Canada faces a very difficult policy decision when it comes to Chinese EVs: professor

แชร์
ฝัง
  • เผยแพร่เมื่อ 13 พ.ค. 2024
  • Canada will have to decide between its target for 100% ZEV sales by 2035, and following the US lead on putting tariffs on Chinese EVs, says Ian Lee, management professor at the Sprott School of Business, Carleton University.
    Subscribe to BNN Bloomberg to watch more videos: / bnnbloomberg
    Connect with BNN Bloomberg:
    For the latest news visit: www.bnnbloomberg.ca
    For a full video offering visit BNN Bloomberg: www.bnnbloomberg.ca/video
    BNN Bloomberg on Facebook: / bnnbloomberg
    BNN Bloomberg on Twitter: / bnnbloomberg
    BNN Bloomberg on Instagram: / bnnbloomberg
    BNN Bloomberg on LinkedIn: / bnn-bloomberg
    --
    BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.

ความคิดเห็น • 145

  • @FEDD
    @FEDD 12 วันที่ผ่านมา +12

    Chinese smartphones are built with excellent value. EVs won't be any different. We need affordable cars, let the markets decide

    • @hchalz
      @hchalz 7 วันที่ผ่านมา

      Nonsense utterly nonsense. Justin Trudeau will decide, not the market.

  • @davidliuis
    @davidliuis 14 วันที่ผ่านมา +12

    Don't Tariffs and Import Taxes inflate prices? Didn't the Bank of Canada increase interest rate to combat inflation?? Canadians NEED choices AND affordable products/services!!
    The US is a military super-power (military spending is bigger then the next 10 countries combined), so you buy weapons from them...
    The Chinese is a manufacturing super-power (manufacturing capacity is bigger then the next 10 countries combined), so you buy goods from them...

    • @webrbio3153
      @webrbio3153 13 วันที่ผ่านมา

      The Chinese use economic warfare to win before conflict breaks out. Fewer deaths but similar results. Your top line is correct.

  • @martincuda7947
    @martincuda7947 12 วันที่ผ่านมา +4

    We will object if China is cut out. We are not as wealthy as the US to be able to afford North American made EVs. The Chinese EVs are good.

    • @martincuda7947
      @martincuda7947 12 วันที่ผ่านมา +1

      Although I would be content to keep driving gas powered cars to support Alberta's oil and gas industry. We can't even connect all Canadians with high speed internet let alone have enough charging stations.

  • @h8rry
    @h8rry 14 วันที่ผ่านมา +10

    Bring Chinese affordable EV here. All EV here unaffordable. Damn government just tariff everything

    • @webrbio3153
      @webrbio3153 13 วันที่ผ่านมา

      Why you want to directly fund the CCP basic dictatorship?

  • @Seven.Heavenly.Sins.666
    @Seven.Heavenly.Sins.666 13 วันที่ผ่านมา +3

    Canadians are already very upset over the increase of càrbon tax that they have to pay at the gas pumps. EVs would lower the additional burden brought on by the carbon tax.

  • @johnlaw6735
    @johnlaw6735 12 วันที่ผ่านมา +1

    Canada DOES NOT have an auto industry, Canada has an "Auto ASSEMBLY industry"

  • @eanerickson8915
    @eanerickson8915 14 วันที่ผ่านมา +13

    Hungary is full speed ahead. Maybe I will move there.

    • @webrbio3153
      @webrbio3153 13 วันที่ผ่านมา

      I endorse you joining the tribe.

  • @murrat
    @murrat 14 วันที่ผ่านมา +15

    Let the low end Chinese EV in without tax. The west cannot however let these EV's be data collectors for the CPP. Disable data collection and let them in. I need a $10K EV.

    • @TimmyNigfartish
      @TimmyNigfartish 14 วันที่ผ่านมา

      As someone working in tech, data collection through cars is the dumbest thing that the US has come up with in order to invoke fear. The Chinese won't collect your data via your Chinese car paired with your phone via bluetooth. Please stop believing in this nonsense.

