The Best Cheap Electric Cars: Affordable EVs For You!

The recent decline in the price of new electric vehicles has been attributed to an increase in supply, the introduction of more budget-friendly models, and competitive pricing strategies, particularly led by Tesla. This change marks a significant shift in the 2024 electric vehicle market, which has traditionally been more expensive than traditional gasoline vehicles. Affordable electric vehicle options are increasingly available, making the switch to electric vehicles more accessible to a wider range of consumers. This 2024 trend is further supported by state and federal EV tax incentives that effectively reduce the overall cost of owning an EV, making it a more attractive choice.

To help consumers navigate this evolving market, various rankings of the best cheap electric cars have been compiled. These lists provide valuable insights to help potential buyers make informed decisions based on their budget and preferences. The availability of these low-cost electric vehicles is not only beneficial from a financial standpoint, but also supports the broader movement toward sustainable transportation. By offering a range of affordable options, the electric vehicle industry is making significant strides in encouraging more drivers to switch to cleaner, greener modes of transportation.

Tesla Model 3 at $35,990 as the Classic of Electric Cars

The 2024 Tesla Model 3, a four-door all-electric sedan, was designed to provide a more affordable option compared to the Model S. This vehicle has received widespread attention and praise for its outstanding performance, impressive range capabilities, and cutting-edge features.

This EV has experienced a surge in popularity, establishing itself as a pioneering option in the modern automotive landscape. It boasts outstanding performance and range, cementing its essential role in shaping the direction of future electric mobility. It's a standout among the best value electric cars, making it an accessible choice for consumers who want to participate in the shift to sustainable driving without breaking the bank.

Hyundai Kona Electric SE for Just $32,675 - An Economical Choice Among Cheap EVs

The 2024 Hyundai Kona Electric SE is a groundbreaking vehicle that will capture the attention of drivers worldwide. It seamlessly blends two essential elements: a zero-emission all-electric motor and the practicality of a car. The Kona Electric is powered by a robust 64 kWh battery pack that delivers an impressive range of up to 258 miles on a single charge. This makes it an ideal choice for longer trips and environmentally conscious individuals seeking both efficiency and performance.

The Hyundai Kona all-electric variant stands as an excellent option for individuals seeking to embrace eco-friendliness without sacrificing the convenience of a vehicle. Its spacious interior, robust electric motor, and impressive range are poised to resonate with drivers worldwide. As one of the leading cheap electric cars, it underscores the possibility of obtaining a high-quality, sustainable vehicle at an affordable price point, further broadening its appeal among eco-conscious consumers.

Drive Economically with Cheap Electric Chevrolet Bolt EV 1LT at $26,500

The Chevrolet Bolt EV is a great pick if you're in the market for a affordable electric car. With five doors, this hatchback boasts a roomy interior packed with features and can travel up to 259 miles on a single charge. Its electric motor delivers 200 horsepower and 266 lb-ft of torque, letting it go from 0-60 mph in a quick 6.5 seconds.

The car, which represents a notable entry in the segment of the best cheap electric cars in 2024, is equipped with a number of modern conveniences, including an 8-inch touchscreen for entertainment, support for Apple CarPlay and Android Auto, as well as a Wi-Fi hotspot. Safety features include forward collision warning and lane departure warning. This combination of affordability, technology and safety features makes it a compelling choice for those looking to enter the electric vehicle market without compromising on modern necessities.

Ford Mustang Mach-E, Only $39,995 - A High Performer in Best Cheap EVs

The Ford Mustang Mach-E represents a unique blend of the Mustang's iconic design heritage and the latest in electric vehicle technology. With a starting MSRP of $39,995, the Mach-E marks its presence in the electric SUV market by offering an impressive range of up to 314 miles, skillfully balancing robust performance with enduring range. This vehicle is available in four distinct trims - Select, California Route 1, Premium, and GT. Each trim level offers a different configuration of power and features, catering to a variety of driving preferences and styles. The Mach-E combines the exhilaration of sports car dynamics with the versatility of an SUV.

The GT Performance Package option available for the Mustang Mach-E takes the driving experience to the next level, earning it a spot among the best value electric cars. The Mach-E can accelerate from 0 to 60 mph in as little as 3.5 to 6 seconds, depending on trim and battery configuration, demonstrating its impressive performance capabilities. Its wagon-like design, which includes a 64-inch height and 5.8-inch ground clearance, ensures a commanding presence on the road. Designed to deliver both a sporty driving experience and the practicality expected of an SUV, the Mach-E is an attractive option for those seeking both performance and utility in an electric vehicle, without the premium price tag often associated with 2024 electric vehicles.

