Discover more about S&P Global's offerings
Customer Logins
Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.
Customer Logins
BLOG
Jun 18, 2024
Automotive Insights – Q1 2024 Canadian EV Information and Analysis
HIGHLIGHTS (vs Q4 2023)
- Zero-emissions vehicles (ZEVs) account for 1 in 8 new vehicles registered in Canada. ZEVs market share was 12.5% for Q1 2024; down from 13.2%.
- ZEVs volume decreased 9.3% while total light duty vehicles (GVW =< 8,500 lbs) volume decreased by 4.0% .
- The market share of battery electric vehicles (BEVs) decreased to 9.2%; with volume decreasing by 11.7%.
ZEVS Registrations Pull back
Quarter-over-Quarter Volume and Share Changes: From the fourth quarter of 2023 to the first quarter of 2024, the volume of ZEV registrations decreased 9.3%. Correspondingly, the market adoption rate of ZEVs also saw a slight decrease from 13.2% in Q4 2023 to 12.5% in Q1 2024.
Download the full Canadian EV Insights report and sign up to receive future installments
This article was published by S&P Global Mobility and not by S&P Global Ratings, which is a separately managed division of S&P Global.
{"items" : [
{"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fstage.www.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fautomotive-insights-q1-2024-canadian-ev-information-and-analys.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fstage.www.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fautomotive-insights-q1-2024-canadian-ev-information-and-analys.html&text=Automotive+Insights+%e2%80%93+Q1+2024+Canadian+EV+Information+and+Analysis+%7c+S%26P+Global+","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fstage.www.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fautomotive-insights-q1-2024-canadian-ev-information-and-analys.html","enabled":true},{"name":"email","url":"?subject=Automotive Insights – Q1 2024 Canadian EV Information and Analysis | S&P Global &body=http%3a%2f%2fstage.www.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fautomotive-insights-q1-2024-canadian-ev-information-and-analys.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Automotive+Insights+%e2%80%93+Q1+2024+Canadian+EV+Information+and+Analysis+%7c+S%26P+Global+ http%3a%2f%2fstage.www.spglobal.com%2fmobility%2fen%2fresearch-analysis%2fautomotive-insights-q1-2024-canadian-ev-information-and-analys.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"}
]}