Cheapest Electric Cars in Canada

With all the talk of EV rebates and incentives in the news these days, you may be wondering what you're able to afford. If you’re looking for the most affordable, iZEV-approved battery electric vehicles (BEV), consider these for all under $50,000 MSRP (Manufacturer’s Suggested Retail Price): Hyundai IONIQ 5 and KONA, Kia Niro and Soul, Volkswagen ID.4, Nissan Leaf, Chevrolet Bolt, and the Mini Cooper SE.

Tesla Model 3 shoppers take note: As of July 2025, Tesla no longer offers any Model 3 variants under the $55,000 federal rebate threshold in Canada. The most affordable configuration currently available—the Long Range All-Wheel Drive—starts at C$79,990. With the discontinuation of lower-priced trims, the Model 3 no longer qualifies for the $5,000 federal iZEV incentive or most provincial EV rebates. Despite this, many Canadian drivers continue to consider the Model 3 for its long 550 km range, advanced tech, and performance—though now at a premium price point.

What are the most affordable electric vehicles in Canada right now?

Hyundai IONIQ 5

Hyundai IONIQ 5 | Photo: Amee Reehal 

MSRP: $54,999 CAD

Range: maximum 488 kilometres with larger Long Range lithium-ion polymer 77.4-kWh battery

Boasting outstanding acceleration (0-100km in 5.1 seconds) and an entire suite of standard Hyundai SmartSense safety features, this powerful and generously-sized battery electric hatchback offers 488km range on a single charge. And, the new IONIQ 5 interior is both clean and stylish.

Good for everyday practical driving, the IONIQ 5 has an MSRP of $54,999 and qualifies for the $5,000 federal rebate, plus provincial and territorial incentives. For example, If you're in BC, you can get both a $5,000 federal rebate and a $3,000 provincial rebate. In Quebec, you could get up to $13,000 in rebates altogether.

Here's our full 2022 Hyundai IONIQ 5 Review. Or just a quick look at the IONIQ 5 specs and features here.

Kia Soul EV

Kia Soul EV | Photo: Kia 

MSRP (2023): $45,933 CAD

Range: 383 kilometres 

Kia’s ultra-popular Soul also had a fully electric version, offering a practical and spacious interior for families or gear-heavy commutes. With a maximum range of 383 kilometres on a full charge, the Soul EV delivered solid daily performance—though slightly less than its Niro EV sibling. While Kia has officially discontinued the Soul EV in Canada after the 2023 model year, many used options are still available, making it a compelling pick for budget-conscious Canadian drivers seeking a quirky, reliable electric vehicle.

Here's a full look at the Kia Soul EV specs and range.

Nissan LEAF

Nissan LEAF | Photo: Nissan 

MSRP: $41,748 CAD

Range: maximum 341 kilometres (Nissan Leaf SV Plus)

One of the most established names in the EV world, the Nissan LEAF continues to be a practical and budget-friendly choice for Canadian drivers. The 2025 LEAF lineup carries forward the same core options as recent years, with the base SV trim offering a 40 kWh battery and 240 km of range—perfect for urban commuting. For more power and distance, the SV PLUS features a 60 kWh battery and a 160 kW electric motor delivering 214 horsepower and up to 342 km of range.

With a starting MSRP of $41,248 CAD, the LEAF remains one of the most affordable EVs in Canada—and it qualifies for the $5,000 federal iZEV rebate, along with applicable provincial incentives. It’s a great entry point into EV ownership, whether you're buying new or exploring used options.

Looking for more details? Here’s a full look at the Nissan LEAF specs and range.

Chevrolet Bolt EV (Discontinued – available used / next-gen coming)

Chevrolet Bolt EV | Photo: Chevrolet 

MSRP (2023): $41,147 CAD

Range: 417 kilometres 

Chevrolet’s all-electric Bolt EV was a favourite among Canadian drivers looking for value, range, and practicality. With a 65 kWh battery and an estimated 417 km of driving range, it offered more than enough power for daily commutes and weekend trips alike. Production ended after the 2023 model year, but used models remain widely available at competitive prices.

At its final MSRP of $41,147, the Bolt EV qualified for the $5,000 federal iZEV rebate and various provincial incentives—making it one of the most affordable EVs in Canada at the time.

Coming soon: Chevrolet has confirmed that a next-generation Bolt EV is in development, built on GM’s Ultium platform. While no launch date has been announced, it's expected to arrive sometime in 2026 with improved performance and affordability. Learn more

Mini Cooper SE

Mini Cooper SE | Photo: Mini 

MSRP: $40,990 CAD

Range: 183 kilometres 

Another compact EV that won’t break your bank account is the Mini Cooper SE. Its MSRP starts at $40,990. This vehicle will appeal to city drivers looking for a peppy plug-in that looks good parked outside the craft brewery. Its specs boast a 183-kilometre range and a quick 35-minute charge for when you’re watching the clock. Buyers can expect up to $13,000 off the price with federal and provincial rebates where applicable.