    • @noseboop4354
      @noseboop4354 14 วันที่ผ่านมา

      How about missing the EV targets instead? The next government is going to be conservative anyways.

    • @LaBambaCL
      @LaBambaCL 14 วันที่ผ่านมา +1

      unfortunately, the $10k usd ev price is in china only. by the time, code, shipping, distribution, closer to 15-20k usd.

    • @webrbio3153
      @webrbio3153 13 วันที่ผ่านมา

      Not going to happen. The CCP will know your eating and sleeping habits and where you are at all times. It'll be a 20K purchase for you. Canadians will be directly funding the CCP so they can take over. Any other silly ideas you got?

    • @tomtube1012
      @tomtube1012 11 วันที่ผ่านมา

      @@LaBambaCL Shipping it here is closer to $3k. If there's no tariffs, I think $13k should do it.

  • @fatfishfilms4569
    @fatfishfilms4569 11 วันที่ผ่านมา +1

    EV not suitable for canadian winter. But if i can get one for 15k, i will live with all the drawbacks.

  • @jptrainor
    @jptrainor 14 วันที่ผ่านมา +18

    We will subsidize production of 7000 lb three row behemoth SUV EVs. While China produces practical small EVs that people actually want to buy. Therefore, we must tariff them out of existence in our market.

    • @cosmoobserver3416
      @cosmoobserver3416 12 วันที่ผ่านมา

      China also make muscular EVs and hybrids. Check Yangwang U8, a 1,100 horsepower all-terrain beast that can even swim in water.

  • @eanerickson8915
    @eanerickson8915 14 วันที่ผ่านมา +8

    BYD. Very nice. I use lazy Cannuck unions could make such fine machines.

  • @dltn42
    @dltn42 14 วันที่ผ่านมา +12

    Prepared for Inflation on EVs, Hybrids, and Solar panels? HAHAHAHAHAHAHA

  • @john_doe_not_found
    @john_doe_not_found 13 วันที่ผ่านมา +20

    I know the Chinese can wipe out the Canadian Auto Industry.. but, having every Canadian able to access $10,000 brand new EVs would be such an automotive game changer. Canada wants to electrify the transportation industry, these prices would electrify the transportation industry very quickly.
    Rather than $50,000+ Teslas, we could be buying brand new cars for $14,000.

    • @john_doe_not_found
      @john_doe_not_found 13 วันที่ผ่านมา +2

      @@jack99889988 The difference between the foreign brands in Canada, and the Chinese is that the foreign brands in Canada employ Canadians. The Chinese can only build the EVs for 10k because they are built in China, within an ecosystem of cheap input materials and cheap labor. If Canada took the blueprints and tried to build the car here, it would end up costing 50k.
      So there will be no automotive jobs in Canada if we decide to import the low cost Chinese cars. And, I think I would be ok with that, if not for China being a communist nation who might go to war with us in the future.

    • @godzillamothra5983
      @godzillamothra5983 12 วันที่ผ่านมา +2

      @@john_doe_not_foundthe Chinese have built EV factories in Mexico, South East Asia and Europe, no reason why they can't build factories in Canada

    • @cosmoobserver3416
      @cosmoobserver3416 12 วันที่ผ่านมา +3

      As If Canada had its own auto industry 😂😂😂. Excuse me, can you name a local 🇨🇦 brand of auto?

    • @john_doe_not_found
      @john_doe_not_found 12 วันที่ผ่านมา

      @@jack99889988 BYD cannot build a $10,000 EV in Canada. Canada has no cost advantage. If they built the car here it would cost $50,000.
      China has a competitive advantage because: low labor cost, low/subsidized electricity, low material costs. Canada has none of these advantages, so if the cars were built here, they would be failures.
      Canada needs to build out its mining sector and refining sector to provide low and abundant input materials. Canada needs to build out it's electrical grid and supply to drop costs and support EV uptake. Canada also has to build out its road/rail/pipeline network to better facilitate the transport of goods on time and at low cost. And there is nothing to be done about labor costs, those will always be higher, unless the nation fails.
      Canada can't build out road/rail/pipeline/mines, because most land is owned by native groups and it takes 10+ years to negotiate anything. Canada's federal government is no better, any project is tied up in environmental assessments for 10+ years.

