Driving the economy while reducing emissions: Tesla’s impact in Canada
- Dave Sawyer
- Feb 6, 2023
- 1 min read
Tesla asked EnviroEconomics to assess the economic impact of their Canadian operations and spending, as well as the emission reductions and operational fuel savings associated with Tesla vehicles in Canada. We determined that Tesla's economic impact is significant and growing, while owners contribute to emission reductions and gain operational cost savings. Our analysis found that:
Tesla spending growth in Canada was 25% year-over-year between 2018 and 2021 across automotive parts, charging stations, manufacturing, and retail operations, climbing from $424 million in 2018 to $836 million in 2021.
The spending was widely distributed across the Canadian economy, with 51 economic sectors benefiting from Tesla’s spending.
Tesla’s total contribution to Canadian GDP in 2021 was $762 million.
Tesla contributed to 6,645 full-time jobs in Canada, 3,100 of which are a direct result of Tesla’s operations and spending on goods and services in Canada. The total employment impact increased 31% year-over-year, and direct employment is equivalent to 3% of all jobs in the auto parts manufacturing sector.
Between 2018 and 2021, Tesla’s Canadian vehicles helped avoid 583,000 tonnes of CO2e emissions.
Tesla owners in Canada saved an estimated $113M in 2021 alone in transportation fuel, equivalent to $1,259 in savings per vehicle.
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