this post was submitted on 17 Mar 2026
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That's because you are looking only at up front cost rather than total cost of ownership.
A gas car will cost more than $45k in gasoline over its life.
An EV in most parts of Canada will cost less than $10k over the same distance for electricity.
That $45k EVs is already significantly cheaper than an equivalent gas car. This has been true for a while now.
If you drive enough, it can even be cheaper per month while paying for the car. A $600 per month EV payment with $100 a month electrical cost is the same price as a $300 car payment with $400 in gas costs. Then the moment you pay the car off you're saving $300 a month for the rest of its life.
If all you do is commute 10km a day, Yea don't go buy a brand new EV, but you shouldn't be buying a brand new gas car for that either.
The problem is that once you get into lifetime costs the variables go through the roof and any numbers you come up with are almost meaningless to anyone but yourself. (Not to mention needing to calculate increasingly volatile energy prices over decades) I tried to do a bit of basic math. I calculated with BC Hydro home rates at $0.12/kwh and fast charger rates at $0.40/kwh, and with gas at its (local) year low of $1.40/L as well as rounding up to $2/L. I also am taking my basic search for efficiency data at face value.
Cost/100km
Kia Niro EV ~17kwh/100km = $2.04 home $6.80 fast charger
Hyundai Kona ICE ~7.5L/100km combined = $10.50-$15
Nissan Leaf ~18.9kwh/100km = $2.27 home $7.56 fast charger
Nissan Versa ~6.8L/100km = $9.52-$13.60
There's no doubt there are many people saving tons by driving an EV, just as I have no doubt many people will never break even (and if they're ok with that I have no issues).