The Canada electric car market is projected to grow at a significant CAGR during the forecast period (2019-2025). The market growth is attributed to the increasing environmental concern that has encouraged the adoption of electric cars in the country. According to the International Energy Agency, Canadians drive the most polluting cars across the globe.
Over the past 20 years, carbon pollution from transportation has increased by 30% owing to the growing preference for SUVs and trucks. However, according to a survey conducted by Abacus Data and Clean Energy Canada in 2019, most of the Canadians lean toward an electric car for their next vehicle purchase.
Browse the full report description of "Canada Electric Car Market Size, Share & Trends Analysis Report by Vehicle Type (Hatchback, Sedan, and SUV), By Propulsion Technology (Battery, Hybrid, and Fuel Cell) by Battery Type (NiMH, Li-ion, and Others), and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/canada-electric-car-market
The players have also started focusing on the electric car in the country, which in turn will drive the regional growth of the market. For instance, in September 2020, Ford Motor Company of Canada Ltd. has agreed to spend around $2 billion on its Canadian plants as part of a tentative contract deal with Unifor. Under the agreement, Unifor's national president said $1.95 billion will be invested in Canadian plants of the Ford, including $1.8 billion towards the production of five electric vehicles in Oakville, Ontario. Such investment by the players will ultimately yield new jobs in the country and hence will drive the regional growth of the market.
Market Coverage
Key questions addressed by the report
Canada Electric Car Market Report Segment
By Vehicle Type
By Propulsion Technology
By Battery Type
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