    • @John.F_Kennedy
      @John.F_Kennedy 12 วันที่ผ่านมา

      Not a single Canadian needs to buy a Canadian made car for the Canadian auto sector to exist.

  • @eb94499
    @eb94499 10 วันที่ผ่านมา +1

    The US wants to protect its car manufacturers. What Canadian car manufacturers do the Canadian government wish to protect?

    • @theowoytowich9959
      @theowoytowich9959 8 วันที่ผ่านมา

      They have spent over$40 Billion in taxpayers subsides on the industry

  • @querty292
    @querty292 14 วันที่ผ่านมา +2

    Yeah. Follow the USA for no good reason and get saddled with crappy Teslas or a couple of Hyundais and nothing more.

    • @bennyraichu
      @bennyraichu 13 วันที่ผ่านมา

      Isn’t blindly following the US’s lead and getting the sh*t end of the stick our country’s MO?

  • @paulg1358
    @paulg1358 14 วันที่ผ่านมา +2

    Recent US financial studies revealed BYD has 1st rate construction and they were blown away by the high quality. Just let them sell these cars in Canada minus any tracking BS and hope our idiot Fed libs don’t triple the price leaving many 😊middle class out of loop as usual.

    • @webrbio3153
      @webrbio3153 13 วันที่ผ่านมา

      Teslas are superior vehicles minus the added expense. It's all about the supercharger network in north America.

    • @sfjava6239
      @sfjava6239 12 วันที่ผ่านมา

      @@webrbio3153 LOL, even Toyota cheapest car has better built quality than Tesla.

    • @fatfishfilms4569
      @fatfishfilms4569 11 วันที่ผ่านมา

      ​@@webrbio3153riding in tesla 3 is like riding on the floor. Lexus and mazda are much more comfy.

  • @Germany._.Kit77
    @Germany._.Kit77 6 วันที่ผ่านมา

    Don't buy. Cheap and still exploding battery 😢

  • @donaldliard6054
    @donaldliard6054 12 วันที่ผ่านมา

    Should stop giving insensitive with taxpayer dollars. Won't work here in Canada.

  • @willwong1234
    @willwong1234 12 วันที่ผ่านมา

    Speaking of "game changer", Prof. Ian Lee is sitting in a gaming chair! Wonder which online games are his faves...🤔

  • @Don-ex5ih
    @Don-ex5ih 12 วันที่ผ่านมา

    You can turn your old gas car into EVs . You don’t have to buy Tesla or BYD. There are tools online you can buy

  • @ALWH1314
    @ALWH1314 6 วันที่ผ่านมา

    US tariff Chinese EV to protect domestic car makers, who does Canada need to protect, US car makers?

  • @christopherrichardwadedett4100
    @christopherrichardwadedett4100 14 วันที่ผ่านมา

    If they can't get you, they'll get your wife and kids, otherwise your brothers and sisters, or your mother and father. Prayers

  • @catlerbatty
    @catlerbatty 13 วันที่ผ่านมา +1

    Canada should pool all their brainpower to produce high quality evs and sell them to the US. Look at this as an opportunity.

    • @MathTidbits
      @MathTidbits 12 วันที่ผ่านมา

      just like the avro arrow ?

    • @abdillin
      @abdillin 5 วันที่ผ่านมา

      Not possible, we couldn't even come together over a pipeline no way we can manufacture anything

  • @saml332
    @saml332 14 วันที่ผ่านมา +3

    Drop EV or yield to China

    • @rok1475
      @rok1475 14 วันที่ผ่านมา +1

      Vote in next general election to put different clowns in charge.

