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Canada EV Purchases Jump 55% but Miss Targets

By Drooid · · How we work

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Story summary
  • Canada recorded a 55% jump in electric vehicle purchases in August 2026, still missing federal goals.
  • JD Power analyst Robert Karwel said Canada is not on track for its EV targets.
  • Karwel estimates EVs cost about $7,000 more than comparable gasoline cars, a gap he expects to shrink.
  • Hybrid vehicles account for about 17% of the market and cost $3,000-$4,000 less than gasoline models.