Canada Electric Vehicle Market Top Key Players – Tesla, GM, Hyundai, Kia, Ford, Green Power, Lion Electric, New Flyer, Nova Bus

Canada electric vehicle market is estimated at $ XX billion in 2020. The Canadian electric vehicle battery market alone is valued at $ XX billion.

In 2020, the Toyota Prius PHEV, Tesla Model 3 and Hyundai Ioniq were Canada's best-selling electric vehicles. Chevrolet Bolt EV, Volkswagen ID4, Nissan Ariya and Ford Mustang Mach E are just some of the cars that will hit the Canadian market in 2021.

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CANADA ELECTRIC VEHICLE MARKET DYNAMICS

• In Canada, weather conditions vary across the country, mainly due to the size of the country. Canada is currently investing $ 600 million in its zero-emission vehicle awareness initiative. This will include the installation of coast-to-coast fast charging, as well as subsidies of up to $ 5,000 to purchase electric vehicles, as well as regular charging stations at destinations. Canada has a progressive EV sales rate: 10% by 2025, 30% by 2030 and 100% by 2040; they are currently 3.5%.

• In 2020, 12,693 electric vehicles were sold to the Canadian automotive industry, accounting for 3.34 percent of total vehicle sales in the country. In the first 6 months of 2021, the automotive industry records steady growth in electric vehicle sales. In January, a total of 999 vehicles were sold, and in February it is steadily increasing to 1,224 vehicles. Sales continued steadily over the next 2-3 months, with 1,558, 1,637 and 1,593 electric vehicles sold in March, April and May respectively. Sales rose to 1,781 in June before slowing significantly to 1,099 vehicles sold in July by the car industry.

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

RECENT TREND IN THE CANADA EV MARKET

• The new Montreal electrification plan is valued for $ 885 million. The strategy comprises 30 long-range, slow electrical public buses and a non-specified number of electrical midrange electric busts; Upgrades on bus stands to recharge more fleets; Add 2,100 BIXI EBIKES; 250 Electric Taxis, 600 new charging stations and initiatives, eg. B. Electric vehicles for priority parking in consistent areas that electrically use the municipal vehicle fleet to 47% with 2030 and support business and multimode residential buildings to support charge stations.

• While in the nearby concept of demand for EVS seems quite strong, the same cannot be said to your offer. The global lack of semiconductor chips has contributed to a significant delay in the production of electronics and motor vehicles. The affected electric vehicles include Tesla, Ford, Mercedes Benz and Nissan. In addition, it is uncertain how long the chip deficiency dampens the production of vehicles.

COMPETITIVE LANDSCAPE

In 2020, 39,000 BEVs and 15,000 PHEVs were sold. Tesla took pole position, followed by Hyundai, Toyota and Nissan. In the next 3 years, new vehicles in the United States as well as improved infrastructure for electric vehicles will hit the market. The OEM will be Tesla, but Tesla's market share will decline 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/

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