“This discriminatory action” could be the “death knell” of the Canadian auto industry. So says Flavio Volpe, and he should know, since he’s the president of the Auto Parts Manufacturers’ Association of Canada, the organization tasked with, amongst other things, enticing automakers and their associated suppliers to build their production plants here in the Great White North.
And if he says something could adversely affect the Canadian auto manufacturing business — which employs some 135,000 Canadians directly and another 400,000 in related industries — we should all be concerned.
(Strangely, almost identical or at least extremely similar to the employment numbers for the oil & gas industries in Saskatchewan & Alberta, so hopefully Justin Trudeau actually wants to NOT kill the Canadian Auto industry unlike what we’re experiencing out West)
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The discriminatory action in question is the United States’ proposed Build Back Better program, a surprisingly (???) protectionist policy (only slightly) disguised as pandemic relief. More specifically, its incentive programs so completely favour American-built BEVs that it would almost completely shut down all Canadian exports of electric vehicles. Indeed, electric vehicles built in any country other than the U.S. would be so disadvantaged that automobile exports — at least moderately priced models powered by batteries — to the United States would virtually stop.
Too extreme a prognostication for you? Well, here’s how the program is supposed to work. Decide for yourself how it will affect the Canadian manufacturing industry. The rest at the LINK above:
And if he says something could adversely affect the Canadian auto manufacturing business — which employs some 135,000 Canadians directly and another 400,000 in related industries — we should all be concerned.
(Strangely, almost identical or at least extremely similar to the employment numbers for the oil & gas industries in Saskatchewan & Alberta, so hopefully Justin Trudeau actually wants to NOT kill the Canadian Auto industry unlike what we’re experiencing out West)
Why America's rush to EVs might kill the entire Canadian auto parts business — Financial Post
David Booth: ‘Build Back Better’ may stimulate the American auto industry, but it will kill Canada’s
The discriminatory action in question is the United States’ proposed Build Back Better program, a surprisingly (???) protectionist policy (only slightly) disguised as pandemic relief. More specifically, its incentive programs so completely favour American-built BEVs that it would almost completely shut down all Canadian exports of electric vehicles. Indeed, electric vehicles built in any country other than the U.S. would be so disadvantaged that automobile exports — at least moderately priced models powered by batteries — to the United States would virtually stop.
Too extreme a prognostication for you? Well, here’s how the program is supposed to work. Decide for yourself how it will affect the Canadian manufacturing industry. The rest at the LINK above:
