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Canada may get cheap Chinese EVs because of what’s in your cooking oil

Canada is “reviewing” its current 100% tariff on Chinese EVs, which could potentially give another entry point for the inexpensive, advanced vehicles into the North American market.

The strange part? The review is being pushed for, mainly, by the premiers of right-leaning provinces. And it has everything to do with your cooking oil.

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Trump’s tariffs stall US battery momentum as China powers ahead

US battery storage tariffs

China has reclaimed the No. 1 spot on BloombergNEF’s annual Global Lithium-Ion Battery Supply Chain Ranking, bumping Canada to second place, as its low electricity prices and strong infrastructure gave it the edge in 2024.

The report ranks 30 countries based on how well they’re positioned to build a secure and sustainable battery supply chain, and this year’s reshuffling says a lot about where the market’s headed.

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US DoD expands EV battery supply chain with Canada by awarding $20M toward cobalt production

US Canada Cobalt

The United States Department of Defense announced it has allocated $20 million to Electra Battery Materials Corporation – a young but growing provider of sustainable raw materials for North America’s EV industry. Through the investment, Electra will finish its refinery plant in Ontario, Canada, to begin cobalt production to support a localized supply chain for US automakers.

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Canada reportedly preparing tariffs on Chinese EVs to align with US and EU trade partners

Canada tariffs

The threat of tariffs and an all-out trade war over Chinese EVs is expanding globally, and Canada is reportedly joining the turmoil. The Canadian government is preparing tariffs on Chinese-made EVs to align with the US and European Union, which have already proposed heavy duties to deter “unfair” competition imported from overseas.

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