Canada to start 30-day consultation to impose surtax on Chinese EVs

The Government of Canada, on July 2nd, 2024, is launching a 30-day consultation seek input on what is driving China’s surging electric vehicle (EV) exports.

Chinese producers are generating a global oversupply that will erode the profit incentives of EV producers around the world, including in Canada. The consultations will seek views on the potential imposing of a surtax, adjustments to the federal Incentives for Zero-Emission Vehicles (iZEV) program and investment restrictions.

Canada’s move comes weeks after both the United States and the European Commission announced plans to impose higher import tariffs on Chinese EVs this summer

Refer to the DOF news release for complete details.