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Monday 14 October 2019

Canada’s electric vehicle industry to experience massive annual growth

Report predicts EV industry annual growth rate of 28 percent over next ten years and a 14-fold increase in jobs as annual investment in sector is set to increase from $1.7 billion to $7 billion

If the electric vehicle sector continues to grow as projected, nearly half the vehicles sold in Canada in 2030 will be electric.

That’s the outlook according to a new report from Clean Energy Canada, in partnership with Navius Research. The study, “The Fast Lane: Tracking the Energy Revolution 2019,” lays out a road map of Canada’s clean energy future and its role in the economy.

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