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Cheapest Electric Cars in Canada

Cheapest Electric Cars in Canada

Electric vehicles (EVs) are rapidly gaining popularity among Canadian car buyers thanks to their lower operating costs and environmental benefits. EV sales in Canada more than doubled from 2020 to 2021 as major automakers expanded their electric offerings. However, the main barrier keeping many prospective buyers from going electric is the purchase price. EVs typically cost thousands more than comparable gas-powered models due to the high price of batteries.


This article explores the most affordable EVs available in Canada for 2024 based on manufacturer’s suggested retail price (MSRP). With options starting around $33,000 and available rebates, buying an electric vehicle can cost about the same as a gas car. We’ll outline the cheapest EVs by vehicle type so you can find the best electric option to fit your budget.



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Chevrolet Bolt EV

The Chevrolet Bolt EV starts at just $38,198 MSRP, making it one of the most affordable electric vehicles in Canada. It comes equipped with a 65 kWh battery pack and a single electric motor producing 200 horsepower and 266 lb-ft of torque. This allows the Bolt EV to travel up to 417 km on a single charge based on Natural Resources Canada estimates.

Some key specs and features of the Chevy Bolt EV include:

 

  • 200 hp electric motor
  • 65 kWh battery capacity
  • 417 km estimated range
  • DC fast charging capability
  • 10.2-inch touchscreen display
  • Regenerative braking
  • 5-year/100,000 km battery warranty

 

For the price, the Bolt EV offers excellent range and performance. The hatchback body style provides good cargo space, and the interior is modern and comfortable. On the downside, rear seat legroom is a bit tight for taller passengers. Ride quality leans towards the firmer side as well. But overall, the Bolt EV is one of the top picks when looking for an affordable, long-range electric vehicle.

 

Nissan Leaf

The Nissan Leaf is one of the most affordable and popular electric vehicles in Canada with a starting MSRP of just $39,798. Now in its second generation, the Leaf offers a balanced blend of range, performance, and value.

The 2024 Leaf comes with a 40 kWh battery pack powering a 110 kW electric motor. This provides up to 243 km of range on a single charge based on Natural Resources Canada estimates. While not best-in-class, the range is sufficient for most daily commuting needs. DC fast charging capability allows the battery to charge up to 80% in 60 minutes.

On the plus side, the Leaf has a roomy interior packed with standard features like a 7-inch touchscreen, Android Auto/Apple CarPlay, and Nissan’s ProPilot driver assist system. Being able to buy a well-equipped EV at such an affordable price point is a major advantage. Performance is also peppy, with 147 horsepower delivered instantly. Minimal maintenance requirements are another perk of electric vehicle ownership.

Downsides to consider include limited cargo space due to the small hatchback body style. The Leaf lacks more advanced tech features offered on pricier rivals. The range, while adequate for many buyers, falls short of longer-range competitors. There’s no AWD option for Canadian winters. Finally, DC fast charging speed could be quicker to minimize charging stops on road trips.

Overall, the Nissan Leaf presents an appealing balance of value and everyday electric driving functionality. For budget-minded buyers, it’s one of the most affordable ways to go electric without sacrificing too much comfort, convenience and driving enjoyment.

 

Hyundai Kona Electric

The Hyundai Kona Electric starts at $44,999 MSRP in Canada for the Preferred trim. It comes equipped with a high-capacity 64 kWh battery pack and a 150 kW electric motor producing 201 horsepower. This allows the Kona Electric to travel up to 415 km on a single charge based on Natural Resources Canada estimates.

Some of the key features and specs of the Kona Electric include:

 

  • 64 kWh battery capacity
  • 150 kW electric motor
  • 201 horsepower
  • 415 km estimated range
  • 100 kW DC fast charging capability
  • Regenerative braking system
  • 8-inch touchscreen display
  • Apple CarPlay/Android Auto

 

For many buyers, the Kona Electric hits a sweet spot between price, range, and features. The 415 km range alleviates range anxiety, and the fast charging capability allows the battery to charge to 80% in under an hour. The Kona Electric also comes well-equipped with tech and safety features that rival gas-powered counterparts.

Some downsides to consider include less cargo room than gas Kona models and availability constraints that can lead to long waitlists at dealerships. Overall though, the Kona Electric sets itself apart as one of the most affordable long-range EVs in Canada without compromising on quality or features.

