electric-vehicles

France’s Finance Minister confirmed that between 30% and 40% of Gulf refining capacity has been damaged or destroyed by Iran’s retaliatory strikes, leaving a shortage of 11 million barrels per day on global oil markets. The destruction is now pushing consumers toward electric vehicles at a pace not seen since the 2022 gas crisis.

With gas prices approaching $4 per gallon nationally and already past $5 in California, data from multiple sources shows EV interest surging across the board — from Google searches to dealership inquiries.

As a potential reversal of a significant policy implemented just over a year ago, the Canadian government is reportedly in advanced talks with China to remove or significantly reduce the 100% tariffs on Chinese electric vehicles.

The reversal comes as Prime Minister Mark Carney looks to stabilize trade relations with Beijing while navigating an increasingly hostile trade war initiated by the Trump administration against… well, everyone.

Canada is rumored to remove tariffs on Chinese electric cars soon, as Prime Minister Mark Carney is set to meet with Chinese President Xi Jinping later this week.

This would likely lead to the biggest shake-up in the EV space in North America after the US killing its EV incentives.