BEVs, PHEVs and hybrids have accounted for around 20% of the overall market for three straight quarters, up from a previous peak of 15% in Q1 2023.
BEVs, PHEVs and hybrids have accounted for around 20 per cent of the overall market for new vehicle sales in Canada for three straight quarters. Canada could hit a peak in gasoline demand this decade because of the upward trajectory of electric and hybrid vehicle sales, a BMO economist says., amid a decline across nearly all categories regardless of fuel type.
Johnson says he expects the EV and hybrid market share to keep growing, though at a slower and less consistent pace, with price point a primary factor, especially in the current economic context. One person is dead and several other people are injured after an early morning crash involving a semi-truck that shut down a portion of I-75 in Monroe County, Michigan.
a gunman had hijacked a commuter bus with 17 people inside, prompting passengers to frantically text loved ones and call 911 for help, police said.One person is dead after a collision on Highway 37 at Boundary Road outside Belleville, Ont. Ontario Provincial Police said a sport utility vehicle and a pickup truck collided around 11 a.m. Wednesday. The pickup truck rolled into a ditch, trapping the lone person inside.
Hybrid Vehicles Erik Johnson BMO Capital Markets Canada Hybrid Vehicle Market Share Alternative Fuel Vehicles
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Slow sales in Canada's housing market boon for affordability, rate cuts: BMO'When it comes to Canadian housing, calm is good,' says BMO's chief economist.
Read more »
'Calm is Good' In Canada's Housing Market: BMOErin Nicole Davis is a born and raised Toronto writer with a passion for the city and its urban affairs and culture.
Read more »
Canada's BMO misses profit on high loan loss provisions, US weakness(Reuters) -Canadian lender Bank of Montreal on Wednesday missed analysts' estimates for quarterly profit, hurt by weakness at its U.S. segment and as it sets...
Read more »
Some BMO bank clients face outages in Canada, U.S.Bank of Montreal clients on both sides of the border Thursday morning have reported outages for banking services.
Read more »
BMO clients face outages in Canada, U.S. following data centre fire alarmBank of Montreal clients on both sides of the border Thursday morning have reported outages with banking services. BMO said its technical team is investigating.
Read more »
Foreign investment ‘highlights concerns around the attractiveness of doing business in Canada,’ says BMO economistDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Read more »