Canada's Import Quota for Chinese EVs Surpasses 50% Utilization
Canada's import quota for Chinese-built electric vehicles (EVs) has surpassed the halfway mark, with 12,513 of the 24,500 first-window permits utilized as of early August. This represents 51.1% of the allocation, which runs through August 31. The pace of imports has accelerated, with 2,400 vehicles cleared in the first week of August alone. Premium EVs, with a customs value above C$35,000, dominate the imports, accounting for 78% of the month's volume so far. The quota framework, established in January, allows for a 6.1% tariff on imports within an annual ceiling, which is set to increase annually. 
