Maclean’s magazine’s Post

Governments and industry have poured billions into Canada’s suddenly struggling EV-manufacturing industry. Here's what the future holds, and why it matters. https://lnkd.in/ebhHCXUH

Governments and industry have poured billions into Canada’s suddenly struggling EV-manufacturing industry. Here's what the future holds, and why it matters. https://lnkd.in/ebhHCXUH

https://lnkd.in/gMBF4BFv And there is no way that tariff barriers can stop the products from coming to any continent or country.  #GlobalTrade #ElectricVehicles #EV #TradeBarriers #InternationalTrade #MarketTrends #AutoIndustry #Manufacturing #EconomicPolicy #Sustainability #BusinessNews #Innovation #FutureOfMobility

Electric cars market continues to lose steam in Europe, mainly because of Europe imposing higher tariffs on Chinese electric vehicles. Northvolt(Sweden) produces lithium-ion batteries which are used in electric vehicles and is one of the most valuable tech companies in Europe, working with other big automotive industry names, such as Volvo and Volkswagen.  However, it has also been hit by the waning interest in EVs, leading to the company having to reduce its operations significantly. #EV #battery |#layoff

🌟 Ready to Drive Change in the Electric Vehicle Market? 🌟 Windrose is making waves by planning to build its electric semi truck assembly plant in the US! This move is not just about avoiding tariffs; it's a bold challenge to the Tesla Semi. 🚚⚡ As a mechanical engineer and entrepreneur, I see this as a pivotal moment in the EV industry. How can competition drive innovation and lower costs for consumers? 🤔 Here are some key takeaways: 1. **Local Manufacturing**: Building in the US can enhance supply chain efficiency and reduce costs. 2. **Market Competition**: More players in the market can lead to better products and pricing for consumers. 3. **Sustainability**: Electric trucks can significantly reduce emissions, aligning with our global sustainability goals. 🌍 What do you think? Will this challenge spark a new era in electric trucking? 👍 or 👎? Let's discuss! Share your thoughts below! #ElectricVehicles #Sustainability #Innovation #Manufacturing #Windrose #Tesla #EVMarket #Entrepreneurship #MechanicalEngineering #CleanEnergy #FutureOfTransport #BusinessGrowth #Competition #GreenTech

