Top 10 Cheapest Electric Vehicles in Canada: 2025

Electric vehicles (EVs) are an interesting proposition in 2025. Interest in EVs has decreased from consumers, automakers are scaling back their plans for EVs, and government incentives have changed, resulting in an increase across the board for EV prices. 

While there are still plenty of new electric vehicles on the way this year, a few of the more affordable options, such as the Chevrolet Bolt and Kia Soul EV, have been discontinued.

While AutoTrader research shows that price is a big reason why many Canadians wouldn’t consider an EV as they’re typically more expensive than their gas-powered counterparts, there are still some affordable EVs available.

Here are the top 10 most affordable new EVs in Canada for 2025. Prices listed don’t include taxes and destination fees. And keep in mind that range estimates will vary based on driving conditions.

10. Hyundai Ioniq 6 - Starts at $54,999

The Hyundai Ioniq 6 is one of the most affordable EVs in Canada, but it’s also one of the most unique looking, with a style that was designed with aerodynamics as a priority. 

It also happens to be one of the best offerings on this list, offering more range than any other vehicle here. 

The base model comes with a single, rear-wheel-drive (RWD) motor producing 225 hp and 258 lb-ft of torque. Range is especially impressive, with the RWD model being rated at an impressive 550 km with fast charging capabilities that allow the battery to charge from 10 to 80 per cent in just 18 minutes. The Ioniq 6 also offers great space, with a large wheelbase allowing for a spacious cabin. Equipment is also exceptional, with standard wireless phone charging and rear USB outlets, features that are often optional extras. 

9. 2025 Hyundai Ioniq 5 - Starts at $52,999

The Ioniq 5 offers a lot of the same technology as the larger Ioniq 6. Its base model offers a range of 373 km with a single RWD motor, producing 168 hp and a healthy torque figure of 258 lb-ft. The Ioniq 5 benefits from fast Level 3 charging, capable of going from 10 to 80 per cent charge within as little as 18 minutes. It also comes with USB ports in the front and rear, as well as Hyundai’s excellent adaptive cruise control system. The Ioniq 5 is one of the more stylish offerings on this list, mixing modern design with retro flair. It’s a very competitive contender, with significantly higher range and performance available if desired and budget-willing. 

8. 2025 Nissan Ariya Engage - Starts at $49,998

Nissan's entry into the electric crossover market is the largest offering on this list. The entry-level Ariya Engage comes standard with a single front-wheel-drive (FWD) electric motor making 215 hp and 221 lb-ft of torque. The Ariya is rated for 348 km of estimated range, which isn’t very competitive but will be sufficient if you can charge at home.  Level 3 fast charging speeds are average, with the Ariya capable of going up to an 80 per cent charge within 35 to 40 minutes. Standard technology is also decent, with adaptive cruise control and Amazon Alexa available. The Ariya benefits from having distinctive looks in the crossover segment and a well-designed, spacious interior.

7. 2025 Volkswagen ID.4 - Starts at $48,495

The ID.4 presents a great middle-ground for those shopping for an affordable EV. The base trim has a 201-hp, 229 lb-ft of torque single motor driving the rear wheels. The range figure is also average, with an estimated 332 km. Fast charging capabilities can get the ID.4 from a 10 to 80 per cent charge in approximately 30 minutes. The interior of the ID.4 offers a solid amount of space for passengers and cargo while being rather restrained in terms of its design. The ID.4 does everything well, not focusing on style but on providing a sensible package with solid build quality for those seeking a compact EV crossover. 

6. 2025 Chevrolet Equinox EV - Starts at $48,333

Chevrolet’s Equinox EV presents a compelling package for those in the market for an affordable EV. Chevy’s offering has the second most powerful engine and the second-highest range on this list. Its performance figures fall just shy of the Ioniq 6 while being nearly $7,000 cheaper. Its single-motor FWD configuration delivers 220 hp and 236 lb-ft of torque. It’s rated for 513 km of range on a full charge.

As for charging, the Equinox EV has a neat trick of adding 110 km of additional range with just 10 minutes of fast charging. It is also available with Super Cruise, GM’s hands-free driver assistance system. This contender also looks the part, with a sleek light bar, low roofline, and flush door handles giving the car a sportylook, especially if customers opt for the RS trim. Overall, it's a compelling package, combining looks and performance for a decent price. 

5. 2025 Toyota Bz4X LE - Starts at $46,515

The Bz4X is currently Toyota’s only EV on the market. It's a decent option for those looking to benefit from Toyota’s reputation for reliability. Performance-wise, it’s somewhat average, with its single motor producing 201 hp and 196 lb-ft of torque. In terms of range, an estimated figure of 405 km is comparable to its rivals in their base spec, yet many competitors offer options for more range, something the Bz4X does not. Fast charging takes the crossover up to 80 per cent in 30 to 35 minutes. The Bz4X benefits from having a large interior while still being compact in size. 

4. 2025 Hyundai Kona Electric - Starts at $46,499

The Kona EV was redesigned in 2024 and stands out from its competitors thanks to its unique style. A single front motor provides 201 hp and 188 lb-ft of torque. Range is decent for the price, with the Kona EV rated at 420 km. A downside is that its fast charging isn’t as fast as others, with an 80 per cent charge being achieved in a rather lengthy 43 min. 

An upside is its generous standard equipment, which includes front and rear charge ports and cruise control. Size-wise, the Kona Electric is average for a subcompact crossover, providing decent room despite its small footprint. Overall, it’s a good option that mixes practicality, decent equipment, and stylish flair. 

3. 2025 Kia Niro EV - Starts at $45,595

Kia’s only entry on this list is the funky two-tone Niro EV. This car shares a platform with the Kona EV and shares many of the same characteristics. The Niro EV offers a package similar to many contenders on this list. It delivers average performance with a single motor making 201 hp and 188 lb-ft of torque. The range is on the higher end of this list, with an estimated 407 km. Charging times, however, are less desirable, with the Niro EV taking about 45 minutes to charge from 10 to 80 per cent.

The Niro EV makes great use of Kia’s tech, including a large and user-friendly infotainment screen and a horde of driver assistance aids, making it a great all-rounder. 

2. 2025 Nissan Leaf - Starts at $41,748

The Leaf is Nissan’s second offering on this list, and it happens to be one of the earliest players in the EV game, arriving before any of the vehicles on this list. The Leaf is among the few EV hatchbacks left for drivers who don’t want a crossover. 

In terms of performance, the Leaf is on the lower end in terms of range and power. It is only available with a single motor connected to the front wheels, making 147 hp and 236 lb-ft of torque. With 342 km of range, this small runabout is also more limited than some of its competitors and the 10 to 80 per cent charge takes 40 to 60 minutes.

1. 2025 Fiat 500e - Starts at $39,995

The Fiat 500e is an electric take on the iconic little hatchback and is the most affordable EV in Canada. By far the smallest offering on this list at just 3.6 metres long, it also has the least power and range. A single motor makes 118 hp and 162 lb-ft of torque, and the range is an estimated 227 km.

An upside of the smaller battery is that the 500e charges quickly, getting up to 80 per cent in just 35 minutes. The 500e’s cute styling also stands out, and it comes with funky colour options for both the interior and exterior. Trunk space is surprisingly ample for such a compact vehicle. Much like Leaf, the 500e is not intended to compete with the crossovers on this list — its small size and short range make it an ideal city runabout.