EV sales in Canada 2023

2023 was a significant year for electric vehicle (EV) sales in Canada. Here's an overview of the EV sales landscape in Canada for 2023:

Overall Growth: EV sales in Canada saw a remarkable increase, with a staggering annual growth rate of 46%, resulting in an eightfold increase between 2017 and 2023.

Market Share: EVs captured over 10% of new vehicle sales in Canada for the first time, with a precise figure of 10.8% for the year. The fourth quarter alone saw an even higher market share of 12%.

Regional Leaders: British Columbia and Quebec led the country in EV sales, each reaching around 20-21.4% of total vehicle sales in 2023.

Sales by Manufacturer: General Motors Canada led the industry in total sales and market share, with Chevrolet's all-electric Bolt and Bolt EUV seeing a 121% increase in sales[2]. Toyota Canada Inc. (TCI) also reported record electrified vehicle sales, with 99,824 units sold, representing 43.9% of the company's overall vehicle sales.

Zero-Emission Vehicle (ZEV) Registrations: ZEV registrations, which include both full electric (BEV) and plug-in hybrid (PHEV) vehicles, surged to 13.3% in Q3 2023[5]. For the full year, ZEVs had an 11.7% market share, with BEVs alone accounting for 8.8% of registrations[6].

Challenges and Opportunities: While the EV market faced challenges such as price and public charging infrastructure, there were also positive developments. These included the introduction of less expensive and smaller EVs, the production of passenger electric vehicles in Canada, and the expansion of the public charging network.

In summary, EV sales in Canada in 2023 were robust, with significant growth in market share and strong performance from various manufacturers. The trend towards electrification was clear, with regional leaders like British Columbia and Quebec setting the pace, and the industry as a whole moving towards a more sustainable future.