As Canada looks to accelerate its transition to electric vehicles, developments in the world’s largest automotive market could play an unexpected role in shaping that shift. 

In China, automotive production is showing no signs of slowing down despite a reported double-digit, year-over-year decline in domestic demand. 

This growing surplus of vehicles is pushing Chinese manufacturers to seek markets beyond China, intensifying competition and putting further pressure on legacy automakers across the globe. 

Established automakers that don’t respond risk losing market share, with the impact felt in margins and sales volumes. Their response must show up in the products and value they will offer: better range, technology, features and capability at a given price point. 

For Canadians, that could mean lower prices, but just as importantly, and perhaps, more likely, it could mean a significant increase in value per dollar, which in turn could help accelerate EV adoption in Canada. 

According to China’s National Bureau of Statistics (NBS), China produced more than 34.5........

© National Observer