Probably because local industry needs to sell vehicles to make money, not go into $40B debt fronted by the Chinese government.
For every EV sold, Ford sells 15 F150s.
EV sales are barely 6%, you want to try and stay alive with 6% of the market? EU sales are higher, but EU is warmer and they drive a fraction of the distances of Canada.
I thought most of the Canadian car industry are assembly lines for US American and Japanese companies. Especially the US part is probably dead anyway, given Trumps tariffs.
Seems like local industry only wants to focus on ICE vehicles so there’s not much to protect
Probably because local industry needs to sell vehicles to make money, not go into $40B debt fronted by the Chinese government.
For every EV sold, Ford sells 15 F150s.
EV sales are barely 6%, you want to try and stay alive with 6% of the market? EU sales are higher, but EU is warmer and they drive a fraction of the distances of Canada.
I thought most of the Canadian car industry are assembly lines for US American and Japanese companies. Especially the US part is probably dead anyway, given Trumps tariffs.