FILE - Unsold 2024 Cooper SE electric hardtop sits on a charger at a Mini dealership Sunday, March 3, 2024, in Highlands Ranch, Colo. found that it’s actually cheaper to own an EV than an internal combustion engine vehicle in some parts of the country, and Ontario is far from the top of the list.
The research found that in Ontario, it would cost about $11,000 more to own an EV in that seven-year time frame. Among the 10 provinces and three territories, Quebec was ranked as the cheapest place to own an EV due to what the researchers identified as high purchase subsidies and low electricity prices.
However, the biggest factor standing in the way of cost effective EV ownership in Ontario is a lack of rebates. Nunavut was ranked as the least optimal place in Canada to own an EV, where drivers would need to travel 180 kilometres a day for the switch to make sense.