The Most Affordable 100% Electric Cars
20 April 2026
If you’re planning to replace your vehicle soon, 2026 is an excellent year to make the switch to electric. The math is simple: gas prices are currently very high, and the return of the federal subsidy helps lower the price of many electric vehicles.
By combining provincial and federal programs, you can get up to $7,000 off the purchase or lease of a new vehicle. However, you’ll need to act fast. The Quebec government has already announced that its subsidy (currently $2,000) will end permanently in 2027. On the federal side, the incentive will also decrease from $5,000 to $4,000 in 2027.
Used Cars: The Cost-Saving Champion
While the new car market is attractive, the used car market is the real revelation of the year. A study published last January by the University of Michigan reached this conclusion: used electric vehicles have the lowest total cost of ownership in the entire automotive market, without exception.
This study resonates particularly in Canada, where 60% of transactions involve used vehicles. In addition to a lower purchase price, minimal maintenance and the low cost of electricity compared to gasoline make used electric vehicles the ultimate economical choice.
In recent years, there has been a wide selection of electric models with long ranges available in the used car market. There is no longer any reason to look down on used electric vehicles.
Top 6 New 100% Electric Vehicles Under $40,000
Contrary to what one might think, there are still affordable options for new electric vehicles. Here is a selection of models available in our Running Electric catalog with a starting price under $40,000 (excluding taxes and subsidies).
Fiat 500e RED: $29,204 with a 227 km range
KIA EV3: $35,914 with a 382 km range (coming soon)
KIA EV4 Light: $36,076 with a 391 km range
Chevrolet Bolt: $37,347 with a 422 km range
Subaru Uncharted FWD: $39,870 with a 399 km range
Mustang MACH-E AWD: $40,504 with a 370 km range
Some 2025 models are also still available in stock, for a limited time, with significant manufacturer discounts.
Conclusion: a logical investment
Switching to electric in 2026 means choosing to replace the world’s most polluting gasoline* with our clean, local hydroelectricity. It’s not only a gesture for the environment, but also for your wallet.
Don’t forget that to fully benefit from the subsidies, the sales contract for a new vehicle must be signed with the dealer before December 31, 2026.
Ready to find your next vehicle? Browse our complete catalog to compare models and calculate your savings!
*Gasoline available in Quebec is sourced 100% from Canadian oil sands and hydraulic fracturing in the United States.
