Story perspectives

Canada's ZEV Sector Poised for Explosive Growth by 2035

4/10/2025

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Summary

Story summary

Ernst & Young forecasts substantial growth in Canada's zero-emission vehicle (ZEV) sector over the next decade, boosting GDP and job creation.
By 2035, e-mobility may contribute 47% to the transportation sector's GDP, with employment potentially tripling.
Electric vehicles could represent 21-75% of light-duty vehicles by 2035, driven by rising consumer demand.
Industry leaders remain optimistic despite current sales declines, citing long-term growth and technological advancements.
The report stresses the importance of stable policies and addresses challenges from U.S. trade tariffs.

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Story summary

Ernst & Young forecasts substantial growth in Canada's zero-emission vehicle (ZEV) sector over the next decade, boosting GDP and job creation.
By 2035, e-mobility may contribute 47% to the transportation sector's GDP, with employment potentially tripling.
Electric vehicles could represent 21-75% of light-duty vehicles by 2035, driven by rising consumer demand.
Industry leaders remain optimistic despite current sales declines, citing long-term growth and technological advancements.
The report stresses the importance of stable policies and addresses challenges from U.S. trade tariffs.