New BC EV Regulation 2040: What Does It Mean to Your Industry

New BC EV Regulation 2040: What Does It Mean to Your Industry

Last November, the BC NDP government announced a new target: 100%1 of all new light-duty vehicle sales to be zero emission by 2040, under B.C.’s electrification plan . As electric vehicles (Evs) are already experiencing exponential growth, this regulation will accelerate the EV adoption pace.

Considering all new vehicles are to be electric within two vehicle cycles (20 years), the need for EV charging infrastructure is and will become an immense opportunity. Gas stations will remain as many electric vehicles are plug-in hybrid with limited electric range. However, the majority of EVs are forecasted to be battery electric vehicle (BEV) resulting in an immense decrease in fuel demand while greatly increasing the need for EV charging infrastructure.

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