Market Research Report
Strategic Analysis of the Canadian EV Market, 2019
|Published by||Frost & Sullivan||Product code||949174|
|Published||Content info||66 Pages
Delivery time: 1-2 business days
|Strategic Analysis of the Canadian EV Market, 2019|
|Published: June 22, 2020||Content info: 66 Pages||
Toyota and Tesla Have Monopolized the Hybrid and the BEV Markets, Respectively, While Hyundai-Kia Has Offerings Across All xEV Types
The automotive industry is rapidly evolving in terms of technology as well as its ability to tackle environmental issues. Electric vehicles (EVs) were introduced as a clean energy initiative as they are low- or zero-emission vehicles; now, however, they have become an integral part of OEMs' business strategies. Automakers are creating separate EV business units to prepare themselves for the expected boom in future. This surge in demand will create a massive need for charging infrastructure as well as safety regulations and standards.
Although the Canadian EV market has been recording steady growth, its full potential is not being tapped due to a lack of incentives from the government (national as well as provincial). The government has declared ambitious sales targets all the way until 2040, and it is determined to make the country a leader in terms of green mobility; however, this is yet to be reflected in the policies of several provinces.
This Frost & Sullivan research service offers a detailed analysis of the Canadian EV market; annual (2019) as well as historical (2010-2019) sales forecasts are examined.
PEVs and HEVs have separate sections, and data is compiled in the form of:
The study concludes with key findings, observations, and growth opportunities to act on.