How much do electric cars cost in Canada?

I just got promoted and I’d like to buy a new EV as a present for myself! I live in Toronto and I’m wondering how much electric cars typically cost and what I may be able to afford. The Hyundai IONIQ 5 looks kinda cool. Can you tell me how much electric cars cost in Canada?

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Answer provided by
Tara Malenfa
Answered on May 11, 2022
Congrats on your promotion! An EV is a special gift indeed. You’ll be happy to hear that there are many fuel-efficient, affordable options for electric vehicles in Canada. The Hyundai IONIQ 5 is actually one of them! Here’s an idea of how much electric cars in Canada cost:
  • The Hyundai IONIQ 5 is listed for $44,999 CAD and comes with a 488-kilometer range. It qualifies for provincial and territorial incentives, as well as the $5,000 federal rebate.
  • The Kia Soul EV costs $42,995 CAD with a 383-kilometer range. It also qualifies for provincial and territorial incentives, as well as the $5,000 federal rebate.
  • The Nissan Leaf can be purchased for ​​$37,498 CAD and has a shorter range of 240 kilometers. It also qualifies for provincial and territorial incentives, as well as the $5,000 federal rebate.
  • If you want to get fancy, Tesla starts at $59,990 CAD for the Model 3. Drivers will get a 430-kilometer range but are no longer eligible for the federal rebate program
Other popular EVs that are available include the Hyundai KONA Electric ($44,999 CAD), the Mini Cooper SE ($40,990 CAD), the Chevy Bolt ($38,198 CAD), the Kira Niro EV ($44,995 CAD) and the Volkswagen ID.4 ($44,995 CAD).
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