Canada markets open in 2 hours 29 minutes
  • S&P/TSX

    19,203.70
    +2.40 (+0.01%)
     
  • S&P 500

    4,141.59
    +13.60 (+0.33%)
     
  • DOW

    33,677.27
    -68.13 (-0.20%)
     
  • CAD/USD

    0.7966
    -0.0015 (-0.18%)
     
  • CRUDE OIL

    61.13
    +0.95 (+1.58%)
     
  • BTC-CAD

    80,572.09
    +1,145.27 (+1.44%)
     
  • CMC Crypto 200

    1,384.32
    +90.33 (+6.98%)
     
  • GOLD FUTURES

    1,742.20
    -5.40 (-0.31%)
     
  • RUSSELL 2000

    2,228.92
    -4.86 (-0.22%)
     
  • 10-Yr Bond

    1.6230
    0.0000 (0.00%)
     
  • NASDAQ futures

    13,995.25
    +19.50 (+0.14%)
     
  • VOLATILITY

    16.69
    -0.22 (-1.30%)
     
  • FTSE

    6,907.63
    +17.14 (+0.25%)
     
  • NIKKEI 225

    29,620.99
    -130.61 (-0.44%)
     
  • CAD/EUR

    0.6661
    -0.0012 (-0.18%)
     

Electric vehicle sales surge, putting B.C. on track for emission reductions

·1 min read

VICTORIA — Electric vehicles are selling in record numbers in British Columbia.

The provincial government says more than 54,000 light-duty electric vehicles were registered in B.C. last year.

Energy Minister Bruce Ralston says that's the highest reported uptake rate of electric vehicles in North America, making the province a leader in the industry.

B.C.'s annual zero-emission vehicle report says residents are also adopting electric technology in less traditional ways, including motorcycles and cargo e-bikes, spurred by a vehicle incentive program.

The report tracks B.C.'s progress for its zero-emission vehicle targets and the province is on track to exceed the 2025 targets with light-duty electric vehicle sales representing 9.4 per cent of all such vehicle sales last year.

The Zero-Emission Vehicles Act requires vehicle makers to meet increasing annual levels of electric vehicle sales of 10 per cent by 2025, 30 per cent by 2030 and 100 per cent by 2040.

This report by The Canadian Press was first published April 6, 2021.

The Canadian Press