How Does EV Pricing In Canada Compare To The Rest Of The World?

• Canada and the US are easily in the top 10 cheapest places to buy an EV
• EV is some areas are more than three times more expensive.
• There are 5 million EVs on the road worldwide.

Now, we’ve all read and seen for ourselves that electric cars and SUVs are, for the moment at least, more expensive than comparable ICE vehicles. Be that as it may, pricing for these EVs is not equal or even in every market. A UK-based company selected the Nissan LEAF, the world’s most popular EV (now) and priced it in 49 countries around the Globe. It seems as though the LEAF is quite affordable in Canada.

Compare the Market offers independent and impartial comparison on car and home insurance products, pricing on various items and more. This exercise concentrates on the pricing, in US dollars, of a new Nissan LEAF. Compare the market looked up manufacturer’s suggested retail prices on official Nissan website in each country in February 2020. Some prices include local government incentives, which is not the case for the US price.

The Canadian price is off by $2,000 CDN (as of writing the story), but even once converted to US dollars, Canada remains in the Top 10. Either way, the price also does not take into consideration Federal and Provincial incentives.

These numbers are lifted directly from the Compare The Market press release and should be considered as serving only for ranking:

10 cheapest countries to purchase an EV:

1. Spain – $28,620
2. Réunion – $28,730
3. Portugal – $29,702
4. Poland – $30,680
5. Japan – $30,703
6. Norway – $31,439
7. United States – $31,600
8. Canada – $31,893
9. France – $32,487
10. Republic of Ireland – $33,028

10 most expensive countries to purchase an EV:

1. Singapore – $110,326
2. Thailand – $64,675
3. Argentina – $61,600
4. Taiwan – $50,362
5. Malaysia – $46,655
6. Israel – $45,757
7. Brazil – $45,630
8. Costa Rica – $42,500
9. Finland – $42,211
10. Sweden – $41,288

(Currency in USD)