At April 2026 rates ($1.90/L gas, $0.16/kWh electricity), EVs save ~$2,000–$2,500/yr on fuel at 15,000 km/yr. Over 5 years, fuel savings alone total ~$10,000–$12,500. Lower EV maintenance (no oil changes, timing belts, spark plugs) adds another ~$5,000 in savings. Partially offsetting this: EVs cost ~$800–$1,000 more/yr to insure, and depreciate faster than gas cars. The $5,000 federal EVAP rebate reduces the purchase premium. Net advantage depends on your province, driving habits, and whether you include depreciation.

As of April 16, 2026, the national average is approximately CAD 1.75/litre — down from ~$1.98/L on April 14 after PM Carney suspended the federal fuel excise tax (saving ~10¢/L until Sep 7, 2026). Summer blend switchover added ~10¢/L in mid-April. Prices vary by province — typically lower in Alberta (~$1.55/L) and higher in Ontario and Atlantic Canada (~$1.85/L).

Home charging costs $0.08–$0.19/kWh depending on your province (national average ~$0.16/kWh). Quebec is cheapest at ~$0.08/kWh; Nova Scotia is highest at ~$0.19/kWh. A full charge for a mid-range EV (e.g. 60 kWh battery) costs approximately $5–$11 at home and gives 350–450 km of range. Public DC fast charging costs $0.25–$0.45/kWh.

Canada does not have an annual road tax. EVs pay the same provincial registration fee as gas cars — approximately $100–$150/yr. The federal iZEV program offers up to $5,000 off the purchase price of eligible new EVs. BC offers an additional rebate of up to $4,000 through the CleanBC Go Electric program, stackable with the federal rebate.

All vehicles in Canada require liability insurance (mandatory). Comprehensive and collision coverage are optional but widely recommended. The 2026 national average is ~$2,289/yr for gas cars and ~$3,131/yr for EVs — EVs cost roughly 37% more to insure due to higher repair costs and specialized parts. Rates vary significantly by province; BC, Manitoba, Saskatchewan, and Quebec have government-run auto insurance with generally lower rates.

EV battery replacement in Canada typically costs CAD $8,000–$20,000 depending on the vehicle and battery size. Most manufacturers offer an 8-year / 160,000 km battery warranty. Battery costs are decreasing annually as technology improves.