Prices will increase

According to the statement, the tariff will be as follows: 100 percentand all electric cars made in China will be subject to the tax. Earlier this year, the White House introduced the same fee in the United States.

The tax will apply to electric cars, trucks, buses and vans, as well as some hybrid models. Canada will also impose a 25 percent tariff on Chinese steel and aluminum starting Oct. 15.

Industry players have pressured the Canadian government to impose the same tariffs on Chinese electric vehicles as the U.S. Trudeau said Canada would follow suit to “level the playing field for Canadian workers” and help the domestic electric vehicle industry become more competitive.

Players like China have chosen to give themselves an unfair advantage in the global marketplace by endangering the security of our critical industries and displacing dedicated Canadian auto and steel workers, which is why we are taking steps to address this issue.
Trudeau said.

As you know, China provides huge subsidies to its manufacturers, thanks to which they can sell their cars at extremely low prices all over the world, literally taking over the market. Even cheap European models cannot be compared with them in terms of price attractiveness.

In the US, the same tax was introduced a little earlier, but experts say that in some cases, Chinese cars, even taking into account the tax, are cheaper than products of local or European manufacturers.

Looking for a car for every day? The 2024 SUZUKI Vitara Hybrid is a great choice. This crossover features adaptive cruise control, blind spot monitoring systems, automatic braking, and economical fuel consumption. It’s important to note that it’s currently on sale for up to UAH 86,000.