Chinese Electric Vehicles Expand Global Market Share Amid Changing Trade Policies

Chinese electric vehicle (EV) manufacturers, led by companies like BYD, are rapidly expanding their global presence, surpassing Tesla in sales and increasing exports, particularly to Europe. Canada has reduced tariffs on Chinese EVs, allowing up to 49,000 vehicles at a lower rate, signaling a shift in trade relations amid geopolitical tensions. While China dominates EV sales domestically and abroad, political factors such as U.S. tariffs and security concerns continue to influence market access and competition.