Apr 25, 2024
Top picks: most affordable hybrid cars for 2024
Are you shopping for a cheap hybrid car in Canada?
You’re not alone - according to recent data, new zero-emissions vehicle (ZEV) sales have surpassed 10% of overall vehicle sales for the first time in 2023. The exact percentage is 10.8%, and sales have gained momentum with a strong Q4 market share of 12%, following a Q3 market share of 12.3%. So, now is an excellent time to learn about the cheapest hybrid cars in Canada.
Read our guide featuring the most affordable hybrid vehicles to drive this year.
Three main takeaways about cheap hybrid cars:
- Hybrid electric vehicles have internal combustion engines, motors, and batteries. They don't need to be plugged in as the battery is charged by regenerative braking and the internal combustion engine.
- The market for hybrid cars is growing – now you can find trucks, SUVs, and vehicles compatible with fuel and electricity.
- On average, hybrid cars in 2024 will cost between $25,000 and upwards of $75,000.
What’s on this page
What are the cheapest hybrid cars in Canada for 2024?Cheapest hybrid SUVs
Cheapest hybrid trucks in Canada
Cheapest hybrid cars FAQs
What are the cheapest hybrid cars in Canada for 2024?
If you're looking for Canada's most affordable hybrid car options, check out this list of budget-friendly vehicles.
| Vehicle | Fuel Efficiency (L/100km) | Starting MSRP | Premium | Monthly Payment | 2024 Toyota Corolla Hybrid | 4.7 | $26,790 | $2,123 | $177 | 2024 Hyundai Elantra Hybrid | 4.7 | $30,499 | $2,503 | $209 | 2024 Kia Niro | 4.8 | $30,595 | $1,518 | $127 | 2024 Toyota Camry Hybrid | 4.9 | $32,690 | $2,554 | $213 | Toyota Prius Prime | 4.8 | $42,545 | $1,740 | $145 | Kia Niro PHEV EX | 2.3 | $36,754 | $1,725 | $144 | 2024 Hyundai Sonata Hybrid | 8.2 | $30,800 | $2,347 | $196 | 2024 Honda Accord Hybrid | 5.3 | $41,500 | $2,191 | $183 | 2024 Toyota Crown | 7.8 | $51,990 | $2,231 | $186 |
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*Quotes are from 2024 customer data. Drivers with G licence, standard coverage.
Cheapest hybrid SUVs
Is driving an SUV your top choice on the road? Here’s a look at the most affordable hybrid SUVs.
| Vehicle | Fuel Efficiency (L/100km) | Starting MSRP | Premium | Monthly Payment | Hyundai Tucson Plug-in Hybrid | 2.9 | $43,999 | $1,827 | $152 | Mitsubishi Outlander PHEV | 9.1 | $48,198 | $2,413 | $201 | 2024 Toyota RAV4 Hybrid | 6.0 | $35,950 | $2,280 | $190 | 2024 Toyota Corolla Cross | 7.3 | $27,650 | $2,437 | $203 | 2024 Kia Sportage Hybrid | 8.3 | $30,245 | $2,088 | $174 | 2024 Kia Sorento Hybrid | 6.8 | $36,990 | $2,124 | $177 | 2024 Hyundai Tucson Hybrid | 9.1 | $34,199 | $1,788 | $149 |
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*Quotes are from 2024 customer data. Drivers with G licence, standard coverage.
Cheapest hybrid trucks in Canada
You may wonder if a hybrid or electric truck is worth the investment. Hybrid powertrains provide increased power and improved fuel economy to pickup trucks. While hybrid technology was developed initially for more fuel-efficient cars, it has become a popular option in the pickup truck market.
| Vehicle | Fuel Efficiency (L/100km) | Starting MSRP | Premium | Monthly Payment | 2024 Ford Maverick | 6.3 | $33,100 | $1,578 | $132 | 2024 Ram 1500 | 10.8 | $51,820 | $2,041 | $170 | 2024 Toyota Tundra Hybrid | 11.7 | $73,390 | $1,769 | $147 | 2024 Ford F-150 PowerBoost Hybrid | 10.4 | $49,955 | $1,808 | $151 | 2024 Toyota Tacoma Hybrid | 9.8 | $46,950 | $2,038 | $170 |
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*Quotes are from 2024 customer data. Drivers with G licence, standard coverage.
Affordable coverage for your hybrid is just around the corner
In a few minutes, zap your way through multiple hybrid car insurance quotes from Canada's leading providers.
Cheapest hybrid cars FAQs
The Toyota Corolla Hybrid is the cheapest hybrid in Canada for 2024. It also has high efficiency - 4.7 L/100 km in combined driving environments. City and highway numbers are 4.4 and 5.1. The 2024 Toyota Corolla Hybrid has four trim levels: L-Line LE CVT, L-Line LE CVT AWD, S-Line XSE CVT, and S-Line XSE CVT AWD. The pricing ranges from $26,790 to $34,850 MSRP. The entry-level L-Line LE CVT model starts at $26,790, and the top-of-the-line S-Line XSE CVT AWD is priced at $34,850.
Toyota is becoming the most affordable hybrid car company in the country. The base model of the Toyota Corolla Hybrid starts at $26,790.
While plug-in hybrids have a higher initial cost, they can result in lower lifetime fuel expenses than full hybrids. Depending on your driving needs, budget, and incentives, you can calculate the pros and cons of buying a hybrid or PHEV.
For 2024, the cheapest SUV hybrid is the Kia Niro. The base model starts at $33,183, and you can choose between a plug-in hybrid version and a battery electric vehicle (BEV).
Plug into the long-term benefits of hybrid vehicles this year
While comparing options for a cheap hybrid vehicle this year, don’t forget to browse your options for more affordable car insurance. It’s also a good idea to learn how to charge an electric vehicle and what to expect with costs and the process.
Buying a hybrid car depends on your unique driving needs, habits, and environmental priorities. Weighing the pros and cons of buying a hybrid car in Canada can help determine whether a hybrid vehicle fits your budget.
