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Customer LoginsWhen compared to H1 2021, new vehicle registrations fell by 11.8% overall and the combined volume of xEV light vehicles (EV/PHEV/HEV/FCEV) did increase by 15.5% in H1 2022, xEVs now account for 14.8% of all new registrations, while traditional ICE vehicles account for 85.2%.
Further comparisons of H1 2022, BEVs and PHEVs saw volume gains (11,960 and 2,844), while HEV and FCEV each saw volume declines.
Continued inventory constraints, new BEV and PHEV entrants, and increased fuel prices have accelerated the uptake of BEV and PHEV vehicles in the Canadian market.
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This article was published by S&P Global Mobility and not by S&P Global Ratings, which is a separately managed division of S&P Global.
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