Chinese EVs to benefit Canada’s green efforts
With Chinese electric vehicles set to enter the Canadian market, the move could bring significant benefits for consumers, the climate and public health, experts say.
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President-elect Joe Biden has called climate change one of the four most important crises facing the country and pledged ambitious climate action.
Clean energy innovation is central to the fight against climate change. The dramatic success in lowering the costs of solar panels and wind turbines in the past decade must be replicated across a wide range of other energy technologies.
The federal tax incentive for wind energy expires at the end of 2019, and the incentive for solar energy will begin phasing out in 2020. Over multiple decades, these policies have succeeded in promoting the development and deployment of wind and solar technology, which today are rapidly gaining market share in the US electricity sector.
Yesterday, President Trump announced the first sweeping tariffs of his administration, enacting tariffs on solar panels and components (as well as washing machines) from nearly every country in the world.