𝐈𝐟 𝐒𝐮𝐛𝐬𝐢𝐝𝐢𝐞𝐬 𝐅𝐮𝐞𝐥𝐞𝐝 𝐂𝐡𝐢𝐧𝐚’𝐬 𝐄𝐕 𝐁𝐨𝐨𝐦, 𝐖𝐡𝐲 𝐂𝐚𝐧'𝐭 𝐎𝐭𝐡𝐞𝐫 𝐂𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬 𝐅𝐨𝐥𝐥𝐨𝐰 𝐒𝐮𝐢𝐭? China’s eye-catching (and cheap) models are making their way to many markets around the world. That’s often causing anxiety among foreign governments worried they’ll hurt their own auto industries and even their entire industrial bases. This prompted Canada to join the US and European Union in moving ahead with tariffs on Chinese EVs. The fear is that Beijing is unfairly propping up its EV sector with floods of subsidies. There is some truth in that. One recent study *(see link below) says China’s EVs benefited from at least $231 billion in government funds and aid from 2009 to the end of last year. Still, there’s more to the story. Bloomberg found that while lavish financial backing surely helped, many other elements propelled the industry, like vision, timing, entrepreneurial spirit and innovation-spurring competition. Bloomberg believes that it will be difficult for other countries to replicate China's success. For example: Vision. Many industry insiders in China point to Wan Gang, the science and technology minister from 2007 to 2018, for identifying early on how automakers would struggle to catch up with foreign brands in the market for cars with internal combustion engines. 𝐓𝐡𝐚𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭 — 𝐚𝐥𝐨𝐧𝐠 𝐰𝐢𝐭𝐡 𝐖𝐚𝐧’𝐬 𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐭𝐨 𝐬𝐩𝐨𝐭 𝐡𝐨𝐰 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐧𝐞𝐰-𝐞𝐧𝐞𝐫𝐠𝐲 𝐭𝐞𝐜𝐡 𝐰𝐨𝐮𝐥𝐝 𝐛𝐥𝐨𝐬𝐬𝐨𝐦 — 𝐰𝐚𝐬 𝐤𝐞𝐲 𝐭𝐨 𝐩𝐮𝐭𝐭𝐢𝐧𝐠 𝐂𝐡𝐢𝐧𝐚 𝐨𝐧 𝐭𝐡𝐞 𝐩𝐚𝐭𝐡 𝐨𝐟 𝐛𝐞𝐜𝐨𝐦𝐢𝐧𝐠 𝐚 𝐰𝐨𝐫𝐥𝐝 𝐥𝐞𝐚𝐝𝐞𝐫 𝐢𝐧 𝐄𝐕𝐬. Joerg Wuttke, the former president of the European Union Chamber of Commerce in China, said that while there were many “cooks responsible for the success of Chinese EVs,” Wan was well-placed to execute good ideas. “𝐀𝐧𝐝 𝐡𝐞 𝐝𝐢𝐝 𝐢𝐭 𝐚𝐭 𝐚𝐧 𝐞𝐚𝐫𝐥𝐲 𝐬𝐭𝐚𝐠𝐞 𝐰𝐡𝐞𝐧 𝐧𝐨𝐛𝐨𝐝𝐲 𝐡𝐚𝐝 𝐞𝐯𝐞𝐧 𝐭𝐡𝐨𝐮𝐠𝐡𝐭 𝐚𝐛𝐨𝐮𝐭 𝐢𝐭,” Over the years, Chinese decision-makers made other calls that proved to be winners, such as when they 𝘪𝘯𝘷𝘪𝘵𝘦𝘥 𝘌𝘭𝘰𝘯 𝘔𝘶𝘴𝘬’𝘴 𝘛𝘦𝘴𝘭𝘢 𝘪𝘯𝘵𝘰 𝘵𝘩𝘦 𝘭𝘰𝘤𝘢𝘭 𝘮𝘢𝘳𝘬𝘦𝘵. The US firm started manufacturing its cars in China in 2019 — a development that not only piqued consumer interest but spurred the EV supply chain build-out. 𝐓𝐡𝐚𝐭 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧 𝐢𝐬 𝐬𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐲𝐨𝐮 𝐰𝐨𝐧’𝐭 𝐬𝐞𝐞 in flashy EV showrooms ubiquitous in Chinese shopping malls. Yet it 𝐮𝐧𝐝𝐞𝐫𝐩𝐢𝐧𝐬 𝐭𝐡𝐞 𝐧𝐚𝐭𝐢𝐨𝐧’𝐬 𝐄𝐕 𝐬𝐞𝐜𝐭𝐨𝐫. Or as a proud government official recently put it: 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐜𝐚𝐫𝐦𝐚𝐤𝐞𝐫𝐬 in the Yangtze River Delta, home to Shanghai, 𝐜𝐚𝐧 𝐠𝐞𝐭 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐩𝐚𝐫𝐭𝐬 𝐭𝐡𝐞𝐲 𝐧𝐞𝐞𝐝 𝐰𝐢𝐭𝐡𝐢𝐧 𝐚 𝐟𝐨𝐮𝐫-𝐡𝐨𝐮𝐫 𝐰𝐢𝐧𝐝𝐨𝐰. 𝐓𝐡𝐚𝐭'𝐬 𝐂𝐡𝐢𝐧𝐚 𝐟𝐨𝐫 𝐦𝐚𝐧𝐲 𝐨𝐟 𝐮𝐬.

"We need to understand where we want the country to be, not in 2025 or 2026, but where we want it to be by 2030 or 2035.” In a recent article, The Globe and Mail met with industry leaders, such as Chris Burns of NOVONIX, to discuss Canada's push towards electric vehicles and its implications for production and employment in the supply chain industry. Dive into their conversation here: https://lnkd.in/ebjYwjeq #Trucking #EV #ElectricVehicles #SupplyChain #Transportation

"We need to understand where we want the country to be, not in 2025 or 2026, but where we want it to be by 2030 or 2035.” In a recent article, The Globe and Mail met with industry leaders, such as Chris Burns of NOVONIX, to discuss Canada's push towards electric vehicles and its implications for production and employment in the supply chain industry. Dive into their conversation here: https://lnkd.in/gMc5Rmkh #Trucking #EV #ElectricVehicles #SupplyChain #Transportation

𝐄𝐕 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐬𝐭 | 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬. 𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/e7wqDvQ5 The Electric Vehicle Market is projected to reach USD 1,122.03 billion by 2032, growing at a CAGR of 12.5%. Several governments globally excused road, import, and purchase tax depending on different subsidies. These subsidies have also energized automobile manufacturers to uplift their EV production. The government has also invested in infrastructure construction and prepared policies that are favorable. 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: BMW Group BYD GAC Motors #ElectricVehicles #EVMarket #SustainableTransport #GreenMobility #CleanEnergy #FutureOfTransport #EVTrends #AutomotiveInnovation