Read our full Mini Cooper SE review here.

Tesla Model 3

Tesla Model 3 | Photo: Tesla 

MSRP: Model 3 Long Range AWD – C$79,990; Performance AWD – C$89,990

Range:  Model 3 Long Range AWD – 550 km; Performance AWD – 478 km

The cheapest Tesla model available in Canada, the Tesla Model 3 is a high-performance luxury electric car, even the ‘entry-level’ Model 3—a RWD sedan with awesome interior tech and sleek styling. Reaching top speeds of 225km per hour, the Model 3 (RWD) has a 430km range.

The Model 3 now kicks off at $54,990 (down from $59,990) before options. This makes it eligible for the federal $5,000 rebate for electric cars. If you live in a highly incentivized province like Quebec, you can get up to $12,000 off the purchase of a new Model 3. And while the Performance model isn’t eligible for any rebates, it sees an even bigger price drop, down from over $80,000 to $72,990.

Here's our full 2023 Tesla Model 3 review and driving impressions. 

Cheapest Electric SUVs in Canada

Hyundai KONA Electric

Hyundai KONA Electric | Photo: Nissan 

MSRP: $46,499 CAD

Range: 420 kilometres 

Featuring that distinctive grille design and 17" alloy wheels, the current KONA offers 420 kilometres, and plenty of horsepower for when you feel the need for speed. This model comes with an MSRP of $46,499 and qualifies for the same $5,000 federal rebate, plus provincial and territorial incentives, as the IONIQ 5.

If you like the KONA and are impartial to electric power, take a look at our 2022 Hyundai Kona N Review - a sporty hatch boasting 276 horsepower.

Kia Niro EV

Kia Niro EV | Photo: Kia 

MSRP: $45,595 CAD

Range: 407 km (up from 385 kilometres)

The Kia Niro could be a good choice for those looking for a roomier EV option within the Kia SUV model lineup. There’s lots of space in this 5-passenger SUV – great for families or those who are habitual haulers. Its MSRP starts at $45,595 for the 2025 model, with up to $13,000 in electric vehicle rebates depending on which province you live in. The Kia Niro EV offers up to 407 kilometres on a full charge.

If you're willing to spend more money (a lot more) on an electric Kia, check out our Kia EV6 GT Review. It's the most powerful production Kia in history, putting down 576 hp and 545 lb-ft of torque from an all-electric powertrain.

Volkswagen ID.4

Volkswagen ID.4 | Photo: VW 

MSRP: $49,495 CAD

Range: 468 kilometres 

The vaunted German automaker's latest foray into full electric is this emission-free all-electric SUV. At 468km, the ID.4 boasts one of the highest ranges on this list, and comes with a retail price of $49,495. If you're interested in an SUV, you'll be glad to hear that this model is eligible for federal and provincial rebates, so what are you waiting for?

Here's our complete look at the ID.4's specs and electric range.

Chevrolet Equinox EV

Equinox EV | Photo: Eagle - stock.adobe.com 

MSRP: Estimated $44,999 CAD

Range: Up to 513 kilometres (FWD model)

Set to shake up the EV market, the Equinox EV combines sleek SUV styling with practical features Canadian drivers love—like available all-wheel drive and a generous driving range of over 500 kilometres. With an estimated MSRP of under $45,000, it’s expected to qualify for the $5,000 federal rebate, making it one of the most affordable electric SUVs in Canada.

 

Cheapest Family Electric Cars in Canada

Nissan Ariya

Nissan Ariya | Photo: Gabriel - stock.adobe.com 

MSRP: Starting at $52,920 CAD

Range: Up to 465 kilometres

Designed with families in mind, the Ariya offers ample cargo space, rear-seat comfort, and an available all-wheel drive powertrain. Standard features include wireless device charging, automatic emergency braking, and lane change assist. It also boasts a sleek, modern interior with a leather-wrapped steering wheel and plenty of tech to keep everyone entertained.

Ford Mustang Mach-E

Ford Mustang Mach-E | Photo: jetcityimage - stock.adobe.com 

MSRP: Starting at $55,590 CAD

Range: Up to 515 kilometres

With its unique style and sporty performance, the Mach-E brings excitement to everyday driving. This family-friendly SUV includes features like heated steering wheel, rear-wheel drive or available all-wheel drive, and advanced safety tech like pedestrian detection. A roomy cabin and ample cargo space make it just as practical as it is fun to drive.