Canada faces a very difficult policy decision when it comes to Chinese EVs: professor

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  • čas přidán 13. 05. 2024
  • Canada will have to decide between its target for 100% ZEV sales by 2035, and following the US lead on putting tariffs on Chinese EVs, says Ian Lee, management professor at the Sprott School of Business, Carleton University.
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Komentáře • 149

  • @FEDD
    @FEDD Před 23 dny +13

    Chinese smartphones are built with excellent value. EVs won't be any different. We need affordable cars, let the markets decide

    • @hchalz
      @hchalz Před 18 dny

      Nonsense utterly nonsense. Justin Trudeau will decide, not the market.

  • @davidliuis
    @davidliuis Před 25 dny +13

    Don't Tariffs and Import Taxes inflate prices? Didn't the Bank of Canada increase interest rate to combat inflation?? Canadians NEED choices AND affordable products/services!!
    The US is a military super-power (military spending is bigger then the next 10 countries combined), so you buy weapons from them...
    The Chinese is a manufacturing super-power (manufacturing capacity is bigger then the next 10 countries combined), so you buy goods from them...

    • @webrbio3153
      @webrbio3153 Před 24 dny

      The Chinese use economic warfare to win before conflict breaks out. Fewer deaths but similar results. Your top line is correct.

  • @johnlaw6735
    @johnlaw6735 Před 22 dny +3

    Canada DOES NOT have an auto industry, Canada has an "Auto ASSEMBLY industry"

  • @h8rry
    @h8rry Před 24 dny +10

    Bring Chinese affordable EV here. All EV here unaffordable. Damn government just tariff everything

    • @webrbio3153
      @webrbio3153 Před 24 dny

      Why you want to directly fund the CCP basic dictatorship?

  • @martincuda7947
    @martincuda7947 Před 23 dny +4

    We will object if China is cut out. We are not as wealthy as the US to be able to afford North American made EVs. The Chinese EVs are good.

    • @martincuda7947
      @martincuda7947 Před 23 dny +1

      Although I would be content to keep driving gas powered cars to support Alberta's oil and gas industry. We can't even connect all Canadians with high speed internet let alone have enough charging stations.

  • @Seven.Heavenly.Sins.666
    @Seven.Heavenly.Sins.666 Před 24 dny +3

    Canadians are already very upset over the increase of càrbon tax that they have to pay at the gas pumps. EVs would lower the additional burden brought on by the carbon tax.

  • @eanerickson8915
    @eanerickson8915 Před 24 dny +14

    Hungary is full speed ahead. Maybe I will move there.

  • @eanerickson8915
    @eanerickson8915 Před 24 dny +9

    BYD. Very nice. I use lazy Cannuck unions could make such fine machines.

  • @fatfishfilms4569
    @fatfishfilms4569 Před 22 dny +1

    EV not suitable for canadian winter. But if i can get one for 15k, i will live with all the drawbacks.

  • @dltn42
    @dltn42 Před 25 dny +12

    Prepared for Inflation on EVs, Hybrids, and Solar panels? HAHAHAHAHAHAHA

  • @john_doe_not_found
    @john_doe_not_found Před 24 dny +21

    I know the Chinese can wipe out the Canadian Auto Industry.. but, having every Canadian able to access $10,000 brand new EVs would be such an automotive game changer. Canada wants to electrify the transportation industry, these prices would electrify the transportation industry very quickly.
    Rather than $50,000+ Teslas, we could be buying brand new cars for $14,000.

    • @john_doe_not_found
      @john_doe_not_found Před 24 dny +2

      @@jack99889988 The difference between the foreign brands in Canada, and the Chinese is that the foreign brands in Canada employ Canadians. The Chinese can only build the EVs for 10k because they are built in China, within an ecosystem of cheap input materials and cheap labor. If Canada took the blueprints and tried to build the car here, it would end up costing 50k.
      So there will be no automotive jobs in Canada if we decide to import the low cost Chinese cars. And, I think I would be ok with that, if not for China being a communist nation who might go to war with us in the future.

    • @godzillamothra5983
      @godzillamothra5983 Před 23 dny +2

      @@john_doe_not_foundthe Chinese have built EV factories in Mexico, South East Asia and Europe, no reason why they can't build factories in Canada

    • @cosmoobserver3416
      @cosmoobserver3416 Před 23 dny +3

      As If Canada had its own auto industry 😂😂😂. Excuse me, can you name a local 🇨🇦 brand of auto?

