Canadian Prime Minister Mark Carney announced Friday that his country will slash its 100% import tax on Chinese EVs to just 6.1%, paving the way for companies like Geely, BYD, Xiaomi, and others to establish a second foothold in the North American automotive market. Canada is not going all-in on Chinese EVs, though. The country will initially cap annual imports at 49,000 vehicles. That cap will slowly increase to about 70,000 in around five years, according to the Associated Press. It’s a major shift that ...