techcrunch.com
Canadian Prime Minister Mark Carney announced a significant reduction in Canada’s 100% import tax on Chinese EVs, lowering it to just 6.1%. This move opens the North American market to Chinese manufacturers like Geely and BYD, though Canada will cap initial imports at 49,000 vehicles annually—a limit scheduled to rise to 70,000 within five years. This shift occurs as China seeks to boost EV exports and the EU considers lowering its own tariffs.
While U.S. President Trump recently expressed openness to Chinese automakers building factories in the U.S., the country maintains a 100% tariff and has national security concerns regarding China’s EV supply chain. Experts caution that allowing Chinese automakers into the U.S. could threaten the American automotive industry and defense industrial base. Despite these geopolitical hurdles, Chinese EVs are praised for their quality and ability to undercut competitors on price; companies like Geely already aim to enter the U.S. market within the next few years.
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