By Blair Qualey
The latest report by S&P Global Mobility demonstrates that zero emission vehicle (ZEV) adoption is catching on in Canada, although not to the same extent as it is here in BC where this province continues to be a leader.
The market share of zero-emission light-duty ZEVs vehicle in Canada hit 9.4 per cent in the third quarter of 2022, an all-time high that shatters the previous best quarterly result of 8.3 per cent, recorded in Q1 last year.
So how does Canada stack up against other developed countries? According to findings published by BloombergNEF, between January to June 2022, global ZEV sales hit 4.3 million, a 7 per cent increase over 2021. 56 per cent of global sales were made in China, 28 per cent in Europe, and 11 per cent in the United States.
Based on the data, for every eight vehicles sold world-wide through the first two quarters of last year, nearly one of those was a ZEV. Over that same period, Canada’s proportion was roughly one EV for every fourteen new vehicles bought in the first half of 2022, with 55,600 EVs sold in the first half of last year.
The market share of ZEV registrations in Canada’s three largest cities in Q3 saw Vancouver at 21.7 per cent, Montreal at 15.4 per cent and Toronto at 8.6 per cent.
