Multiple car companies are sweetening the deal on electric vehicles in Canada this month.

Below, we explore some of the biggest EV discounts available (at least $5,000 off regular price) through March 2026. There are discounts on 2025 and 2026 model year EVs. Some offers may be regional so check the automaker’s website or a local dealership to make sure the offer is available in your area.

We’re not including EV discounts from high-end brands on this list.

The prices listed in this article include the manufacturer’s suggested retail price plus estimated fees and levies. Fees, levies and selling price may vary by location.

Some of the offers below bring the vehicles’ starting prices to below $50,000, to help the qualify for Canada’s new $5,000 Electric Vehicle Affordability Program rebate. The rebate is available on vehicles with a final price no greater than $50,000, unless it’s assembled in Canada, then there’s no limit. The vehicle must be made in Canada or in a country with which Canada has a free-trade agreement with to qualify for the EVAP rebate.

2025 model year discounts

We’ll start with available discounts on 2025 model year EVs.

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 31.

For details, visit the VW Canada website.

VinFast VF 8

Cash purchase discount: $14,000

Cash purchase starting price: $42,474

Financing purchase discount: $13,000

Financing starting price: $42,978

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

For details, visit the VinFast Canada website.

VinFast VF 9

Cash purchase discount: $13,000

Cash purchase starting price: $64,765

Financing purchase discount: $12,500

Financing starting price: $64,668

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.

Ford Mustang Mach-E

Purchase discount: $12,000 and up

Discounted starting price: $43,690

Ford Canada is offering huge discounts on remaining 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).

The discount grows depending on trim. The base Select trim has a $12,000 offer; the next-up Premium model has a $14,000 offer; and the GT and Rally models have a $15,000 offer.

For details, visit the Ford 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. Just 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 is practically giving away 500e electric cars; however, the automaker says inventory is limited on 2025 models, so the car may not be available everywhere.

The company has a $5,000 after-tax discount and a $6,000 before-tax discount for a total of $11,000.

Add Canada’s $5,000 rebate to that and you’re looking at a starting price of $26,290.

Don’t expect the deal to last long as the 2026 Fiat 500e models should arrive soon.

For details, visit the Fiat Canada website.

Hyundai Ioniq 6

Purchase discount: $11,000 and up

Discounted starting price: $46,790

Hyundai’s premium electric sedan, the Ioniq 6, has a serious discount that puts it well in place to qualify for Canada’s EV rebate.

The $11,000 discount is on the base model. Moving up to the Preferred Long Range model raises the discount to $12,000, and if you select the $6,600 Ultimate Package option, the discount climbs to $16,000.

For details, visit the Hyundai 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. That gives the 2025 Blazer EV a starting price of less than $50,000. 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.

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 on the midsize two-row SUV.

These incentives are advertised until March 31.

For details, visit the Jeep Canada website.

Chevrolet Equinox EV

Purchase discount: $6,000

Discounted starting price: $42,442

Chevrolet Canada has a pair of discounts adding up to $6,000 for the Equinox EV.

Once you add Canada’s EV rebate, that brings the starting price on 2025 Equinox EVs to less than $40,000.

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 31.

For details, visit the VW Canada website.

Hyundai Ioniq 5

Purchase discount: $5,000

Discounted starting price: $50,926

Hyundai Canada has a special offer on 2025 Ioniq 5 models that brings the starting price just a little over $50,000. The discount is also available on the Ioniq 5 N.

For details, visit the Hyundai Canada website.

2026 model year discounts

A few car brands also have large 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 a $6,500 discount on the Solterra, which was updated for 2026.

The offer is advertised until March 31.

For details, visit the Subaru Canada website.

Nissan Ariya

Purchase discount: $6,000

Discounted starting price: $49,832

Nissan Canada has a $6,000 discount on the Ariya, the company’s premium compact electric SUV. That puts the base SV model below $50,000; however, the automaker’s website says the base model has limited availability, so buyers may want to consider the next model up, the SL, which with the discount comes to just under $51,000.

For details, visit the Nissan Canada website.

Toyota bZ

Purchase discount: $5,000 and up

Discounted starting price: $44,111

Toyota Canada has discounts available on the bZ, which was updated for 2026.

The XLE FWD and XLE AWD models get an after-tax $5,000 discount while the Limited AWD trim has a $10,000 offer.

These offers are advertised until March 31.

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.

If we become aware of any other noteworthy EV discounts available in March 2026, we’ll update this article.

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