CleanTechnica•about 1 month ago
Opening Up EV Trade in Canada, Leaving USA Behind
Key Takeaway
Canada's opening to Chinese EV trade will accelerate EV adoption, creating significant new electricity demand and opportunities for power generation, grid infrastructure, and charging solutions.
AI Summary
- •Canada's new policy allows open trade of Electric Vehicles (EVs) with China, potentially leading to a significant influx of lower-cost Chinese EVs into the Canadian market.
- •This policy shift is expected to accelerate EV adoption rates across Canada, driving substantial new electricity demand for charging infrastructure.
- •For power developers and IPPs, this presents a clear opportunity for new generation projects and grid upgrades to support increased load growth.
- •Large power consumers, especially those with fleets, should anticipate faster EV transition and plan for expanded charging infrastructure and associated energy procurement.
Topics
emissionsfinancingoempolicystoragetransmission
Article Content
Steve Hanley, Larry Evans, and I sat down to talk about the biggest EV story of the year so far. That’s Canada opening up to EV trade with China. This is part of a larger trend of more and more countries of the world looking to China for tech leadership ... [continued] The post Opening Up EV Trade in Canada, Leaving USA Behind appeared first on CleanTechnica .