Nearly 70% of Canadians Will Buy An Electric Vehicle As Their Next Car: KPMG Survey

EV Charger

Seven out of ten (68%) Canadians who plan on buying a new car in the next five years are likely to choose an electric vehicle.

A recent survey by KPMG reveals that there is large consumer demand for EVs in Canada – for both pure and hybrid cars. Motivators are environmental concerns, lower operating costs, tax incentives, and reduced insurance premiums.

Key findings are:

  • 62% of Canadians plan on buying a new car in the next one-to-five years.
    • Of this 62%, 79% of those aged 18 to 44 will choose an EV.
    • For those aged 45 years and older, 58% will choose an EV.
    • There is higher demand in British Columbia (77%) and Quebec (75%).
  • 31% are willing to spend less than $30,000 for an EV.
    • 42% are willing to spend between $30,000 to $49,999.
    • 20% are prepared to spend up to $74,999.
  • 59% of Canadians who plan to buy an EV will also buy their own charger.
    • In British Columbia, this number is 50% and in Quebec, it is 66%.

Despite high numbers, there are still doubts about the EV market. Of the 62% of Canadians planning on buying a car that is not an EV, key considerations are:

  • 67% are concerned about reliability in cold weather.
  • 60% cite high costs.
  • 51% say there’s a limited driving range.
  • 50 % complain of a lack of charging infrastructure.
  • 30% doubt an EV’s battery life.
  • 24% are turned off by limited model options.
  • 24% dislike long recharging times.

With the large Canadian demand, manufacturers and governments are expected to invest in EV infrastructure and to meet the surge in EV sales.

About Heather Park 50 Articles
Currently living in Toronto, I love all things tech, EVs, and Tesla. Contact me to share any tips or stories! Email: heather@driveteslacanada.ca