    • @john_doe_not_found
      @john_doe_not_found Před 23 dny

      @@jack99889988 BYD cannot build a $10,000 EV in Canada. Canada has no cost advantage. If they built the car here it would cost $50,000.
      China has a competitive advantage because: low labor cost, low/subsidized electricity, low material costs. Canada has none of these advantages, so if the cars were built here, they would be failures.
      Canada needs to build out its mining sector and refining sector to provide low and abundant input materials. Canada needs to build out it's electrical grid and supply to drop costs and support EV uptake. Canada also has to build out its road/rail/pipeline network to better facilitate the transport of goods on time and at low cost. And there is nothing to be done about labor costs, those will always be higher, unless the nation fails.
      Canada can't build out road/rail/pipeline/mines, because most land is owned by native groups and it takes 10+ years to negotiate anything. Canada's federal government is no better, any project is tied up in environmental assessments for 10+ years.

    • @John.F_Kennedy
      @John.F_Kennedy Před 23 dny

      Not a single Canadian needs to buy a Canadian made car for the Canadian auto sector to exist.

  • @murrat
    @murrat Před 25 dny +15

    Let the low end Chinese EV in without tax. The west cannot however let these EV's be data collectors for the CPP. Disable data collection and let them in. I need a $10K EV.

    • @TimmyNigfartish
      @TimmyNigfartish Před 24 dny

      As someone working in tech, data collection through cars is the dumbest thing that the US has come up with in order to invoke fear. The Chinese won't collect your data via your Chinese car paired with your phone via bluetooth. Please stop believing in this nonsense.

    • @noseboop4354
      @noseboop4354 Před 24 dny

      How about missing the EV targets instead? The next government is going to be conservative anyways.

    • @LaBambaCL
      @LaBambaCL Před 24 dny +1

      unfortunately, the $10k usd ev price is in china only. by the time, code, shipping, distribution, closer to 15-20k usd.

    • @webrbio3153
      @webrbio3153 Před 24 dny

      Not going to happen. The CCP will know your eating and sleeping habits and where you are at all times. It'll be a 20K purchase for you. Canadians will be directly funding the CCP so they can take over. Any other silly ideas you got?

    • @tomtube1012
      @tomtube1012 Před 22 dny

      @@LaBambaCL Shipping it here is closer to $3k. If there's no tariffs, I think $13k should do it.

  • @jptrainor
    @jptrainor Před 25 dny +18

    We will subsidize production of 7000 lb three row behemoth SUV EVs. While China produces practical small EVs that people actually want to buy. Therefore, we must tariff them out of existence in our market.

    • @cosmoobserver3416
      @cosmoobserver3416 Před 23 dny

      China also make muscular EVs and hybrids. Check Yangwang U8, a 1,100 horsepower all-terrain beast that can even swim in water.

  • @Germany._.Kit77
    @Germany._.Kit77 Před 17 dny

    Don't buy. Cheap and still exploding battery 😢

  • @eb94499
    @eb94499 Před 21 dnem +1

    The US wants to protect its car manufacturers. What Canadian car manufacturers do the Canadian government wish to protect?

    • @theowoytowich9959
      @theowoytowich9959 Před 19 dny

      They have spent over$40 Billion in taxpayers subsides on the industry

  • @JeffSSartor
    @JeffSSartor Před 24 dny

    I mean duh. I cant make it to lake louise and back on a charge. Of course i dont want one

  • @willwong1234
    @willwong1234 Před 22 dny

    Speaking of "game changer", Prof. Ian Lee is sitting in a gaming chair! Wonder which online games are his faves...🤔

  • @leethal59
    @leethal59 Před 2 dny +1

    Bring the Chinese EVs to the Canadian consumer market. We are fed up with enriching lazy union workers, fat cat CEOs all so I can get a warm and fuzzy feeling that I'm helping local. BS, as a consumer, we have it hard enough, don't try that moral kidnapping bs on smart consumers.

  • @Don-ex5ih
    @Don-ex5ih Před 23 dny

    You can turn your old gas car into EVs . You don’t have to buy Tesla or BYD. There are tools online you can buy

  • @user-lr8zd6yl8m
    @user-lr8zd6yl8m Před 23 dny +3

    Chinese speed,way too fast for foreigners.

    • @peterg0
      @peterg0 Před 21 dnem

      You should said way too fast for corrupt stupid politicians...

  • @christopherrichardwadedett4100

    If they can't get you, they'll get your wife and kids, otherwise your brothers and sisters, or your mother and father. Prayers

  • @querty292
    @querty292 Před 24 dny +2

    Yeah. Follow the USA for no good reason and get saddled with crappy Teslas or a couple of Hyundais and nothing more.

    • @bennyraichu
      @bennyraichu Před 24 dny

      Isn’t blindly following the US’s lead and getting the sh*t end of the stick our country’s MO?

