I was doing a bit of research into various EVs availably in Canada, and one thing I noticed was the implied exchange rates and how Tesla penalizes Canadians more than any other manufacturer.
As like-for-like as I could manage, this is what I found (in all cases I selected as similar options as possible and used MSRP after freight but before taxes or incentives):
Ford is friends to Canadians... and also foe.
Ford F-150 Lighting Pro costs $63,195 in Canada vs $54,830 in the USA, implying one USD is $1.15 CAD, which is far below the actual exchange rate of 1.37, and the best on the list.
On the other hand, the Platinum and Lariat versions have implied exchange rates of 1.35 and 1.36 respectively (only Tesla is worse).
Their Mach-e all come in at 1.28.
Hyundai hopes Canadians buy their Ionic 6 more than Kona.
The 6 has an implied exchange rate of only 1.17. The Kona is in the middle of the pack at 1.23, which is still a discount off the actual current rate.
Cadillac covets Canadians.
It ranges between 1.17 and 1.20 depending on the exact trim and options, with the Sport 2 being the most exchange rate friendly and the Luxury trims being the worse, but all are very good.
Nissan needs Canadians, and Volvo values us too (but not with their premium offers).
The Ariya Platinum+ costs $72,987 here vs $62,055 down south, for a 4th best implied rate of 1.18
The Volvo XC40 Core ties that figure. However, if you want their Plus or Ultimate offerings, you're into 1.23 and 1.24 territory.
Tesla treats Canadians less nicely, and is the only manufacturer that charges a higher rate than the banks.
Model X - 1.41!
Model 3 - 1.39!
Model S - 1.34
Model Y - 1.34
I couldn't say why the other manufacturers discount their wares for Canadians... but I admit the fact that they do has me taking a closer look at them.
As like-for-like as I could manage, this is what I found (in all cases I selected as similar options as possible and used MSRP after freight but before taxes or incentives):
Ford is friends to Canadians... and also foe.
Ford F-150 Lighting Pro costs $63,195 in Canada vs $54,830 in the USA, implying one USD is $1.15 CAD, which is far below the actual exchange rate of 1.37, and the best on the list.
On the other hand, the Platinum and Lariat versions have implied exchange rates of 1.35 and 1.36 respectively (only Tesla is worse).
Their Mach-e all come in at 1.28.
Hyundai hopes Canadians buy their Ionic 6 more than Kona.
The 6 has an implied exchange rate of only 1.17. The Kona is in the middle of the pack at 1.23, which is still a discount off the actual current rate.
Cadillac covets Canadians.
It ranges between 1.17 and 1.20 depending on the exact trim and options, with the Sport 2 being the most exchange rate friendly and the Luxury trims being the worse, but all are very good.
Nissan needs Canadians, and Volvo values us too (but not with their premium offers).
The Ariya Platinum+ costs $72,987 here vs $62,055 down south, for a 4th best implied rate of 1.18
The Volvo XC40 Core ties that figure. However, if you want their Plus or Ultimate offerings, you're into 1.23 and 1.24 territory.
Tesla treats Canadians less nicely, and is the only manufacturer that charges a higher rate than the banks.
Model X - 1.41!
Model 3 - 1.39!
Model S - 1.34
Model Y - 1.34
I couldn't say why the other manufacturers discount their wares for Canadians... but I admit the fact that they do has me taking a closer look at them.