Electric Vehicle Sales Slump in Canada After Brief Resurgence In a surprising reversal, electric vehicle (EV) sales in Canada have dipped back into single-digit territory after a brief spike in March. Just a month prior, EVs had accounted for 12.2% of all new vehicle sales, a significant increase from previous months. However, with the revival of the ZEV rebate program in April, expected to provide a boost to EV adoption, sales instead fell back to around 8-9% of the market. The sudden decline has raised questions about the long-term viability of the EV market in Canada, and whether the rebate program is having the desired impact.
Ottawa revived its ZEV rebate program in April, helping buoy sales in the segment. But after adoption climbed to 12.2 per cent in March, the penetration rate fell back into single digits in April.
