- As gas prices in Canada remain high, more people are considering purchasing an electric vehicle (EV).
- AutoTrader’s director of marketing intelligence, Baris Akyurek, said there was a lot of interest in electric vehicles even before the COVID-19 pandemic.
As gas prices remain high across Canada, more people are interested in purchasing an electric vehicle (EV).
However, some people will have to wait a while before getting behind the wheel of an electric vehicle.
As per the recent survey conducted by AutoTrader, Canada’s largest automotive marketplace, about two-thirds of Canadians are mulling buying an electric vehicle as their next vehicle.
Even before the COVID-19 pandemic, AutoTrader’s director of marketing intelligence, Baris Akyurek, said there was a lot of interest in electric vehicles.
However, in recent months, the pandemic, as well as rising gas prices, have piqued people’s interest even more.
“Nationally, (EV) searches increased by 89 percent yearly. When we looked at the number of EV-related inquiries sent to dealerships, it had increased by 567 percent year over year. As a result, consumers indicate that electric vehicles will be considered for their next purchase,” said Akyurek.
In 2020, only 3.2 percent of all vehicle sales in Canada will be electric vehicles, according to Akyurek. By 2021, the percentage had risen to 5.6%.
While Akyurek expects that number to increase by the end of 2022, he also acknowledges that several factors are at play that is causing some people to delay their purchases.
Supply chain issues and the growing demand for electric vehicles are two factors.
“There’s an ongoing chip shortage, a semiconductor shortage in the market,” Akyurek continued, “and that affects the entire industry regardless of what type of engine the vehicle has, whether it’s an electric vehicle or an internal combustion engine.”
Tim Burrows is a member of the Ontario Electric Vehicle Society’s board of directors. He also hosts a monthly webinar called Canada Talks Electric Cars, which looks at various electric vehicle-related topics from the Canadian standpoint.
According to Burrows, recent delays in purchasing a new electric vehicle have caused people to wait several months, if not a year, in some cases.
“Electric car sales already were going to escalate at a good pace and fast enough that some automakers were scrambling to keep up.” But now there’s been some fuel added to it, and it’s accelerating,” Burrows explained.
He claims that while waiting lists for new electric vehicles are common in Canada, available inventory tends to flow to provinces implementing a provincial incentive program.
While the federal govt offers a $5,000 rebate for so several electric vehicle models, provinces such as British Columbia, Quebec, and parts of Atlantic Canada have gone above and beyond.
“Manufacturers will often prefer those provinces that have electric vehicle incentives if they only have a constrained quantity of inventory to ship to Canada,” he said.
While waiting for a vehicle to be released can be frustrating for interested EV buyers, Burrows believes it can also be an opportunity for people to do more research and find the vehicle that best suits their needs.
“People can do their homework, understand what’s involved, and truly appreciate the benefits of owning an electric vehicle before they even consider purchasing one,” he said.
“I talk to many people who have switched to electric vehicles. They’re pretty darn happy once they make that leap, and they don’t think they’ll ever go back.”
Source: Global News