It absolutely does. The most recent estimates from IHS suggest that the mandate will shrink the Canadian new-vehicle market by up to 20% by 2035. There's a new paper out from the University of Guelph that is basically a partial equivalence analysis of the mandate. If EV technology does not drop and get to price parity by 2030, they're forecasting the destruction of the automotive industry. That's what the mandate will do.
You cannot force a technology that consumers aren't ready for.