Hyundai Ioniq 5 Priced at $41,800 is Leading the Way Among Affordable Electric Cars

The Hyundai Ioniq 5 is a much-anticipated electric SUV joining Hyundai's expanding electric vehicle family, which already includes the Kona Electric and Ioniq 6. The Ioniq 5 is set to impress with its sleek and contemporary design, an impressive range of up to 303 miles, and an array of features.

The Hyundai Ioniq 5 is poised to make a significant impact on the electric vehicle market, establishing itself as one of the best value electric cars in 2024. Its streamlined design, cutting-edge features and remarkable range position it as an attractive choice for individuals seeking a reliable and environmentally friendly electric vehicle. This combination of affordability, innovation and performance makes the Ioniq 5 a standout option for consumers looking to transition to electric mobility without compromising on quality or functionality.

Hyundai Ioniq 6 at $42,450 - A Standout among the Best Cheap Electric Cars

The Hyundai Ioniq 6 electric sedan is poised to raise the bar in the realm of electric vehicles. Utilizing Hyundai's E-GMP platform and sharing electric drivetrain technology with the Ioniq 5, it boasts an impressive range of 361 miles, positioning itself as one of the most efficient electric vehicles available.

With its combination of cutting-edge technology, remarkable efficiency, and innovative design, the Hyundai Ioniq 6 secures its place among the best value electric cars in 2024. Its impressive range, performance and sporty driving characteristics are poised to make a significant impact on the electric vehicle landscape. This vehicle stands out for its ability to deliver high-end features and performance at a price point that makes electric vehicle ownership accessible to a wider range of consumers, further emphasizing its role in advancing sustainable transportation.

Mini Cooper Electric SE priced at $30,900 in the Best Cheap Electric Cars Segment

The Mini Cooper SE herald an electrifying era, redefining Mini's classic "Hardtop" identity. This transition blends timeless aesthetics with modern features, as seen in the iconic round LED headlights and sleek flush door handles, reminiscent of today's BMW designs.

The Cooper SE, one of the best cheap electric cars, exudes an enthusiastic spirit, accelerating from 0-60 mph in a quick 6.7 seconds and evoking memories of Mini's renowned zest for driving. Seamlessly blending Mini's iconic style with cutting-edge technology, these vehicles are more than just cars; they are a statement, a vision and perhaps the forerunners of the coming era of electric urban adventure. This distinction underscores the Cooper SE's ability to deliver both an exhilarating driving experience and a forward-thinking approach to electric mobility, all while remaining affordable and accessible to a wide audience in 2024.

Volkswagen ID.4 for Only $39,735, Ranked High Among Best Cheap Electric Cars

The Volkswagen ID.4 is an electric compact SUV that embodies sustainability and innovation. It offers a remarkable 275-mile travel range, a versatile interior, and advanced driver-assistance features. The ID.4's sleek exterior design includes 19-inch wheels, LED headlights and taillights, and an electric charging port for added convenience.

This vehicle emerges as an exceptional SUV choice within the realm of cheap electric cars, meticulously designed with a focus on sustainability and innovative features. With a generous range, a spacious and comfortable interior, advanced driver assistance systems, and fast charging capabilities, it effectively addresses the preferences of electric vehicle enthusiasts. By combining affordability with quality features, this vehicle makes the transition to electric vehicles both appealing and accessible to a wider audience, supporting the growth of environmentally friendly transportation options in 2024.

Kia Niro EV Priced at $39,600 - Redefining the Perfect Cheap Electric Hatchback Experience

The Kia Niro EV is a stylish and eco-friendly electric vehicle from Kia. It offers an impressive 253-mile range on a single charge, excellent acceleration, and safety features like autonomous emergency braking and blind-spot monitoring. Perfect for environmentally conscious drivers.

Standing out in the affordable electric car category, the KIA Niro EV boasts a contemporary look with a sleek and stylish design that is sure to attract attention on the road in 2024. It also offers a host of optional enhancements, including heated seats, advanced safety features and an upgraded infotainment system. Combining style and modernity, the Niro EV is designed to stand out from the crowd, making it a highly desirable option for those seeking affordability without compromising on aesthetics or the latest technological advancements of 2024.

Toyota bZ4X at $43,070 as Your Gateway to Affordable and Safe Cheap Cars Lineup

The Toyota bZ4X marks Toyota's entry into the all-electric SUV market, with the XLE model's starting price set at $43,070. This 5-passenger, 4-door SUV is available in both front-wheel and all-wheel drive configurations. The front-wheel drive model is powered by a 201-hp motor and a 71.4 kWh battery, providing a range of up to 252 miles. On the other hand, the all-wheel drive model comes equipped with dual motors, offering a combined power of 214 hp and achieving a range of 228 miles.

