Toyota, Tesla rank highest in Best Value in Canada Awards — via drivingdotca ElectricVehicles Hybrids
“This year’s awards saw a 15-per-cent increase in electric, hybrid, and plug-in winners from last year, showing that alternative-fuel vehicles are a viable choice for Canadian consumers,” said David Wurster, president of Vincentric. “Not only do reduce tailpipe emissions, but our awards demonstrate that, in many cases, these vehicles can be both a lower cost and better overall value than fully gasoline-powered options.
A vehicle’s cost of ownership is measured by eight cost factors: depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. The evaluations are calculated in all ten provinces plus the Northwest Territories, using a range of annual kilometres and insurance costs. The 2023 winners are as follows.
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