Do Canadians have an appetite for electric vehicles? Experts are divided

  • 📰 GlobalCalgary
  • ⏱ Reading Time:
  • 49 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 61%

Canada EV Market News

Car Buying Trends,Electric Vehicle Demand,Electric Vehicle Rebate

With billions being pumped into EV manufacturing, and more cars poised to hit the market, do Canadians want to buy those cars in the first place?

The electric vehicle manufacturing plant coming to Alliston, Ont., marks the most recent funding push that the province has made to ramp up EV supply. But, as more cars are poised to hit the market in the future, do Canadians have an interest in buying them in the first place? Noor Ra’fat Ibrahim looks at where the Canadian consumer appetite for EVs currently stands.By 2028, a Honda manufacturing plant in Alliston, Ont., should be ready to pump out 240,000 electric vehicles every single year.

That number, according to the Electric Vehicle Council of Ottawa , is just one of many other signs that show Canadian car buyers are in fact interested in EVs. “Now we’re in this hyper-inflation situation, where peoples mortgages are being hit with high interest rates, people are worried about household credit card debt, so what are they looking for? They’re looking for cheaper cars, with small engines, that cost less to operate. Generally, those are hybrids.”B.C. teen’s killer says new TV show about Reena Virk’s murder ‘disrespectful’

“We have seen data from Statistics Canada that shows we could have an instant 25 per cent increase of EV’s on the road, with no changes required whatsoever to the grid … Grid operators know full well that EV transition is underway. They are already preparing for it.”to more EVs by 2025. EVCO has also been working to increase chargers in areas like apartment buildings and condos, which typically don’t have them.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 50. in CAR

Car Car Latest News, Car Car Headlines