Canadian home sales flat in April as buyers remain cautious - The Globe and Mail + MORE May 15th
The best GIC rates in Canada for 2025 May 12th
OAS payment dates in 2025, and more to know about Old Age Security + MORE Jan 6th
Best online brokers in Canada for 2025 + MORE May 20th
Stock market news for Canadian investors: Cineplex, McDonald’s report earnings Feb 12th
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.
Featured Car Loans
featured
Fig Financial
Apply for a personal loan with a 8…
