Ottawa, Feb. 6 -- Prime Minister Mark Carney on Thursday announced a sweeping new automotive strategy aimed at reducing Canada's dependence on the US, accelerating electric vehicle production, and protecting auto workers amid shifting global trade dynamics.

More than 90% of Canadian-made vehicles and about 60% of auto parts are currently exported to the US, leaving the sector exposed to trade shocks, the government said in a statement.

Additional incentives include the use of productivity-based tax deductions and reduced corporate tax rates for zero-emission technology manufacturers.

These standards will allow Ottawa to repeal the Electric Vehicle Availability Standard, giving manufacturers flexibility to meet emissions goals using a r...