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    Electric Car Under C$40,000 in Canada (2026)

    Best value electric cars in Canada under C$40,000, wider range with popular models from BYD, Tata & more.

    7+ cars listed · Updated July 16, 2026

    Showing 7 of 7 vehicles

    Sort by
    Sell

    Vehicles

    T

    Toyota Prius

    XLE AWD

    C$38,165

    2.5
    1.2 kWh
    53 kW
    180 km/h
    5 Seats
    1.2 kWh0
    Chevrolet Bolt EV

    Chevrolet Bolt EV

    1LT

    C$38,995

    3.5
    65 kWh
    417 km
    150 kW
    145 km/h
    65 kWh417 km
    Kia EV4

    Kia EV4

    Light FWD

    C$38,995

    3.5
    58 kWh
    391 km
    112 kW
    170 km/h
    58 kWh391 km
    Tesla Model 3

    Tesla Model 3

    RWD

    C$39,490

    4
    60 kWh
    491 km
    208 kW
    201 km/h
    60 kWh491 km
    Fiat 500e

    Fiat 500e

    Icona

    C$39,995

    3
    42 kWh
    227 km
    65 kW
    4 Seats
    42 kWh227 km
    Fiat 500e

    Fiat 500e

    Pop

    C$39,995

    3
    42 kWh
    227 km
    65 kW
    4 Seats
    42 kWh227 km
    Chevrolet Bolt EV

    Chevrolet Bolt EV

    LT

    C$39,999

    3.5
    65 kWh
    422 km
    117 kW
    5 Seats
    65 kWh422 km
    Sell

    Frequently Asked Questions

    What is the cheapest electric car in Canada?
    The most affordable electric car in Canada is the Toyota Prius, priced at C$38,165 (ex-showroom).
    How many electric cars are available in Canada in 2026?
    There are 7+ electric cars available in Canada from 32+ brands including BYD, MG, Kia, Tata, Hyundai, and more. New models are added regularly as the market grows.
    Which electric car has the longest range in Canada?
    The Chevrolet Silverado EV offers the longest range at 792 km (EPA).
    Are electric vehicles tax-free in Canada?
    Electric vehicles in Canada are not tax-free, but federal and provincial purchase incentives — the federal iZEV rebate plus programs in BC, Quebec and other provinces — can take thousands of dollars off the upfront price. Several provinces also discount registration or offer reduced overnight electricity rates for EV owners.
    What is the price range of electric cars in Canada?
    Electric cars in Canada range from C$38,165 (Toyota Prius) to C$327,300 (Lucid Air). All prices are ex-showroom Canada prices.
    Electric Car Price in Canada, Complete Guide (2026)

    Canada is one of the fastest-growing EV markets in North America with 7+ electric car models available from 32+ global brands in 2026. From affordable EVs starting under C$40,000 to premium electric SUVs and trucks above C$100,000, EV Canada is your comprehensive guide to all electric car prices in Canada, specifications, range, features and charging infrastructure. The country has 15,000+ public charging ports operated by Electrify Canada, FLO, Petro-Canada EV, ChargePoint and Tesla, and EV running costs of C$30–60 per month make them dramatically cheaper than the C$200–300 a gas equivalent burns.

    EV incentives in Canada (2026): the federal iZEV program offers a point-of-sale rebate on eligible zero-emission vehicles, and provincial programs stack on top — British Columbia and Quebec offer some of the largest provincial rebates, while several provinces add discounted overnight charging rates and reduced registration fees. Price caps apply, so most rebate-eligible EVs sit in the C$40,000–65,000 bracket — check Transport Canada's eligibility list before you buy.

    Top electric car brands in Canada include Tesla (Model 3, Model Y), Hyundai (IONIQ 5, IONIQ 6, Kona Electric), Kia (EV6, EV9, Niro EV), Ford (Mustang Mach-E, F-150 Lightning), Volkswagen (ID.4), Nissan (Ariya, Leaf), Polestar (2, 3, 4), and premium marques like Rivian, Lucid, BMW and Mercedes-Benz. The most affordable electric cars in Canada start under C$40,000, while the most popular models are compact SUVs in the C$45,000–60,000 bracket. Federal and provincial rebates make many of them cheaper to own than gas vehicles of similar size.

    Use our trip planner to plan EV road trips with charging stops, compare any vehicles side by side, browse the used EV marketplace, and find 15,000+ charging stations across Canada. Calculate the total cost vs gas or estimate EMI for any model, or see which new EVs are launching in Canada soon. Prices are updated daily.