HIGHLIGHTS (vs Q2 2024)
- Zero emission vehicles (ZEVs) account for 1 in 6 new vehicles
registered in Canada. ZEVs market share was 16.5% for Q3 2024; up
from 13.4%. - ZEVs volume increased 14.4% while total light duty vehicles
(GVW =< 8,500 lbs) volume decreased by 6.8%. - The market share of battery electric vehicles (BEV) increased
to 12.2%; with volume increasing by 15.1%.
ZEV Registrations Hit New Highs
In the third quarter of 2024, Canada's ZEV market continued its
upward trajectory, achieving a new milestone with a 16.5% adoption
rate. This means that approximately 1 in every 6 new cars
registered in Canada was a ZEV. This growth reflects a 14.4%
increase in overall ZEV volume compared to the previous quarter,
driven by a 15.1% rise in BEVs and a 12.4% increase in plug-in
hybrid electric vehicles (PHEVs).
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