The number of cars converted to race cars is infinitesimally small. Anyway, Canada will be happy to accept the entire industry! I'm sure we'll be able to feed a nice black market.
That's the logic used in what we call "common sense" emission check states, like Ohio. They have rolling exemptions based on model year, exempt true race car's, and exempt collector car's. They also give a pass to anyone who spends X amount of money on attempted repairs, on the logic that if they could afford to fix the thing, they would, or would be driving a nicer car. Also, if you pass the sniffer, you pass.
For instance, I have a 79 C10, and a 75 F100. The F100 doesn't even run, the C10 has been in the garage since October. Neither are hurting any trees anywhere. But in California, and California standard states, neither would be street legal. No matter what the tail pipe sniffer says, I don't have all factory emission's parts (know anyone with a charcoal canister for a 75 F100 with a 360? lol). Immediate fail. A bit ridiculous.
The EPA recently also sought to regulate Carbon Dioxide, the stuff you exhale lol.