EV Economics · Ontario
EV Charging Cost in Ontario: 2026 Rates and Real Savings
Charging a typical EV at home in Ontario costs about $303 a year for 20,000 km, versus $2783 for the same distance in an average gas SUV — a 89% fuel saving. Ontario EV owners on time-of-use rates save the most by charging after 7 p.m. — and the Ultra-Low Overnight tier makes Ontario one of the cheapest provinces in Canada to charge an EV.
Ontario electricity rates at a glance
| Rate type | ¢/kWh | Annual cost (20,000 km, avg EV) |
|---|---|---|
| Home — off-peak | 8.7¢ | $303 |
| Home — mid-peak | 12.2¢ | $425 |
| Home — on-peak | 17.2¢ | $599 |
| Public DC fast charge | 35–62¢ | $1,217–$2,156 |
| Gas SUV equivalent | 142¢/L | $2783 |
Rate regime: Time-of-use with an optional Ultra-Low Overnight plan (about 2.8¢/kWh overnight) for EV owners and shift workers. Rates are approximate 2026 residential prices including delivery where flat — check your utility bill for exact figures.
Annual home-charging cost by EV (Ontario)
| Vehicle | kWh/100 km | Annual home cost | vs gas SUV |
|---|---|---|---|
| Tesla Model 3/Y | 15.5 | $270 | −90% |
| Hyundai Ioniq 5 | 17 | $296 | −89% |
| Kia EV6 | 17.2 | $299 | −89% |
| Chevrolet Equinox EV | 17.8 | $310 | −89% |
| Ford Mustang Mach-E | 18.1 | $315 | −89% |
Assumes 20,000 km/year, home charging at the 8.7¢/kWh off-peak rate, and a 9.8 L/100 km gas SUV at 142¢/L.
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How much does it cost to charge an EV in Ontario?
Charging a typical EV (17.4 kWh/100 km) for 20,000 km a year in Ontario costs about $303 at home off-peak rates (8.7¢/kWh), versus roughly $2783 to fuel an average gas SUV at 142¢/litre. That is a 89% saving on fuel.
What is the residential electricity rate regime in Ontario?
Ontario uses time-of-use with an optional ultra-low overnight plan (about 2.8¢/kwh overnight) for ev owners and shift workers. The effective rates used here: 8.7¢/kWh off-peak, 12.2¢/kWh mid-peak, 17.2¢/kWh on-peak.
Is home charging cheaper than public fast charging in Ontario?
Yes. Public DC fast charging in Canada typically costs 35–62¢/kWh — roughly 2 to 4× the 8.7¢/kWh home rate in Ontario. Fast charging is for road trips; home charging is for the daily routine.