Category: Art

Canada Electric Car Market: Industry Analysis and Forecast (2021-2027) Electric vehicles can play an important part in this evolving EV market, as Canada has highlighted them as a critical contributor to meeting our transportation sector greenhouse gas emissions reduction target of 12 megatonnes of CO2 by 2030. However, success will necessitate a collaborative ecosystem of participants. In 2019, more than 25 million light-duty vehicles were registered in Canada. EVs now account for a minor fraction of the market, with 168,000 vehicles sold. This is going to have to alter immediately. Canada aims to reduce emissions from light-duty vehicles by seven megatonnes by 2030, out of a total of 12 megatonnes. This will entail the replacement of 1.8 million internal combustion engines, or roughly 7% of the fleet of vehicles.