EV sales are still growing. So why are carmakers pulling back?

Statistics Canada News

EV sales are still growing. So why are carmakers pulling back?
Vehicle RegistrationsEV IndustryElectric Vehicles
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 63 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 63%

Some of the headlines about electric vehicles lately might give the impression that the market is headed for a crash. But new data shows electric vehicle...

Electric cars sit charging in a parking garage at the University of California, Irvine, in January 2015. Sales of zero-emission cars are still growing in Canada — though perhaps not as quickly as had been expected.

The trend hasn't been entirely linear, but it's clear sales are still growing — though perhaps not as quickly as had been expected. That mainstream buyer, Ney says, is less wealthy and more practical, and it will take extra effort to convince them to ditch gas-powered cars. That could explain why sales of plug-in hybrids are revving up, with new registrations jumping 43.1 per cent in the second quarter compared with the same period last year. PHEVs allow drivers to travel moderate distances on electric power. Once the battery is depleted, the gas-powered engine can take over. It's a compromise that may appeal to customers concerned about range and charging infrastructure, offering a less risky choice than going all-electric.

"We are building an EV industry here. We have all of the ingredients for Canada to succeed in this sector," said Brian Kingston, president of the Canadian Vehicle Manufacturers' Association. "I'm convinced we'll continue to see a growth in EV adoption, but we do have to address some of those barriers to demand."The federal government introduced new regulations meant to speed up the transition to electric, pushing automakers to build enough EVs to meet demand.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Vehicle Registrations EV Industry Electric Vehicles Canadians J.D. Power Canada Evs

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.

Oilers elect not to match Blues' offer sheets on Broberg, HollowayOilers elect not to match Blues' offer sheets on Broberg, HollowayThe Edmonton Oilers have elected not to match the offer sheets from the St. Louis Blues on defenceman Philip Broberg and forward Dylan Holloway. Edmonton receives a second-round pick back for Broberg and a third-round pick back for Holloway from the Blues as compensation.
Read more »

Republicans flock to Democratic convention with ‘common cause’ to elect HarrisRepublicans flock to Democratic convention with ‘common cause’ to elect HarrisThe Democratic convention is featuring Republican speakers every night as anti-Trump conservatives flock to Chicago to build support for Kamala Harris.
Read more »

Obamas Make Their Case to Elect Harris: DNC Analysis Night 2Obamas Make Their Case to Elect Harris: DNC Analysis Night 2Former President Barack Obama highlighted the stakes of the election and went to bat for Vice President Kamala Harris on night two of the Democratic National...
Read more »

Germany is set to elect its first far-right party in state elections since the Nazi eraGermany is set to elect its first far-right party in state elections since the Nazi eraThe far-right Alternative for Germany won a state election for the first time Sunday in the country’s east, and was set to finish at least a very close second to mainstream conservatives in a second vote, projections showed.
Read more »

Delaware Democrats back Sara McBride's bid to become first openly transgender person in US CongressDelaware Democrats back Sara McBride's bid to become first openly transgender person in US CongressDOVER, Del. (AP) — Delaware in November could elect the first openly transgender member of Congress and the state’s first Black U.S. senator.
Read more »

Delaware Democrats back Sara McBride's bid to become first openly transgender person in US CongressDelaware Democrats back Sara McBride's bid to become first openly transgender person in US CongressDOVER, Del. (AP) — Delaware in November could elect the first openly transgender member of Congress and the state’s first Black U.S. senator.
Read more »



Render Time: 2025-02-15 23:53:13