News Analysis
Canada is set to open its automotive market to Chinese electric vehicles, as researchers and policymakers warn that a flood of Chinese products in markets such as Europe has come at the expense of domestic producers.
Earlier this month, Prime Minister Mark Carney struck a deal with China to allow 49,000 Chinese electric vehicles into Canada annually at a 6.1 percent tariff, replacing the 100 percent tariff imposed in 2024 amid concerns over Beijing’s non-market practices.
The deal comes at a time when EV sales by local manufacturers are declining in other countries, with large companies such Ford and Volkswagen announcing plans to scale back their EV operations. Meanwhile, companies like Tesla are falling behind China’s largest automaker BYD, although Tesla itself has major operations in China as well….