Canada’s ZEV Market Surges: 43.6% Increase in New Registrations in 2024
Tokyo, Japan – July 30, 2025 – The Japan External Trade Organization (JETRO) today released a report highlighting a significant surge in the Zero Emission Vehicle (ZEV) market in Canada. According to the report, titled “2024年ZEV新車登録43.6％増（カナダ）” (2024 ZEV New Vehicle Registrations Up 43.6% (Canada)), new ZEV registrations in Canada experienced a robust 43.6% increase in 2024, underscoring the nation’s commitment to electrification and sustainable transportation.
This substantial growth indicates a strong and accelerating adoption of ZEVs by Canadian consumers, driven by a combination of supportive government policies, expanding model availability, and increasing consumer awareness of the environmental and economic benefits of electric vehicles.
The report, published by JETRO, a government-related organization promoting mutual trade and investment between Japan and the world, provides valuable insights into the dynamic Canadian automotive landscape. It suggests that Canada is on a clear path towards achieving its ambitious climate targets through the widespread adoption of ZEVs.
While the report does not delve into specific model breakdowns or provincial data, the overall 43.6% increase signals a significant shift in consumer preference towards battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). This trend is likely bolstered by various incentives, including federal and provincial rebates for ZEV purchases, as well as investments in charging infrastructure across the country.
For Japanese automakers and related industries, this burgeoning Canadian ZEV market presents substantial opportunities. The increasing demand for ZEVs suggests a growing market for electric vehicle components, charging solutions, and advanced battery technologies. Understanding these market dynamics is crucial for Japanese businesses looking to expand their presence or strengthen their position in the North American automotive sector.
JETRO’s continued reporting on global ZEV market trends serves as an important resource for businesses seeking to navigate international markets and capitalize on emerging opportunities in the transition to a sustainable future. The strong performance of ZEVs in Canada in 2024 reinforces the global momentum towards electrification and highlights the potential for further growth in this vital sector.
AI has delivered the news.
The answer to the following question is obtained from Google Gemini.
日本貿易振興機構 published ‘2024年ZEV新車登録43.6％増（カナダ）’ at 2025-07-30 15:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.