Canada Electric Motor for Electric Vehicle Market Report and Forecast 2025-2034

According to this report, the Canada electric motor for electric vehicle market size reached around USD 157.50 million in 2024. Aided by the rising demand for high-efficiency, lightweight motors and the growing shift towards EV adoption, the market is projected to grow at a CAGR of 15.3% between 2025 and 2034 to attain nearly USD 584.30 million by 2034.

The Canada electric motor for electric vehicle market growth is being driven by the increasing adoption of electric vehicles (EVs) and government initiatives aimed at reducing carbon emissions. Electric motors are a crucial component of electric vehicles, converting electrical energy into mechanical energy to propel the vehicle. The growing demand for sustainable transportation solutions, advancements in motor technology, and increasing investment in electric vehicle infrastructure are key factors contributing to market expansion.

One of the primary drivers aiding the Canada electric motor for electric vehicle market expansion is the rising adoption of electric vehicles across Canada. With increasing concerns over environmental sustainability and the need to reduce greenhouse gas emissions, the Canadian government has implemented various policies and incentives to encourage the use of EVs. Subsidies for electric vehicle purchases, investments in charging infrastructure, and stricter emission regulations have led to a surge in EV sales, thereby driving demand for electric motors. As automotive manufacturers continue to expand their electric vehicle offerings, the market for electric motors is expected to witness sustained growth.

Technological advancements in electric motor design and performance are further shaping the Canada electric motor for electric vehicle market dynamics. Manufacturers are focusing on improving motor efficiency, power density, and overall performance to enhance the driving range and reliability of electric vehicles. Permanent magnet synchronous motors (PMSMs) are among the most widely used motors in EVs due to their high efficiency and power output. Additionally, developments in induction motors and switched reluctance motors are offering new opportunities for cost-effective and high-performance electric propulsion systems. The integration of advanced materials, improved cooling mechanisms, and enhanced control algorithms is further driving innovation in the electric motor industry.

The increasing focus on local manufacturing and supply chain development is playing a crucial role in boosting the Canada electric motor for electric vehicle market revenue. Canada is witnessing a growing investment in EV manufacturing facilities and motor production plants to reduce dependence on imports and strengthen domestic production capabilities. Automotive manufacturers and component suppliers are collaborating to develop energy-efficient motors that comply with industry standards and sustainability goals. The establishment of research and development centres focused on electric vehicle technology is further fostering innovation in the market.

As per the Canada electric motor for electric vehicle market analysis, the demand for lightweight and compact electric motors is rising as automakers seek to enhance vehicle efficiency and optimise battery performance. Advances in motor miniaturisation and the use of high-performance materials are enabling the development of compact, high-power motors that contribute to overall vehicle weight reduction. The shift towards axial flux motors, which offer higher efficiency and reduced weight compared to traditional radial flux motors, is gaining traction among EV manufacturers. This trend is expected to drive further advancements in motor technology and performance.

The integration of artificial intelligence and digitalisation in electric motor manufacturing and operation is another key Canada electric motor for electric vehicle market trend. Smart motor control systems equipped with predictive maintenance capabilities, real-time performance monitoring, and adaptive power management are improving the efficiency and lifespan of electric motors. These technologies enable automakers to optimise motor performance, reduce energy consumption, and enhance the overall driving experience. Additionally, the development of connected vehicle ecosystems is further driving the demand for intelligent electric motor solutions.

Government policies and regulatory frameworks are playing a significant role in revolutionising the Canada electric motor for electric vehicle market landscape. Canada has committed to achieving net-zero emissions by 2050, with a strong focus on electrifying transportation. Regulations mandating the phase-out of internal combustion engine vehicles and the promotion of zero-emission vehicle adoption are driving the demand for high-efficiency electric motors. Additionally, incentives for research and development in electric mobility and strategic partnerships between the public and private sectors are contributing to market expansion.

Despite the positive Canada electric motor for electric vehicle market growth outlook, challenges such as high manufacturing costs, supply chain disruptions, and raw material shortages pose potential obstacles to market expansion. The dependence on rare earth materials for permanent magnets used in electric motors remains a concern, as fluctuations in raw material prices can impact production costs. However, ongoing research into alternative motor designs, such as rare-earth-free motors and advancements in sustainable material sourcing, is expected to mitigate these challenges over time.

The Canada electric motor for electric vehicle market is poised for continued growth in the coming years, driven by technological innovations, government initiatives, and the increasing transition towards sustainable transportation. As the demand for electric vehicles continues to rise, the need for high-performance electric motors will remain a key focus for automakers and component manufacturers. With continuous advancements in motor efficiency, lightweight materials, and smart technologies, the electric motor market in Canada is expected to evolve significantly, offering new opportunities for industry stakeholders and contributing to the broader goal of decarbonising transportation.

Market Segmentation

The market can be divided based on propulsion type, vehicle type, motor type, and region.

Breakup by Propulsion Type

• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-In Hybrid Vehicle

Breakup by Vehicle Type

• Passenger Cars
• Commercial Vehicles

Breakup by Motor Type

• AC Motor
• DC Motor

Breakup by Region

• British Columbia
• Alberta
• The Prairies
• Central Canada
• Atlantic Canada

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Canada electric motor for electric vehicle market.

Some of the major players explored in the report are as follows:

• Tesla Inc.
• Robert Bosch GmbH
• BorgWarner Inc.
• Denso Corporation
• Jing-Jin Electric Technologies Co. Ltd.
• BAIC Group Co., Ltd.
• Others