How a 25% Tariff on Goods from Mexico and Canada Could Affect the Auto Industry and Car Buyers
President-elect Donald Trump plans to impose a 25% tariff on goods from Mexico and Canada to address border issues involving drugs and migrants, alongside proposed increases on Chinese imports. This move could significantly impact the auto industry, which depends heavily on production in Mexico and Canada, potentially leading to higher consumer prices, reduced vehicle options, and costly relocation efforts. While the announcement may serve as a negotiation tactic, the short timeline gives automakers little time to adapt their supply chains.
A deadly crash in Toronto raises questions about the dangers when things go wrong for EVs
A fiery Tesla crash in Toronto on October 24, which killed four people, has raised safety concerns about electric vehicles (EVs). Questions center on fire risks, challenges of escape during emergencies, and the functionality of EV door mechanisms. While experts argue EVs are generally safer than gas-powered vehicles, fires can be harder to control, leading to calls for improved safety features and clearer emergency protocols. The rising adoption of EVs highlights the urgency of addressing these issues as Canada pushes for zero-emission vehicle sales by 2035.
Construction begins on Canada’s first electric vehicle battery separator plant
Construction has begun on Canada’s first large-scale lithium-ion battery separator plant in Port Colborne, Ontario, led by Japan’s Asahi Kasei Battery Separator Corporation and Honda Canada. The $1.7 billion facility will enhance Ontario’s EV supply chain, producing materials for one million EVs annually when operational in 2027. The project aims to create over 300 jobs and support Canada’s push for a comprehensive EV production ecosystem.
Election Upheaval Risks Billions in BEV Subsidies – in Canada
Canada’s EV subsidies face uncertainty ahead of potential elections, with Conservatives questioning the $13B Volkswagen plant deal and other spending. Advocates argue investments are key to competitiveness with U.S. incentives, supporting jobs and economic growth. Critics call for streamlined permitting and better policy alignment to maximize impact and avoid overspending.
