Affordability of popular gas, electric and hybrid cars

Grey: Gas car | Green: Electric car | Blue: Plug-in Hybrid

This table was tailored for Quebec drivers. MSRPs are listed on https://driving.ca/. The rebates include the federal and provincial rebates on new EVs and PHEVs. The estimated driving costs were calculated for new (not used) 2023 car models, using CAA's driving costs calculator (https://carcosts.caa.ca/). The costs are based on a 50%/50% city vs highway mileage, a 5-year ownership or lease, an average fuel price of $1.544 per litre, and a 20 000 km annual mileage. The ideal net income has been approximated based on the common rule of thumb that households should spend no more 10% to 15% of your net income on transportation.
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