The Toyota bZ4X, a standout among the best cheap electric cars, demonstrates impressive performance capabilities, accelerating from 0-60 mph in 6.5 to 7.1 seconds, depending on the model. It is also well-equipped with modern features, including a 12.3-inch touchscreen, wireless charging and multiple USB ports to enhance the overall driving experience. With its significant battery capacity and charging time of approximately 11 hours at 220/240V, the bZ4X is a strong contender in the growing 2024 electric SUV market, offering a blend of power, technology and efficiency at an affordable price. This positions it as an attractive option for consumers looking to invest in sustainable mobility without the high costs often associated with 2024 electric vehicles.

Nissan Leaf S, Priced at $28,140 - Experience Proven Value in the Best Cheap EVs

The Nissan Leaf S, by Japanese automaker Nissan, represents a leading all-electric compact car. Remarkably, it has achieved the status of the world's top-selling electric vehicle, boasting over 500,000 units sold globally since its initial introduction in 2010. The Nissan Leaf S stands out for its cutting-edge technology, which is designed to reduce its environmental footprint, and it has earned accolades for its impressive performance and energy efficiency.

Recognized as one of the best value electric cars, the Nissan Leaf delivers a remarkable range of up to 212 miles on a single charge, with charging times depending on the power source. Charging from a standard household outlet takes up to 16 hours, while a Level 2 charger reduces this time to approximately 8 hours. For faster charging, a DC fast charger can do the job in as little as 40 minutes. This combination of affordability, efficiency and fast-charging capabilities places the Leaf at the forefront of the electric vehicle market, providing an accessible option for those looking to transition to sustainable transportation without compromising performance in 2024.

Chevrolet Equinox EV at $43,295, as a Top Contender Among Best Cheap Electric Cars

The 2024 Chevrolet Equinox EV, recognized as one of the best cheap electric cars, boasts high performance as an electric SUV with remarkable specifications in power, range, and technology. It features a standard front-wheel-drive system with an estimated 210 horsepower and 242 lb-ft of torque, offering swift acceleration and a pleasant driving experience for daily activities. For those in search of enhanced power, the vehicle also provides an optional eAWD system with 290 horsepower and 346 lb-ft of torque, delivering additional torque and horsepower to further improve the driving experience. The heart of this power is a high-capacity battery, ensuring an estimated range of up to 300 miles on a single charge, influenced by driving habits and various conditions.

Equinox EV is also equipped with cutting-edge technology, including a large 17.7-inch touchscreen display with the latest infotainment system for seamless smartphone integration and voice-activated controls. An available digital driver display provides critical information, such as battery charge and remaining range, right at the driver's fingertips, increasing comfort and confidence on the road. Charging the Equinox EV's battery is easy, with options for a Level 2 home or public charging station charger that provides a full charge in approximately 9-10 hours, and DC fast charging capabilities that can recharge the battery to 80% in approximately 30 minutes. With an 8-year/100,000-mile battery warranty, the Equinox EV stands out as a practical and reliable option among the best value electric cars, assuring owners of its durability and long-term performance.

Nissan Ariya at $44,555 - A Triumph in the Best Cheap Electric Cars Arena

In the realm of the best cheap electric cars, the 2024 Nissan Ariya emerges as a noteworthy contender with its versatile battery options catering to varied driving needs. Its entry-level variant sports a 63kWh battery, providing a practical range of up to 250 miles per charge, ideal for daily commutes and short journeys. For those seeking extended adventures, the Ariya presents a more robust 87kWh battery version, pushing the boundaries with up to 311 miles on a single charge, significantly minimizing the need for frequent stops to recharge and catering to longer trips with ease.

Starting at a competitive MSRP of $44,555, the Ariya's lineup is divided into several trims that combine performance, technology and convenience to meet different preferences and needs. From the base Engage trim with 214 to 335 horsepower options to the high-end Platinum+ model with all-wheel drive and quick 0-60 mph acceleration, each variant introduces a unique set of features. These include dual 12.3-inch displays for instrumentation and infotainment, compatibility with the latest smartphone integration technologies and options for both standard and fast charging. With the Ariya, Nissan not only cements its place in the best value electric car category, but also demonstrates the potential for electric SUVs to combine efficiency, performance and technological advancement without compromise.

Volvo EX30 at $34,950 - A Top Place Among Best Cheap Electric Cars

The latest 2024 Volvo EX30 model introduces powertrain options that align perfectly with the criteria for the best cheap electric cars, featuring both Single Motor Extended Range and Twin Motor Performance variants. With advanced battery technology and superior charging capabilities, these options promise efficiency and enjoyment. The Single Motor variant excels in energy conservation, boasting a consumption of just 26.5 kWh per 100 miles and offering 275 miles of range. It couples a 69 kWh battery with rapid charging solutions—fully charging in 8 hours at home or reaching 80% in 27 minutes via DC Fast Charging—while delivering 268 horsepower and supporting a significant towing capacity.

