CleanTechnica•about 1 month ago
Canada’s New Trade Agreement Has Far Reaching EV Implications
Key Takeaway
The Canada-China EV trade deal will accelerate EV adoption in Canada, driving future electricity demand and creating opportunities for charging infrastructure and grid development.
AI Summary
- •Canada's new trade agreement with China allows for a quota of 49,000 EVs at a 6.1% tariff, increasing to 70,000 vehicles over five years.
- •This policy change is expected to significantly boost EV adoption rates in Canada by making Chinese-made EVs more accessible and affordable.
- •For developers, this implies a growing need for EV charging infrastructure projects and associated grid upgrades to support increased electricity demand.
- •Large power consumers should anticipate potential increases in overall grid load and plan for future energy needs, possibly exploring fleet electrification opportunities.
Topics
emissionsoempolicy
Article Content
As Steve recently wrote, Canada announced a trade deal with China that will allow a quota of 49,000 EVs at a tariff rate of 6.1%, raising to 70,000 vehicles over five years. This is big news. While the quota volume might look small compared to the Chinese market, it makes ... [continued] The post Canada’s New Trade Agreement Has Far Reaching EV Implications appeared first on CleanTechnica .