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On August 26, 2024, the Canadian government announced a series of new measures to support Canadian workers in an effort to enhance the country’s electrical vehicle (“EV”) industry in domestic, North American, and global markets.
This follows a 30 day consultation period in July addressing allegedly unfair Chinese EV trade practices, as we previously reported here, and the imposition of similar trade remedies by the EU and the US.
On June 24, 2024, the Canadian government announced the launch of a 30-day consultation period starting July 2, 2024, to explore potential policy responses aimed at protecting Canada’s auto workers and its growing electric vehicle (“EV”) industry against unfair trade practices from China.
Background
Canada’s automotive sector currently produces over 1.5 million vehicles annually, equivalent to one vehicle every 21 seconds. This sector supports nearly 550,000 indirect jobs, contributed $18 billion to Canada’s GDP in 2023, and ranks among the nation’s largest industries.
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