Canada: Number of Registered EVs More Than Doubled This Year
In the small automotive market that is Canada, EVs are making substantial gains year over year.
Last year, there were 1,600 EVs registered in Canada. This year, we are up to 4,000 and climbing.
Many factors are driving this growth, and the World Wildlife Fund of Canada must be one of the strongest. In fact, each province and, in some cases individual towns, have a “climate change strategy” and, along with that, set goals to reduce pollution.
The recently released report by the International Panel on Climate Change serves as ammunition for the WWF-Canada in goal revisions heading forward. The new goals are stunning to say the least: 600,000 total EVs on the frozen roads of Canada in less than seven years. That number translates to 10% market share by 2020. Will the Canadian market be able to purchase 350,000 EVs in the final two years leading up to 2020? I’m not so sure.
The growth of the EV industry is close to an exponential rate, just what Canada (and the US for that matter) need to hit lofty targets.
- 1,600 last year
- 4,000 this year
- 10,000 by 2014
- 25,000 by 2015
- 60,000 by 2016
- 100,000 by 2017
- 250,000 by 2018
- 400,000 by 2019
- 600,000 by 2020
Source: Market Wired