The year is still young but already several car companies have deep discounts on electric vehicles in Canada.

Below, we explore some of the biggest EV discounts available through February 2026. There are discounts on 2025 and 2026 model year EVs. Just be aware, some offers below may be regional.

2025 model year discounts

We’ll start with available discounts on 2025 model year EVs since these tend to be quite a bit bigger.

Volkswagen ID. Buzz

Cash purchase discount: $21,00

Cash purchase starting price: $59,642

Financing purchase discount: $6,000

Financing starting price: $74,710

Volkswagen’s retro-style electric minivan (pictured up top) is heavily discounted, particularly if you are making a cash purchase or come with your own financing.

The automaker is also offering a $6,000 lease discount plus zero per cent interest for 48-month leases.

These offers are advertised until March 2.

For details, visit the VW Canada website.

VinFast VF 9

Cash purchase discount: $13,000

Cash purchase starting price: $64,070

Financing purchase discount: $12,500

Financing starting price: $64,669

VinFast Canada has offers on the VF 9 (photo not available), its six- or seven-seat SUV, that put it among the lowest price three-row EVs in Canada. The company’s website also shows 2024 model year VF 9s available with their own deals.

Keep in mind, VinFast has sales centres only in certain provinces.

For details, visit the VinFast Canada website.

Honda Prologue

Purchase discount: $12,000

Discounted starting price: $51,179

Honda Canada has a $12,000 customer incentive on its compact electric SUV, which is available for purchases or leases. Jut be aware that the 2025 Prologue is only available at select dealerships in Quebec, Ontario and British Columbia.

For details, visit the Honda Canada website.

Fiat 500e

Purchase discount: $11,000

Discounted starting price: $31,290

Fiat Canada has a deep discount on what had already been the cheapest electric vehicle in Canada for 2025.

The company offers two separate discounts on lease and purchase offers on the 2025 500e.

For cash or financing purchases, it offers a $5,000 after-tax discount and a $6,000 before tax discount for a total of $11,000. With those discounts, what would normally be a starting price of $42,290 (fees and levies included) comes to a price of $31,290.

For leasing, the company offers a $5,000 after-tax discount and a $8,500 before-tax discount fora total discount of $13,500. With an advertised lease rate of 1.99 per cent for 48 months, that puts that starting lease costs to $62 per week.

These offers are advertised until March 2.

For details, visit the Fiat Canada website.

Ford Mustang Mach-E

Purchase discount: $11,000

Discounted starting price: $44,690

Ford Canada is offering an $11,000 rebate on all 2025 Mustang Mach-E electric SUVs plus a complimentary Ford home charger with standard installation (or a bonus $1,000 if you skip the charger).

For details, visit the Ford Canada website.

Chevrolet Blazer EV

Purchase discount: $10,000

Discounted starting price: $47,942

Chevrolet Canada is offering a non-stackable cash delivery allowance of up to $10,000 on the Blazer EV midsize electric SUV. The Blazer is available in FWD, RWD and AWD varieties and various power outputs, including the top dog SS model with 615 hp.

For details, visit the Chevrolet Canada website.

VinFast VF 8

Cash purchase discount: $10,000

Cash purchase starting price: $45,780

Financing purchase discount: $9,000

Financing starting price: $46,879

VinFast has offers on the VF 8 (photo not available), its five-seat electric SUV, that bring its starting price to below $50,000. Keep in mind, VinFast has sales centres only in certain provinces.

For details, visit the VinFast Canada website.

Jeep Wagoneer S

Purchase discount: $8,000

Discounted starting price: $77,790

Jeep Canada has a discount on its premium electric SUV, the Wagoneer S.

The company is offering a before-tax discount of $8,000 for cash or finance purchases as well as leases on this midsize two-row SUV.

These incentives are advertised until March 2.

For details, visit the Jeep Canada website.

Chevrolet Equinox EV

Purchase discount: $7,000

Discounted starting price: $41,442

Chevrolet Canada has a $7,000 non-stackable cash delivery allowance on purchases or leases of the Equinox EV.

For details, visit the Chevrolet Canada website.

Volkswagen ID.4

Purchase discount: $5,000

Discounted starting price: $46,410

Volkswagen’s other EV available in Canada is also discounted as the company tries to offload 2025 models.

The $5,000 discount is available on cash and financing purchase offers and on leases. There’s also a lease offer of zero per cent for 48 months.

These offers are advertised until March 2.

For details, visit the VW Canada website.

2026 model year discounts

A few car brands also have discounts available on this year’s EVs. You can check out the 2026 model year discounts available in February.

Subaru Solterra

Purchase discount: $6,500

Discounted starting price: $48,827

Subaru Canada has an offer that is available on purchases as well as on leases of the Solterra, which was updated for 2026.

The offer is advertised until March 2.

For details, visit the Subaru Canada website.

Toyota bZ

Purchase discount: $4,000

Discounted starting price: $45,067

Toyota Canada also has a $4,000 that is available on purchases and leases of the bZ, which was updated for 2026.

The offer is advertised until March 2.

For details, visit the Toyota Canada website.

NOTE TO READERS: Some of the offers mentioned above may be regional and not necessarily available everywhere. Check the automaker’s website for offers near you, or speak with your local dealer.

This article was updated Feb. 9, 2026, to include details of a Chevy Blazer EV discount offer. If we become aware of any other noteworthy EV discounts available in February 2026, we’ll update this article.

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