Toronto, June 09, 2022 (GLOBE NEWSWIRE) — A full 20 percent of new personal vehicles and transport vehicles will be zero-emission by 2026. Rising fuel prices have given Canadians another reason to purchase electric vehicles. According to research by AutoTraders, two-thirds of Canadians are now considering going electric for their next vehicle purchase. However, most interested buyers are unable to obtain an electric vehicle, according to EV online sales platform Carnex CEO Bruce Wu,
Long wait times
Canada’s transportation agency reported that over half of Canadian auto dealers do not have electric vehicle inventory. In severe cases, dealerships must wait up to six months to fulfill backorders. Major global EV makers like Toyota and Nissan have already depleted their stock for 2022 and hit their peak production capacity. The mainstream view attributes semiconductor shortage and Canada’s inadequate supply distribution to be the roadblock to the vacuum.
However, Bruce Wu offers another perspective. With seven years of experience in the industry, Wu said “most major automakers do not see a strong business case to sell electric vehicles in Canada. Traditional revenue streams for the auto industry come from aftermarket support. Because electric vehicles require less maintenance, there’s less money to be made in this regard.”
Moreover, Wu believes that Canada lacks the robust EV regulations established in markets like China and the E.U.
“Automakers…