 

Kia Niro EV

The Kia Niro EV starts at $44,995 MSRP in Canada for the 2024 model year. This small electric crossover SUV comes equipped with a 64 kWh battery pack and a 201 horsepower electric motor. On a full charge, the Niro EV has an estimated range of 385 km.

Some of the key specs and features of the Niro EV include:

 

  • 201 horsepower electric motor
  • 64 kWh lithium-ion battery pack
  • 385 km estimated range
  • DC fast charging capability
  • Regenerative braking system
  • 10.25″ touchscreen display
  • Apple CarPlay and Android Auto

 

Some pros of the Kia Niro EV are its long driving range, spacious interior, and high-tech features. The regenerative braking helps recapture energy and contribute to the efficiency. The Niro EV also qualifies for federal and provincial EV incentives and rebates.

A few downsides are that rear cargo space is compromised slightly due to the battery placement, and the EV model costs considerably more than the gas-powered Niro. Fast charging capability is limited to 100 kW, which is lower than some competitors.

 

Volkswagen ID.4

The Volkswagen ID.4 is another affordable electric SUV option with a starting MSRP of $44,995 in Canada. It features a 82kWh battery pack and a rear-mounted electric motor producing 201 horsepower. The ID.4 has an estimated range of up to 400km on a single charge.

Some of the key features of the ID.4 include:

 

  • 201 hp rear-mounted electric motor
  • 82 kWh lithium-ion battery pack
  • Up to 400 km range (WLTP est.)
  • 125 kW DC fast charging capability
  • Spacious interior and cargo capacity

 

When it comes to pros, the ID.4 offers excellent range for an affordable price point. It has a tech-focused interior with standard features like a 10″ touchscreen, wireless charging and more. The ride quality is smooth and it handles well for an SUV. As far as cons, rear seat comfort could be improved and the controls have a bit of a learning curve. However, the ID.4 remains one of the most competitively priced electric SUVs in Canada.

 

Chevrolet Bolt EUV

The Chevrolet Bolt EUV starts at an MSRP of $38,198 making it one of the most affordable EVs available in Canada for 2024. This compact crossover SUV comes equipped with a 65 kWh battery pack providing a maximum estimated range of 417 km on a single charge. Powering the Bolt EUV is a single electric motor producing 200 horsepower and 266 lb-ft of torque. Some key specs of the Bolt EUV include:

 

  • 65 kWh battery
  • 417 km range
  • 200 hp electric motor
  • Front-wheel drive
  • DC fast charging capability
  • 10.2-inch touchscreen display
  • Advanced safety features like automatic emergency braking and lane keep assist

 

Some pros of going with the Bolt EUV include its affordable price tag, ample range for a compact EV, and relatively quick charging capabilities. The Bolt EUV also provides a surprisingly spacious interior for its size. Some downsides are that fit and finish is not on par with premium brands, rear seat legroom is limited, and the exterior styling is a bit polarizing.

 

Toyota bZ4X

The Toyota bZ4X is one of the most affordable electric SUVs coming to the Canadian market in 2024 with a starting MSRP of $44,990. This stylish crossover is Toyota’s first entrant into the dedicated battery electric vehicle (BEV) segment.

The bZ4X is equipped with a 71.4 kWh lithium-ion battery pack and a front-mounted 150 kW electric motor producing 201 horsepower. Toyota estimates the driving range at around 400 km on a full charge based on WLTP testing methodology.

Some pros of the bZ4X:

 

  • Attractive starting price under $45,000
  • Spacious interior with lots of cargo room
  • Latest driver assistance and infotainment technology
  • Smoothing riding thanks to multi-link rear suspension

 

Some cons to consider:

 

  • Mediocre estimated range compared to rivals
  • No all-wheel drive option yet for Canada
  • Limited DC fast charging rate of 80kW
  • Toyota’s first dedicated EV so long-term reliability is unproven

 

For budget-minded buyers looking to get into an electric SUV, the bZ4X presents an attractive option that undercuts the prices of competitors while still providing decent range and the latest tech features.

