Press release
Canada Electric Vehicle Market top Key Players – Tesla, GM, Hyundai, Kia, Ford,, Green Power, Lion Electric, New Flyer, Nova Bus
In 2020, Toyota Prius PHEV, Tesla Model 3, and Hyundai Ioniq were the top selling EVs in Canada. Chevrolet Bolt EV, Volkswagen ID4, Nissan Ariya and Ford Mustang Mach E are some of the upcoming vehicles in 2021 for the Canadian Market. In 2020, due to Covid, there was an overall decrease of 1,800 vehicles compared to 2019 in electric vehicle sales in Canada. HEVs however grew in sales in 2020 compared to 2019.
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CANADA ELECTRIC VEHICLE MARKET DYNAMICS
Canada has diverse weather conditions across the country mainly due to the size of the country. Canada currently has a $600 Million investment under Zero-Emission Vehicle Awareness Initiative. This will include coast to coast fast charging setups, along with subsidies upto $5000 for electric vehicle purchases as well as regular charging stations at destination spots. Canada has a progressive rate for EVs sales with 10% by 2025, 30% by 2030 and 100% by 2040; currently they are at 3.5%.
CANADA ELECTRIC BUS MARKET
Canada is investing $2.75 Billion from 2021-2026 for electrification of public transport. This is included in the $15 Billion investment in place for electrification of transport and decreasing emissions. There is an added $1.5 Billion on top of that by Canada Infrastructure Bank to develop charging infrastructure for the buses.
CANADA ELECTRIC VEHICLE MARKET SEGMENTATION
By OEM
• Tesla
• Nissan
• Hyundai
• Other OEMs
By Components
• Traction Motor
• Battery
• Power electronics(OBC, DC-DC Conerter, Inverter, Motor controller)
By Vehicle Type
• Passanger Car
• Light Commercial Vehicles
• BUS
By EV Type
• BEV
• PHEV
• HEV
• FCEV
COMPETITIVE LANDSCAPE
In 2020, 39,000 BEVs were sold and 15,000 PHEVs were sold. Tesla held the pole position followed by Hyundai, Toyota and Nissan. The market will be influenced by the new launches in the USA over the next 3 years as well as improving infrastructure for EVs. The OEM to beat will be Tesla but the market share of Tesla will decrease in 2026 compared to 2021.
COMPANY PROFILES
ELECTRIC CAR MANUFACTURERS
Tesla
GM
Hyundai
Kia
Ford
ELECTRIC BUS MANUFACTURERS
Green Power
Lion Electric
New Flyer
Nova Bus
Read More Information: https://mobilityforesights.com/product/canada-electric-vehicle-market/
Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka
About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment.We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.
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