article thumbnail

Why Canada won’t hit EV targets

Auto Service World

Canada’s goal of having electric vehicles (EVs) make up 60 per cent of new vehicle sales by 2030 is increasingly looking unattainable, according to the president of the Global Automakers of Canada, and its keeping his members awake at night. “Canada is going to have to spend about $1.4

article thumbnail

U.S., Europe Both Behind Meeting 2030 Public Charging Needs

Tomorrow's Technician

Key markets in the electric vehicle (EV) transition are falling behind in their goals for public charging infrastructure, according to McKinsey. Europe, and the UK are significantly behind the number of charging points needed to meet growing EV demand by 2030. The data reveals that the U.S., This represents a 550% increase.

Retail 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

EV infrastructure a global issue

Auto Service World

Key markets in the electric vehicle transition are falling behind in their stated goals for public charging infrastructure, according to the latest figures. are more than six times behind the number of charging ports needed to meet growing EV demand by 2030. Europe, and the U.K. Europe, and the U.K. Europe needs a 5.5-fold

Retail 277
article thumbnail

The ‘horror story’ of the used vehicle market

Auto Service World

The used vehicle market is facing significant supply challenges and a course correction isnt expected for many years to come. Daniel Ross, senior manager of industry insights and residual value strategy at Canadian Black Book described the current state of the used vehicle market as a “horror story.”

Vehicle 130
article thumbnail

Will EV Sales Improve in 2025? What Experts Predict

Automotive Training Centre

As the automotive industry shifts towards a more sustainable future, electric vehicle (EV) sales have become a key indicator of progress. What This Means for Aspiring Automotive Technicians The anticipated growth in EV sales underscores the increasing demand for skilled hybrid and electric vehicle mechanic s capable of servicing them.

article thumbnail

Still high but used vehicle prices stabilize

Auto Service World

Canadian used vehicle prices have stabilized in recent times but still remain elevated. Meanwhile, electric vehicle pricing is still higher than what would be considered affordable to consumers. Turning to electric vehicles, Ross discussed the complexities of value retention for EVs and plug-in hybrids.

Vehicle 130
article thumbnail

Fleets look to electrify faster than consumers

Auto Service World

The report, The Commercial EV Transition: Global Insights on a Mixed-Energy Fleet Future from by Frost & Sullivan, commissioned by WEX, outlined crucial findings for businesses managing fleets with both electric vehicles (EVs) and internal combustion engine (ICE) vehicles.