I was interested in finding out why Ford signed such a good contract with Canadian autoworkers. What I found wasn’t what I expected. But I do think it we can have something like a win-win if the country brings in Chinese EVs. Look at the numbers in my article and tell me what you think—.
https://open.substack.com/pub/billhulet/p/why-canada-needs-chinese-evs
Canada needs to make its own EVs. Lets not pretend they are economical anywhere. Every state subsidizes them, so private investment is suboptimal.
There is a military industrial benefit for having domestic capacity, so lets stop pretending we’re helpless and just build a Canadian EV company.
Even Magna could not make a business model for a Canadian EV.
They do make Xpeng EVs in Austria. Most of an EV is the battery, and we are a decade too late to compete with China because Trudeau has his head up his ass.
In order for Canada to make a profitable EV, we would need to sell a huge number in the USA and EV sales there barely cracked 7%.
Compete? No one is competing. In every country with automotive production, the state subsidizes them. China is doing it. Europe is doing it. Canada is doing it with American companies’ production.
Profit is an outdated notion.