Quebec Leads Canada in Zero Emission Vehicle Adoption
Quebec’s Market Leadership
In the first quarter of 2024, Quebec stood out as the only province to see an increase in Zero Emission Vehicle (ZEV) registrations, now leading all provinces with a 25% market share and the highest ZEV volume.
Overall ZEV Market Trends in Canada
According to S&P Mobility Canada, the market share for ZEVs in new light-duty vehicle registrations fell to 12.5% in Q1 2024, down from 13.2% in Q4 2023. This decline was driven by a decrease in battery electric vehicle (BEV) registrations, which dropped to 9.2% from 10%. Plug-in hybrid vehicles (PHEVs), however, saw a slight increase to 3.3% from 3.2%.
Provincial Highlights
– Quebec: Increased its ZEV market share to 25% in Q1 from 24% in Q4, now leading in both market share and volume, accounting for 47.6% of all ZEV registrations in Canada.
– British Columbia: Saw its ZEV market share decline to 21.9% from 24.3%.
– Other Provinces: ZEV registrations rose significantly in several provinces compared to the same period last year, including New Brunswick (+111.4%), Quebec (+90.7%), and Ontario (+29.0%).
Year-over-Year Gains
Despite the quarterly decline, year-over-year data shows a positive trend. In Q1 2024, ZEVs made up 11.3% of all new vehicle registrations, up from 8.6% in Q1 2023. The number of new ZEV registrations increased by 53%, rising from 30,555 to 46,744.
Other Vehicle Registration Trends
Overall, Canadians registered 414,763 new motor vehicles in Q1 2024, a 16.6% increase from Q1 2023 but a 3.1% decrease from Q4 2023. Notably, multi-purpose vehicle registrations saw the largest increase (+30.1%) year-over-year, while pickup trucks experienced an 8.2% decrease, marking the first decline in seven consecutive quarters.
Evolve Fleet: Your Partner in Going Green
At Evolve Fleet, we are committed to helping businesses transition to sustainable transportation solutions. If you’re looking to introduce zero emission vehicles to your fleet, contact us today to discover how we can support your journey towards a greener future.