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First half of 2022 saw 1 in 14 cars were full electric or plug-in hybrid, from 1 in 20 of 2021. Environment Minister Steven Guilbeault proposed that one-fifth of all passenger cars, SUVs, and trucks sold in Canada in 2026 will need to run on electricity, with targets of 60% by 2030 and all passenger vehicles by 2035.
Canada Electric Car Market to contribute reduced target of 12 megatonnes of CO2 by 2030 as per Maximize Research.
Canadian govern has incentivised iZEVs, BEVs, PHEVs, HFCVs driving the market growth.
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
An Electric Car Market was valued at US$ 164.06 Bn. in 2022 and is expected to grow at US$ 816.7 Bn. in 2029. Electric Car Market size is expected to grow at a CAGR of 25.77 % through the forecast period.
Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.
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