The Cheapest Electric Cars in 2025: Affordable EVs for Every Wallet

• The average new electric vehicle price is $55,353, down 10.8% from January 2023, according to Kelley Blue Book.
• EVs are still more expensive than their fossil-fueled counterparts, but there are affordable options available, especially those that qualify for state or federal EV tax incentives.
• Here are the cheapest electric cars you can buy today, ranked by their manufacturer’s suggested retail price.

Factors to Consider When Buying an Affordable EV

• Efficiency: Consider the miles per kilowatt-hour and kilowatt-hours per 100 miles to estimate operating costs.
• Operating costs and maintenance: Consider insurance rates, maintenance costs, and energy costs.
• Options and upgrades: Be mindful of the cost and impact of options and upgrades on efficiency and range.
• Range: Consider the battery range and whether it meets your needs.

Cheapest Electric Cars by Price Range

Under $30,000

• 2024 Nissan Leaf - The cheapest electric car available in the US market, priced at $29,135.
• 2024 Fiat 500e - A compact electric car with a range of 149 miles and a starting price of around $29,000.
• 2024 Mini Cooper SE - A compact electric car with a range of 114 miles and a starting price of around $29,000.

$30,000-$40,000

• 2024 Hyundai Kona Electric - A subcompact crossover with a range of 200 miles and a starting price of around $34,000.
• 2024 Chevrolet Equinox EV - A compact electric SUV with a range of up to 250 miles and a starting price of around $36,000.
• 2024 Volkswagen ID 4 - A midsize electric SUV with a range of 209 miles and a starting price of around $39,000.

$40,000-$45,000

• 2024 Tesla Model 3 - A compact electric sedan with a range of 272 miles and a starting price of around $40,000.
• 2024 Kia Niro EV - A subcompact crossover with a range of 253 miles and a starting price of around $40,000.
• 2024 Hyundai Ioniq 6 - A compact electric sedan with a range of 240 miles and a starting price of around $42,000.

Other Affordable Electric Cars to Consider

• 2024 Hyundai Ioniq 5 - A more spacious option with a range of 220 miles and a starting price of around $42,000.
• 2024 Ford F-150 Lightning Pro - The cheapest electric pickup truck, with a range of 230 miles and a starting price of around $56,000.

FAQs

• Are electric cars more expensive than gas-powered cars? Yes, but they can be less expensive to operate and potentially save money over the long term.
• What is the lifespan of an electric car? The average lifespan is around 8-12 years, with battery degradation being a major factor.
• What should you look for in a cheap electric car? Consider factors such as efficiency, operating costs, and range to determine if an EV is truly an affordable option for you.
• What should you avoid in a cheap electric car? Avoid EVs with slow DC fast charging, depreciated charging standards, and unnecessary upgrades that decrease efficiency or increase maintenance costs.

Conclusion

• The cheapest electric cars in 2024 offer a range of options for those looking for an affordable EV.
• Consider factors such as efficiency, operating costs, and range when choosing an affordable EV.
• Be mindful of the cost and impact of options and upgrades on efficiency and range.