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Not good for the brand to chase byd on price
They've already become a cheaper brand here in Europe.
They just can't compete with luxury brands that don't sympathize with fascism. People just don't want to advocate for their own demise.
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In a country with 42 million inhabitants this doesn't seem like a big change even for canada, let alone for the global economy.
It’s a complete sea change. I feel Canada only set tariffs on cars out of some deference to the US auto industry. I don’t want to use slippery slope thinking, but this to me smells like rolling out a Canadian auto market that is not dependent on the US. For the average family, being able to spend significantly less on a car is a big deal.
That is exactly what they did.
https://financialpost.com/commodities/energy/electric-vehicl...
> The tariffs follow a May announcement by U.S. President Joe Biden of 100 per cent tariffs on Chinese-made EVs.
> Trudeau said on Sunday night that he had discussed China and other national geopolitical issues with U.S. national security advisor Jake Sullivan.
> smells like rolling out a Canadian auto market that is not dependent on the US
The last federal election was almost entirely decided by which leader made the best pitch to Canadians on who would be better equipped to handle Donald Trump and to make the economy less dependent on the USA as a whole.
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Keep in mind that the US auto industry is also very much a Canadian one. A lot of Big Three stuff happens across the border in Ontario. But all the policy support that would have let North American automakers build up a competitive position with China is gone, so this is more about just acknowledging reality now.
Yeah there was never any competing with china, our industry just relies on our market using different values to purchase a car. It’s tough to convince most price-inelastic people they shouldn’t buy a car that is 1/2 price, even if it has fewer features. Edit: to be clear I meant that the US did not compete, not that they could not compete
Good. Carney also remarked our relationship with China is now more predictable with our relationship with the states (wild shade coming from him) just to really make it clear to certain parties why this is happening. Cheaper car options in this country will be nice, and I say this as a certified car hater who's yet to own one despite pushing 40.
I think the niche for EV's in Canada will be regional-ish transportation... I would love to see a network of chargers that fully cover the Trans-Canada Highway, but there are still some pretty significant gaps, for example Hwy 17 - If even one of the stations goes down you'd be stranded. But in that niche I can really see cheap EVs taking off. I know several people who live in Toronto whose cars have never been more…
This new direction of "strategic autonomy", with Donald Trump in the white house just south of the border seems like a difficult hill to occupy. Unfortunately, this is probably what is necessary at this point.
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In a country with 42 million inhabitants this doesn't seem like a big change even for canada, let alone for the global economy.
Cars last ~25 years, 49,000 * 25 = 1.2 million Chinese EV’s on the road in a steady state. Not such as huge shift in total, but EV’s are still a small percentage of total vehicle sales in Canada.
https://www.brokerlink.ca/blog/how-long-do-cars-last-in-cana...
> In 2020, the Automotive Industries Association of Canada (AIA Canada) reported the average age of Canadian vehicles was 9.7 years, though many industry experts believe that number is closer to 10.5 years today.
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No. Tarriffs aside this would be the problem: https://www.cbp.gov/trade/basic-import-export/importing-car > As a general rule, motor vehicles less than 25 years old must comply with all applicable Federal Motor Vehicle Safety Standards (FMVSS) in order to be imported permanently into the United States. Without homologation there is 0 chance you'd be able to import and register one of these.
How did Ford's CEO do it?
Up to 49,000 vehicles. To put that number in context, in 2024 Candians bought 1,918,861 vehicles of which 264,277 where zero-emissions.
Yes, it's a modest step, but my guess is that those BYD cars will sell like hot cakes and demand will go through the roof. By popular demand, the government will have to lift that limit. That's all China needs to destroy american car manufacturing.
American car manufacturing is destroying itself just fine.
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Where would China be getting savings, here? Unless they are also dropping some tariffs? Canada lowering tariffs saves Canadians money.
> Canada lowering tariffs saves Canadians money. How many chinese EVs are in canada right now? If the answer is close enough to zero as to be insignificant, how is this saving canadians any money on chinese EVs? If it helps, we can say something like: this adds $1-$2B gross revenue to china selling EVs to canada. Profit, probably less than a $1B. Needle still not moving.
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It’s a complete sea change. I feel Canada only set tariffs on cars out of some deference to the US auto industry. I don’t want to use slippery slope thinking, but this to me smells like rolling out a Canadian auto market that is not dependent on the US. For the average family, being able to spend significantly less on a car is a big deal.
Keep in mind that the US auto industry is also very much a Canadian one. A lot of Big Three stuff happens across the border in Ontario. But all the policy support that would have let North American automakers build up a competitive position with China is gone, so this is more about just acknowledging reality now.