Canadians' interest in buying EVs fades as barriers, concerns remain: J.D. Power
BNN Bloomberg
A new study finds fewer Canadians say they're interested in buying an electric vehicle as concerns remain about limited driving ranges, high prices and a lack of charging stations.
The J.D. Power survey shows 11 per cent of respondents said they were "very likely" to buy an EV as their next car, down three percentage points compared with last year.
J.D. Ney, director of the automotive practice at J.D. Power Canada, says auto manufacturers are investing large sums in EV and battery manufacturing facilities but EVs are still more expensive than gas-powered cars and more education is needed for a smooth transition among consumers.
Statistics Canada data on zero-emission vehicle registrations in the fourth quarter of 2023 showed registrations were down by almost 5,000 quarter-over-quarter.
