Market Outlook: Chinese EV imports raise stakes for Canada's auto sector [BNN Bloomberg (Canada)]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
Company Research
Source: BNN Bloomberg
tariffs, potentially improving affordability for consumers while raising concerns about domestic auto manufacturing. BNN Bloomberg spoke with Daniel Breton, president and CEO of Electric Mobility Canada, about how lower-cost electric vehicles could influence Canadian buying decisions, competition among automakers and the country's evolving EV supply chain. Key Takeaways Reduced tariffs on Chinese-made electric vehicles could increase access to lower-priced models in a market struggling with affordability. Greater competition may push global automakers to accelerate development of more affordable EVs for Canadian consumers. The policy shift underscores Canada's need to diversify trade partners amid uncertainty in U.S. auto trade relations. Imported EVs may support faster adoption but raise concerns about protecting domestic manufacturing jobs. Long-term benefits will depend on whether Canada can attract investment in EV components and supply-chain development. Read the
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