Business
Two Years on Canadian Roads Show VinFast’s Commitment to EV Market
MARKHAM, Ontario--(BUSINESS WIRE)-- As Canada’s electric vehicle market matures, one global brand has spent the past two years quietly shaping expectations
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[{"type":"text","content":"\n \n\n\n MARKHAM, Ontario--(BUSINESS WIRE)--\nAs Canada’s electric vehicle market matures, one global brand has spent the past two years quietly shaping expectations with affordable models, long-range options, and one of the industry’s most generous warranties.\n\n\nCanadians are buying more zero-emission vehicles every year. In 2024, electric vehicles made up 15.4 percent of new registrations1. That’s up from 10.7 percent the year before. Growth like this comes as drivers weigh incentives, new charging stations, and the routines of daily life.\n\n\nBy early 2025, just under 10 percent of new vehicles sold in the first quarter were electric2. For some, the slower pace might look like a stall, but it points to a market that is starting to settle in. Drivers now look for options that fit their routines, not just the newest technology. Charging stations keep appearing in more cities and towns. Federal policy still aims for one in five new cars sold by 2026 to run on batteries or plug-in systems. The bar climbs higher every five years until it reaches every car in 2035.\n\n\nAll this means the EV market in Canada is settling into a new phase. Instead of a race, it feels more like steady progress. The brands that stick around for the long term now have a chance to show what they can offer.\n\n\nTwo Years on Canadian Roads\n\n\nFrom its home country of Vietnam, VinFast entered Canada in mid-2023, rolling out its first VF 8 deliveries soon after. Rather than a one-off experiment, the company chose a patient approach—showing up at major auto shows, inviting consumers for test drives, and learning how Canadians drive, charge, and live with their cars.\n\n\nIn owners’ groups on social media, word travels quickly. People share real accounts about what it’s like to drive a VinFast on Canadian roads. “Our VF 8 Plus has exceeded expectations,” one owner wrote after a cross-border round trip. Word-of-mouth like this helps more people picture themselves making the switch to electric.\n\n\nFor much of the past two years in Canada, VinFast’s pricing has opened the EV market to drivers who once felt priced out. For example, the mid-sized VF 8 is priced between C$53,600 and $59,200, noticeably below the national average for an EV. For context, the average electric vehicle in Canada costs around $73,0003, a figure that has likely kept many buyers o...