Thu. Sep 29th, 2022


Highlights

  • Zero Emission Vehicle (ZEV) trends in Canada remain strong and
    in 2021, 1 out 20 new vehicles registered in Canada was a ZEV.
  • Share of ZEV climbed to 5.6% up from 3.8% in 2020.
  • Total ZEV volume increased by 58% y/y, and Battery Electric
    Vehicles (BEV) have grown 51% y/y.
  • Plug-in Hybrid Electric Vehicles (PHEV) have grown nationally
    by 73% y/y.
  • British Columbia leads the way with adoption of
    electrification, and ZEVs account for 13.0% of all new light
    vehicles for 2021 in the province.

National Enhanced Fuel Type Trend

The combined volume of light vehicles of all electrification
types (including EV/PHEV/HEV/FCEV (xEV) grew 66% in 2021, when
compared to 2020. Likewise, hybrid EV (HEV) increased 74% or
+41,394 units, Fuel Cell EV (FCEV) increased 102 units, BEV 51% or
20,197 units and PHEV increased 73% or 12,000 units. The combined
xEV penetration now stands at 11.8%, up from 7.6% in 2020. ICE
vehicle share of Industry saw its largest decline, where ICE share
now stands at 88.2% a 4.2 percentage point drop from 2020.

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This article was published by S&P Global Mobility and not by S&P Global Ratings, which is a separately managed division of S&P Global.

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