Canada is deliberating a new low-tariff quota structure for Chinese-made electric vehicles.
The government may impose caps on individual companies like BYD to ensure market variety. This measure aims to prevent any single manufacturer from dominating the 49,000-vehicle annual quota.
Officials are monitoring the current first-come, first-served permit process to ensure equitable access. These potential changes create uncertainty for BYD as it enters the Canadian market.
The proposed rules could limit the volume of vehicles BYD imports at the preferential 6.1% tariff rate.