Story perspectives
Canada's EV Market Set to Surge by 2025
8/2/2025
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Story summary
- By 2025, Canada's electric vehicle (EV) market is expected to mature amid volatility.
- Currently, Canada has a 15.4% EV market share, behind Norway and China.
- From 2021 to 2025, average vehicle prices rose 27%, while EV prices increased by 13%.
- EV supply is projected to expand by 800% by 2030, as internal combustion vehicle market share declines by 17.3%.
- Federal support for zero-emissions vehicles may greatly enhance market growth.
