News & Resources

Feeling pinched at the pump lately? You’re likely not alone.

Nationwide, Canadians have seen increases in gas prices. According to recent data from Statistics Canada, the cost of gasoline has gone up by 20% year-over-year. In Alberta specifically, the cost of gas is up almost 34% from last year, while in Ontario gas prices increased 20.4%. These numbers may be troubling to some, especially those in the market for a new (or used) vehicle.

The difference in fuel costs between vehicles can definitely make or break your purchase decision. The best way to save on gas overall is to avoid gas-guzzlers and look into a fuel-efficient model. Nowadays, there are many conventional cars, hybrids, plug-in hybrid (PHEV) and battery-electric (BEV) vehicles on the market, but some can save you more on gas than others.

That being said, each year, Natural Resources Canada (NRC) recognizes the most fuel-efficient vehicles sold in Canada by class. So before gas prices make you trade in your keys for sneakers, check out this list of the best fuel-efficient vehicles that you can buy right now.

2017’s most fuel efficient vehicles: conventional and hybrids

Vehicle Most Fuel-Efficient in Class Estimated Annual Fuel Cost
Two-seater Smart fortwo cabriolet $1,461
Minicompact Fiat 500 Hatchback $1,302
Subcompact Ford Fiesta FSE $1,265
Compact Toyota Prius C $949
Midsize Toyota Prius $837
Full size Ford C-MAX Hybrid $1,097
Small station wagon Kia Niro FE $874
Midsize station wagon Toyota Prius V $1,079
Small pickup Chevrolet Colorado and GMC Canyon $1,938
Small SUV Nissan Rogue Hybrid $1,265
Standard SUV Lexus RX 450h AWD $1,722
Minivan Mazda 5 $1,786

2017’s most fuel-efficient vehicles: advanced technology (PHEVs and BEVs)

Vehicle Most Fuel-Efficient in Class Estimated Annual Cost to Run
Subcompact BMW i3 (60Ah) $437
Compact Ford Focus Electric $510
Midsize Nissan LEAF $484
Full size Tesla Model S 60D/90D $525
Small station wagon Chevrolet Bolt EV $458
Standard SUV Tesla Model X 75D $585
Minivan Chrysler Pacifica Hybrid $917

Find more ways to save

There are two vehicle costs that typically eat at your wallet the most: gas and auto insurance.

If you’re taking the steps to save on gas, try shopping around to see where you can save on auto insurance too.

RATESDOTCA Team

The RATESDOTCA editorial team are experienced writers focused on sharing stories and bringing you the latest news in insurance and personal finance. Our goal is to provide Canadians with the information and resources they need to make better insurance and financial decisions.

Latest life insurance articles

10 Myths About Life Insurance Busted – Some May Surprise You
You may be young with no kids and no mortgage. Life insurance is for someone older, who has dependents right? Wrong. Let’s debunk life insurance myths and learn why everyone needs some form of coverage.
Will a Life Insurance Policy Cover Death Due to COVID-19?
Demand for life insurance may be on the rise during the pandemic as more Canadians consider buying a policy or reviewing ones they already have. If you’re thinking of applying for a policy, here are a few things to keep in mind.
How Does Vaping and e-Cigarettes Affect Life Insurance?
Many insurers may classify vaping in the same way they do smoking. If you smoke or vape, you can still qualify for a life insurance premium, but in all likelihood, you will pay a higher rate than someone who does not.