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The Canadian Press | Canada's Trusted News Leader

The Canadian Press | Canada's Trusted News Leader

Snubbed by Tesla, Mexican government pledges to create its own small, affordable electric car

The Canadian Press | Canada's Trusted News Leader
Summary
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76% Informative

President Claudia Sheinbaum said Teslas were too “onerous,” or expensive, for the Mexican market anyway.

Tesla CEO Elon Musk said in July the company had “paused” plans for a plant in Mexico .

Mexico doesn’t produce any lithium, the key ingredient for batteries, nor any mass quantity of batteries.

High domestic electricity rates could also be a roadblock.