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Canada Electric Motor for Electric Vehicle Market Report Overview
The Canada electric motor for electric vehicle market size reached approximately USD 181.60 Million in 2025. The market is projected to grow at a CAGR of 15.30% between 2026 and 2035, reaching a value of around USD 754.07 Million by 2035.
Key Market Trends and Insights
- In 2025, zero-emission vehicles accounted for 9.5% of new vehicle registrations in Canada. Battery-electric registrations declined by 43.1%, but hybrid-electric registrations increased by 36.1%, supporting demand for electric motors across a broader mix of electrified powertrains.
- In February 2026, Canada introduced a five-year Electric Vehicle Affordability Program with CAD 2.275 billion in funding. The programme offers incentives of up to CAD 5,000 for battery-electric vehicles and CAD 2,500 for plug-in hybrids.
- Canada’s 2026 automotive strategy targets a 75% electric vehicle adoption rate by 2035 and an aspirational 90% rate by 2040, creating long-term opportunities for traction motors, e-axles and integrated electric drive systems.
- In January 2025, Linamar announced an approximately CAD 1.1 billion investment programme covering hybrid propulsion systems.
- Canada’s National Research Council is prioritising electric motors with reduced or zero rare-earth content, along with wide band gap power electronics and cold weather optimised EV systems.
Market Size and Forecast
- Market Size (2025): USD 181.60 Million
- Projected Market Size (2035): USD 754.07 Million
- CAGR (2026-2035): 15.30%
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What is an Electric Motor?
Electric motors convert electrical energy into mechanical motion and are classified into two categories, DC (Direct Current) and AC (Alternating Current). Each category has several types that offer unique abilities suited for specific applications.
Most electric motors work by using the interaction of the motor magnetic field and electrical current in a wound wire to produce force or torque supplied on the motor shaft. An electrical generator is mechanically identical to an electrical motor but functions with a reversed flow of energy, converting mechanical power to electrical power. Electric motors are better in terms of energy efficiency as their energy conversion rate is up to 98%. This means they can convert almost all the energy they consume into mechanical work.
Key Trends and Developments
The rising demand for energy-efficient motors; increasing preference for EVs; advancements in motor technologies; and the rising use of 3D printing for electric motors are positively impacting the Canada electric motor for electric vehicle market growth.
On May 6, 2026, multiple reports indicated Honda Motor plans to more definitively halt development of its CAD 15 billion electric vehicle complex in Alliston, Ontario. The company had initially paused the project in May 2025 pending a two-year review of EV market conditions.
In January 2026, the C.D. Howe Institute projected that around 270,000 zero-emission vehicles would be sold in Canada in 2026, below the 380,000, or 20% of new light-vehicle sales, targeted under the Electric Vehicle Availability Standard.
On September 5, 2025, Prime Minister Mark Carney paused Canada's Electric Vehicle Availability Standard, waiving 2026 model-year vehicles from the mandate and launching a 60-day review, citing pressure on the auto sector from United States tariffs.
In December 2025, Canada's Industry Ministry served Stellantis a notice of default on funding contracts, alleging the automaker had breached job protection provisions after reducing production at Ontario facilities.
Energy efficiency offered by electric motors
Electric motors used in electric vehicles are economical and energy-efficient as these motors have higher efficiency than conventional motors.
Growing demand for environmentally friendly mobility solutions
With the growing awareness regarding the benefits of EVs and the introduction of government regulations aimed at promoting EV adoption, the demand for electric motors is rising.
Innovations and advancements in motor technologies
Innovations in electric motors aimed at improving their power density, increasing controllability, and optimising cooling concepts, coupled with advancements in technologies like thermal management, are positively influencing the market.
Rising use of 3D printing in electric motor manufacturing
Key players are attempting to adopt technologies like 3D printing to develop electric motors that feature intricate designs, reduce energy loss, and enhance overall efficiency.
Canada Electric Motor for Electric Vehicle Market Trends
The demand for electric motors is expected to increase in Canada in the forecast period due to the growing adoption of electric vehicles. Electric vehicles are more cost-effective and environmentally friendly than conventional vehicles. They do not emit carbon dioxide, making them safer for public health and the environment, further boosting their preference.
Moreover, the Canadian government's various policies and initiatives have also stimulated the Canada electric motor for electric vehicle market growth. For instance, in December 2023, the government mandated that all passenger cars, SUVs, light trucks, and crossovers sold by 2035 must be zero-emission vehicles (ZEVs). This is part of the government's broader strategy to combat climate change. Additionally, ZEVs must account for at least 20% of all cars sold by 2026 and at least 60% by 2030.
Market Segmentation
“Canada Electric Motor for Electric Vehicle Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Propulsion Type
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Vehicle
Key Insight: Battery electric vehicles account for a significant and growing share of the Canada EV electric motor market, as pure electric drivetrains rely entirely on traction motors, while plug-in hybrid electric vehicles combine electric motors with combustion engines and support demand during the transition, and hybrid electric vehicles sustain steady motor demand across models that pair electric assist with conventional powertrains.
