Canadian’s interests in EVs is growing steadily [Report]

According to CarGurus, Canadian’s interest in EVs continues to rise steadily.

In March 2022, CarGurus completed a study of 464 automobile owners in Canada about their sentiments towards EVs.

Compared to last year’s survey, Canadian interests continue to grow around EVs.

As per the survey, roughly 40 per cent said they would be likely to own an EV in the next five years, up from 32 per cent last year.

While 60 per cent of respondents said, they would be likely to own an EV in the next ten years, up from 54 per cent last year.

Unsurprisingly, younger Canadians are more interesting in owning EVs than any other generation.

More than 66 per cent of car owners aged 18 to 29 expect to acquire an EV within the next ten years.

Alexandra Howerter, the senior consumer insights analyst at CarGurus, had this to say about the report:

Despite barriers like access to charging and high costs, consumers are beginning to more seriously consider investing in electric vehicles. As automakers bring new EV models to the market, the pool of potential shoppers has expanded, with older shoppers more interested than ever.

The usual suspects are all there in terms of brands, with Tesla leading the way for EVs.

The top three brands were:

  1. Tesla
  2. Toyota
  3. Honda

While for hybrids, the top three were:

  1. Toyota
  2. Honda
  3. Hyundai

Interestingly, no other start-up EV company was on the list of potential auto brands consumers were looking to buy.

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