These Canadians plan to buy their new EV within 10 years.
60% of these intend on making a move in the next one to five years.
42% of those surveyed are prepared to spend between $30,000 and $50,000 for their new EV.
It would seem as though Canadians are ready and quite willing to purchase new electrified vehicles in the near future. 2,000 Canadians were surveyed and the results show that, as a nation, we’re more than ready to embrace the idea of giving up on our dependence on petrol.
The biggest motivator behind the interest in EVs is environmental concerns. Mixed into this are ownership costs, various incentives, and potentially lowered insurance premiums. According to the survey published by KPMG, 68% of Canadians will shop for an electric vehicle (EV), a plug-in hybrid, or a regular hybrid.
Within the findings, KPMG points out that, of those surveyed who plan on getting an electrified vehicle in the future, 77% in British Columbia and 75% in Quebec say they are in the market for a new EV. Also, men (73%) are more inclined to get an EV than women (62%).
One of the most important pieces of data extrapolated from the survey is that close to four in five (79%) of those aged 18 to 44 (chiefly Millennials and from Generation Z) are very likely or likely to buy an EV within the next five years.
Of the few negative considerations that Canadian EV buyers might, 53% fear that the electrical grid may not be able to withstand such an increase in demand while 67% worry about reliability in cold weather conditions.