Top 10: The cheapest electric vehicles in 2026
Since subsidy fluctuations in early 2025, demand for electric vehicles has slowed in Canada. This illustrates that their cost remains a determining factor in purchasing decisions and a concern for consumers. Will the return of the federal incentive and the lifting of tariffs on electric models manufactured in China change the situation? Only time will tell!
For now, let's focus on the 10 cheapest battery-powered vehicles in Canada. For the first time, they are all selling for under $50,000, thanks to the arrival of a new wave of entry-level models.
Note: Prices include transportation, preparation, administration, and RDPRM fees, as well as excise taxes (tires and air conditioning), but do not include discounts or sales taxes. The MSRP does not take these fees into account. Range data is from Natural Resources Canada.
10. 2026 Chevrolet Equinox EV – $49,625 (MSRP $46,199)
Range: 513 km (494 with all-wheel drive).
The Equinox EV got off to a flying start when it launched in the summer of 2024, and last year it remained the second most popular EV in Canada. Its spacious interior, range of approximately 500 km, and availability of all-wheel drive appeal to many families. However, to qualify for the $50,000 federal subsidy, you'll have to choose an LT model without options. In addition, some owners have been bothered by its less-than-perfect reliability.
9. 2026 Toyota bZ – $48,995 (MSRP $45,990)
Range: 380 km (up to 468 km with the 77 kWh battery).
Weighed down by its conservative technology, significant depreciation, modest performance, awkward design, and difficult-to-read instrumentation, the bZ4X has not been a hit. For 2026, Toyota is making a series of changes. Now called the bZ, this compact SUV benefits from optimized battery thermoregulation, aesthetic tweaks, increased power, and a modernized multimedia system. This makes it a much more attractive purchase.
8. 2026 Kia Niro EV – $48,726 (MSRP $45,595)
Range: 407 km.
Stuck in Kia's lineup, the Niro is at risk of disappearing, pushed toward the exit ramp by newer models that are more in line with current tastes. Consider the attractive K4 hatchback, the upcoming Seltos (which will feature a hybrid powertrain), and the 2027 EV3, which is likely to be more affordable despite its more advanced technology. On the other hand, the Niro boasts impressive interior space for its size, while its proven design ensures good reliability.
7. 2026 Nissan Leaf – $47,921 (MSRP $44,998)
Range: 417 to 488 km, depending on the version.
This year, Nissan is revamping the Leaf and presenting it as a crossover... even though the trunk space has decreased! Considering the equipment and performance, the price range seems a little high to us. In fact, although Nissan had promised a less expensive S version with a 52 kWh battery (instead of 75) for 2026, it has revised its plans. Speaking of the battery, its thermal management has been significantly improved, correcting a shortcoming of the previous Leaf.
6. 2026 Hyundai Kona EV – $47,090 (MSRP $43,999)
Range: 420 km.
The gasoline-powered Hyundai Kona earned the title of Best Buy in the subcompact SUV segment for its consistent handling, versatility, and generous warranty. For similar reasons, the Kona EV earned the same distinction in its respective category. Admittedly, the lack of all-wheel drive deters some buyers, but looking at the competition, only the Subaru Uncharted, Toyota C-HR, and Volvo EX30 offer it as an option.
5. 2027 Kia EV5 – $46,776 (MSRP $43,495)
Range (according to Kia): 335 km (up to 457 km with the 81.4 kWh battery).
Expected in spring 2026, the Kia EV5 looks like a scaled-down EV9. In North America, it is a Canadian exclusive and an alternative to the EV6, imports of which have ceased due to counter-tariffs on US-made cars. The EV5 will use a 400-volt electric architecture to reduce costs and will offer a choice of five trim levels, two batteries, and two- or four-wheel drive.
4. 2026 Subaru Uncharted ($45,857, MSRP $42,995) and 2026 Toyota C-HR ($48,300, MSRP $44,900)
Range: up to 480 km (according to Subaru) and 438 to 496 km (according to Toyota).
We have grouped these twins together as they were developed jointly. The Subaru differs slightly from the Toyota in terms of its aesthetics, equipment strategy, and the presence of a smaller battery (57.7 kWh instead of 77) in the basic version. Compared to their rivals, the Uncharted and C-HR stand out for their spacious trunk, above-average range, and surprising power (338 horsepower) with all-wheel drive.
3. 2027 Chevrolet Bolt – $43,425 (MSRP $39,999)
Range: 422 km.
Ten years after the original model, the Bolt is making a (brief) comeback. In fact, even as it arrives in dealerships, Chevrolet has already announced that production will end in mid-2027. Although the styling and range have changed little from the previous generation, the new Bolt features several improvements: multimedia system, seat comfort, fast charging power increased to 150 kW, refined driver assistance systems, and adoption of the NACS port.
2. 2025 Fiat 500e – $42,290 (MSRP $39,995)
Range: 227 km.
If we had taken manufacturer discounts into account, this city car would have topped the list. Fiat offers generous promotions on the 500e, and monthly lease payments range from $175 to $300, depending on the month and term! Its small size, uncertain reliability, and limited range may not suit everyone's needs, but its agility, appealing design, and lively handling will satisfy urban customers who want to drive without breaking the bank.
- 2026 Kia EV4 – $42,276 (MSRP $38,995)
Range: 391 km (up to 552 km with the 81.4 kWh battery).
The Kia EV4 is the first compact electric sedan. It appeals with its balanced handling, quiet ride, technological features, and reassuring warranty. For some buyers, these arguments will justify the price difference between the EV4 and hybrid cars such as the Honda Civic and Toyota Corolla. However, the latter have low fuel costs. If you want to get the most out of your investment in an electric vehicle, consider your mileage, how long you plan to own the car, and the cost of energy.
