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Last Published 8/8/2024 6:55:42 PM By Rene Jaspers
BLOGFeb 28, 2024
Automotive Insights – Q4 2023 Canadian EV Information and Analysis
HIGHLIGHTS (vs 2022)
ZEVs account for 1 in 9 new vehicles registered in Canada. ZEVs
market share finished at 11.7% for 2023; up from 8.9%.
ZEVs volumes increased 48.9% while total light duty vehicles
(GVW =< 8,500 lbs) volume increased 13.1% .
The market share of battery electric vehicles (BEV) increased
to 8.8%; with volume increasing by 43.5%. Total ZEV volume
increased by 48.9%.
BEVs Reach Record Share in Canada - 2023
With the wrap of the fourth quarter of 2023, it's an opportune
time to reflect on the state of Zero Emissions Vehicles (ZEVs) in
Canada. Despite a slight dip in the final quarter, with ZEV volume
declining by 6.8% compared to the overall light-duty vehicle
industry volume decrease of 5.3% in Quarter 4, the year has shown
promising growth for the sector.
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