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Canadian leaders said Wednesday that Jeep-maker Stellantis's decision to invest US$13 billion in the United States threatens Canadian jobs, urging action to counter what they called another casualty of President Donald Trump's trade war.
The government has said it will not renew the incentive scheme, which since 2024 has allowed automakers to import completely built-up (CBU) EVs without paying import duties, luxury tax or value-added tax (VAT).
Auto dealers have been grappling with fiercer competition, especially in the electric vehicle segment, where a wave of new models, many from Chinese manufacturers, has entered the market with aggressively low pricing.
Industry observers and experts say that, while the decision to extend the LCGC program to 2031 could help in the short term, the government needs to come up with a road map to secure the country’s electrification push for the long term.
