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News   February 15, 2023   by Adam Malik

How much ZEVs grew in 2022

Report says results show ‘clear demand’ for technology

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The results are in and zero-emission vehicles continued their rapid growth in Canada.

Overall, ZEVs grew 42.6 per cent in 2022 compared to the year before, according to a report from S&P Global Mobility.

These vehicles — which included battery electrics, hybrids and plug-in hybrids — were one of every 11 new vehicle registrations in Canada in 2022. Its market share increased to 8.9 per cent for last year, up from 5.6 per cent the year before.

Battery electric vehicle volume was up 65.4 per cent — a year-over-year increase of 39 per cent — bringing its market share to 7 per cent.

British Columbia once again led the country in new BEV registrations with 15 per cent. But it was Quebec that led in volume, accounting for 36.7 per cent of overall ZEV volume in 2022.

The rise in ZEV registrations comes as the number of light vehicles entering the market drops.

“These figures demonstrate a clear demand for electric and sustainable transportation in Canada,” the quarterly report said.

Ontario saw nearly double (95 per cent) the number of ZEV registrations in 2022 compared with the previous year. The province made up 31.5 per cent of all ZEV registrations in Canada. When looking at BEVs, volume grew 121 per cent, a feat S&P called “impressive” for the year.

Vancouver (22.5 per cent adoption), Montreal (16 per cent) and Toronto (9.4 per cent) make up 58 per cent of ZEV volume in Canada. Toronto had the fastest growth with a 107 per cent volume increase.

Rural communities are also adopting ZEVs at an increasing pace. In 2022, the rural ZEV adoption rate in 6.5 per cent, an increase from the 4.4 per cent rate in 2021.

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1 Comment » for How much ZEVs grew in 2022
  1. Bob Ward says:

    Prospective buyers need to do their homework before purchasing an electric vehicle. One needs to think about the raw material supply needed for battery production and who controls it. Also the depreciation factor is important. Battery replacement costs will often exceed the value of the vehicle at that time so over time the vehicle will not be a good investment. People do not consider the infrastructure needed for charging them. It is far behind demand. Also they do not work well in cold climates. Manufacturers may not disclose any of these details. Manufacturers need to do more development before releasing EVs to the public.

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