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Canada Electric Car Market expected to reach 139,846.47 thousand units by 2029 exhibiting a CAGR of 20.2% as per Maximize Market Research

(USGovernment-News.Com, July 04, 2024 ) Canada Electric Car Market saw Electrical Vehicle sale increased 30% in first half of 2022 as per Maximize Market Research.

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.

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Canada Electric Car Market Segmentation

By Technology BEV



By Battery Type

Lithium-ion Batteries

NMC (Nickel Manganese Cobalt) Batteries

LFP (Lithium Iron Phosphate) Batteries

Solid State Batteries

By Product Sedans




Sports Cars


By Price Range

Low-Priced Electric Cars

Mid-Priced Electric Cars

Luxury Electric Cars

By Car Type

Passenger Cars

Commercial Cars

Shared Mobility

By Charging Point

Normal Charging

Super Charging

By End User

Personal Users

Government Organizations

Shared Mobility Provider

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Canada Electric Car Market Key Players:

Electra Meccanica


Briggs Automotive Company (BAC)

Campagna Motors


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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.

The global Ultra Compact Electric Car market was valued US$ XX Mn. in 2019 and is expected to reach US$ XX Mn. by 2026.

About Maximize Market Research

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.


L Godage


Source: EmailWire.Com


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