Conversely, the Twin Motor Performance variant is built for those who value sheer power, offering 422 horsepower and 400 foot-pounds of torque, with a slightly reduced range of 265 miles. Despite its focus on performance, it maintains efficient charging times similar to the Single Motor variant, and includes features such as battery preconditioning for optimal charging temperatures. Both models benefit from innovative technology such as charge reminders and a station finder that seamlessly integrates with Google Maps for convenience. The Volvo EX30 SUV stands out not only for its performance and charging efficiency, but also for its comprehensive technology features, including a dedicated app for remote control and OTA updates, advanced driver assistance systems for safety and comfort, and collision avoidance technologies, underscoring its prominence among the best cheap electric cars.

Acura ZDX Type S at $64,500, Setting New Standards for Best Cheap EVs

The 2024 Acura ZDX Type S stands out in the market of best cheap electric cars, presenting a lineup of four distinct trims: A-Spec RWD, A-Spec AWD, Type S, and Type S Performance Wheel & Tire, priced from $41,450 to $74,500. These trims offer a variety of drivetrain options, including rear-wheel and all-wheel drives, alongside single or dual motor setups that deliver a horsepower range from 358 to 500 and torque from 324 to 544 lb-ft. Not only do these models vary in power, but they also feature different suspension systems, braking capabilities, and a selection of wheel and tire combinations to enhance driving performance. Interiorly, each trim boasts premium features such as leather-trimmed seats, advanced climate control, and a suite of infotainment and safety technologies, aiming to cater to a wide array of preferences and needs.

In terms of performance, the ZDX Type S models boast 0-60 mph acceleration times between 4.5 and 5.5 seconds, thanks to their powerful electric drivetrains. The range also promises an EV range of 278 to 313 miles, supported by efficient Level 2 and fast charging capabilities - the latter providing up to 81 miles of range in just 10 minutes. This ensures that drivers can enjoy long journeys with minimal charging interruptions. Each vehicle is backed by a 1-year/12,000-mile Acura Maintenance Program, underscoring Acura's commitment to reliability and customer satisfaction. With a standard 102 kWh battery capacity across the board, Acura underscores its commitment to consistent performance and innovation, making the ZDX Type S a formidable competitor in the electric vehicle space.

The 2024 Cheapest Electric Cars Comparison

Model	Actual cost*	Credit Amount*	0-60 (seconds)*	Range (miles)*
Tesla Model 3	Starting at $35,990	$7,500	3.1 - 5.8	272 - 333
Hyundai Kona Electric SE	Starting at $32,675	-	7.6	258
Chevrolet Bolt EV	Starting at $26,500	$7,500	6.5	259
Ford Mustang Mach-E	Starting at $39,995	$7,500	3.8 - 6	250 - 314
Hyundai Ioniq 5	Starting at $41,800	-	7.3 - 8.5	266 - 303
Hyundai Ioniq 6	Starting at $42,450	-	4.4 - 7.4	270 - 305
Mini Cooper SE	Starting at $30,900	-	7.3	250
Volkswagen ID.4	Starting at $39,735	$7,500	5.8 - 7.7	255 - 275
Kia Niro EV	Starting at $39,600	$7500	6.5	253
Toyota bZ4X	Starting at $43,070	-	7.1	252 - 272
Nissan Leaf	Starting at $28,140	$3,750	7.6	149 - 212
Chevrolet Equinox EV	Starting at $43,295	$7,500	5.9	300
Nissan Ariya	Starting at $44,555	-	7.6	250-311
Volvo EX30	Starting at $34,950	-	3.4-5.1	265-275
Acura ZDX Type S	Starting at $64,500	-	4.5-5.5	278-313

Conclusion of the Best Affordable EVs

Electric vehicles offer a compelling combination of environmental friendliness and practicality, making them an excellent choice for a wide range of drivers. Ideal for daily commuting, many EVs can comfortably last a full work week on a single charge, reducing the need for frequent stops at the charging station. In addition to their eco-friendly appeal, EVs often offer additional benefits such as single-driver access to high-occupancy vehicle (HOV) lanes, streamlining the daily commute and reducing travel time.

The 2024 electric car market is diverse, catering to different tastes and budgets. From budget-conscious compact models to luxurious high-end vehicles, there's an option for everyone. Whether your priority is sustainability, convenience, or indulgence, there's an EV to fit your lifestyle. In addition, government incentives and improvements in charging infrastructure continue to increase the appeal of EVs, making them a more viable option for a growing number of consumers.

FAQs about 2024 Cheapest Electric Cars

If you are planing to buy you can check our Top Best Selling Electric Cars, Trucks, and SUVs, Also you can check the future 2024 Hyundai Ioniq 5 Exterior and Interior Images!