this post was submitted on 29 Aug 2024
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EV prices need to drop by one third if Canada wants to hit sales targets, says gov't report (www.ctvnews.ca)
submitted 2 months ago by [email protected] to c/[email protected]
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Unless policies or technologies change, the ownership cost of electric vehicles (EVs) needs to decrease by 31 per cent if Canada to wants to reach its sales target of 60 per cent EVs by 2030, according to a new report released Thursday by Parliamentary Budget Officer Yves Giroux.

Last December, the federal government unveiled its Electric Vehicle Availability Standard that outlined zero-emission vehicle sales targets for automakers. The standard requires all new light-duty sales in Canada to be electric or plug-in hybrid by 2035. There are also interim targets of at least 20 per cent of all sales being EVs by 2026 and 60 per cent by 2030.

Those federal government targets come as growth forecasts for auto companies have plateaued and concerns about charging infrastructure persist. The price of EVs has also pushed the cars out of reach for many consumers. According to the Canadian Black Book, the average cost of an EV was $73,000 in 2023.

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[–] [email protected] 7 points 2 months ago

It's really telling that Chinese EVs (like imported Teslas) were basically considered fine until the prospect of them being affordable to the middle class arose. That's when we started hearing about labour abuses and fires that only happen with * cheap Chinese* batteries.

It's not like Tesla has a stellar reputation for quality and reliability. They started powerwall as a way to offload bad/ prematurely failing batteries. Don't get me wrong, powerwall is a good idea. But pretending like BYD is going to have terrible batteries and that's why we need tariffs is bad.

China has labour and human rights abuses (eg genocide of Uyghers in Xinjiang [cultural genocide is still genocide]). Imo Canada is doing a better job of reconciling with its history/present of cultural genocide than China is. Canada's TFW program probably results in lots of horrible abuses that we don't hear about, but i think this program may be on its way out too. These issues don't only apply to EVs though.

The only things that're EV specific are lithium batteries and automotive manufacturing.

EV tariffs are protectionism: We want to protect domestic automotive (and para-automotive) manufacturing capabilities, and our investments in EVs/green tech.

I don't think 100% tariffs can be justified on EVs alone.