The Best Cheap Electric Cars: Affordable EVs For You!
New electric vehicle prices have dropped due to increased supply, more affordable models, and competitive pricing from Tesla. While EVs are generally more expensive than traditional cars, affordable options exist, especially with state and federal EV tax incentives. We've ranked the cheapest electric cars to help you make an informed choice.
1. 2022 Tesla Model 3 $32,740 (incl. $7,500 tax credit) - The Classic of Electric Cars
Tesla's Model 3, a four-door all-electric sedan was designed to provide a more affordable option compared to the Model S. This vehicle has gained 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 trailblazing option in the modern automotive landscape. It showcases outstanding performance and range, cementing its essential role in shaping the direction of future electric mobility.
2. 2023 Hyundai Kona Electric SE, $33,550 - Affordable Korean Electric Car
The 2024 Hyundai Kona Electric SE is a groundbreaking vehicle poised to capture the attention of drivers worldwide. It seamlessly blends two essential elements: an emissions-free all-electric motor and the practicality of a car. The Kona electric variant is driven by a robust 64 kWh battery pack, delivering an impressive range of up to 258 miles on a single charge. This makes it an ideal choice for extended journeys 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.
3. 2023 Chevrolet Bolt EV 1LT, $19,995 (incl. $7,500 tax credit) - The cheapest Electric Car
The 2023 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 is equipped with a range of modern conveniences, including an 8-inch touchscreen for entertainment, support for Apple CarPlay and Android Auto, as well as a Wi-Fi hotspot. In terms of safety, it comes equipped with various driver aids, such as forward collision alerts and lane-keeping assistance.
4. 2023 Hyundai Ioniq 5 $41,450 - Affordable Electric SUV
The 2023 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.
Hyundai Ioniq 5 is poised to make a significant impact in the electric vehicle market. Its streamlined design, cutting-edge features, and remarkable range position it as an attractive choice for individuals seeking a dependable and environmentally friendly electric vehicle.
5. 2023 Hyundai Ioniq 6 $41,600 - Electric Sedan that Boasts an Impressive Exterior
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.
Hyundai Ioniq 6 combines cutting-edge technology, remarkable efficiency, and innovative design. Its impressive range, power, and sporty driving characteristics are poised to make a significant impact in the electric vehicle landscape.
6. 2023 Mini Cooper Electric SE, $31,985 - The classic style of MINI Cheap EV
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 exudes an enthusiastic spirit, accelerating from 0-60 mph in a quick 6.7 seconds, evoking memories of Mini's renowned zest for driving. Seamlessly blending Mini's iconic style with cutting-edge technology, these vehicles transcend being mere cars; they represent a statement, a vision, and quite possibly, the pioneers of the upcoming era of electric urban adventures.
7. 2023 Volkswagen ID.4 $32,790 (incl. $7,500 tax credit) - Reliable and Cheap Electric Car
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, meticulously designed with a focus on sustainability and innovative features. Offering a generous travel range, a spacious and comfortable interior, advanced driver-assistance systems, and rapid charging capabilities, it effectively caters to the preferences of electric vehicle enthusiasts.
8. 2023 Kia Niro EV $39,550 - Perfect and Cheap Elecric Hatchback
The 2023 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.
The vehicle boasts a contemporary appearance, characterized by its sleek and stylish design, sure to capture attention on the road. Additionally, it offers a variety of optional enhancements, including heated seats, advanced safety features, and an upgraded infotainment system. The KIA Niro EV combines style and modernity in its design, intended to make it stand out from the rest.
9. 2023 Nissan Leaf S, $20,540 (incl. $7,500 tax credit) - Time-tested Cheap EV
The 2023 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.
The Nissan Leaf delivers a notable range of up to 212 miles on a single charge, with charging times dependent 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 get the job done in as little as 40 minutes.
10. 2022 Mazda MX-30, $34 110 - Stylish and Cheap
Mazda MX-30, a stylish battery-electric crossover SUV, upholds the brand's reputation for innovation. Its 35.5 kWh battery provides up to 100 miles of range on a single charge, while the electric motor offers 143 horsepower and 200 lb-ft of torque for an efficient drive.
In summary, this vehicle marks a significant shift in the electric SUV market, delivering a blend of style, performance, and innovation that is bound to leave a lasting impression.
The Cheapest EV Comparison
|No||Model||Actual cost||Credit Amount||0-60||Range|
|1||Tesla Model 3||Starting at $40,240||$7,500||5.8 sec||~ 272 miles|
|2||Hyundai Kona Electric SE||Starting at $33,550||-||7.6 sec||~ 258 miles|
|3||Chevrolet Bolt EV||Starting at $27,495||$7,500||6.5 sec||~ 259 miles|
|4||Hyundai Ioniq 5||Starting at $41,450||-||5.2 sec||~ 303 miles|
|5||Hyundai Ioniq 6||Starting at $41,600||-||4.4 sec||~ 361 miles|
|6||Mini Cooper SE||Starting at $31,985||-||7.3 sec||~ 250 miles|
|7||Volkswagen ID.4||Starting at $40,290||$7,500||7.7 sec||~ 275 miles|
|8||Kia Niro EV||Starting at $39,550||-||6.5 sec||~ 253-mile|
|9||Nissan Leaf S||Starting at $28 040||$7,500||6.8 sec||~ 212 miles|
|10||Mazda MX-30||Starting at $34 110||-||7.6 sec||~ 100 miles|
Electric cars are a compelling choice for a wide range of buyers. Beyond being eco-friendly, they are a practical option for daily commuting, often allowing drivers with typical commutes to navigate a full workweek on a single charge. In addition to their environmental benefits, EVs typically qualify for single-driver access to HOV lanes, making for a more efficient and stress-free commute. Today's electric car market offers a diverse selection, ranging from affordable compact models to high-end luxury vehicles, catering to various budgets and preferences. Whether you prioritize sustainability, convenience, or luxury, there's an electric car suited to your needs. Furthermore, government incentives and charging infrastructure improvements continue to make EVs an increasingly attractive choice for consumers.