Electric vehicles (EVs) and hybrids are shaping the Canadian used‑car market in 2025.
But while supply is growing, price spreads between older and newer models are widening.
Here’s what’s happening—and how you can shop smarter.
The EV & hybrid landscape in 2025
EVs: Wide depreciation curve
- 2017–2021 EVs: Faster depreciation due to shorter range and older battery chemistry.
- 2022+ EVs: Stronger resale thanks to longer ranges, faster charging, and better warranties.
- Supply is growing quickly as fleets refresh and new imports arrive.
Hybrids: Scarcity keeps prices high
- Compact and midsize hybrids (Toyota, Honda, Hyundai) are hard to find.
- Used prices remain elevated, especially for fuel‑efficient models.
- Strong demand in Ontario, Quebec, and BC keeps the premium intact.
Plug‑in hybrids (PHEVs)
- Appeal to buyers not ready for full EV.
- Battery range matters: models with ≥50 km EV‑only range hold value better.
- Depreciation is uneven—depends heavily on model reputation.
What buyers need to watch
1. Incentives
- Federal and provincial incentives make new EVs more competitive against used ones.
- In Quebec and BC, generous incentives can shrink the used EV buyer pool, creating deals.
2. Battery health
- For EVs and PHEVs, request a battery health report or third‑party scan.
- Even newer models can lose 10–15% range by year 5.
- Replacement costs are falling but still significant.
3. Charging ecosystem
- Public charging is expanding but still patchy in rural areas.
- Factor in home charging installation costs if you don’t already have Level 2.
- Ask dealers for proof that charging cables and adapters are included.
4. Insurance costs
- EVs and hybrids often carry higher premiums due to repair complexity.
- Compare 2–3 quotes before finalizing your budget.
Tactical playbook for 2025 buyers
For EV shoppers
- Focus on 2022+ models for range and resale value.
- Check battery warranty transferability.
- Adjust your offer for any missing charging accessories.
For hybrid shoppers
- Expect to pay a premium; justify it with total fuel savings over 3–5 years.
- Look at slightly older hybrids (2018–2020) for better value if maintenance is solid.
For PHEV shoppers
- Prioritize ≥50 km EV range—makes real‑world difference for commuting.
- Verify software updates (many models improve charging and efficiency via updates).
Autodice advantage
Autodice helps buyers navigate this fragmented market:
- Post your Build with EV/hybrid specifics (range, drivetrain, budget).
- Dealers bid with transparent offers—you see total OTD pricing.
- Compare across EVs, hybrids, and PHEVs without chasing multiple sellers.
- Save time and let competition work in your favour.
Bottom line
In 2025, EV and hybrid buyers face more choices but more complexity.
Older EVs may look cheap but come with range trade‑offs.
Hybrids stay pricey, while PHEVs sit in the middle ground.
With the right inspection, financing plan, and tools like Autodice,
you can cut through the noise—and secure the best value for your lifestyle.
