Frost & Sullivan's recent study, Strategic Analysis of the Canadian EV Market, predicts the Canadian electric vehicle (EV) market is likely to experience a possible stagnation in 2020 due to the lack of support from provincial governments. However, federal incentives are expected to give an impetus to the market.
The country continues to prefer hybrid electric vehicles over plug-in electric vehicles (PEVs). Despite this, the gap in sales is reducing and will continue to do so as charging infrastructure improves in 2020 and beyond.
“As there exists a notable lack of non-cash incentives in current provincial EV-centric policies and schemes, provincial governments, apart from the big three — Quebec, Ontario, British Columbia — need to introduce such incentives to push EV adoption,” said Ishaan Kolse, automotive and transportation research associate at Frost & Sullivan. “Additionally, charging station networks must be extended beyond the southern
