Biden’s Buy America electric vehicle rebate scheme will destroy the Canadian auto sector - News Summed Up

Biden’s Buy America electric vehicle rebate scheme will destroy the Canadian auto sector


What’s at stake is Canada’s ambition to be a significant player in the electric vehicle (EV) revolution. The burgeoning EV industry is counted on to rejuvenate a Canadian auto sector in decline. That hope is pretty much snuffed out if Canada is denied access to the U.S. market, which Biden’s Buy America rebates threaten to do by pricing them out of the market. Justin Trudeau, the prime minister, and about half a dozen of his cabinet officers are making the case in Washington against Biden’s Buy America EV rebates. Otherwise, if Biden was looking for a way to largely destroy the Canadian auto sector, he couldn’t have devised a weapon more effective than his Buy America EV rebate scheme as it’s currently proposed.


Source: thestar December 17, 2021 06:03 UTC



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