There is another thought time for the Chinese EV automakers as Canada is set to impost a 100% tariff on Chinese EVs such as BYD. This is the third time when Chinese EVs has facing similar tariff restrictions after U.S. and Europe.
The news broke out on Monday Canada Prime Minister Justin Trudeau told reporters that Canada will enforce a 100% tariff on Chinese EVs. The sanctions put by Canada on Chinese EVs are similar that U.S. and Europe put that “to protect domestic manufacturing” from the threat of low-cost EVs from China.
The move come at the time when China’s largest EV makers, BYD is preparing to launch it’s EVs in Canada. BYD is already a leading EV brand in Mexico, but with entry in Canada could be the great step of the automakers again the North American auto market.
Trudeau said the new tariffs on Chinese EVs will go into effect on October 1, 2024, to “level the playing field for Canadian workers.” The tariffs will apply to electric and select hybrid passenger cars, buses, trucks and delivery vans.
However there is no official announcement from the brand but a regulatory filing in the country last month reveal that it was moving closer. Further the BYD Canada officials has met with government and inquiries about the location for opening retail with dealers.
Although the brand has doing great in the Mexico but BYD’s America CEO, Stella Li, has already said the currently company has no plans to sell passengers EVs in the U.S. due to the confusion political scenario. However it already selling its eclectic buses in the States.
