According to the study, Canada has currently sold just under 30,000 EVs. China is the new leader with nearly 650,000 sold in total.

There's a good news/bad news situation when it comes to worldwide electric vehicle sales. The good news is that global sales of EVs passed the two million mark in 2016, and it was only a year earlier in 2015 that that number reached one million sales. The bad news? Only 0.2 percent of current passenger light-duty vehicles on the road are actually EVs.

These numbers come courtesy of the Global EV Outlook 2017 study, which was released on June 7 by the International Energy Agency (IEA) . The same good news/bad news scenario can be applied specifically to Canada as well, which is one of the IEA's 29 member countries.

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For instance, 95 percent of all global EV sales occur in just 10 countries, including Canada. That said, Canada is 10th on that list, finishing just behind Sweden in combined battery electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs). It's worth noting, though, that from 2015 to 2016, Canada had the second-highest increase in PHEV sales (147 percent), finishing just behind Norway (164 percent).

Canada's fast charging stations, meanwhile, doubled in number from 2015 to 2016. There were a total of 147 throughout the country in 2015, and that number rose to 315 last year. Those numbers are tiny compared to China, which currently has nearly 90,000 fast chargers. That's a massive increase from the year before, when it had just over 12,000.

According to the study, Canada has currently sold just under 30,000 EVs. China is the new leader with nearly 650,000 sold in total, taking over from the U.S., which has a little over 560,000 EVs on its roads.

The IEA notes that the Paris Agreement has set an objective to limit global temperature increases to below two degrees Celsius. In order for that to happen, 600 million EVs would have to be on the road by 2040.

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In terms of EV market share in individual countries, Norway is the worldwide leader by a massive margin over any other country, with 29 percent of its vehicles being EVs. Canada, by comparison has a 0.59 percent EV market share.

There's one more takeaway that can be filed under "good news" - the IEA says the cost of batteries are declining and energy densities are increasing, thanks to "research, development, and deployment and mass production prospects." What that means is that the competitiveness gap between EVs and internal combustion engine vehicles is narrowing. Simply put, it's becoming easier for automakers to produce and sell EVs, and the EVs that are being produced are able to go longer before requiring a charge.

It will be very interesting to see what the numbers are - for Canada and the world - a year from now in the Global EV Outlook 2018 study.

Source: International Energy Agency

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