Canada's 'welcome' for EVs: Musk's Tesla, Chinese brands set to benefit
Canada is lifting 100% tariffs on Chinese EVs, allowing 49,000 imports annually. This move could significantly benefit Tesla, which previously shipped from China. However, a price cap on half the quota might favor Chinese brands like BYD and Nio, offering more affordable options for Canadian buyers.
Canada is lifting 100% tariffs on Chinese EVs, allowing 49,000 imports annually. This move could significantly benefit Tesla, which previously shipped from China. However, a price cap on half the quota might favor Chinese brands like BYD and Nio, offering more affordable options for Canadian buyers.
