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Fewer Canadian drivers planning to buy an EV or hybrid
– moneysense.ca
A new survey finds fewer drivers intend to make their next car purchase an electric vehicle.
EY’s Mobility Consumer Index report shows overall intentions among survey respondents to buy a new vehicle were up 6% compared with last year. But fewer of them are leaning toward buying an EV.
Intentions to buy a fully electric, plug-in hybrid or hybrid vehicle in the next two years slightly dipped to 50% this year, compared with 52% in 2023, the report, published Wednesday, said.
It breaks the trend of increases in recent years. In 2021, about 35% of all potential vehicle buyers in Canada were interested in an EV or a hybrid, that number jumped to 46% in 2022.
“That flattening curve is something new that we’re seeing,” said Jennifer Rogers, automotive and transportation leader at EY Canada, in an interview.
When it comes to fully electric vehicles only, buying intentions fell to 15% this year, compared with 18% last year.
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