"Canadian Prime Minister Mark Carney announced Friday that his country will slash its 100% import tax on Chinese EVs to just 6.1%, paving the way for companies like Geely, BYD, Xiaomi, and others to establish a second foothold in the North American automotive market. Canada is not going all-in on Chinese EVs, though. The country will initially cap annual imports at 49,000 vehicles. That cap will slowly increase to about 70,000 in around five years, according to the Associated Press."
"It's a major shift that comes at a time when China is looking to boost EV exports, especially as the European Union weighs lowering its own tariffs on the vehicles. The U.S. remains a holdout on that front, though this week President Trump said he'd be open to Chinese automakers building factories in the U.S. that produce EVs. China has already been exporting gas, hybrid, and electric vehicles to Mexico, with the latter especially booming in 2025."
Canada will reduce its 100% tariff on Chinese electric vehicles to 6.1%, enabling major Chinese automakers to enter the North American market under controlled conditions. Initial imports will be capped at 49,000 vehicles annually, with the cap gradually increasing to roughly 70,000 over about five years. The change coincides with global moves to boost Chinese EV exports while some regions consider tariff adjustments. Chinese manufacturers have expanded into Mexico and are pursuing U.S. entry, leveraging low capital and labor costs and aggressive pricing. Praise for Chinese EV quality has grown, but price undercutting and strategic market moves raise competitive and policy concerns.
Read at TechCrunch
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