Canada Electric Vehicle Charging Stations Market - Forecasts from 2024 to 2029

Canada Electric Vehicle Charging Stations Market - Forecasts from 2024 to 2029

The Canadian electric vehicle charging stations market is estimated to attain US$740.454 million by 2029, from US$359.588 million in 2024, growing at a CAGR of 15.54%.

An electric vehicle charging station is a type of service offered by electric mobility companies, that offers charging facilities for electric vehicles, at multiple locations. The availability of easy availability and publicly accessible charging stations plays a critical role in the development of any nation’s electric vehicle landscape, as these charging stations allow the drivers of electric vehicles to charge their vehicles, while they are away from their home setups.

One of the major factors propelling the growth of the Canadian electric vehicle (EV) charging station market is the introduction and implementation of new government policies and strategies to develop the nation’s EV charging infrastructure. Similarly, the increasing sales of electric vehicles in the nation are also estimated to propel the market forward.

Canada Electric Vehicle Charging Stations Market Drivers:
Introduction of favorable governmental policies and investments.

The Canadian electric vehicle charging station market is expected to witness massive growth with the introduction of new and favorable policies by the nations and local governments. The national government of Canada has introduced multiple policies and investment schemes to boost the nation's EV infrastructure. This includes policies for purchasing electric or zero-emission vehicles, installing charging facilities, and additional tax discounts.

For instance, in February 2024, the Government of Canada and the City of Toronto announced their plan to invest US$10 million in expanding the electric vehicle charging network in the nation. The press release further stated that with this joint investment, the city will benefit from 486 new Level 2 electric vehicle chargers, providing a higher charging rate, and 40 new fast chargers by the end of 2025. The local government of Toronto also stated that by the end of 2025, the city is expected to have about 850 charging ports across 100 locations.

Similarly, the Government of Quebec introduced its strategy to boost the region's electric vehicle infrastructure in 2023. One of the major targets of the government is to install charging stations at about 33% of the parking space in the city, which constitutes about 600,000 parking spaces. The government also aims to install about 6,700 public fast-charging stations and 110,000 Level 2 public chargers across the region by 2030.

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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
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The Canadian Electric Vehicle Charging Stations Market is segmented and analyzed as follows:

By Type of Electric Vehicle

Battery Electric Vehicle (BEVs)
Plug-in Hybrid Electric Vehicle (PHEV)

By Application

Public
Private