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Electric vehicles

Global Automakers of Canada Contribute Significantly to Country's Economy

Strategic Insights

— 1 min read

Canada's automotive landscape is undergoing significant changes as the country transitions to electric vehicles and adapts to shifting global trade dynamics. A report by the Global Automakers of Canada (GAC) reveals that its member companies contributed significantly to the country's GDP and government revenues in 2024. The 2025 Economic Contributions Report, commissioned by the GAC and produced by the Trillium Network for Advanced Manufacturing, provides a comprehensive look at the economic impact of GAC member companies across Canada.

Key Takeaways:

  • GAC members supported a total of 220,000 jobs directly and indirectly across Canada, demonstrating the significant contribution of the automotive industry to the country's employment landscape.
  • 60% of all vehicles sold in Canada are from GAC member companies, underscoring the popularity of these brands among Canadian consumers.
  • GAC members Honda and Toyota alone account for 70% of Canada's total vehicle production and exports, highlighting their dominant position in the Canadian market.
  • GAC members are at the forefront of investment in Canada's electric vehicle (EV) and advanced manufacturing future, driving innovation and growth in the sector.
  • The GAC members' contribution to Canada's GDP in 2024 was a substantial $24.9 billion, while their annual government revenues totalled over $10.6 billion.
  • The report highlights a shift in consumer behavior, with Canadians increasingly opting for vehicles made by GAC member companies, reflecting the growing trust and loyalty in these brands.

Statistics:

  • 220,000 jobs supported directly and indirectly by GAC members across Canada.
  • 60% of all vehicles sold in Canada are from GAC member companies.
  • 70% of Canada's total vehicle production and exports come from GAC members Honda and Toyota.
  • GAC members' contribution to Canada's GDP in 2024 was $24.9 billion.
  • Annual government revenues generated by GAC members totaled over $10.6 billion.

Sources:

  • Global Automakers of Canada
  • Trillium Network for Advanced Manufacturing
  • 2025 Economic Contributions Report
  • Press Release from Global Automakers of Canada (July 10)
  • Global Automakers of Canada [Category: Automobiles, Four Wheelers, ESG]

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