  • @robvannNS
    @robvannNS Před 24 dny +11

    Not to worry most countries will be driving quality and affordable Chinese Ev's ..Ameicans just get to pay a lot more. Canada needs to step up and allow these cars in.

    • @BnMProductions11
      @BnMProductions11 Před 24 dny

      Not looking forward to that, China is going to destroy the Wests economy by undercutting all our industry through slave labour and 996

  • @user-tv1nc9qx2d
    @user-tv1nc9qx2d Před 4 dny

    Canada-China free trade = live and let live.

  • @paulg1358
    @paulg1358 Před 24 dny +2

    Recent US financial studies revealed BYD has 1st rate construction and they were blown away by the high quality. Just let them sell these cars in Canada minus any tracking BS and hope our idiot Fed libs don’t triple the price leaving many 😊middle class out of loop as usual.

    • @webrbio3153
      @webrbio3153 Před 24 dny

      Teslas are superior vehicles minus the added expense. It's all about the supercharger network in north America.

    • @sfjava6239
      @sfjava6239 Před 23 dny

      @@webrbio3153 LOL, even Toyota cheapest car has better built quality than Tesla.

    • @fatfishfilms4569
      @fatfishfilms4569 Před 22 dny

      ​@@webrbio3153riding in tesla 3 is like riding on the floor. Lexus and mazda are much more comfy.

  • @josephsmith594
    @josephsmith594 Před 22 dny +1

    So you’re charging me the carbon tax to incentivize me to buy an EV, but refusing to allow me to buy an affordable one?

    • @theowoytowich9959
      @theowoytowich9959 Před 19 dny

      The Chinese build their cars using coal powered electricity without paying carbon tax. Now we are buying there cars, how hypocritical !!!

    • @abdillin
      @abdillin Před 16 dny

      Finally someone with sense

    • @josephsmith594
      @josephsmith594 Před 16 dny

      @@theowoytowich9959 You’re funny.

  • @joka5345
    @joka5345 Před 25 dny +4

    Yes we object to the tariffs

    • @alexg9727
      @alexg9727 Před 25 dny +1

      Ive literally never heard of anyone buying chinese EV

    • @alexg9727
      @alexg9727 Před 24 dny

      @@jack99889988 Nobody buys either of those cars. There isnt even a volvo or Lotus dealership North of Toronto

    • @alexg9727
      @alexg9727 Před 24 dny

      @@jack99889988 In my life ive seen maybe one lotus. Once a month you might see a volvo POS

    • @alexg9727
      @alexg9727 Před 24 dny

      @@jack99889988 Even when I lived in Toronto nobody is buying those POS

    • @kenyup7936
      @kenyup7936 Před 20 dny

      @@alexg9727Tesla in Canada is mic from Shanghai

  • @donaldliard6054
    @donaldliard6054 Před 23 dny

    Should stop giving insensitive with taxpayer dollars. Won't work here in Canada.

  • @ALWH1314
    @ALWH1314 Před 17 dny

    US tariff Chinese EV to protect domestic car makers, who does Canada need to protect, US car makers?

  • @thomasmazur5787
    @thomasmazur5787 Před 23 dny

    "Fair competition" the American style. Canada will follow. Canada does 80% of its trade with the US. No choice.

  • @saml332
    @saml332 Před 25 dny +3

    Drop EV or yield to China

    • @rok1475
      @rok1475 Před 25 dny +1

      Vote in next general election to put different clowns in charge.

    • @MathTidbits
      @MathTidbits Před 22 dny +1

      @@rok1475 what is mr. poilieve policy on chinese ev? I presume same same with trudeau; just follow us dictats ?

  • @Dam-a-fence
    @Dam-a-fence Před 24 dny

    Hahaha, yeah, okay, like I can care about owning an EV.
    My landlord won't even repair my collapsing ceiling.
    Save up for a down payment?
    Hahahaha, yeah, okay, like I can care about paying myself before I pay the credit cards.

  • @hiro0500
    @hiro0500 Před 23 dny

    Hey does cheap ev mean there is a chance cheaper insurance?

  • @sovereignty14
    @sovereignty14 Před 21 dnem +1

    Electric vehicles _made in _*_China,_* shipped across the world, are “green”……?

    • @maynotbe
      @maynotbe Před 20 dny

      it is still better than shipping ice cars

    • @maynotbe
      @maynotbe Před 20 dny

      don't you know it's only green if it's produced by western countries, but commie black if it's made in China

    • @sovereignty14
      @sovereignty14 Před 20 dny

      @@maynotbe , no, it's not that simple. Compared to the mining of lithium, etc., and the roadway consequences of the much-heavier nature of EVs, there's nothing definitive on the “greener” aspect of EVs. Regardless, it's a joke to consider any vehicle shipped from China being “green”.