 

Most Affordable Electric Hatchbacks and Sedans

One of the most affordable electric hatchbacks available in Canada for 2024 is the Mini Cooper SE. This fun-to-drive EV starts at an MSRP of $41,245 making it one of the cheapest ways to go electric.

The Mini Cooper SE is powered by a 32.6 kWh battery which provides an estimated range of 177 km. The electric motor outputs 181 hp and 199 lb-ft of torque delivering brisk acceleration. Inside, the SE has a premium interior with digital displays and available heated seats.

On the positive side, the Mini Cooper SE is praised for its nimble handling and retro-modern style. The instant torque provides a thrill behind the wheel. Owners also appreciate the high quality interior. Downsides include the limited range and small cargo area. However, if you’re seeking an affordable electric commuter with personality, the Mini Cooper SE is worth considering.

 

Hyundai Ioniq Electric

The Hyundai Ioniq Electric starts at an MSRP of $36,599, making it one of the most affordable EVs in Canada for 2024. It comes equipped with a 38.3 kWh battery pack and a 134 horsepower electric motor. This provides the Ioniq Electric with an estimated range of 274 km on a single charge based on Natural Resources Canada testing.

Some key specs and features of the Hyundai Ioniq Electric include:

 

  • 38.3 kWh battery
  • 134 hp electric motor
  • 274 km estimated range
  • 100 kW DC fast charging capability
  • 5.3 seconds 0-60 mph time
  • Regenerative braking system
  • 8-inch touchscreen display
  • Apple CarPlay/Android Auto

 

For its low starting price, the Ioniq Electric provides an impressive set of standard features and modern tech. The interior offers decent passenger and cargo space for a compact EV hatchback. On the downside, the range is lower than some competitors and the availability of DC fast charging is limited.

Overall, the Hyundai Ioniq Electric presents an affordable option for Canadians looking to go electric on a budget. The combination of a reasonable driving range, lively performance and high-tech features make it a strong value in the EV marketplace.

 

Fiat 500e – Starts at $32,995

The Fiat 500e is the most affordable new electric vehicle available in Canada for 2024 with a starting MSRP of just $32,995. This stylish electric hatchback was redesigned for the 2024 model year and comes well-equipped even in its base trim.

The 500e is powered by a 117 horsepower electric motor powered by a 42kWh battery pack. This allows for a maximum estimated range of 320km on a single charge based on Natural Resources Canada testing. While not best in class, the range is sufficient for most daily driving needs.

Some key specs and features of the 500e include:

 

  • 117 horsepower electric motor
  • 42 kWh battery pack
  • Up to 320km estimated range
  • DC fast charging capability
  • Regenerative braking
  • 5-inch touchscreen display
  • Apple CarPlay/Android Auto

 

For such an affordable EV, the 500e is surprisingly well equipped. The interior features unique sustainable materials and the tech is on par with pricier competitors. Fiat has also inject more personality into the 500e with fun color options and retro-inspired styling cues.

On the downside, the rear seat and cargo space are quite small, putting this EV at a disadvantage for growing families. The range, while adequate for commuting, also falls short of some competitors. However, these compromises help keep the 500e so affordable, making it an intriguing option for EV shoppers on a budget.

 

Used Electric Vehicles – Great Budget Options

With new electric vehicles often carrying higher price tags, looking to the used EV market can be a great way to find an affordable, eco-friendly ride. Here are some of the most budget-friendly used electric models to consider:

 

Used Nissan Leaf

The Nissan Leaf is one of the most widely available used EVs. First launched in 2010, there are now many older Leaf models on the market often priced between $10,000-$20,000. While the range is limited on earlier model years, a used Leaf still provides a very low cost way to go electric.

 

Used BMW i3

The BMW i3 is an EV hatchback that stands out for its unique styling inside and out. Used i3 models from 2015+ can be found for $15,000-$25,000, making this premium EV attainable for buyers on a budget.

 

Used Tesla Model S

While still expensive compared to other used EVs, you can sometimes find higher mileage Tesla Model S sedans in the $30,000-$50,000 range. This provides a relatively affordable way to get into a Tesla.

 

Used Chevrolet Bolt

With the Bolt entering its second generation, used first generation models are hitting the market. These can often be found for under $20,000, providing a lot of EV for the money.

