"In case you didn't hear the news, America's neighbor to the north has greenlit the import of thousands of Chinese-made electric vehicles without the 100% tariffs that have limited their growth in that country over the past few years. And while Canadian consumers may be amped about cheaper EVs, auto industry officials are sounding the alarm. The latest one to do so is General Motors CEO Mary Barra, whose own companylike the rest of the American auto industryrelies heavily on Canada's intertwined manufacturing sector."
"She joins U.S. lawmakers in warning that Canada's move could be detrimental in the long run. Welcome back to Critical Materials, your daily roundup for all things electric and tech in the automotive space. Also on deck: AI data centers are expected to fuel the next chip shortage and BYD plans to sell even more cars outside of China. Let's jump in."
"Canada's recent deal to let in an allotment of up to 49,000 Chinese-built EVs each year is, according to General Motors Chief Executive Mary Barra, a risk to North American auto manufacturing. The deal will reduce the effective tariff rate of the imported vehicles from a prohibitive 100% down to a much more palatable 6.1%. This might seem like a tidal wave on the U.S. auto industry's imports to Canada, but in reality, it represents just 3% of Canada's total annual vehicle sales."
Canada approved an allotment allowing up to 49,000 Chinese-built electric vehicles per year with a tariff reduction from 100% to 6.1%. The import quota equals roughly 3% of Canada’s annual vehicle sales. General Motors CEO Mary Barra warns the deal threatens North American industrial capacity, jobs, and continental security, calling the move a “slippery slope.” Industry officials and U.S. lawmakers share concerns about long-term consequences for established automakers. The broader roundup notes AI data centers may drive the next chip shortage and that BYD plans expanded sales outside China.
Read at insideevs.com
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