Consumer interest in buying electric cars drops to 15%, highlighting concerns over cost and infrastructure.

A recent EY report shows a decline in consumer intentions to buy electric vehicles (EVs), dropping to 15% this year from 18% last year, despite a 6% overall increase in new car purchase intentions. Key concerns include limited driving range, high EV prices, expensive battery replacements, and inadequate charging infrastructure. To meet Canada's 2035 zero-emission target, these issues need addressing. Those still interested in EVs cite high gasoline prices, environmental concerns, and federal incentives as motivating factors.

November 27, 2024
30 Articles