Blog > Going Green on a Budget: How to Find Cheap EVs in Toronto

Going Green on a Budget: How to Find Cheap EVs in Toronto

The issue of climate change has been a hot topic for years, and it has become increasingly important to take necessary steps to reduce our carbon footprint. One of the ways to do this is by switching to an electric vehicle, which runs on electricity instead of gasoline, emitting fewer greenhouse gases. However, buying an EV can be prohibitive for many people. This article will explore how you can find cheap EVs in Toronto without breaking the bank. We’ll provide tips on negotiating the best deal, financing options available, and saving money on EV charging.

The cost of electric vehicles compared to traditional vehicles

Electric vehicles have become increasingly popular as more people aim to reduce their carbon footprint. While they are known for their environmental benefits, the cost of purchasing an electric vehicle can be a significant investment. The initial price of an EV is generally higher than that of a traditional gasoline-powered vehicle. This is because of the expensive batteries and technology required to manufacture an electric vehicle.

However, it is essential to note that the savings on fuel costs, maintenance, and repair costs can offset the cost of an electric vehicle. Electric vehicles are cheaper to maintain than gasoline-powered vehicles because they have fewer moving parts. Also, the cost of electricity is relatively lower than gasoline, which means you will save money on fuel costs.

Tips for negotiating the best price.

If you’re looking to purchase an electric vehicle on a budget, knowing how to negotiate the best price is essential. Here are some tips to help you with your negotiation:

Do your research.

Before negotiating the price of an electric vehicle, you need to do your research. Research the make and model of the vehicle you want to purchase and compare prices from different dealerships. This way, you’ll know the average cost of the car and can use this information to negotiate a better deal.

Be prepared to walk away.

When negotiating the price of an electric vehicle, it’s crucial to be prepared to walk away. Sometimes, dealerships will refuse to budge on the price of the car. If this happens, it’s best to walk away and look for another dealership willing to negotiate.

Keep your budget private.

When negotiating, don’t reveal your budget to the dealership. If they know your budget, they might sell you a car at the top of your budget. Instead, negotiate based on the price of the vehicle and not your budget.

Financing Options for EVs

If you’re looking to purchase an electric vehicle, several financing options are available to help you get the car you want. works with multiple lenders to get you the best rates and fastest financing approval. All you have to do to get started is answer a few simple questions to determine if you qualify for a loan without impacting your credit score. 

Government Incentives

The government offers some incentives to people who purchase electric vehicles, such as tax credits and rebates. These incentives vary from province to province, so research the incentives available in your area.

How to save money on EV charging

If you’re looking to save money on EV charging, there are several ways to do so. Here are some tips to help you save money on EV charging:

Charge during off-peak hours

Electricity rates are lower during off-peak hours, which means you can save money on charging your electric vehicle. Charge your EV during off-peak hours to save money on your electricity bill.

Look for free charging stations.

Many businesses offer free charging stations for electric vehicle owners. Look for free charging stations in your area to save money on EV charging.

Install a home charging station.

Installing a home charging station can save you money on EV charging. Home charging stations are more cost-effective than public charging stations, and you can charge your vehicle at your convenience.


Looking for a cheap electric vehicle in Toronto is possible, even on a budget. You can purchase an electric vehicle that meets your needs without breaking the bank by negotiating the price, financing options and saving money on EV charging. Electric vehicles are an investment in the future, and the environmental benefits are worth the cost. By taking the necessary steps to reduce your carbon footprint, you’re not only helping the environment but also saving money in the long run.