Press release
Canada Electric Vehicle Market 2020: By Key Players, Market Share, Forecast to 2026
Canada electric vehicle market is expected to grow at a significant CAGR of over 18.0% during the forecast period (2019-2025). The factors that drive the growth of the market include the supportive programs to encourage the purchasse of Zero-emission vehicles. As of May 2019, all Canadians who purchase EVs or plug-in hybrids are eligible for an incentive of $2,500 to $5,000 depending on the dealer’s terms and conditions. In addition, the government of Canada offers its citizens access to a variety of incentives. For instance, for the model of the BMW in 2020, the buyer will be provided with an incentive of $1,250, $2,550, and 3,750 for 12-month, 24-months, and 36-month lease periods respectively.(Get 15% Discount on Buying this Report)
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Moreover, in Canada, incentives for vehicles started in Ontario, British Columbia, and Quebec, offering incentives to lower down the initial cost of EVs. Ontario’s rebate started at $8,500 in 2010, and after that, it went up to $14,000 before its cancellation in July 2018. Besides, in British Columbia and Quebec rebate now range from $1,500 to $8,000. In 2019, the Federal Government set a rebate of $5,000 for the customers to buy EVs. Thus, the government incentives, fuel prices, charging infrastructure are supporting the Canada Electric vehicle market to grow as well as increasing the interest of the people for buying EV.
A Full Report of Canada Electric Vehicle Market is Available at: https://www.omrglobal.com/industry-reports/canada-electric-vehicle-market
Market Coverage
Market number available for – 2018-2025
Base year- 2018
Forecast period- 2019-2025
Segment Covered- By Vehicle Type, By Propulsion Technology, By Battery Type
Region Covered- Canada
Competitive Landscape- BMW AG, Audi AG, Hyundai, Ford Motors Co., Tesla, Inc, Volkswagen AG, and others.
Canada Electric Vehicle Market Report Segment
By Vehicle Type
Commercial Vehicles
Passenger Cars
Two-wheelers
By Propulsion Technology
Battery
Plug-In Hybrid
By Battery Type
NiMH
LI-ion
Others
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1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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