As we enter the initial days of 2023, our sector continues to face challenges because of the ongoing semiconductor shortage, which has in turn impacted the supply chain and new vehicle inventory on many new car dealers’ lots.
Despite these challenges, we are buoyed with a sense of optimism about the year ahead.
Zero-emission vehicle (ZEV) adoption continued to gain a stronger share of the light vehicle market last year. Despite the noted supply chain issues, in the first eight months of 2022, more than 10,000 rebate applications were submitted by consumers in this province and the ZEV share of the light vehicle market reached 14.6 per cent.
