That’s because you are looking only at up front cost rather than total cost of ownership.

A gas car will cost more than $45k in gasoline over its life.

An EV in most parts of Canada will cost less than $10k over the same distance for electricity.

That $45k EVs is already significantly cheaper than an equivalent gas car. This has been true for a while now.

If you drive enough, it can even be cheaper per month while paying for the car. A $600 per month EV payment with $100 a month electrical cost is the same price as a $300 car payment with $400 in gas costs. Then the moment you pay the car off you’re saving $300 a month for the rest of its life.

If all you do is commute 10km a day, Yea don’t go buy a brand new EV, but you shouldn’t be buying a brand new gas car for that either.

The Nissan Leaf and Kia Niro EV both exist. They aren’t quite Honda fit small, but they are compact ev hatchbacks that are nowhere near luxury. Under $50k brand new and do the job just fine.

I’ve put 140,000km on my Niro EV in the last four years, dragging my kids to sports and driving to work.