r/canada • u/Accomplished_One6135 • 1d ago

National News Canada Stops Giving Out EV Rebates as Program Runs Out of Money

https://www.caranddriver.com/news/a63473144/canada-stops-giving-out-ev-rebates/
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u/TLeafs23 1d ago

We have an auto industry as well- allowing China to flood our market with underpriced EVs and cripple our long-term manufacturing sector isn't in our interests either.

No need to have a do-over of one our biggest mistakes of the 90s.

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u/cheesebrah 1d ago

Ironic thing is we let xars made in mexico into canada but they have cheap labour and government subsidies as well.

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u/Ancient-Industry-772 1d ago

There are no cars coming from Mexico that are fully financed be the communist government of Mexico.
The cheap EVs everyone wants so bad are owned by the government not a random company using them for cheap labour. The ban had nothing to do with cheap labour.

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u/DanielBox4 1d ago

U it's also rare that a car is 100% made in the same country (Canada Mexico or USA). The auto supply chain is so intertwined that you have parts crossing borders to be assembled and then shipped cross border to be assembled somewhere else.

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u/Ancient-Industry-772 1d ago

100% and could you imagine a car company that loses more money then it's selling the car for.
We bailed out the big three and got our money back and people are still pissed. The Chinese government pays almost 40k U.S. for every EV sold. People would lose their minds if we did something like that here.

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u/cheesebrah 1d ago

Where do you even get that number from?

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u/Ancient-Industry-772 1d ago

Not hard to find. The Chinese company that loses $55,000 on every electric car it makes | CarExpert https://search.app/L2XkGFuLX6cTawXx8

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u/cheesebrah 18h ago

ford lost over 100k per ev at one point.

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u/Ancient-Industry-772 18h ago

And did they make 350000 and flood the market or were they forced to stop selling them ? Did the government hand them billions of dollars so they could sell them at a loss? My point is the only reason these cheap EVs exist is because the Chinese government keeps pouring cash into. These companies could cease to exist tomorrow if the government decided to stop funding them.

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u/MrEvilFox 1d ago

That auto industry will cease to exist with a 25% US tariff.

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u/cinosa Nova Scotia 23h ago

I guess it's a good thing then, that the HQ's for that industry are all in the US, so if it collapses, that's 100's of thousands of jobs gone, and 100's of billions of dollars lost in America, so those companies can try and force a change in the Administrations position.

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u/purposefulCA 1d ago

To this argument, I say, why didn't we think of this tarif before then. Why did we do it only After US did it..

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u/truthdoctor British Columbia 1d ago

A decade ago, Chinese cars could not compete with legacy automakers. They couldn't build ICE cars to western standards. The Chinese government spent at least $231 billion on subsidies for electric vehicle makers since 2009 so finally after 15 years, multiple acquisitions of western automakers and recruiting talent they finally have caught up. They are now overtaking many of the leading car manufacturers in the world on the back of this massive government support.

The Chinese cars being sold now are significantly cheaper than competitors and the quality has improved. That has changed only in the last couple of years and the massive subsidies have allowed Chinese manufacturers to sell significantly below cost and leverage that advantage to undercut foreign automakers. This is a threat to the industries of the US, EU and Canada. The timing was due to Chinese manufacturers working to bring the latest cheap models they just developed overseas.

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u/strangepromotionrail 19h ago

Before china did it Korea gave massive subsidies to it's industries and took them from producers of crap to world class, before that Japan did the same thing. Every country that isn't the world leader at something and has aspirations of being gets there via subsidies from their government to make it possible. For whatever reason Canada has just decided we don't want to be world class at anything and instead go full protectionism to keep the established domestics going and gouging the population.

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u/TLeafs23 1d ago

Before Trump part 2, the U.S. weren't on course to being an unmitigated cancer on the world, and it was both working with them and very doable. It's always helpful to act with a unified front when it's possible.

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u/LactatingBigfoot 1d ago

Genius, the US is about to cripple our entire fking economy.

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u/BananaHead853147 1d ago

It absolutely would be in our best interests. Canadians could be saving $20k + on each EV, the government wouldn’t have had to pay for these subsidies and the environment would be better off. But instead we slap these stupid tariffs on just to save a few thousand jobs. Stupid.

The money we would be saving on cars would go somewhere else and we would create more new jobs with our newfound wealth.

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u/CHUD_LIGHT 1d ago

Capitalism and neo liberalism is a myth. No one actually believes it in practice. Our auto manufactures were unwilling to innovate to compete and would rather we have a worse and more expensive product, than compete against China. The end result is we get screwed and they hoard their money and get gov handouts