MONTREAL – Today, Electric Mobility Canada (EMC) published their most recent report Electrifying progress: A complete economic outlook of the Canadian EV industry. The study, conducted by Ernst & Young LLP (EY), quantifies the current impact of electric mobility on key economic outcomes, including jobs and gross domestic product (GDP). The study also assesses how these indicators change under future scenarios associated with the transition to electrification.

“The Electrifying progress report highlights the importance of transportation electrification as a growth sector in the Canadian economy”, says Daniel Breton, EMC President and CEO. “Electric mobility is positioned to be a leading industry in terms of new jobs and economic growth in all regions of Canada”.

The EMC report emphasizes the leadership Canada is showing and its positioning as a world leader demonstrated in the following findings:

• The share of e-mobility in the transportation sector’s GDP is projected to nearly triple, from 17% to 47% between 2026 and 2035.
• E-mobility employment is set to nearly triple, growing from 16% to 45% of the transportation sector between 2026 and 2035.
• By 2035, nearly half of the transportation sector’s GDP and employment will come from electric mobility.

“EMC is optimistic about the economic potential of the electric mobility sector in Canada” concludes Breton. “In these uncertain times, Canada has the potential to create hundreds of thousands of well-paid sustainable jobs, many of which cannot be relocated, and EMC members are leading the way with their commitment to a low carbon future.”