ZEV registrations in Canada hit 8.3 per cent in Q1 2022, says IHS

Battery electrics drove all the improve, reaching 6.2 per cent market share; new mannequin choices and better gasoline costs get credit score for the surge

New automotive registration totals for the primary quarter of 2022 present electrical car uptake in Canada isn’t slowing down. As an alternative, it’s gathering velocity.

In accordance with London-based consulting agency IHS Markit, zero-emission autos (ZEV, which embrace battery electrical and plug-in hybrid) made up 8.3 per cent of recent car registrations between Jan. 1 and March 31. That’s the equal of 1 out of each 12 autos.

By comparability, within the fourth quarter of 2021, by IHS knowledge, the ZEV market share accounted for six.5 per cent of registrations. On condition that the This fall determine itself mirrored a achieve from 5.6 per cent in Q3 of 2021, the short-term pattern suggests a steepening curve.

“Stock constraints, new BEV and PHEV entrants, and elevated gasoline costs have accelerated the uptake of BEV and PHEV autos within the Canadian market,” said IHS Markit in its quarterly “Automotive Insights” report.

Battery electrics prepared the ground

Maybe much more putting, the Q1 ZEV share improve was fueled fully by development in registrations of battery electrical autos (BEV), which jumped to six.2 per cent from 4.2 in This fall 2021. Plug-in hybrids (PHEVs), alternatively, fell barely in Q1 versus This fall.

Whereas the IHS Markit report doesn’t present uncooked registration knowledge, it did say that the amount of BEV registrations jumped by 52 per cent versus Q1 2021, whereas for all ZEVs the rise was 48 per cent.

In the meantime, the general new car market shrunk, with complete registrations down 9.3 per cent in Q1 2022 versus Q1 2021.

Trying on the share of recent ZEV registrations by province, British Columbia and Quebec — the one two jurisdictions with each provincial purchaser incentive packages and producer gross sales mandates to enhance the federal iZEV program — continued to be effectively forward of the curve on electrification adoption.

ZEV registrations in B.C. in Q1 2022 made up 17.1 per cent of the whole market share of recent car registrations, up from 14.8 per cent in This fall 2021 and 13.5 per cent in Q1 2021.

Quebec, in the meantime, noticed zero-emission car market share rise to 13.6 per cent in Q1, up from 10.1 per cent in This fall and eight.6 per cent in Q1 of 2021. Quebec’s 5.1 per cent year-over-year share differential was the best of any province.

Ontario, which doesn’t provide any provincial EV incentives, recorded the third largest provincial share of ZEV registrations in Q1 2022, at 5.7 per cent. That’s a soar from 4.6 per cent in This fall 2021 and up from 2.5 per cent in Q1 of final yr.

Ontario tops B.C. in ZEV quantity

From a quantity standpoint, Ontario accounted for 28 per cent of all ZEV registrations in Canada, two proportion factors better than B.C., in Q1 2022. Quebec’s quantity share eclipsed each, as that province accounted for 39 per cent of all ZEV registrations in Canada within the quarter.

Notably, Prince Edward Island ranked fourth within the Q1 report, with ZEV registrations at 3.8 per cent market share. This compares to a a lot smaller 1.2 per cent share within the first quarter of 2021, and displays the affect of the province having had its personal rebate program for a full yr.

Within the Prairie provinces, development in market share was modest yr over yr: Alberta (up 1.9 to three.1 per cent), Saskatchewan (up 0.4 to 1.5 per cent), and Manitoba (up 1.5 to 2.4 per cent).

As for Canada’s three greatest cities, Vancouver led the cost with a 21.6 per cent ZEV registration price. Montreal (17.1 per cent) and Toronto (7.6 per cent) got here in second and third place respectively. 

You will discover the IHS Markit report here.