this post was submitted on 29 Aug 2024
127 points (100.0% liked)

Canada

7273 readers
445 users here now

What's going on Canada?

Related Communities

🍁 Meta

πŸ—ΊοΈ Provinces / Territories

πŸ™οΈ Cities / Local Communities

Sorted alphabetically by city name.

πŸ’ SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer

πŸ’» Schools / Universities

Sorted by province, then by total full-time enrolment.

πŸ’΅ Finance, Shopping, Sales

πŸ—£οΈ Politics

🍁 Social / Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca

founded 4 years ago
MODERATORS
[email protected]
127
EV prices need to drop by one third if Canada wants to hit sales targets, says gov't report (www.ctvnews.ca)
submitted 3 months ago by [email protected] to c/[email protected]
96 comments fedilink hide all child comments
 

Unless policies or technologies change, the ownership cost of electric vehicles (EVs) needs to decrease by 31 per cent if Canada to wants to reach its sales target of 60 per cent EVs by 2030, according to a new report released Thursday by Parliamentary Budget Officer Yves Giroux.

Last December, the federal government unveiled its Electric Vehicle Availability Standard that outlined zero-emission vehicle sales targets for automakers. The standard requires all new light-duty sales in Canada to be electric or plug-in hybrid by 2035. There are also interim targets of at least 20 per cent of all sales being EVs by 2026 and 60 per cent by 2030.

Those federal government targets come as growth forecasts for auto companies have plateaued and concerns about charging infrastructure persist. The price of EVs has also pushed the cars out of reach for many consumers. According to the Canadian Black Book, the average cost of an EV was $73,000 in 2023.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 3 months ago* (last edited 3 months ago) (1 children)

The article literally states BYD outsold Nissan worldwide this year

[–] [email protected] -1 points 3 months ago (1 children)

Can you not read past a headline?

BYD outsold Nissan worldwide in number of units, but that includes BYD's China sales which make up almost all of it's sales.

If you eliminate sales in China, BYD sold only 242k vehicles globally, and Nissan sold around 2.4 million.

BYD is NOT a major brand outside of China.

That's like saying China Railway Group is a major international construction company because it's the worlds largest by revenue, despite essentially operating only in China.

[–] [email protected] 2 points 3 months ago* (last edited 3 months ago) (1 children)

Did anyone complain about wanting to buy a railway but there's not enough choice out there for the consumer?

[–] [email protected] 2 points 3 months ago

Yes... It's quite common for companies to bid internationally for such projects. They tried and failed so badly they had to be replaced on a multi billion dollar European project a few years back.