Question 1

What costs are included in the TCO calculation?

Accepted Answer

Our calculator includes 5 main cost categories over 5 years: purchase price (with financing), energy (electricity for EVs, gas for ICE), maintenance, insurance, and depreciation. It also factors in available government incentives for EVs.

Question 2

Why are Chinese EVs cheaper to own than gas cars?

Accepted Answer

Chinese EVs offer a lower total cost of ownership thanks to: 1) competitive purchase prices (BYD Seagull starts under $25,000), 2) electricity costs 3-5x less than gas per km, 3) 60-75% lower maintenance costs (fewer moving parts, no oil changes), and 4) EV-specific incentives like Quebec's Roulez vert ($2,000).

Question 3

How accurate is this calculator?

Accepted Answer

This calculator provides estimates based on Canadian averages for insurance, maintenance, and depreciation rates. Actual costs vary by driving habits, location, and individual circumstances. Energy costs use real provincial electricity and gas prices. For the most accurate comparison, adjust the sliders to match your specific situation.

Question 4

Do Chinese EVs qualify for Canadian incentives?

Accepted Answer

Chinese-built EVs are NOT eligible for the $5,000 federal EVAP rebate (no free-trade agreement with China). However, provincial programs like Quebec Roulez vert ($2,000) have no country-of-origin restriction, so Chinese EVs qualify. Our calculator automatically applies the correct incentives based on the vehicle's origin.

Calculateur du coût total de possession VÉ