  • @lominiski
    @lominiski Před 24 dny

    Can you get a Chinese EV in the US or Canada? The US and Canadian markets are pretty small compared to those in China. It is minuscule. The Chinese is going....who cares. 20 years of EV talk and the Americans have nothing?

  • @Gord19
    @Gord19 Před 24 dny +1

    Buy Canadian !

    • @philshyu5248
      @philshyu5248 Před 24 dny +3

      Yes! Ban all EVs that are not built in Canada by a Canadian Auto Manufacturer! Electric Ski-doos, here we come! 😃

    • @pinkcichlid
      @pinkcichlid Před 24 dny +3

      We make potatoes, literally.

    • @webrbio3153
      @webrbio3153 Před 24 dny +2

      @@philshyu5248 I support Can made electric skidoo commuting and weekend grocery getting. Unless you elect to stick with your sled dogs, which are also green.

  • @manojchowdhary4208
    @manojchowdhary4208 Před 21 dnem +1

    In another news PM Trudeau has found credible allegations that Indian diplomats are selling too many Chinese EVs in Canada. 😂😂

  • @catlerbatty
    @catlerbatty Před 23 dny +1

    Canada should pool all their brainpower to produce high quality evs and sell them to the US. Look at this as an opportunity.

    • @MathTidbits
      @MathTidbits Před 22 dny

      just like the avro arrow ?

    • @abdillin
      @abdillin Před 16 dny

      Not possible, we couldn't even come together over a pipeline no way we can manufacture anything

    • @leethal59
      @leethal59 Před 2 dny +1

      Lol can't even construct the Eglinton LRT, 10 years overdue, you want to start producing high quality EVs? LOLOLOLOLOLOLOL

  • @ZoomZoomMX3
    @ZoomZoomMX3 Před 23 dny

    Mist Canadians can't afford EVs as is. With none under 25 thousand theres no point to them.
    Chibese made EVs are horrible quality so badly i wouldn't recommend you even get into one.

    • @WANDERER0070
      @WANDERER0070 Před 23 dny +1

      How many chinese ev do you own 😂

  • @Do-not-be-sheep
    @Do-not-be-sheep Před 22 dny

    It's not a difficult decision at all. A significant portion of Canada's economy and federal revenue is dependent on our domestic automotive industry.
    The only reason these vehicles are $10,000 is because they are being sold below the cost of production in the west - it's called dumping and is illegal.
    If you were foolish enough to buy a chinese EV then what you will find out quickly is that they will break down frequently and repairs (now that you own the vehicle) will cost more than the new vehicle. China's strategy is the same as printer manufacturers who sold their inkjet printers below cost because they made an enormous profit on ink cartridges.
    But if the economic reasons don't convince you then consider human rights violations (Uyghur genocide), military aggression towards all of their neighbours, the use of North Korean slaves, child labour in their African mines, illegal trade practices, global environment destruction (China produces more carbon (13+ trililion tonnes) than all the g20 nations combined from their 3000+ coal fired generating stations, which increases annually by the same amount of carbon that Canada produces annually (500 billion tonnes per year))

    • @abdillin
      @abdillin Před 16 dny

      Cool paragraph, I'm still gonna buy one if it's dirt cheap.

    • @Do-not-be-sheep
      @Do-not-be-sheep Před 16 dny

      @@abdillin I suspect canada will have to follow the USA with 100 percent tariffs on their electric vehicles

  • @olivur_1459
    @olivur_1459 Před 23 dny

    I disagree with the Professor. Canada doesn't need Chinese EVs to reach the goal by 2035.

    • @leethal59
      @leethal59 Před 2 dny +1

      For sure, you can support NA auto makers and unions by buying those overpriced "EVs" they sell to you. Go ahead, you'll feel warm and fuzzy and get that pat on the head by those CEOs who will thank you for your service.

  • @johnwood5387
    @johnwood5387 Před 24 dny +1

    Maybe be we should sell these evs at dollarama!
    Chinese products are garbage that's why we have dollar stores
    You know they won't last!

    • @RicAr-ml8nu
      @RicAr-ml8nu Před 24 dny +1

      But BYD now makes the best evs in the world for half the cost of a tesla. Nobody on earth can beat that.

    • @theowoytowich9959
      @theowoytowich9959 Před 16 dny

      @@RicAr-ml8nu How would you know? How many of these vehicles are there in Canada?