The Q3 2024 numbers mark an all-time high for the Canadian EV sector with S&P predicting that EVs will make up 15.2 per cent of all light-duty vehicle sales in 2024
The StatsCan data shows there was an incremental increase in new battery-electric vehicle registrations in 2023 over the previous year
Data provider predicts Canada’s zero-emission vehicle market share will hit 16 per cent by the end of 2024, despite widespread talk of a slump in ZEV sales
More than 65,000 zero-emission vehicles were registered in Q2 2024 — a 30 per cent quarter-over-quarter increase
Quebec was the only province to post a gain in Q1 and now leads all provinces in ZEV market share (at 25 per cent) and ZEV volume
The overall decline reflects a drop in battery electric vehicle registrations nationally to 8.2 per cent, compared to 9 per cent in Q4, while plug-in hybrid registrations held steady at 3 per cent
Big news at the provincial level, meanwhile: for the first time ever, Quebec and B.C. tied for the largest ZEV market share, at 21.4 per cent
Battery electric and plug-in hybrid vehicle market share was 13.2 per cent, down a fraction from Q3, but still well above Q2’s 10.5 per cent, according to S&P Global Mobility
Zero-emission vehicle registrations reached 12.1 per cent, gaining more than two percentage points of market share, according to Statistics Canada
One in eight vehicles registered in Canada in the third quarter of this year was either battery electric or a plug-in hybrid, according to data from S&P Global Mobility
