Canada’s New Trade Agreement Has Far Reaching EV Implications - CleanTechnica

The article discusses the significant implications of Canada’s new trade agreements on the electric vehicle (EV) market, particularly highlighting how these changes could disrupt the affordability and availability of EVs. The introduction of price stipulations in trade deals is expected to benefit mainstream Chinese EV manufacturers like BYD and Geely by giving them a competitive edge over premium automakers and Tesla’s Chinese imports. As consumers gain access to more affordable EV options from China, demand is likely to increase, encouraging Chinese manufacturers to expand their presence in North America. The article also notes that manufacturing localization tends to follow market establishment, and with automation reducing labor cost differences, Chinese EV production could become more entrenched in the region. Additionally, Canada is strengthening trade ties with Brazil and Mexico, which could further boost the availability of both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) across the Americas. Latin American factories are producing PHEVs superior to those currently available in North America, potentially increasing sales and