Canada's 5 Best Cheap Electric Vehicles for 2027

Not only are these sub-$50,000 all-electrics relatively affordable, they're also packed with great technology and features. With the federal EVAP rebate of up to $5,000 continuing through 2031 and several provinces offering additional incentives, the effective price for Canadian buyers drops even further.

1. Chevrolet Equinox EV (Refreshed) — Starting ~$41,000

The Equinox EV returns for 2027 with a mid-cycle refresh that adds standard heat pump, improved charging curve, and a new base LT trim with LFP battery chemistry. GM's Ultium platform delivers an estimated 400+ km of range on the base model, and the Equinox qualifies for the full $5,000 federal rebate plus provincial incentives in Quebec and B.C. Production at the CAMI plant in Ingersoll, Ontario means no import tariff exposure.

2. Hyundai IONIQ 5 (Refresh) — Starting ~$44,000

Hyundai's popular crossover gets a 2027 refresh with a larger 84 kWh battery pack as standard, NACS port, and updated infotainment with native Google integration. The base RWD trim targets 450 km of WLTP range. Built in Georgia, USA, it qualifies for the federal rebate and avoids the Chinese-EV import quota. Hyundai Canada has confirmed the refresh arrives in spring 2027.

3. Mitsubishi Eclipse Sportback — Starting ~$46,000

Mitsubishi's long-awaited return to the EV market arrives on a Nissan-derived platform shared with the Ariya. The Eclipse Sportback is a coupe-SUV with two battery options (63 kWh / 87 kWh) and an estimated 400–500 km of range. First Canadian deliveries are slated for mid-2027. The five-seat layout and Mitsubishi's 10-year/160,000 km powertrain warranty make it a compelling value play.

4. Kia EV4 — Starting ~$38,000 (est.)

Kia's new entry-level sedan slots below the EV6 and targets the compact segment with a sleek fastback design. Two battery sizes (58 kWh / 81 kWh LFP) offer up to 480 km of range. The EV4 rides on the E-GMP platform with 800V architecture for fast charging. Canadian pricing and launch timing are unconfirmed but expected in late 2027.

5. Volvo EX30 — Starting ~$48,000

The EX30 remains the most affordable Volvo EV, built in China on Geely's SEA platform. The Single Motor Extended Range RWD delivers 480 km of WLTP range and 0–100 km/h in 5.3 seconds. Volvo Canada has confirmed continued availability through 2027 despite the Chinese-EV import quota — the EX30's volumes fall within the 49,000-unit annual allowance at the reduced 6.1% tariff rate.

Quick comparison table

All five models qualify for the federal $5,000 EVAP rebate (BEV tier). Quebec buyers can stack an additional $7,000 provincial rebate; B.C. offers up to $4,000. With incentives applied, several of these vehicles drop into the low-$30,000 range — competitive with gas-powered compact SUVs.

Canadian deliveries for most models begin in the first half of 2027. Pre-order books for the Equinox EV and IONIQ 5 refresh are expected to open in early 2027.

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