Press release
Canada Electric Vehicle Market Top Key Players –Tesla, GM, Hyundai, Kia, Ford
Canada has one of the highest average prices of vehicles sold. 1.6 million cars are sold every year, and can cope with high-speed electricity, mainly in the southern provinces, where 95.4% of electric vehicles are currently sold.
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CANADA ELECTRIC VEHICLE MARKET DYNAMICS
Canada has varying weather conditions throughout the country, mainly for its size. Canada currently has a $600 million investment in the Zero Emission Vehicle Awareness Initiative. This includes the installation of fast charging from shore to shore, subsidies of up to $5,000 for the purchase of electric vehicles, and destination general charging stations. The percentage of sales of EVs in Canada is progressive: 10% by 2025, 30% by 2030, and 100% by 2040. It is currently 3.5%.
CANADA ELECTRIC VEHICLE MARKET SEGMENTATION
BY OEM
• Tesla
• Nissan
• Hyundai
• Other OEMs
BY COMPONENTS
• Traction Motor
• Battery
• Power electronics(OBC, DC-DC Converter Inverter, Motor Controller)
BY VEHICLE TYPE
• Passenger car
• Light Commercial Vehicles
• Bus
BY EV TYPE
• BEV
• PHEV
• HEV
• FCEV
CANADA ELECTRIC BUS MARKET
• Canada has invested $ 2.75 billion from 2021 and 2026 to electrify public transport. This is included in a $ 15 billion investment in transportation electrification and emission reductions. Canada's Infrastructure Bank has added $ 1.5 billion here to develop a bus charging infrastructure.
• Canada's public bus scale is currently 15,000 and will introduce 5,000 electric buses, or 33% of all vehicles. GreenPower, Lion Electrique / Lion Electric, New Flyer and Nova Bus are some of the companies that benefit from this policy.
COMPETITIVE LANDSCAPE
In 2020, 15,000 PHEVs were sold, with 39,000 BEVs sold. Tesla acquired the pole position, followed by Hyundai, Toyota and Nissan. The market will be impacted by new releases in the US and infrastructure improvements for EVs over the next three years. The winning OEM is Tesla, but Tesla's market share 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
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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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