On Thursday, Canadian Prime Minister Mark Carney unveiled a revised national automotive strategy that has set a brand new course for Canadian electrification. Announced against the backdrop of rising trade tensions and mounting pressure from U.S. tariffs, the plan represents a shift in how Ottawa hopes to guide the country’s transition to electric mobility.
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Where Tesla was once considered the leader in the electric vehicle revolution, the group, headed by billionaire Elon Musk, has announced that it is broadening its focus, pivoting towards physical AI and robotics.
This decision comes following news that the group had conceded its crown as the biggest global seller of EVs to Chinese rival BYD. However, Musk’s bet on artificial intelligence and humanoid robots may not have paid off just yet, as the company reported its first annual decline in revenue.
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Canadian Prime Minister Mark Carney and Chinese leader Xi Jinping have struck a landmark trade deal allowing cheap Chinese EVs into Canada en masse.
This unprecedented strategic alliance, made during Carney’s trip to Beijing earlier this month, will allow up to 49,000 Chinese EVs into the country at a tariff of 6.1%, down from 100%.
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Daimler Truck’s Japanese unit and Taiwan-based manufacturing giant Foxconn are officially taking the next step in their electric vehicle partnership, announcing plans to launch a new bus company later this year. The new project will focus on electric buses for Japan and international markets.
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Germany is preparing to relaunch large-scale incentives for electric vehicles, signalling a concerted governmental effort to revive demand after last year’s slowdown.
The federal government plans to allocate around €3bn to a new support programme that will run from the beginning of this year until 2029, aiming to put roughly 800,000 additional low-emission vehicles on the road.
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