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Canada Electric Vehicle (EV) Charging Market Report 2030: Key Insights You Need to Know
Canada Electric Vehicle (EV) Charging Market Report 2030: Key Insights You Need to Know
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According to Next Move Strategy Consulting, Canada Electric Vehicle (EV) Charging Market is predicted to reach USD 1438.1 million with a CAGR of 38.9% till 2030.
The Canadian electric vehicle (EV) market is experiencing significant growth due to automakers diversifying their EV offerings. With an expanding range of electric vehicle models now available in Canada, consumers have more choices at various price points. This increased accessibility is making EVs a viable option for a broader segment of the population.
A technology called vehicle-to-grid (V2G) EV charging allows plug-in EVs and the power grid to exchange electrical energy in both directions. Electric vehicles (EVs) can store extra electricity and release it to the grid thanks to V2G technology. This may enhance the functionality of the electrical component and increase value for EV owners.
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