Which federal EV rebate applies in Canada right now?

The iZEV program has ended. It was replaced by the Electric Vehicle Affordability Program (EVAP), live since February 16, 2026, offering up to $5,000 for battery-electric and hydrogen fuel cell vehicles and up to $2,500 for plug-in hybrids. Two conditions must both be met: the final transaction value must be $50,000 or less (no cap for EVs assembled in Canada), and the vehicle must be manufactured in Canada or a country with an active free trade agreement with Canada.

Why is the Tesla Model 3 not eligible for Canada's EV rebate?

Canadian-market Tesla Model 3s are built at Giga Shanghai, and China does not have a free trade agreement with Canada. EVAP requires manufacture in Canada or a free-trade-agreement country, so the Model 3 is ineligible even at $39,490, well below the $50,000 cap. The Tesla Model Y, imported from Giga Berlin in Germany, does qualify. Quebec's provincial rebate has no free-trade requirement and still applies to the Model 3.

Does Ontario have its own EV rebate?

No. Ontario's provincial EV purchase rebate ended in 2018 and has not been reinstated. Only the federal EVAP incentive applies in Ontario, plus any dealer or manufacturer incentives on your specific deal.

How much does it cost to charge an EV in Ontario?

On Ontario's Ultra-Low Overnight rate of 3.9 cents per kWh, a typical electric SUV costs roughly $1.32 per 100 km. The same vehicle on a public fast charging network at $0.69 per kWh costs about $13.66 per 100 km. Comparable gasoline SUVs cost roughly $10 to $15 per 100 km.

Do EV batteries need replacing?

Rarely. Geotab's study of more than 22,700 real-world EVs found batteries degrade about 2.3% per year, retaining roughly 81.6% of capacity after 8 years, above the 70% threshold most manufacturer warranties guarantee. Only about 0.5% of modern EVs ever need a replacement pack.

Is EV insurance more expensive in Canada?

On average yes, roughly 36.8% more. Canadian data shows EVs average $3,131 per year versus $2,289 for gasoline vehicles, driven by higher repair costs, parts availability, and ADAS recalibration. Premiums vary widely by model, so quote your specific trim before buying.

How much does an EV actually save vs a gas car in Canada?

For a Ford Mustang Mach-E against a Toyota RAV4 Hybrid, the model shows $11,940 saved over 10 years at 20,000 km/year, breaking even in year 2. Your own numbers will differ by vehicle, driving distance, and rebate eligibility.

EV vs gas cost example

A worked 10-year comparison using real Canadian vehicles and Ontario rates - purchase price after EVAP, energy, maintenance, and insurance - then open the calculator and change every input.

Worked example: Ford Mustang Mach-E vs Toyota RAV4 Hybrid

At 20,000 km/year over 10 years, on Ontario's blended Ultra-Low Overnight rate and the current Ontario average gas price:

EV all-in price: $48,640
Gas all-in price: $40,080
10-yr EV savings: $11,940
Break-even: Year 2

Uses the federal EVAP rebate ($5,000), Surex national average insurance, and CAA-sourced maintenance savings. Full methodology and every source is shown on the calculator itself.

Run this exact comparison

What this calculator includes (and what it doesn't)

Included: net purchase price after federal/provincial rebates and any dealer incentive you enter, energy or fuel cost per 100 km, annual maintenance, annual insurance - compounded monthly over your chosen ownership horizon.
Not included: depreciation/resale value and financing interest. Depreciation matters most if you plan to sell within five years - EVs have historically depreciated faster than gas vehicles in Canada.
Customizable: every input - vehicle price, annual distance, energy/fuel cost, maintenance, insurance, and rebates - can be changed on the full calculator to match your actual deal instead of the default assumptions.

Official source · Verified Sep 2026 Independent analysis · Verified Sep 2026

Worked example uses default Ontario rates and the Ford Mustang Mach-E vs Toyota RAV4 Hybrid pairing. Change any input on the full calculator to match your deal.