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6 Tesla alternatives

If you're interested in an electric vehicle but don't want a Tesla, here are 6 alternatives at different price points.

For many, Tesla is the first thing that comes to mind when someone says “electric car”, but there are more models of EVs available than what’s offered from the new kid on the assembly block. More manufacturers are committed to developing electric vehicles in the coming years, promising Tesla alternatives that will make you want to be the one in the driver’s seat.

1. Nissan Leaf

Tesla Alternatve: The Nissan Leaf

Nissan is updating its popular and successful LEAF electric car. The LEAF is currently the world’s bestselling EV, with more than 500,000 units shipped. It’s also one of the most affordable. The original LEAF launched in 2010 while Tesla was still converting rebadged Lotus cars to electric.

Highlights

  • ProPilot Assist to rival Tesla’s Autopilot feature
  • Nissan LEAF e-pedal lets you control both gas and brakes with a single pedal
  • 240km to 363km range on a charge
  • $44,298 to $52,898, depending on features and range

Compare Nissan financing options

2. BMW i3 and i3s

BMW i30 Tesla alternative

If you’re looking for a little more luxury in your electric car, the BMW i3 and i3s hatchbacks fit perfectly in the sweet spot of features to price. The i3 looks like the vehicle of the not-too-distant future, with its small grille, rounded exterior and massive windshield.

Highlights

  • The i3 models are sustainably built from renewable materials
  • 95% of the materials used in the BMW i3 can be recycled
  • 246km range on a charge
  • $44,950 to $54,990 depending on the model

Compare BMW financing options

3. Chevrolet Bolt

Chevy Bolt driving on country road
The 2021 Chevrolet Bolt offers some of the best range you can get in an electric vehicle – 417km on a full charge. Chevy’s fast-charge technology also gets drivers back on the road quicker and for more distance, with roughly 160km of range able to be added in just 30 minutes from a DC Fast Charging station.

Highlights

  • 56 cubic feet of storage
  • 417km range on a full charge
  • Fast charging capability
  • $44,998 to $50,298, depending on features

4. Hyundai IONIQ Electric

Hyundai Ioniq

Hyundai’s IONIQ Electric comes packed with driver assistant technology that makes driving the hatchback a breeze. The IONIQ comes with generous passenger space, despite the vehicle’s small form factor. Expect to see more of the IONIQ name in the near future, as Hyundai prepares to launch the IONIQ 5 SUV soon.

Highlights

  • Standard crash detection to assist with braking
  • Highway driving and lane following assist
  • 274km range
  • $41,599 to $45,999 depending on the model

Compare Hyundai financing options options

5. Ford Mustang Mach-E

Ford Mustang Mach-E

The first electric car to join Ford’s legendary Mustang line-up is a great Tesla alternative for those who are looking at the Model X. The Mustang Mach-E is among the largest EVs you can buy right now, making it a great option for anyone who needs to carry 3 or 4 hockey bags to the kids’ practices.

Highlights

  • Eye-catching colours that make you stand out on the road
  • Ford Co-Pilot360 2.0 watches your blindspots to help you change lanes, back out of a parking space, or even hit the gas and brakes for you
  • 370km of range per charge
  • $50,495 to $82,995

Compare Ford financing options

6. Porsche Taycan

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The most luxurious of the Tesla-like cars on our list comes with a luxury price tag to match. The Porsche Taycan line-up is the German manufacturer’s first foray into the world of EVs, and the company started with a bang. This is the alternative choice for anyone considering a fully loaded Model X, Model S Plaid or the upcoming Roadster.

Highlights

  • 17 colours to choose from
  • Charges from 5% to 80% in less than 25 minutes with the Porsche Turbo Charging at Porsche Centres
  • Top speed of 260km/h on the top end model
  • 309km to 323km range
  • $119,900 to $218,000, depending on the specific model

Compare Porsche financing options

Compare car loan options

Name Product Loan Amount Interest Rate Loan Term Min. Credit Score Requirements Table description
CarsFast Car Loans
$500 - $75,000
4.90% - 29.90%
12 - 96 months
300
Min. income of $1,800 /month, 3+ months employed
Get a new or used vehicle delivered to your door.
Browse thousands of vehicles from dealers across Canada and get matched with financing that meets your needs.
Loans Canada Car Loans
$500 - $35,000
0% - 29.99%
3 - 96 months
300
Min. income of $1,800 /month, 3+ months employed
Compare rates from multiple lenders.
Complete a single application to get quotes from different lenders. Bad credit, CERB and EI borrowers considered.
AutoLoanProviders
$7,500 - $85,000
3.99% - 29.99%
12 - 96 months
300
Min. income of $1,800 /month, 1+ months employed
Available in Ontario only.
Apply online and get your new vehicle delivered to your door anywhere in Ontario free of charge. All credit scores considered.
Coast Capital Car Loan
$10,000 - No Max.
Varies
18 - 84 months
650
Able to service debt payment of $300/month
Competitive rates and flexible terms.
Finance new and used vehicles from one of Canada's largest credit unions. No credit union membership required. Available across Canada except SK, QC, NT, NU, YT.
Splash Auto Finance
$10,000 - $50,000
9.90% - 29.90%
24 - 84 months
300
Min. income of $2,200 /month, 3+ months employed
Apply with any credit score.
Get financing for a new or used car. Auto loans for borrowers with fair credit, bad credit, no credit or bankruptcy.
goPeer Car Loan
$1,000 - $25,000
8.00% - 31.00%
36 - 60 months
600
Min. income of $40,000 /year
P2P platform with competitive rates.
Canada's first regulated consumer peer-to-peer lending platform that connects creditworthy Canadians looking for a loan with Canadians looking to invest.
Carloans411 Car Loans
$500 - $50,000
1.90% - 19.99%
Up to 72 months
300
Min. income of $1,600 /month, 3+ months employed
High application approval rate.
Get connected with suitable lenders to finance your next car, van or truck. Check eligibility for this loan through LoanConnect.
Canada Auto Finance
$500 - $45,000
4.90% - 29.95%
3 - 96 months
300
Min. income of $1,500 /month, 3+ months employed
Get financing from partnered local lenders.
Financing for a new or used car is available for borrowers with bad credit, no credit, CERB, EI or bankruptcy.
LoanConnect Car Loans
$500 - $50,000
9.90% - 46.96%
3 - 120 months
550
No min. income requirement
Pre-approval in as little as 60 seconds.
Get access to 25+ lenders through this brokerage. Get your funds in as little as 24 hours.
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Compare up to 4 providers

Bottom line

Tesla might be the most well-known electric vehicle manufacturer in the world, but it isn’t your only option. Tesla alternatives are more available than ever and come with a number of competitive features, plus a competitive price tag. There is an EV for everyone these days, and if you found one that caught your eye, read our guide to car loans to find out how to finance it.

Frequently asked questions

Image source: Shutterstock, BMW.com.au

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