Top 5 Cheapest Electric Cars in Canada - 2022

Are you looking to save money while also reducing your carbon footprint? Then you might be interested in the cheapest electric cars on the market today. And did you know that they're becoming more and more affordable too? That's right - now might be the perfect time to trade in your old gas guzzler for something a little greener.

If you're not sure where to start, fear not! We've got you covered. We've scoured the market and compiled a list of the cheapest electric cars available in Canada right now. And let us tell you - there are some seriously cool options out there.

So, what are the most affordable electric cars available in Canada right now? The Hyundai IONIQ 5 and KONA, Kia Niro and Soul, Volkswagen ID.4, Nissan Leaf, Chevrolet Bolt, and the Mini Cooper SE all come in at under $50,000 MSRP. These iZEV-approved BEVs offer a range of options for those who want to start living a more sustainable lifestyle without breaking the bank. And with the government's goal that by the year 2035, all new cars, SUVs, and light trucks sold in Canada must be electric, more affordable options may become available in the future.

In fact, with all the buzz about EV rebates and incentives, affordability is a top concern for many consumers. But with the affordable electric cars on the market today, you don't have to compromise on style or performance. These vehicles boast impressive acceleration, spacious interiors, and advanced safety features. So why not make the switch to one of the cheapest electric cars today?

Here are the top five cheapest electric cars in Canada:

1. 2022 Hyundai IONIQ 5

 

 

MSRP: $47,651 CAD

The Hyundai IONIQ 5 is a powerful and spacious battery-electric hatchback that offers a maximum range of 488 kilometers on a single charge. It boasts excellent acceleration, going from 0-100km in just 5.1 seconds. Additionally, it comes with a suite of standard Hyundai SmartSense safety features, making it a reliable and safe option for everyday practical driving.

While the MSRP for the Hyundai IONIQ 5 was previously listed as $44,999 CAD, it has been updated to $47,651 CAD. However, it still qualifies for the $5,000 federal rebate for electric vehicles in Canada, and provincial and territorial incentives may also be available.

For instance, if you live in British Columbia, you can take advantage of both the $5,000 federal rebate and a $3,000 provincial rebate. In Quebec, you could be eligible for up to $13,000 in rebates altogether. 

So, be sure to check with your local government to see what incentives are available to you. With its sleek and stylish interior, exceptional range, and competitive pricing, the Hyundai IONIQ 5 is a fantastic choice for drivers looking to make the switch to an electric vehicle.

 

2. 2022 Hyundai KONA Electric

 

MRSP: $46,551 CAD

The Hyundai KONA Electric is a stylish and sleek electric SUV that boasts a range of 415 kilometers on a single charge. With its distinctive grille design and 17" alloy wheels, the KONA offers plenty of horsepower for a thrilling driving experience.

The MSRP for the Hyundai KONA Electric is currently listed as $46,551 CAD, which is an increase from its previous MSRP of $44,999 CAD. However, it still qualifies for the same $5,000 federal rebate for electric vehicles in Canada, as well as potential provincial and territorial incentives. 

So, if you're looking to purchase the KONA Electric, be sure to check what incentives are available in your area. 

 

3. 2022 Kia Niro EV

MRSP:  $44,995 CAD

The Kia Niro EV is an excellent choice for those seeking a roomy SUV option within the Kia model lineup. With a spacious interior that can comfortably accommodate up to five passengers, this vehicle is perfect for families or anyone who requires ample hauling space.

The 2022 Kia Niro EV has a starting MSRP of $44,995 CAD.

However, it still offers fantastic value, especially when you factor in the potential rebates and incentives available. Depending on where you live in Canada, you could receive up to $13,000 in EV rebates, making this vehicle an even more affordable choice. In terms of range, the Kia Niro EV can travel up to 407 kilometers on a single charge, which is an improvement from the previous range of 385 kilometers.

If you're looking for an even more powerful electric Kia, the 2023 Kia EV6 GT is worth considering, though it comes at a much higher price point. With an all-electric powertrain that delivers 576 horsepower and 545 lb-ft of torque, this is the most powerful production Kia vehicle ever made.

 

4. 2022 Mini Cooper SE

 

MRSP: $40,990 CAD

The Mini Cooper SE is a compact electric vehicle with an MSRP of $40,990 CAD. With a range of 183 kilometers and a quick 35-minute charge time, this vehicle is an attractive option for city drivers seeking a zippy plug-in car that looks great parked outside their favorite craft brewery.

It's worth noting that buyers may qualify for up to $13,000 in federal and provincial rebates, making this car even more affordable.

 

5. Tesla Model 3

 

MRSP: $54,990 CAD

The Tesla Model 3 is a high-performance luxury electric car that is available in Canada with a starting price of $54,990 CAD (previously $59,990 CAD) before options. It is the cheapest Tesla model available in Canada, but it still comes packed with features, including impressive interior tech and sleek styling. The entry-level Model 3 is a rear-wheel-drive sedan that can reach top speeds of 225 km/h and has a range of up to 430 km on a single charge.

The new lower price of the Model 3 makes it eligible for the federal government's $5,000 CAD rebate for electric cars, which is a significant incentive for buyers. Additionally, residents of Quebec, which has some of the most generous incentives for electric cars in Canada, can receive up to $12,000 CAD off the purchase of a new Model 3. While the Performance model does not qualify for any rebates, it has also seen a price drop, from over $80,000 CAD to $72,990 CAD.

Overall, the Tesla Model 3 offers a compelling option for someone looking to purchase an electric car, with its impressive range, performance, and advanced features, all at a more affordable price point than before.

 

Conclusion:

The availability of affordable electric cars is increasing in Canada, making it easier for drivers to switch to eco-friendly vehicles. The list of top cheapest electric cars in Canada showcases the variety of options available, from compact city cars to practical hatchbacks. These cars not only offer a more sustainable mode of transportation, but they also come with a range of benefits, including lower fuel costs and reduced maintenance expenses. Overall, with the availability of affordable and efficient electric cars, Canadians now have the opportunity to positively impact the environment while saving money in the long run.