Canada Takes a Step Towards Electric Vehicle Adoption with Tariff Reduction In a bid to boost the adoption of electric vehicles (EVs) in the country, Canada has agreed to significantly reduce its tariffs on Chinese-made EVs. The new tariff, set at 6.1 per cent, is a far cry from the previous 100 per cent duty, making Chinese EVs more competitive in the Canadian market. The move, which comes with an annual import cap of 49,000 vehicles, will allow about three per cent of Canada's market to be filled by Chinese EVs. This decision could pave the way for more affordable and environmentally friendly options for Canadian consumers, but it remains to be seen how this development will impact the country's domestic EV manufacturing industry.
Canada recently agreed to reduce its 100 per cent tariff on Chinese-made electric vehicles to 6.1 per cent, with an annual import cap of 49,000 vehicles — about three per cent of Canada’s market.
