CANADIAN AUTO CRISIS: GM & STELLANTIS CLOSURES, TARIFFS & THE EV FUTURE - LIVE

EV Channels Review

This live stream discusses the ongoing automotive crisis in Canada, focusing on the impact of US tariffs and the potential influx of Chinese EVs. The host argues that Canada's heavy subsidization of its auto sector, coupled with exporting 90% of its production, leaves it with little leverage against US protectionist policies. The closure of GM and Stellantis plants in Canada is highlighted as a consequence, with the government's retaliatory measures of cutting tariff-free imports being questioned due to a lack of transparency regarding the original import numbers. The reviewer suggests that Canada's automotive sector is unsustainable in its current form and that embracing free trade, similar to Australia's approach, could lead to lower vehicle prices for consumers, despite job losses. The potential for Chinese EVs to enter the Canadian market is seen as beneficial for consumers but politically complex. The host expresses a personal opinion that Canada should aggressively pursue lower tariffs on Chinese EVs to benefit consumers, even if it means ruffling political feathers, as the current strategy is not working.