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Canada Unveils Billion-Dollar EV Plan with China Partnership

2/10/2026

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Summary

Story summary

Prime Minister Mark Carney announced a plan to promote electric vehicle production in Canada, reduce reliance on the U.S. market, and provide billions in incentives.
The plan includes joint ventures with Chinese automakers to establish Canadian assembly plants.
It follows an agreement allowing 49,000 Chinese EVs to enter Canada with reduced tariffs and aims to strengthen Canada's EV supply chain, create jobs, and address U.S. tariffs.

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Story summary

Prime Minister Mark Carney announced a plan to promote electric vehicle production in Canada, reduce reliance on the U.S. market, and provide billions in incentives.
The plan includes joint ventures with Chinese automakers to establish Canadian assembly plants.
It follows an agreement allowing 49,000 Chinese EVs to enter Canada with reduced tariffs and aims to strengthen Canada's EV supply chain, create jobs, and address U.S. tariffs.