Welcome to Drive Tesla’s monthly look at the best EV deals in Canada, where we track the cheapest electric vehicles on the market along with the biggest manufacturer discounts available to Canadian buyers.
For October, there are 10 EVs available for around $40,000 or less before tax once current manufacturer offers and the federal Electric Vehicle Affordability Program (EVAP) are factored in. There are also some unusually large discounts elsewhere in the market as automakers look to move 2026 inventory before the end of the year.
Leading the affordability list is the 2026 Fiat 500e Pop. Stellantis is offering an $8,000 discount, dropping its $42,290 selling price to $34,290. After accounting for the $5,000 EVAP rebate, which is applied after tax, its effective pre-tax price works out to $29,826.
The incoming 2027 Nissan LEAF S is next at $33,541 after EVAP. Nissan isn’t offering a discount, but its $34,998 MSRP makes it the lowest-priced EV in Canada before incentives.
The 2027 Kia EV3 Light FWD comes in at roughly $35,319 after EVAP, while Kia’s larger EV4 lands at approximately $37,022.
Chevrolet also has two entries. The 2027 Bolt LT comes in at roughly $39,045 after EVAP, while current incentives on the 2027 Equinox EV LT FWD bring GM’s Ontario cash price down to $39,723.
Toyota’s C-HR and bZ, along with the Kia Niro EV and Hyundai Kona Electric, round out the 10 EVs available around the $40,000 mark, helped by discounts ranging from $2,000 to $5,000.
Bigger EV discounts for October
Buyers willing to spend more also have some substantial incentives to consider this month.
Honda is offering $12,000 in Customer Incentive Dollars on the 2026 Prologue EX, EX-L and Touring, deducted after taxes and available on cash, finance and lease purchases through November 2.
Hyundai’s Ioniq 5 Preferred Long Range receives $5,000 before tax through November 2.
Kia is offering a $6,000 Fall Bonus after tax on the 2026 Niro EV Wave, while the Wind receives $4,000. Toyota is offering $10,000 after tax on the 2026 bZ Limited and $7,000 on the 2026 bZ Woodland, both through November 2.
Nissan is offering a $10,000 cash purchase discount, taken off before tax, on the Rogue PHEV. Ford’s 2026 Mustang Mach-E Select AWD receives a $1,500 delivery allowance, with its lease example dropping from a $48,090 MSRP to $42,126 after that allowance and EVAP.
Where does Tesla fit?
Notably absent from the EVAP-supported list is Tesla’s cheapest vehicle. The Shanghai-built Model 3 Premium RWD starts at $39,490, but doesn’t qualify for the federal incentive because of EVAP’s country-of-origin requirements. Tesla’s Model Y RWD, which is built in Germany for Canada, does qualify.
October could also be one of the better months to take advantage of these prices. EVAP currently provides up to $5,000 toward an eligible battery-electric vehicle, but that amount drops to $4,000 on January 1, 2027.
Related guides
- EV Rebates in Canada (2026): Calculator and Which EVs Qualify
- Buying a Tesla in Canada
- EV Charging Rewards in Canada (2026): Get Paid to Charge at Home
- Tesla Supercharger Prices in Canada
- Tesla Supercharger Cost Calculator
- Canadian Supercharger Map
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