Clean Tech News & Views: EVs, Solar Energy, Batteries
, BYD, the Chinese electric vehicle behemoth that needs no introduction, is setting its sights on the Canadian market, a move that could potentially disrupt the EV landscape in the Great White North. But, it might not be a cake walk, as the Canadian Government is looking into imposing tariffs the way the United States did. Between this and other obstacles, it probably won’t be a cakewalk.The Shenzhen-based automaker has already made significant strides in the global EV market.
Despite this setback, Chinese companies still need to find new markets, so they’re going to continue plans for Mexican sales, and now they’re apparently looking into Canada. But, we have to remember that Canada does have strong ties with the United States that will affect the situation.For one, the Canadian government’s potential tariffs on Chinese-made EVs could significantly impact BYD’s pricing strategy and market share in Canada.
One of the key factors that could give BYD an edge in the Canadian market is its ability to produce EVs at a significantly lower cost than its competitors., Chinese automakers like BYD can make EVs for about a third of the cost of their North American counterparts. This cost advantage could allow BYD to offer its EVs at a more competitive price point in Canada, making them an attractive option for price-conscious consumers.
It might also be possible to prevent tariffs by undercutting a coalition that would vote for such taxes. By pitting protectionism against environmentalism, the company could lobby to make the tariffs either not happen or be small enough to be manageable for a smaller-scale entry into the market.
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