Skip to main content
← SIGNALS
[MONEY]

Canada's New Trade Deal with China Brings Expensive SUVs Instead of Affordable EVs

The first vehicles to arrive in Canada under the new trade agreement are 18 Eletres, priced at $100,000, despite promises of more affordable electric vehicles.

Editorial StaffMay 11, 20261 MIN READ

Under the recent trade agreement with China, Canada is set to welcome its first batch of China-built cars, specifically 18 Eletres.

These vehicles are entering the market with a tariff rate reduced to 6.1 percent, which was expected to lead to more affordable electric vehicle options.

However, the initial offering consists of SUVs priced at $100,000, raising questions about the affordability that was promised under the deal.