In Automotive School? What to Know About the 2023 Used EV Market
The EV market has been expanding in recent years, with many new manufacturers entering the marketplace. EV technology has also seen advancements, with EVs now capable of travelling further than before. This means that there are more and more EVs on the roads. With this increase in new EVs, there has been an increase in used EVs. The 2023 used EV market is likely to see positive developments, with some policies already in place to boost this market. This increase in EV numbers will also benefit you once you complete your training.
If you’re considering automotive school and want to learn more about the 2023 used EV market, continue reading.
EV Trade in Numbers are Likely to See an Increase
2023 expects to see an increase in the number of EVs traded in, as well as early EV adopters looking to trade up. A tax credit is also available from the federal government and certain provinces, which may help incentivize people to trade in their old EVs.
There are also several provinces which offer incentives for purchasing a new EV. However, not all offer incentives. This is expected to positively impact the 2023 used EV market as it will mean that there are more used EV vehicles to purchase once the old EVs have been traded in.
Rebates for Used EVs are Available in Certain Provinces
For some time now, tax credits have been accessible when buying a new EV. However, numerous provinces have also accepted the introduction of tax credits for used EVs. The provinces which offer specific incentives for used electric vehicles are New Brunswick, Nova Scotia, and Prince Edward Island. Quebec also offers rebates which may include a majority of used EVs. In New Brunswick a rebate of $2,500 on used battery electric vehicles may be available to buyers, as well as a $1,000 rebate on plug-in hybrid electric vehicles. Prince Edward Island offers a $5,000 rebate to people that buy a used EV. The rebate offered in Nova Scotia on used vehicles is $2,000.
With these significant rebates on used EVs, the avenue of purchasing one in these provinces increases significantly. Where drivers once had their qualms about EVs, the general opinion of EVs has changed in recent years, with an increase in sales seen in Canada. This increase in used EVs and the rebates offered on them will boost the 2023 used EV market. As a hybrid and electric vehicle mechanic, this increase in EV numbers will positively impact you and your industry.
How This Impacts You as a Hybrid and Electric Vehicle Mechanic
As somebody enrolled in the hybrid and electrical mechanic training, the news of increases in the number of new and used EV vehicles is positive. With this increase in EVs, there will need to be servicing and maintenance done on all of these vehicles. This is where you will benefit from the situation to fill a part of the gap when needing qualified individuals to service EVs. Your training equips you with the knowledge and skills to maintain and service these vehicles. You will study electric motor operations, control systems, charging systems, and battery systems, all of which will help with the maintenance and servicing tasks you’ll be faced with in your career.
Are you interested in attending an automotive school?
Contact ATC Surrey to learn more about our programs.