 

Used Kia Soul EV

The electric Kia Soul provides practical hatchback space in an affordable package. Used 2015-2019 models can easily be found for under $15,000.

 

Where to Find Deals on Used EVs

Some of the best places to find affordable used electric vehicles include Craigslist, Facebook Marketplace, Kijiji, and used car dealerships. Shopping locally can reveal hidden deals, and having a mechanic inspect a used EV before buying is highly recommended.

 

Federal and Provincial EV Incentives and Rebates

One of the best ways to lower the effective purchase price of an electric vehicle in Canada is through government incentives and rebates at both the federal and provincial level. Here are some of the key EV rebates currently available in Canada:

 

Federal EV Incentive – Up to $5,000

The federal government offers up to a $5,000 rebate on new electric vehicle purchases through its iZEV program. The amount of the rebate depends on the EV’s battery capacity and base manufacturer’s suggested retail price (MSRP). EVs with a higher battery capacity and MSRP qualify for the full $5,000 rebate.

 

Provincial EV Rebates – Up to $8,000 in Quebec

In addition to the federal rebate, some provinces offer their own incentives off the purchase or lease of an electric vehicle. Quebec currently offers the most generous rebate at up to $8,000 for new EVs below $60,000 MSRP. British Columbia provides rebates of up to $1,500.

When combined, these federal and provincial incentives can reduce the upfront cost of an electric vehicle purchase by thousands of dollars, making many compact EVs much more affordable for Canadian car buyers.

The incentives play an important role in lowering the effective vehicle price and can be the deciding factor for buyers when weighing EV options versus gas-powered vehicles. Be sure to factor available rebates into the overall cost when shopping for an electric vehicle.

 

Other Ways to Save on an Electric Vehicle Purchase

In addition to choosing one of the most affordable electric vehicles available in Canada, there are other ways you can save money when purchasing an EV.

 

Shop End of Model Year Sales

Look for end of model year clearance sales and other incentives from dealerships. Much like gas-powered vehicles, EVs will be discounted at certain times of year when new model year vehicles are coming out. This is a great way to score a deal on the current model year EV you have your eye on.

 

Consider Lightly Used EVs

Gently used electric vehicles with low mileage can offer huge savings over brand new models. A 1 or 2 year old used EV with under 20,000 km could potentially save you thousands compared to buying new. Be sure to have a trusted mechanic inspect any used EV purchase.

 

Negotiate with Dealerships

Don’t be afraid to negotiate pricing with dealers to get the best possible deal. Especially on last year’s models, there is usually room for dealers to come down in price if you ask. Knowing what rebates and incentives you qualify for will help strengthen your negotiating position.

 

Explore Leasing Options

Leasing an electric vehicle often allows for lower monthly payments compared to financing a purchase. While you won’t own the vehicle at the end of the lease, it can be a more affordable way to drive an EV especially if you only plan to keep it for 2-3 years. Compare lease terms and shop around for the best offers.

 

Conclusion

Purchasing an electric vehicle in Canada is more affordable than ever with compact EVs starting around $33,000. The Chevrolet Bolt EV, Nissan Leaf, Hyundai Kona Electric and Kia Niro EV provide the most budget-friendly options for new full electric vehicles. For electric SUVs and crossovers, the Chevrolet Bolt EUV, Hyundai Kona Electric, Kia Niro EV and Toyota bZ4X have the lowest starting prices.

Factor in available rebates of up to $13,000 and lightly used EVs, and going electric could cost you less than a comparable gas car. Used electric vehicles like the Nissan Leaf, BMW i3, Tesla Model S and Chevrolet Bolt can provide great value if you’re willing to purchase a pre-owned model.

Compare all the budget-friendly electric vehicle options to find the best fit for your needs and budget. Prioritize must-have features and driving range to select the most affordable EV that will suit your lifestyle. With more choices arriving and incentives bringing prices down, finding an electric vehicle that matches your budget in Canada is getting easier every year.

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Questions About Cheap Electric Cars in Canada

The cheapest electric car in Canada for 2023 is the Chevrolet Bolt EV, starting at $38,198 CAD. Other cheap electric vehicles in Canada include the Nissan LEAF ($39,798), Kia Soul EV ($43,895), Hyundai Kona Electric ($44,999), and Volkswagen ID.4 ($44,995).

