Canada is attempting to grow its own domestic EV supply chain in order to become the world leader in EV battery production. It is already out competing China thanks to it’s large natural resource supply and developed mining and refining industries.
The general idea is that Canada doesn’t want to be China’s supplier of raw materials and helping them become the world’s supplier of EV batteries when Canada could be that supplier.
Canada doesn’t want to be China’s supplier of raw materials and helping them become the world’s supplier of EV batteries when Canada could be that supplier.
A shame we don’t do that with any of our other resources.
Realistically, our terrible productivity and China’s lax environmental/safety standards seem like they’re gonna doom this effort, but I’m all for trying.
Why did Canada impose a 100% tariff on Chinese EVs a few months ago?
Australia didn’t.
Canada is attempting to grow its own domestic EV supply chain in order to become the world leader in EV battery production. It is already out competing China thanks to it’s large natural resource supply and developed mining and refining industries.
The general idea is that Canada doesn’t want to be China’s supplier of raw materials and helping them become the world’s supplier of EV batteries when Canada could be that supplier.
A shame we don’t do that with any of our other resources.
It’s never too late to pick up a good habit.
Realistically, our terrible productivity and China’s lax environmental/safety standards seem like they’re gonna doom this effort, but I’m all for trying.