Top 8 Cheapest Electric Cars in Canada: Budget-Friendly EVs

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Are you curious about exploring the world of budget-friendly electric cars in Canada? Electric vehicles (EVs) have recently gained much attention due to high gasoline prices and a more comprehensive selection of choices than last year. Although EVs are not typically considered cheap, some good budget-friendly options are available in different car styles. As electric vehicles become more popular, finding affordable options becomes crucial for many. This complete guide will reveal Canada’s most cost-effective electric cars, helping you make an informed and environmentally conscious choice. Check out the list now!

Affordable Nissan Leaf - Your Budget-Friendly EV Option.

Nissan Leaf

The Nissan LEAF was a groundbreaking electric car when it first came out about ten years ago. Today, while other electric vehicles have advanced, the LEAF is still a great option because it’s affordable. The 2023 Nissan LEAF SV comes with a 40-kWh battery that allows it to travel up to 240 kilometers on a full charge. If you need more range, consider the SV Plus or SL Plus models with a 60-kWh battery, which can go up to 349 kilometers. Starting at just $41,248, the LEAF is the most affordable electric car before factoring in provincial and national EV incentives. The LEAF Plus starts at $46,998.

The LEAF’s base model has 147 horsepower and 236 pound-feet of torque, which gives it good acceleration. The LEAF’s impressive efficiency makes it stand out, using just 1.9 Le/100 km in the city, 2.4 Le/100 km on the highway, and 2.1 Le/100 km combined. The power increases to 215 hp in the Plus models, but the consumption is slightly higher.

Affordable Nissan Leaf - Your Budget-Friendly EV Option.

Chevrolet Bolt EV

The Bolt EV was one of the first electric cars to offer a long driving range of over 400 km for less than $40,000. While it may not be as groundbreaking now, it’s still a reliable and affordable choice. The car’s electric motor provides 200 horsepower and 260 pound-feet of torque, making it quick off the line. However, its main strength lies in its impressive 417-km driving range on a full battery charge, with excellent efficiency ratings. As of 2023, the Chevy Bolt EV starts at $41,147 before any incentives, making it an affordable option for those looking for an electric car.


Affordable Chevrolet Bolt EUV - Your Budget-Friendly EV Option.

Chevrolet Bolt EUV

If you like the Bolt EV’s power and performance but prefer a crossover, the Bolt EUV is the perfect choice. It shares the same reliable powertrain as the Bolt EV but comes in a compact crossover design. The driving range is slightly lower at 397 km, but you get a higher ride height and more space inside, making it an excellent option for some buyers. The Bolt EUV’s efficiency is still impressive, with consumption ratings of 1.9 Le/100 km city, 2.3 Le/100 km highway, and 2.1 Le/100 km combined. Despite the larger body and roomier cabin, the 2023 Bolt EUV isn’t significantly more expensive than the base Bolt EV. It starts at an MSRP of $43,147 before any incentives and rebates.

Affordable Volkswagen ID.4 - Your Budget-Friendly EV Option.

Volkswagen ID.4

The Volkswagen ID.4 is an electric SUV with different battery options. The base model has a range of 335 kilometers, but the dual-motor all-wheel-drive version can go up to 410 kilometers. The rear-wheel-drive Pro version can cover 443 kilometers on a single charge. It charges quickly, taking only 36 minutes from 10 to 80 percent. The 2023 orders are open after the high demand for the 2022 models, which quickly sold out. The ID.4 is priced at $44,995 and comes with a spacious interior, modern design, and advanced technology features like a 10-inch touchscreen, wireless smartphone charging, rearview camera, blind-spot monitoring, rear cross-traffic alert, and automatic emergency braking.

Affordable Mazda MX-30 - A Great Choice for Cheap EV

Mazda MX-30

The Mazda MX-30, Mazda’s first-ever electric offering, has been met with mixed reviews in Canada. While its estimated driving range of 161 kilometers is the lowest among electric cars on the market today, it compensates with efficient charging capabilities, taking just 2 hours and 50 minutes to charge from 20% to 80% on a Level 2 charger. This front-wheel-drive electric crossover delivers 143 horsepower and 200 lb-ft of torque, providing a smooth and enjoyable driving experience.

The MX-30’s unique design features, such as coach-style doors and cork accents in the interior, add a touch of style to its appearance. The initial supply for the 2022 model year ran out quickly due to limited production numbers, leaving its availability for 2023 uncertain. Despite its modest powertrain and driving range, the MX-30 remains an attractive option for eco-conscious drivers seeking a budget-friendly electric car with the precision handling Mazda is known for. With a starting price of $42,650 before government incentives, it offers an accessible entry into Canada’s electric mobility world.

Budget-Friendly MINI Cooper SE - The Perfect Cheap EV Choice.

MINI Cooper SE

The MINI Cooper SE is a unique, cool, fully-electric car with powerful performance and a stylish appearance. Its electric motor provides quick acceleration, reaching zero to 60 in just 3.9 seconds. Though the design is similar to the gas-powered version, some interior tweaks exist. While the driving range is limited to 183 kilometers, it remains reasonably efficient.

Thanks to DC fast charging, you can get an 80% charge in only 35 minutes, allowing for longer trips with multiple charging stops. Despite the downsides of a short driving range, small backseat, and bumpy handling on uneven roads, the MINI Cooper SE is an affordable and attractive choice among electric cars, priced at $45,590 before incentives.


Hyundai IONIQ 5

The Hyundai IONIQ 5 is an affordable and powerful electric car that costs $48,999. Its larger Long Range battery can go up to 488 kilometers on a single charge. This car has quick acceleration (0-100km in 5.1 seconds) and comes with many safety features. The interior is clean and stylish. The IONIQ 5 qualifies for a $5,000 federal rebate and additional incentives from provinces or territories, like up to $3,000 in British Columbia and up to $13,000 in Quebec. It’s a great choice for budget-conscious EV buyers in Canada.

Budget-Friendly Kia Niro EV - The Perfect Cheap EV Choice.

Kia Niro EV

The Kia Niro EV is a spacious electric SUV option in the Kia lineup, perfect for families or those who need extra room. It costs $47,883 for the 2022 model and offers up to 407 kilometers of range on a single charge.

Depending on your province, you could get up to $13,000 in electric vehicle rebates, making it a budget-friendly choice. For those looking for more power, the 2023 Kia EV6 GT Review features an all-electric powertrain with an impressive 576 hp and 545 lb-ft of torque, but it comes at a higher price.



As we reach the end of our guide on affordable electric cars in Canada, one thing is clear: the future of transportation is going electric. With gas prices increasing and more people caring about the environment, electric vehicles are becoming popular. This article looked at the top 8 cheapest electric cars available. When you think about your next car, remember that you have the power to shape the future of transportation. Choosing an electric vehicle means saving money and contributing to a green planet.

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