Canada Electric Vehicle Charging Stations Market Size, Share, Opportunities, And Trends By Type Of Electric Vehicle (Battery Electric Vehicles (BEVs), Plug-In Hybrid Electric Vehicles (PHEVs)), And By Application (Public, Private) - 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.

• Increasing demand for electric vehicles in the nation

The increasing sales of electric vehicles nationwide are among the major factors for Canada's EV charging station market growth. The nation's increasing demand for electric vehicles is attributed to the introduction of governmental policies and subsidies for purchasing zero-emission vehicles. The International Energy Agency, in its global electric vehicle sales report, stated that in 2021, the total sales of battery electric vehicles (BEVs) were recorded at 59,000 units, which increased to 91,000 in 2022. In 2023, the total sales of battery electric vehicles nationwide were recorded at about 130,000 units.

The registration of new vehicles nationwide grew by 13.4% from 2022. Statistics Canada, in its report, stated that in 2023, the new registration of zero-emission vehicles accounted for about 10.8% of all motor vehicles. Of zero-emission vehicles, about 75.6% were battery-electric vehicles, whereas about 24.4% were about plug-in hybrid vehicles.

Canada Electric Vehicle Charging Stations Market Products Offered by Key Companies:

• ABB Ltd. is among the biggest multinational corporations that offer products and solutions across multiple industries, including mining, automotive, chemicals, railways, solar power, life science, metals, and building & infrastructures. The company products include control room solutions, motors & generators, drives, electric drivetrains, and robotics, among others. It offers various charging solutions in the Canadian electric vehicle charging station market, like AC Destination, DC Fast, DC high power All-in-one, V2G, HVC360, and DC Destination.
• JOLT Charge is a multinational e-mobility solution provider that operates in multiple countries, including the USA, Canada, and Australia. The company offers a wide range of charging solutions worldwide and also offers services like mobile applications and charger-finding services.

Canada Electric Vehicle Charging Stations Market Key Developments:

• In September 2024, JOLT Charge, a global free, fast, and clean EV charging provider, announced the installation of its first charger in the City of Richmond Hill, part of the Greater Toronto Area (GTA). This installation is part of the company's plan to install about 5,000 public fast chargers across Canada.
• In October 2023, BMW Group, a global vehicle manufacturer, announced in a release that it offered its customers access to the Tesla Supercharger Network across the US and Canada. The company also announced that it will adopt the North American Charging Standard (NACS) for its electric vehicles in the USA and Canada from 2025.

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

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. CANADA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY TYPE OF ELECTRIC VEHICLE

5.1. Introduction

5.2. Battery Electric Vehicles (BEVs)

5.3. Plug-in Hybrid Electric Vehicle (PHEV)

6. CANADA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION

6.1. Introduction

6.2. Public

6.3. Private

7. COMPETITIVE ENVIRONMENT AND ANALYSIS

7.1. Major Players and Strategy Analysis

7.2. Market Share Analysis

7.3. Mergers, Acquisitions, Agreements, and Collaborations

7.4. Competitive Dashboard

8. COMPANY PROFILES

8.1. EVdirect

8.2. ABB Ltd

8.3. EVDuty (Elmec)

8.4. Tesla Inc.

8.5. ChargePoint Inc.

8.6. JOLT Charge Ply Ltd.

8.7. Electrify Canada

8.8. Enel X Way USA, LLC.

8.9. United Chargers Inc.

8.10. Hypercharge Networks Corp.

EVdirect 

ABB Ltd 

EVDuty (Elmec) 

Tesla Inc. 

ChargePoint Inc. 

JOLT Charge Ply Ltd. 

Electrify Canada 

Enel X Way USA, LLC. 

United Chargers Inc. 

Hypercharge Networks Corp.