Press release
Canada Electric Car Market volume was 38,576.27 thousand units in 2022 and is projected to reach 139,846.47 thousand units by 2029, showcasing a remarkable CAGR of 20.2% during the forecast period (2023-2029).
Canada Electric Car Market
Maximize Market Research Pvt. Ltd., a leading market research company based in Pune, India, has released an extensive and insightful market research report on the Canada Electric Car Market. The report provides a comprehensive overview of the market dynamics, key growth factors, government initiatives, and competitive landscape, offering valuable insights for industry stakeholders, investors, and decision-makers.
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Maximize Market Research Pvt. Ltd. is a leading market research company providing extensive and in-depth market analysis across various industries. With a commitment to delivering high-quality research, Maximize Market Research empowers businesses with valuable insights to make informed decisions.
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What are Canada Electric Car Market Dynamics?
Sales of Electric Cars in Canada: In the first half of 2022, electric vehicle (EV) sales in Canada surged by 30%, with one in fourteen new cars purchased being a full electric vehicle or plug-in hybrid. The proposed regulations by Environment Minister Steven Guilbeault indicate a significant shift, aiming for 20% of all passenger vehicles sold in Canada in 2026 to run on electricity, reaching 60% by 2030 and mandating all passenger vehicles to be electric by 2030.
Government Incentives: To promote the adoption of zero-emission vehicles, the Canadian government has introduced the Zero-Emission Vehicles (iZEV) Program, offering incentives ranging from USD 2,500 to USD 5,000 based on the vehicle type. These incentives are expected to continue until March 31, 2025, or until funds are exhausted.
Charging Infrastructure: While the availability of charging stations has improved significantly, with 8,726 stations and 20,423 charging ports as of February 2023, there remains uneven distribution across provinces. A substantial investment of USD 400 million by Transport Canada aims to add 50,000 new EV chargers, supplemented by an additional USD 500 million from the Canada Infrastructure Bank.
Request For Free Inquiry Report:https://www.maximizemarketresearch.com/inquiry-before-buying/65498
What is Canada Electric Car Market Regional Insight?
Quebec dominated the Canadian Electric Car Market in 2022, driven by government incentives and reduced pricing for electric vehicles. Ontario, the second-largest market, has implemented various incentives and rebates, supporting the growth of electric vehicles and investing in charging infrastructure.
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What is Canada Electric Car Market Segmentation?
by Technology
BEV
HEV
PHEV
by Battery Type
Lithium-ion Batteries
NMC (Nickel Manganese Cobalt) Batteries
LFP (Lithium Iron Phosphate) Batteries
Solid State Batteries
by Product
Sedans
SUVs/Crossovers
Hatchbacks
Minivans
Sports Cars
Vans
Purchase Report : https://www.maximizemarketresearch.com/market-report/canada-electric-car-market/65498/
Who are Canada Electric Car Market Key Players?
1. Electra Meccanica
2. Daymak
3. Briggs Automotive Company (BAC)
4. Campagna Motors
5. Tesla
6. Nissan
7. Chevrolet
8. BMW
9. Hyundai
10. Kia
11. Audi
12. Jaguar
13. Volvo
14. Toyota
15. Ford
Table of content for the Canada Electric Car Market includes:
Canada Electric Car Market: Research Methodology
Canada Electric Car Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Canada Electric Car Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment |
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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