Market Breakup by Vehicle Type
- Passenger Cars
- Commercial Vehicles
Key Insight: Passenger cars represent the leading vehicle type, driven by consumer EV adoption and the range of battery electric and hybrid models available in Canada, while commercial vehicles, including light and heavy-duty trucks and buses, form a fast-growing segment as fleet electrification advances, supporting demand for higher-power traction motors suited to larger, heavier applications.
Market Breakup by Motor Type
- AC Motor
- DC Motor
Key Insight: Permanent magnet synchronous motors hold the largest share, valued for their high efficiency and power density in most battery electric vehicles, while induction motors offer a rare-earth-free alternative used in some platforms and dual-motor configurations, and externally excited synchronous motors are a growing option that eliminates permanent magnets to reduce dependence on rare earth supply.
Market Breakup by Region
- British Columbia
- Alberta
- The Prairies
- Central Canada
- Atlantic Canada
Key Insight: Ontario and Quebec lead the market, reflecting their concentration of automotive manufacturing, EV and battery investment, and domestic e-drive makers such as Magna and Dana TM4, while British Columbia contributes strong demand supported by its zero-emission vehicle mandate and high EV adoption, and other provinces grow more gradually in line with charging infrastructure and vehicle availability.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
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Canada Electric Motor for Electric Vehicle Market Share
Plug-in-hybrid vehicles are expected to dominate the Canada electric motor for electric vehicle market share due to their ability to function at low cost and tax efficiency
Battery electric vehicles are also referred to as all-electric vehicles (AEVs). These vehicles use BEV technology and are powered entirely by a battery-powered electric drivetrain. They are more efficient compared to hybrid and plug-in hybrids.
Hybrid electric vehicles, on the other hand, use both an internal combustion engine (usually petrol) and a battery-powered motor powertrain. The petrol engine is used both to drive and charge the battery. These types of vehicles are not generally as efficient as plug-in hybrid vehicles or fully electric.
Plug-in hybrid electric vehicles, often abbreviated as PHEVs, use batteries to charge an electric motor and another fuel, such as gasoline, to power an internal combustion engine (ICE). The vehicle initially runs on electric power, and when the battery gets depleted, it automatically switches to the internal combustion engine.
The key components of plug-in hybrid electric vehicles are batteries, charge ports, electric traction motors, and fuel tanks, among others. The volume of plug-in hybrid electric car sales in Canada grew to around 29,000 units in 2022, the highest recorded annual PHEV sales in the country.
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Competitive Landscape
Major players in the Canada electric motor for electric vehicle market are expanding their production capabilities amid the rising demand for electric vehicles.
In January 2024, Honda Motor Co., a multinational conglomerate based in Japan, announced its plans of constructing an electric vehicle plant in Canada. This project is estimated to cost nearly 2 trillion yen ($13.83 billion). The new plant is likely to include the in-house production of batteries for electric cars. The automaker is currently reviewing several potential sites for the plant, including one located next to an existing automobile factory in Ontario. According to Nikkei, the company aims to begin operating the new plant by the year 2028.
Tesla Inc.
Tesla Inc. is a multinational automotive and clean energy company, founded in 2003, with its headquarters in the United States, and has revolutionised the electric vehicle market.
Robert Bosch GmbH
Robert Bosch GmbH is a technology and engineering company, founded in 1886, with its headquarters in Gerlingen, Germany, and has developed highly integrated and cost-efficient electric drive solutions.
BorgWarner Inc.
BorgWarner Inc. is an American automotive and e-mobility supplier company, founded in 1880, with its headquarters in Michigan, United States.
Denso Corporation
Denso Corporation is an international automotive component manufacturer, founded in 1949, with its headquarters in Aichi, Japan, and operates in multiple regions, including South America and Asia.
Other players in the Canada electric motor for electric vehicle market are Jing-Jin Electric Technologies Co. Ltd. and BAIC Group Co., Ltd., among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Key Questions Answered in the Report
In 2025, the market reached an approximate value of USD 181.60 Million.
The market is estimated to grow at a CAGR of 15.30% between 2026 and 2035.
The market is estimated to witness a healthy growth during 2026-2035 to reach around USD 754.07 Million by 2035.
The major market drivers are the growing demand for electric vehicles and the introduction of favourable government initiatives aimed at promoting EV adoption.
The key trends aiding the market expansion include advancements in battery technology and increasing deployment of technologies like 3D printing by key players.
The major regional markets are British Columbia, Alberta, the Prairies, Central Canada, and Atlantic Canada.
Passenger cars and commercial vehicles the different vehicle types considered in the market report.
The major players in the market are Tesla Inc., Robert Bosch GmbH, BorgWarner Inc., Denso Corporation, Jing-Jin Electric Technologies Co. Ltd., and BAIC Group Co., Ltd., and others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Propulsion Type |
|
| Breakup by Vehicle Type |
|
| Breakup by Motor Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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