Canada Electric Vehicle Charger Market Size, Share & Trends Analysis Report by Ownership (Public and Private), by Charger Type (Slow Charger and Fast Charger), by Connector Type (AC Connectors and DC Connectors) and Forecast 2019-2025
Canada electric vehicle charger market is anticipated to grow at a double-digit growth rate during the forecast period, 2019-2025. The high purchasing power of the vehicle, government incentive, presence of major market players is among the major factor for the growth of the electric vehicle market and so electric charger market.
Under the Federal ZEV purchase incentive program, the electric vehicle is eligible for an incentive of $2,500 to $5,000 while purchasing. Moreover, people are also eligible for the incentive ranging from $625 to $5,000 when taking cars on lease.
EV of the companies including Audi, Ford, Hyundai, Toyota, Kia, Chevrolet, Tesla and so on are eligible for these incentives in the country. The government of the country is making a significant expenditure for developing dense EV charging infrastructure in the country.
For instance, in January 2020 Electric Vehicle and Alternative Fuel Infrastructure Deployment Initiative by Natural Resources Canada will build 54 fast chargers in the central and western parts of the country.
Key companies contributing to the market include ABB Ltd., Tesla, Inc., Leviton Manufacturing Co., Inc., Webasto SE, ChargePoint, Inc., Schneider Electric SE, Siemens AG, TGOOD Global Ltd., and others.
Canada electric vehicle charger market is studied on the basis of ownership, charger type, and connector type. By ownership, the market is further segmented into Public and Private.
According to the International Energy Agency, in 2018, there was around 8,000 publicly accessible EV charger, out of which 840 are fast chargers whereas others are slow chargers. By charger type, the market is segmented into slow chargers and fast chargers.
During the forecast period, fast chargers are expected to show a lucrative growth rate. By connector type, the market is further analyzed into AC connectors and DC connectors.
AC connector market is further segmented into Type 1, Type 2 and other chargers, whereas the DC connector market is further segmented into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla) chargers. DC connectors are expected to show a considerable growth rate during the forecast period.
The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.
Electric Vehicle Charger Market by Ownership
Electric Vehicle Charger Market by Charger Type
- Slow Charger
- Fast Charger
Electric Vehicle Charger Market by Connector Type
- AC Connectors
- Type 1
- Type 2
- Other (Domestic Socket)
- DC Connectors
- Combined Charging System (CCS)
- Type 2 (Tesla)
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