Are high gas prices keeping you feeling down? Maybe it’s time to consider an electric vehicle.

Several automakers are offering big discounts on their brand-new electric vehicles this month.

These July 2026 discounts are so sweet that once you include Canada’s EV rebate, these vehicles can be purchased for below $41,000 (before tax).

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

We also include the price with the Electric Vehicle Affordability Program (EVAP) rebate. Eligible vehicles purchases receive an after-tax rebate of up to $5,000, equivalent to a before-tax discount of $4,425 in provinces with a sales tax rate of 13 per cent. As this blog is based in Ontario, where sales tax is 13 per cent, we’ll use the $4,425 rate to calculate the final starting advertised purchase price with the EVAP rebate.

Let’s begin.

2026 Hyundai Kona Electric

Regular starting price: $46,936 (MSRP of $43,999)

June discount: $2,000 = $44,936

Price with EVAP: $40,511

The Kona Electric SUV has a range rated at 420 kilometres and comes loaded with standard features such as adaptive cruise control with traffic stop and go, blind-spot collision warning, driver attention warning, forward collision-avoidance assist with pedestrian, cyclist, junction-turning and direct-oncoming detection, and high beam assist, as well as comfort features, including a standard heated steering wheel and a 12.3-inch infotainment screen with navigation.

Build yours on the Hyundai Canada website.

2026 Kia Niro EV

Regular starting price: $48,021 (MSRP of $45,595)

July discount: $3,000 = $45,021

Price with EVAP: $40,596

The Niro is available as a hybrid and as an EV. The EV has a range rated at 407 kilometres on a single charge. The car comes with a host of safety features, including rear cross-traffic collision avoidance assist, lane keep and follow assist, and blind-spot collision avoidance assist, as well as tech features including a 10.25-inch driver screen and a 10.25-inch multimedia screen. There’s an available heat pump, which can warm up the battery to preserve driving range in cold winter weather.

Build yours on the Kia Canada website.

2026 Toyota bZ

Regular starting price: $49,121 (MSRP of $45,990)

July discount: $4,425 = $44,696

Price with EVAP: $40,271

Toyota’s electric compact SUV has received a makeover for 2026 and a new, abridged name (formerly bZ4X). The new bZ gets a base model with a front-wheel-drive powertrain with 168 hp and 380 kilometres of range, while higher-up grades get a more powerful all-wheel-drive setup and range up to 468 kilometres. The bZ gets a 14-inch centre screen, connected services, three USB charge ports, dual 15-watt wireless phone charging docks, a 1,500-watt A/C outlet with deck plug, Toyota Safety Sense 3.0, and more.

Build yours on the Toyota Canada website.

2026 Chevrolet Equinox EV

Regular starting price: $49,642 (MSRP of $46,199)

July discount: $6,000 = $44,642

Price with EVAP: $39,218

The base model of Chevrolet’s compact electric SUV with a front-wheel-drive powertrain is estimated to go 513 kilometres on a single charge. Standard features include 19-inch aluminum wheels, a 17.7-inch infotainment screen with Google built-in compatibility, 11-inch driver screen, heated front seats and steering wheel, adaptive cruise control and a host of advanced safety features.

Build yours on the Chevrolet Canada website.

2026 Toyota C-HR

Regular starting price: $48,031 (MSRP of $44,900)

July discount: $4,425 = $43,606

Price with EVAP: $39,181

The newly launched C-HR subcompact SUV has a 77-kWh capacity lithium-ion battery. The base model with a 221-hp front-wheel-drive powertrain has an estimated 496 kilometres of range, while moving up to the dual-motor 338-hp all-wheel-drive version reduces range, between 438 and 452 kilometres depending on trim.

Build yours on the Toyota Canada website.

2025 VinFast VF 8

Regular starting price: $56,735 (MSRP of $53,600)

July cash discount: $14,000 = $42,735

Price with EVAP: $38,310

VinFast Canada is offering a steep cash discount on the 2025 model year of the VF 8 Eco with a slightly smaller finance discount of $13,000 also available. The VF 8 is the automaker’s compact SUV with the Eco model featuring a powertrain with 349 hp and an estimated range of 412 kilometres. The 2026 VF 8s are also available but with a smaller discount.

Build yours on the VinFast Canada website.

2026 Kia EV4

Starting advertised price: $41,447 (MSRP of $38,995)

Price with EVAP: $37,022

The Kia EV4, which is Canada’s lowest priced EV, needs no discount to make this list. The electric car comes with battery capacities of 58.3 kWh and 81.4 kWh. The base model with the smaller battery gets a driving range of 391 kilometres while the versions with the larger battery get 488 to 552 kilometres, depending on trim (cheaper = more range). The car has a widescreen display measuring nearly 30 inches with wireless Apple CarPlay and Android Auto connectivity, heated front seats, dual-zone automatic temperature control with rear A/C vents, acoustic windshield, and more.

Build yours on the Kia Canada website.

2026 Subaru Uncharted

Regular starting price: $45,827 (MSRP of $42,995)

July discount: $5,000 = $40,827

Price with EVAP: $36,402

The Subaru Uncharted is a newly launched subcompact SUV, and a mechanical twin of the upcoming Toyota C-HR. The base model gets you front-wheel drive and an estimated driving range of 399 kilometres. The Uncharted is available with front-wheel-drive and all-wheel-drive configurations with the FWD long-range model promising up to 480 kilometres of range. Stepping up to the long-range model will cost an extra $4,000 over the above noted price. You can also go for all-wheel-drive models, which pack 338 hp.

Build yours on the Subaru Canada website.

2027 Chevrolet Bolt

Regular starting price: $43,692 (MSRP of $39,999)

July discount: $3,800 = $39,892

Price with EVAP: $35,468

The revived Chevrolet Bolt has returned for the 2027 model year and is already available. The new Bolt is a subcompact SUV with a similar outward appearance to the old one, but it comes with new drive technology, with more power, range and faster charging, including a native NACS port. The front-wheel-drive powertrain gets 210 hp and driving range is estimated at 410 kilometres. The little EV also gets an 11-inch driver display and a 11.3-inch centre touchscreen and other tech and comfort features.

Build yours on the Chevrolet Canada website.

2026 Fiat 500e

Regular starting price: $42,290 (MSRP of $39,995)

July discount: $8,000 = $34,290

Price with EVAP: $29,865

You read the discount price correctly. Fiat Canada is really shaving $8,000 off what is already one of Canada’s cheapest EVs. The Fiat 500e is a small four-seater that comes loaded with tech, including a Uconnect 5 NAV multimedia system featuring a 10.25-inch touchscreen, a seven-inch driver display and more. The car has an estimated 227-kilometre driving range.

Build yours on the Fiat 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.

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