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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How Can Your Organization Benefit From The Rise of Electric Cars

How Can Your Organization Benefit From The Rise of Electric Cars

The Electric Vehicle (EV) market has grown over the past few years, continues to boom, and is expected to keep doing so in the coming years. Unfortunately, EV sales have never been significant enough to turn heads. So when it's time for buyers to purchase a new vehicle, have been reluctant to jump at buying an EV when it was time to purchase a new vehicle; not anymore. 

As of March 2017, EV sales across Canada have been growing year-over-year with a 68% increase in vehicles sold from the same period in 2016. British Columbia is leading the way with 4% of total sales being EVs. If the 2017 trends keep course, the market across Canada will see similar growth; EVs sales in Quebec and British Columbia to account for 5% of the total market in 2017. That is a marked increase from 0.4% a couple years ago. 

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