Electric Vehicles - Canada - Highlights

• The Electric Vehicles market in Canada is poised to witness significant growth in the coming years.
• According to projections, the revenue in this market is expected to reach US$9.2bn by 2025.
• This indicates a promising future for the Electric Vehicles market in Canada.
• Furthermore, it is estimated that the market will experience a compound annual growth rate (CAGR) of 8.35% from 2025 to 2029.
• This steady growth trajectory is anticipated to result in a market volume of US$12.6bn by 2029.
• In terms of unit sales, it is predicted that Electric Vehicles market will reach a substantial figure of 254.50k vehicles units by 2029.
• This showcases the increasing demand for these vehicles in Canada.
• When considering the pricing aspect, the volume weighted average price of Electric Vehicles market in 2025 is expected to be US$49.4k.
• This indicates that these vehicles are positioned in a higher price range, reflecting the advanced technology and features they offer.
• From an international perspective, China is expected to generate the highest revenue in the Electric Vehicles market, amounting to US$377,900m by 2025.
• This highlights China's dominance in the global Electric Vehicles market industry.
• Overall, the Electric Vehicles market in Canada is projected to witness substantial growth in terms of revenue, market volume, unit sales, and pricing.
• These developments align with the global trend towards sustainable transportation options, and in Canada is poised to be a significant player in this market segment.
• Canada has seen a significant increase in the adoption of electric vehicles, driven by government incentives and a growing awareness of environmental sustainability among consumers.

For more details click on the link: https://www.statista.com/outlook/mmo/electric-vehicles/canada