The cheapest electric SUV in Canada is the Chevrolet Bolt EUV. It starts at $43,147 CAD for the 2023 LT trim. The Bolt EUV offers up to 417 km of range on a full charge. Other affordable electric SUV options include the Hyundai Kona Electric (from $44,999) and Volkswagen ID.4 (from $44,995).

Electric cars in Canada are becoming more affordable. Many now start under $45,000 CAD, whereas just a few years ago there were almost no electric vehicle options under $50,000. Government rebates of up to $5,000 off further reduce prices. Used electric cars can also be a cheaper option.

The monthly cost to own an electric vehicle in Canada depends on factors like purchase price, financing terms, government rebates, electricity costs, and insurance rates. Overall though, electric cars have lower monthly ownership costs than gas cars due to savings on fuel and maintenance. Expect to budget $500-800 per month.



The federal government offers rebates up to $5,000 off new electric cars and SUVs, plus additional provincial rebates in BC and Quebec. This lowers the effective base prices. For used electric vehicles, BC offers up to $3,000 off for low-income residents. Check eligibility terms for all rebates before purchasing.

Charging an electric car at home costs roughly $15-20 per 1,000 km driven. With an average Canadian home electricity rate of $0.16/kWh, it’s about 4-5x cheaper than fueling a gas car. Public fast charging can cost $10-15 per full charge, varying by station fees and network memberships.

Most electric vehicles priced under $45,000 in Canada offer over 400 km of range per full charge. The 2023 Nissan LEAF S Plus provides 363 km, while the Chevrolet Bolt EV is rated for 417 km. Long range helps alleviate range anxiety over electric vehicles.

Charge times depend on the car model, battery size, charger type and charging station power. Using a standard 120V home outlet can take over 24 hours for a full charge. Most affordable electric cars can charge from 10-80% in 7-8 hours from a 240V home charging station or public Level 2 station. Fast charging to 80% takes 30-60 minutes.

Yes, electric cars are much better for the environment. According to Canada’s National Resources Canada, electric vehicles generate less than half the lifetime emissions of gas-powered vehicles. This includes manufacturing and electricity generation emissions. As more renewable energy comes online, electric cars will become even cleaner over time.



Electric vehicles have substantially lower maintenance costs than gas vehicles. They require no oil changes, fuel filters, spark plug replacements or emission checks. Brake pad replacements are also less frequent due to regenerative braking. Estimate 50-70% lower maintenance costs overall.

The federal iZEV program provides purchase rebates for new electric cars and SUVs with a base MSRP under $45,000 for standard range models, or under $55,000 for extended range models. Used electric vehicle rebates have additional requirements. Check full details on the Transport Canada website.

As of January 2023, Canada has over 17,000 public electric vehicle charging stations. The majority are concentrated in metropolitan areas and along major highway corridors. Download apps like PlugShare to locate charging stations throughout your travels and check real-time availability.

Most electric vehicle batteries today are warrantied for 8 years or 160,000 km. However, many owners experience just 20-30% degradation after 200,000+ km. With proper charging and storage habits, EV batteries can realistically last 10-15 years and over 500,000 km before needing replacement.



Yes, today’s affordable electric cars offer ample range for long distance drives. For example, the 417 km Chevrolet Bolt allows 6+ hours of highway driving per charge. Canada’s growing DC fast charging network also enables faster recharging during road trips. Range continues improving while infrastructure expands nationwide.

Canada does not currently manufacture electric vehicles domestically. However, auto parts suppliers Magna International and Linamar do produce components for electric models like the Ford Mustang Mach-E. There are also several emerging Canadian EV startups working on new models, including ElectraMeccanica, Taiga Motors, Lion Electric and Daymak.



Popular used electric vehicles available in Canada include the Nissan LEAF, BMW i3, Tesla Model S, Chevrolet Bolt, and Ford Focus Electric. Used EVs typically sell for 40-60% less than new. When buying used, have a mechanic inspect battery health and be aware of any remaining warranty coverage.



Most major automakers now offer electric models in Canada, available from dealers nationwide. The cheapest EV deals will likely come from high-volume brands like Chevrolet, Nissan, Kia and Hyundai. Shopping online can help compare pricing across dealers more efficiently. Consider leasing for lower monthly payments.

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