The number of vehicle sales in the electric vehicles market in Canada was forecast to continuously increase between 2024 and 2029 by in total 82.9 thousand vehicles (+48.3 percent). After the ninth consecutive increasing year, the number of vehicle sales is estimated to reach 254.49 thousand vehicles and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
CO2 emissions exert a profound influence on climate and the environment, fueling the greenhouse effect and contributing significantly to global climate change. Nearly one-fourth of these emissions worldwide can be attributed to the transportation sector. Electric vehicles (EVs) emerge as a promising solution, potentially acting as a carbon-neutral alternative when powered by renewable energy sources. This underscores their pivotal role in mitigating the impact of traditional combustion engine vehicles on the environment.
The Electric Vehicles market includes information about electric vehicles in countries where, according to our sources, a public electric vehicle charging infrastructure is already available. In this context, “public” means that people have unrestricted access to the charging infrastructure. A vehicle can be defined as electric if it is self-contained with a battery or classified as a plug-in hybrid. All key figures shown represent the sales of new cars, and their basic configuration in the respective year. The figures do not include the sale of used vehicles nor adapted equipment for the new cars sold. The prices and revenues shown are accordingly based on the basic models.
The Electric Vehicle market is divided into distinct two distinct markets, namely Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). This categorization allows for a nuanced understanding of the market dynamics, considering the specific attributes and market penetration of each electric vehicle type. The emphasis on new car sales and their foundational configurations ensures clarity, while the exclusion of used vehicles and customizations maintains focus on the evolving landscape of electric vehicles.
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Statista Market Insights. (October 15, 2024). Volume in the electric vehicles market Canada from 2017 to 2029 (in thousand vehicles) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/forecasts/1439729/volume-electric-vehicles-electric-vehicles-market-canada
Statista Market Insights. "Volume in the electric vehicles market Canada from 2017 to 2029 (in thousand vehicles)." Chart. October 15, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/forecasts/1439729/volume-electric-vehicles-electric-vehicles-market-canada
Statista Market Insights. (2024). Volume in the electric vehicles market Canada from 2017 to 2029 (in thousand vehicles). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/forecasts/1439729/volume-electric-vehicles-electric-vehicles-market-canada
Statista Market Insights. "Volume in The Electric Vehicles Market Canada from 2017 to 2029 (in Thousand Vehicles)." Statista, Statista Inc., 15 Oct 2024, https://www.statista.com/forecasts/1439729/volume-electric-vehicles-electric-vehicles-market-canada
Statista Market Insights, Volume in the electric vehicles market Canada from 2017 to 2029 (in thousand vehicles) Statista, https://www.statista.com/forecasts/1439729/volume-electric-vehicles-electric-vehicles-market-canada (last visited November 05, 2024)
Volume in the electric vehicles market Canada from 2017 to 2029 (in thousand vehicles) [Graph], Statista Market Insights, October 15, 2024. [Online]. Available: https://www.statista.com/forecasts/1439729/volume-electric-vehicles-electric-vehicles-market-canada