Geotab’s findings

In order to support companies offering more sustainable alternatives to traditional services, some Canadians are willing to pay a premium for EV deliveries: Twenty percent are willing to pay a small extra delivery fee, 44% are willing to wait an extra day and 44% would accept having their delivery limited to specific days if it meant an EV can deliver their goods.

Geotab's research also reveals that 58% of Canadians support government incentives for small and medium-sized delivery companies to facilitate their transition to EVs.

Another Geotab report on fleet electrification from April 2024 also found that 41% of analyzed gas and diesel light-duty vehicles were considered "EV-suitable," being cost-effective and range capable, and that switching them to electric could potentially save around $16,000 per vehicle over seven years, on average.

The environmental impact of converting all these vehicles could potentially save approximately 19 million metric tons of carbon dioxide emissions.

Empower your investments with Qtrade

Discover Qtrade's award-winning platform and take control of your financial future. With user-friendly tools, expert insights, and low fees, investing has never been easier.

Start Trading Today

Sustainable change in the transport space

Road transport is responsible for more than 75% of global carbon dioxide emissions from the transportation sector, more than shipping and aviation, and road freight can emit more than 100 times as much carbon dioxide as ships hauling the same freight.

In the US, medium- and heavy-duty vehicles make up only 5% of all vehicles and produce almost 25% of the nation's greenhouse gas emissions.

Survey methodology

These findings are from a survey conducted by Geotab between August 16 to August 20, 2024. The 1,503 Canadians respondents were asked to complete an online survey through the Angus Reid Forum. The survey was conducted in English and French. For comparison purposes only, a probability sample of this size would carry a margin of error of +/-2.53 percentage points, 19 times out of 20.

Sources

1. Geotab: Taking Charge: Geotab Report Unveils Significant Potential for Fleet Electrification with Insights from Over 1.3 Million Vehicles​ (Apr 17, 2024)

Sponsored

Trade Smarter, Today

Build your own investment portfolio with the CIBC Investor's Edge online and mobile trading platform and enjoy low commissions. Get 100 free trades and $200 or more cash back until March 31, 2025.

David Saric Associate Editor, Money.ca

A Toronto-based writer and editor with both in-house and freelance experience on a variety of topics, including art, fashion, pop culture, film, television, music, current affairs, breaking news, and managing and money and P&C insurance.

Explore the latest articles

The brand names behind Costco's Kirkland brand

Costco Kirkland products range from food products — like maple syrup, lasagne and coffee — to consumer goods, with many manufactured by well-known brand-name companies

David Saric Associate Editor, Money.ca

Disclaimer

The content provided on Money.ca is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.