2025 Genesis GV60
Vehicle Type: Compact Electric Luxury SUV
Assembly: Korea
Subject to 6.1% Import Duty (Assembled outside North America)
Vehicle Details
| Vehicle Type | Compact Electric Luxury SUV |
| Assembly | Korea |
| US / Canada Content | 1% |
| Major Sources Of Foreign Parts Content | 70% Korea |
| 2nd Major Sources Of Foreign Parts Content | 25% China |
| Country Of Origin For Engine/ Motor | Korea |
| Country Of Origin For Transmission(s) | Korea |
Important Note:
While some vehicles may be subject to a full or partial 25% tariff, automakers do not always pass the entire cost on to consumers. In some cases, manufacturers may choose to absorb a portion of the tariff to remain price competitive.
Canada’s Tariff and Duty Guidelines for Imported Vehicles:
- A 25% tariff applies to fully assembled vehicles imported from the U.S. if they are not compliant with CUSMA.
- A 25% tariff applies to the non-Canadian and non-Mexican content in CUSMA-compliant fully assembled vehicles imported from the U.S.
- A 6.1% duty applies to vehicles not manufactured in Canada, the U.S., or Mexico.
- A 6.1% duty applies to vehicles manufactured in Mexico that are not CUSMA-compliant.