Automotive Insights – Canadian EV Information and Analysis Q3 2022

Highlights

• In Canada, tendencies in zero-emission cars (ZEV = BEV and
  PHEV) picked up drastically for all mild motor vehicle registrations as
  of quarter 3 2022.
• ZEVs account for just one out of each 12 new motor vehicles registered in
  Canada. ZEVs sector share amplified to 8.4% for 2022, up from 5.3%
  in the preceding time period.
• The current market share of battery electrical vehicles (BEV) greater
  to 6.5%, with volume increasing by 56.% 12 months in excess of 12 months. 12 months around
  year, full ZEV volume elevated by 38.8%.

Countrywide Improved Fuel Sort Craze

When compared to Q3 2021 calendar year to date, new car registrations
have fallen by 12.5% over-all and the put together volume of xEV light
motor vehicles (EV/PHEV/HEV/ FCEV) amplified by 14.7% as of Q3 2022. xEVs
now account for 15.2% of all new registrations though classic
ICE vehicles account for 84.8%.

More comparisons of Q3 2022 versus the prior yr clearly show
BEVs and PHEVs observed volume gains (25,368 and 287), when HEV and
FCEV each observed volume declines.

Stock constraints keep on to play a position on new car
registrations. Even with the constraints, BEV adoption fees carry on
to boost and have doubled from Q3 2021 (3.7%).

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This posting was posted by S&P International Mobility and not by S&P Worldwide Rankings, which is a separately managed division of S&P World.