imposed by President Joe Biden earlier this month, but is not making any commitment to following suit north of the border.
“That potentially is on the horizon,” said CVMA President Brian Kingston in an interview with The Canadian Press. And Canada has massively invested in the EV industry, with $30 billion laid out in just the last two years for EV battery and vehicle manufacturing sites for Stellantis, Volkswagen and Honda.
Going forward, EVs are forming an ever-growing part of that sector, with Canada mandating one-fifth of all sales must be EVs by 2026, three-fifths by 2030 and 100 per cent by 2035, Last October, European Commission President Ursula von der Leyen launched an investigation of Chinese EV subsidies with a view to enacting import tariffs.“What we don’t like is when China floods our market with massively subsidized electric cars. And we have to tackle this, we have to protect our industry.”Kingston said Canada should consider its own anti-dumping investigation of China’s EV subsidy practices ahead of the arrival of Chinese EVs in the Canadian market.
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