in cryptocurrency go up in smoke. And I would like to say something to customers of FTX, the bankrupt exchange based in the Bahamas, whose founder Sam Bankman-Fried faces an assortment of criminal charges in the United States: Take it from someone who has gone down this road – three years later, through a complex legal system and endless red tape, you still won’t see a red cent. First off, though, do not feel so...