Canada Electric Commercial Vehicle Market 2022-2027

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    CANADA ELECTRIC COMMERCIAL VEHICLE MARKET

     

    INTRODUCTION

    The primary reasons driving towards the industry’s growth in the coming years is favourable government laws and subsidies sensitivity to ecological concerns.

     

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    In 2019, EV subsidies were cut, resulting in a modest drop in electric car sales in 2019. However, the government continues to offer a significant subsidy on EVs.

     

    As a result, the Electric business model remains to appeal to those sensitive about their planetary footprints and social standing, as well as early adopters of technology advancement and those that can take advantage of government incentives to help offset the additional cost.

     

    CANADA ELECTRIC COMMERCIAL VEHICLE MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Canada funds production of electric vehicles in zero emissions push The Canadian government is enacting a sales requirement that will ensure that all new light-duty vehicle sales are made in Canada. Canada This would enhance better Technological Controls
    2 Canadian govt invests $423 million in EV production in zero-emission push The increased federal investment in Stellantis’ project finance, which will modernise assembly plants and enhance electric vehicle production (EV). Canada This would enhance better Technological Controls
    3 New EV Chargers Coming to New Brunswick It has announced an investment of $83,938 in WSC Colpitts Developments (2003) Ltd., which will construct 22 Level 2 EV chargers in many multi-unit residential buildings in Fredericton. Canada This would enhance better Technological Controls
    4 General Motors to launch Canada’s first commercial electric vehicle hub in Ontario At its CAMI automotive assembly factory, General Motors will build Canada’s first full-scale commercial electric vehicle manufacturing hub. Canada This would enhance better Technological Controls

     

    COMPETITIVE LANDSCAPE

    Autonomous motors can play an important part in this evolving EV market, as Canada has highlighted them as a critical contributor to meeting our transportation sector greenhouse gas emissions reduction target of 12 megatons of CO2 by 2030.

     

    However, success will necessitate a collaborative ecosystem of people. This is going to have to alter immediately. Canada aims to reduce emissions from light-duty vehicles by seven megatons by 2030, out of a total of 12 megatons. 

     

    Toyota Inc. is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. Economy, Standard, and Power are the three driving modes available on the Proace Electric and Proace Verso Electric, which are selected using just a centre console-mounted button.

     

    The new versions include medium-duty vans including personnel carriers with seating for up to nine persons. The smallest of the two is a 50 kWh battery with 18 modules that weighs 383 kg and has a driving range of up to 230 kilometres.

     

    The larger, 27-module device weights 534 kg and produces 75 kWh. 

     

    Hyundai Trucks and Bus is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. HMC’s zero-emission buses seems to be the result of its designers’ never-ending quest for commercial trucks that are practical, reliable, and unique.

     

    This breakthrough, which is in line with the era of smart globalisation, embodies the exquisite mix of CV engineers’ experience and expertise. With its modern design that is equivalent to that of advanced countries, the new model, Elec City, has re-established the character of modern mass transit. It also hints to Hyundai’s future plans and mind-set.

     

    COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

     

     

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