Up until recently, electric vehicles (EVs) were generally more expensive than gasoline-powered cars, but that’s starting to change. Nowadays, more affordable EVs are entering the market, and with the aid of various local, state, and federal tax credits and rebates, many of these vehicles are sold at prices well below the 2023 median car price of $48,000.
For those who are particularly budget-conscious, even the median price might seem high. However, there are several good options available in the $30,000 range or less, if you know where to look. Here’s a helpful guide featuring nine of the most affordable electric vehicles currently available in the U.S., ranked from the cheapest to the most expensive.
If these new models are beyond your budget, remember that used EVs also qualify for rebates. Plus, choosing a used model means you can benefit from a vehicle that has already proven its reliability over time.
Chevrolet Bolt
– Cost: $27,495 (1LT), $30,695 (2LT)
– Driving Range: 259 miles
The Chevrolet Bolt is an older model that is being discontinued after the 2023 model year, but it still offers a longer range than many newer models. It also features a 10.2-inch touchscreen, an 8.0-inch digital instrument cluster, and a 65-kilowatt-hour battery powering a 200-horsepower motor.
Nissan Leaf
– Cost: $28,040 (S), $36,040 (SV Plus)
– Driving Range: 149 miles (S), 215 miles (SV Plus)
The Nissan Leaf remains one of the cheapest EVs on the market, but its range is limited. The base model offers 149 miles, while the more expensive SV Plus provides 215 miles. Standard features include an 8.0-inch touchscreen and a suite of driver-assistance technologies. The SV Plus version adds a bigger battery and more horsepower.
Chevrolet Bolt EUV
– Cost: $28,795 (LT), $29,290 (LT Redline), $33,295 (Premier), $33,790 (Premier Redline)
– Driving Range: 247 miles
For those who like the Bolt EV but need a bit more space, the Bolt EUV is a good option. Although it’s not a full-size SUV, it offers more room than the standard Bolt. It comes with similar tech features, making it an appealing choice for tech-savvy buyers on a budget.
Mini Cooper SE
– Cost: $30,900
– Driving Range: 114 miles
The Mini Cooper SE has a limited range of 114 miles, making it suitable for city driving or short commutes. This model features a 28.9kWh battery and a 181-horsepower electric motor. Despite its range limitations, it offers a range of tech features, although adaptive cruise control is notably absent.
Hyundai Kona Electric
– Cost: $33,550 (SE), $37,300 (SEL), $41,550 (Limited)
– Driving Range: 258 miles
The Hyundai Kona Electric shares a platform with the Kia Niro EV and offers a slightly higher range. Standard features are comprehensive, and the higher trims provide additional benefits like a head-up display, though they come at a higher cost.
Mazda MX-30
– Cost: $34,110
– Driving Range: 100 miles
The Mazda MX-30 boasts a stylish design and eco-friendly interior materials, but its range is quite limited at just 100 miles. This makes it less suitable for long trips but could be a good fit for daily commutes and short drives.
Volkswagen ID.4
– Cost: $38,995 (Standard), $43,995 (Pro), $47,795 (AWD Pro), among others
– Driving Range: 209 to 275 miles
The Volkswagen ID.4 is a popular option with many different trims, each offering a variety of features and ranges. Even the base model is decent, with a 209-mile range and a 201-horsepower motor. Higher trim levels provide more advanced tech and driving aids.
Tesla Model 3
– Cost: $40,240 (Standard), $47,240 (Long Range), $53,240 (Performance)
– Driving Range: 272 to 333 miles
The Tesla Model 3 presents the longest range of any car on this list, even in its base version. Although it’s one of the pricier options here, it’s the most affordable Tesla model. It comes with advanced tech features like a large touchscreen, Autopilot, and access to Tesla’s extensive Supercharger network.
Kia Niro EV
– Cost: $39,550 (Wind), $44,550 (Wave)
– Driving Range: 253 miles
The Kia Niro EV offers a good range, solid performance, and a stylish design. It comes packed with standard features, and the higher-end trims add even more luxury and advanced driver-assistance systems.
Each of these vehicles brings its own set of features, capabilities, and price points, offering a wide array of options for those looking to make the switch to electric driving.