Canada Luxury EV Market Size & Outlook, 2025-2033

Canada Luxury EV Market Insights

As highlighted in Deep Market Insights analysis, the Canada Luxury EV Market, worth USD 23.31 Billion in 2024, is forecasted to achieve USD 93.41 Billion by 2033.
The Canada market is anticipated to grow at a CAGR of 16.63% during the period 2025–2033.
By 2024, Luxury Sedan represented the largest share of the Vehicle Class market size.
Luxury Sedan is expected to remain the key growth driver within Vehicle Class, registering the fastest CAGR during the forecast period.

In 2024, Canada represented 9.2% of the overall global Luxury EV Market size.
United States is projected to lead the global Luxury EV Market size by 2033.
Across North America, United States is anticipated to hold the dominant position in market size by 2033.
United States is forecasted to expand at the fastest pace in North America, attaining USD 259.1 Billion by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 23.31 Billion
Market Size In 2033	USD 93.41 Billion
Largest segment	Luxury Sedan
Units	Revenue in USD Billion
CAGR	16.63% (2025-2033)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends