Canada Portable Electric Vehicle Charger Market Size, , By Application

Synopsis
The above chart is Canada Portable Electric Vehicle Charger Market Size, 2018-2030, By Application (USD Million)

Market Dynamics

the demand for portable electric vehicle (ev) chargers in canada has been steadily increasing in recent years. this can be attributed to a growing awareness and adoption of evs, government initiatives and incentives, and a supportive infrastructure for electric vehicles. although the market for evs in canada is relatively small compared to other developed countries, it has been experiencing rapid growth. according to the canadian vehicle manufacturers' association, the sales of electric cars in canada increased by 66% in 2019, with over 40,000 new electric vehicles registered. this trend is expected to continue in the coming years, driving the demand for portable ev chargers. the major application areas of portable ev chargers in canada include residential, commercial, and public charging. residential charging is the most common application, as it allows ev owners to charge their vehicles overnight at home, providing convenience and cost savings. this segment is expected to dominate the market due to the increasing number of ev owners in canada. commercial and public charging are important applications of portable ev chargers, as they provide charging solutions for evs while on the go. commercial charging is mainly used by fleets and company cars, while public charging is used by individuals and tourists. these two applications are expected to grow in demand with the increasing adoption of evs and the development of infrastructure, such as charging stations, across canada. the demand for portable ev chargers is also being driven by government initiatives. the canadian federal government has set a goal to have 100% of light-duty vehicle sales be zero-emission by 2040. to achieve this, they have implemented various policies and incentives, such as the izev (incentivizing zero-emission vehicles) program, which offers incentives for purchasing electric and hybrid vehicles. this has led to an increase in the number of ev owners in canada, further boosting the demand for portable ev chargers. canada's geography and climate also play a role in the demand for portable ev chargers. with harsh winters and long distances between cities, ev owners require reliable and fast charging solutions. portable ev chargers provide the flexibility and convenience needed for long-distance travel and can be used in a variety of locations, further driving demand. in conclusion, the demand for portable ev chargers in canada is being driven by the increasing adoption of evs, supportive government policies, and the need for convenient and reliable charging solutions. as the ev market in canada continues to grow, the demand for portable ev chargers is poised to increase, making it a promising market for manufacturers and suppliers.