According to “American Auto News”, data from the car consulting company Desisrosier Automotive Consultants (DAC) shows that in 2024, car manufacturers sold 1.86 million new cars in Canada, an increase of 8.2%over 2023. This is the highest annual sales of the Canadian new car market since 2019 (1.91 million).
Earlier, the Scottiabank Economics (Scotiabank Economics) had predicted that Canada’s new car sales in 2024 were about 1.78 million, while the US Autoforecast Solutions predicted 1.89 million units.
It is said that in 2024, the sales of electric vehicles in Canada surged, one of the reasons may be the policy change in Quebec. In April last year, the provincial government announced that it would gradually cancel the “Roulez Vert” incentive measures. It is reported that in 2024, the plan can provide a discount of up to $ 7,000 for consumers who purchase pure electric vehicles. Starting from January 1, 2025, the incentive amount has fallen to $ 4,000, and in 2026 to $ 2,000, and all of them will be canceled in 2027. DESROSIERS said that before the incentives retired, consumers in Quebec province “snapped up” electric vehicles.
In 2024, the sales of electric vehicles in Canada increased in Canada. For example, in 2024, Toyota’s electric vehicle sales continued to soar, with sales of 117,528 units, an increase of 17.7%year -on -year, accounting for 49.2%of the company’s total sales of Canada in 2024. Among them, the sales volume of BZ4X, RAV4 Prime and Lexus NX 450H+all set a new record. The company predicts that its sales in Canada in 2025 will continue to grow.
Canadian consumers have also increased the demand for Ford’s electric vehicles. In 2024, the sales of electric vehicles of this car manufacturer reached 21,153 vehicles in history, an increase of 66.1%year -on -year. Among them, Mustang Mach-E sales far exceeded Mustang cross-border cars.
Last year, General Motors led all auto manufacturers in the Canadian market with a total sales volume of 294,315 vehicles. As far as electric models are concerned, Chevrolet Equinox electric vehicles have a total sales of 16,989 vehicles, accounting for more than half of the total sales of the Canadian Equinox models.
However, at the beginning of the new year, the upcoming US President Trump and Canadian Prime Minister Trudeau pushed the automotive industry to a huge uncertainty. Trump promised to impose a 25%tariff on imported goods in Canada and threatened to annex Canada through “economic power”, and Trudeau had announced his resignation.