    • @MathTidbits
      @MathTidbits 12 วันที่ผ่านมา +1

      @@rok1475 what is mr. poilieve policy on chinese ev? I presume same same with trudeau; just follow us dictats ?

  • @robvannNS
    @robvannNS 14 วันที่ผ่านมา +11

    Not to worry most countries will be driving quality and affordable Chinese Ev's ..Ameicans just get to pay a lot more. Canada needs to step up and allow these cars in.

    • @BnMProductions11
      @BnMProductions11 13 วันที่ผ่านมา

      Not looking forward to that, China is going to destroy the Wests economy by undercutting all our industry through slave labour and 996

  • @josephsmith594
    @josephsmith594 11 วันที่ผ่านมา +1

    So you’re charging me the carbon tax to incentivize me to buy an EV, but refusing to allow me to buy an affordable one?

    • @theowoytowich9959
      @theowoytowich9959 8 วันที่ผ่านมา

      The Chinese build their cars using coal powered electricity without paying carbon tax. Now we are buying there cars, how hypocritical !!!

    • @abdillin
      @abdillin 5 วันที่ผ่านมา

      Finally someone with sense

    • @josephsmith594
      @josephsmith594 5 วันที่ผ่านมา

      @@theowoytowich9959 You’re funny.

  • @JeffSSartor
    @JeffSSartor 14 วันที่ผ่านมา

    I mean duh. I cant make it to lake louise and back on a charge. Of course i dont want one

  • @user-lr8zd6yl8m
    @user-lr8zd6yl8m 12 วันที่ผ่านมา +2

    Chinese speed,way too fast for foreigners.

    • @peterg0
      @peterg0 10 วันที่ผ่านมา

      You should said way too fast for corrupt stupid politicians...

  • @thomasmazur5787
    @thomasmazur5787 12 วันที่ผ่านมา

    "Fair competition" the American style. Canada will follow. Canada does 80% of its trade with the US. No choice.

  • @lominiski
    @lominiski 13 วันที่ผ่านมา

    Can you get a Chinese EV in the US or Canada? The US and Canadian markets are pretty small compared to those in China. It is minuscule. The Chinese is going....who cares. 20 years of EV talk and the Americans have nothing?

    • @kenyup7936
      @kenyup7936 9 วันที่ผ่านมา

      Tesla in Canada is mic

  • @joka5345
    @joka5345 14 วันที่ผ่านมา +4

    Yes we object to the tariffs

    • @alexg9727
      @alexg9727 14 วันที่ผ่านมา +1

      Ive literally never heard of anyone buying chinese EV

    • @alexg9727
      @alexg9727 13 วันที่ผ่านมา

      @@jack99889988 Nobody buys either of those cars. There isnt even a volvo or Lotus dealership North of Toronto

    • @alexg9727
      @alexg9727 13 วันที่ผ่านมา

      @@jack99889988 In my life ive seen maybe one lotus. Once a month you might see a volvo POS

    • @alexg9727
      @alexg9727 13 วันที่ผ่านมา

      @@jack99889988 Even when I lived in Toronto nobody is buying those POS

    • @kenyup7936
      @kenyup7936 9 วันที่ผ่านมา

      @@alexg9727Tesla in Canada is mic from Shanghai

  • @Dam-a-fence
    @Dam-a-fence 13 วันที่ผ่านมา

    Hahaha, yeah, okay, like I can care about owning an EV.
    My landlord won't even repair my collapsing ceiling.
    Save up for a down payment?
    Hahahaha, yeah, okay, like I can care about paying myself before I pay the credit cards.

  • @Gord19
    @Gord19 14 วันที่ผ่านมา +1

    Buy Canadian !

    • @philshyu5248
      @philshyu5248 14 วันที่ผ่านมา +3

      Yes! Ban all EVs that are not built in Canada by a Canadian Auto Manufacturer! Electric Ski-doos, here we come! 😃

    • @pinkcichlid
      @pinkcichlid 14 วันที่ผ่านมา +3

      We make potatoes, literally.

