Highlights

• In Canada, total light Industry (GVW =< 8500 lbs) volume
  declined -9.7%
• ZEVs account for one out of every 11 new vehicles registered in
  Canada. ZEVs market share increased to 8.9%for 2022, up from 5.6%
  in 2021
• The marketshare of battery electric vehicles (BEV) increased to
  7.0%, with volume increasing by 65.4%year over year. Year over
  year, total ZEV volume increased by 38.8%

National Enhanced Fuel Type Trend

Despite a decline in the total volume of light industry vehicles
in Canada by -9.7% for 2022, the market share of zero-emission
vehicles (ZEVs) has seen a steady rise. In fact, one in every 11
new vehicles registered in Canada is now a ZEV, indicating a
growing shift towards sustainable transportation.

Not only has the market share of ZEVs increased, but the overall
volume of ZEVs has also seen a substantial growth. Year over year,
the total volume of ZEVs in Canada has increased by 38.8%.

This upward trend in ZEV volume can largely be attributed to the
growth in battery electric vehicles (BEVs), which have seen a 65.4%
increase in volume. These figures demonstrate a clear demand for
electric and sustainable transportation in Canada.

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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.

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• Source: http://www.spglobal.com/mobility/en/research-analysis/automotive-insights-canadian-ev-information-and-analysis-q4-20.html