Canada has banned Tesla from EV rebates over U.S. trade tensions tied to Trump's tariffs. Provincial governments followed, and Tesla's image plunged. With the election near, Tesla’s future in Canada faces major financial and political roadblocks..
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00:00Donna, vehicles are Canada's second largest export by value at $51 billion.
00:04The vast majority of those, 93%, go to the U.S.
00:09Transport Canada is freezing rebate payments for Tesla until each claim is individually investigated.
00:15Canada's federal government has halted $43 million in electric vehicle, EV, rebate payments to Tesla
00:22and banned the company from future incentive programs,
00:25citing concerns over illegitimate U.S. tariffs and a suspicious surge in rebate claims.
00:33Canada Prime Minister says that this is direct attack of Trump to heavy percent tariff on Canada.
00:39President Trump announced 25% tariffs against our auto industry.
00:46And this is a direct attack, to be clear, a direct attack.
00:51Freeland tied the ban to escalating U.S.-Canada trade tensions,
00:55noting Tesla's exclusion will persist as long as President Trump's 25% tariffs on Canadian goods remain.
01:04Tesla, led by Trump ally Elon Musk, denies wrongdoing,
01:08calling the claims a misunderstanding and attributing the spike to backlogged paperwork.
01:14Provincial governments are also distancing themselves.
01:17British Columbia, Nova Scotia, and Manitoba have excluded Tesla from regional rebates,
01:24citing Musk's political ties and trade retaliation.
01:28Public perception of Tesla in Canada has plummeted,
01:32with used Tesla prices dropping 22% and sales declining 70% since January.
01:39As Canada heads into a pivotal federal election, April 28th,
01:45EV policy remains a flashpoint,
01:48with parties divided on rebate expansions versus protections for domestic industries.
01:54For now, Tesla's Canadian ambitions face roadblocks, both financial and political.