    • @webrbio3153
      @webrbio3153 13 วันที่ผ่านมา +2

      @@philshyu5248 I support Can made electric skidoo commuting and weekend grocery getting. Unless you elect to stick with your sled dogs, which are also green.

  • @hiro0500
    @hiro0500 12 วันที่ผ่านมา

    Hey does cheap ev mean there is a chance cheaper insurance?

  • @ZoomZoomMX3
    @ZoomZoomMX3 12 วันที่ผ่านมา

    Mist Canadians can't afford EVs as is. With none under 25 thousand theres no point to them.
    Chibese made EVs are horrible quality so badly i wouldn't recommend you even get into one.

    • @WANDERER0070
      @WANDERER0070 12 วันที่ผ่านมา +1

      How many chinese ev do you own 😂

  • @sovereignty14
    @sovereignty14 10 วันที่ผ่านมา +1

    Electric vehicles _made in _*_China,_* shipped across the world, are “green”……?

    • @maynotbe
      @maynotbe 9 วันที่ผ่านมา

      it is still better than shipping ice cars

    • @maynotbe
      @maynotbe 9 วันที่ผ่านมา

      don't you know it's only green if it's produced by western countries, but commie black if it's made in China

    • @sovereignty14
      @sovereignty14 9 วันที่ผ่านมา

      @@maynotbe , no, it's not that simple. Compared to the mining of lithium, etc., and the roadway consequences of the much-heavier nature of EVs, there's nothing definitive on the “greener” aspect of EVs. Regardless, it's a joke to consider any vehicle shipped from China being “green”.

  • @manojchowdhary4208
    @manojchowdhary4208 10 วันที่ผ่านมา +1

    In another news PM Trudeau has found credible allegations that Indian diplomats are selling too many Chinese EVs in Canada. 😂😂

  • @Do-not-be-sheep
    @Do-not-be-sheep 11 วันที่ผ่านมา

    It's not a difficult decision at all. A significant portion of Canada's economy and federal revenue is dependent on our domestic automotive industry.
    The only reason these vehicles are $10,000 is because they are being sold below the cost of production in the west - it's called dumping and is illegal.
    If you were foolish enough to buy a chinese EV then what you will find out quickly is that they will break down frequently and repairs (now that you own the vehicle) will cost more than the new vehicle. China's strategy is the same as printer manufacturers who sold their inkjet printers below cost because they made an enormous profit on ink cartridges.
    But if the economic reasons don't convince you then consider human rights violations (Uyghur genocide), military aggression towards all of their neighbours, the use of North Korean slaves, child labour in their African mines, illegal trade practices, global environment destruction (China produces more carbon (13+ trililion tonnes) than all the g20 nations combined from their 3000+ coal fired generating stations, which increases annually by the same amount of carbon that Canada produces annually (500 billion tonnes per year))

    • @abdillin
      @abdillin 5 วันที่ผ่านมา

      Cool paragraph, I'm still gonna buy one if it's dirt cheap.

    • @Do-not-be-sheep
      @Do-not-be-sheep 5 วันที่ผ่านมา

      @@abdillin I suspect canada will have to follow the USA with 100 percent tariffs on their electric vehicles

  • @olivur_1459
    @olivur_1459 13 วันที่ผ่านมา

    I disagree with the Professor. Canada doesn't need Chinese EVs to reach the goal by 2035.

  • @johnwood5387
    @johnwood5387 13 วันที่ผ่านมา +1

    Maybe be we should sell these evs at dollarama!
    Chinese products are garbage that's why we have dollar stores
    You know they won't last!

    • @RicAr-ml8nu
      @RicAr-ml8nu 13 วันที่ผ่านมา +1

      But BYD now makes the best evs in the world for half the cost of a tesla. Nobody on earth can beat that.

    • @theowoytowich9959
      @theowoytowich9959 5 วันที่ผ่านมา

      @@RicAr-ml8nu How would you know? How many of these vehicles are there in Canada?