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
Automotive Insights – Q3 2024 Canadian EV Information and Analysis
HIGHLIGHTS (vs Q2 2024)
- Zero emission vehicles (ZEVs) account for 1 in 6 new vehicles registered in Canada. ZEVs market share was 16.5% for Q3 2024; up from 13.4%.
- ZEVs volume increased 14.4% while total light duty vehicles (GVW =< 8,500 lbs) volume decreased by 6.8%.
- The market share of battery electric vehicles (BEV) increased to 12.2%; with volume increasing by 15.1%.
ZEV Registrations Hit New Highs
In the third quarter of 2024, Canada's ZEV market continued its upward trajectory, achieving a new milestone with a 16.5% adoption rate. This means that approximately 1 in every 6 new cars registered in Canada was a ZEV. This growth reflects a 14.4% increase in overall ZEV volume compared to the previous quarter, driven by a 15.1% rise in BEVs and a 12.4% increase in plug-in hybrid electric vehicles (PHEVs).
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.