- Motorizing takes a toll on your arms and legs, but you don’t have to.
- Some battery-powered vehicles are priced under $30,000.
- Best electric vehicles for budget buyers include the Chevrolet Volt, Volkswagen ID.4 and Hyundai Kona.
Those looking to go electrified on a budget will no doubt be disappointed by the general state of the battery-powered vehicle market.
New Ford F-150 Lightning begin at about $60,000. Tesla’s popular Model Y was nearly $70,000 before a recent price cut dropped it to his mid-$50,000 range. Exciting startups Rivian and Lucid electric cars will get even more expensive if you can get your hands on them.
But with more electric options on the market than ever before, lower-priced models are also available.
We’ve found the 11 cheapest new EVs you can buy in 2023. Please note that these prices do not take into account the $7,500 federal tax incentive for plugin purchases. Some models are currently eligible (as shown below), but regulations are still in flux.
Chevrolet Volt EV
2023 Chevrolet Volt EV.
chevrolet
retail price: $26,500
Environmental Protection Agency Estimated Range: 259 miles
Eligible for EV tax credit
Chevrolet’s small electric hatchback has been around since 2016, and for 2022 it’s been completely refreshed with a sleeker, more modern look. With 259 miles of range and a bargain price, the Bolt offers excellent mileage per dollar he does.
Chevrolet Volt EUV
2022 Chevrolet Volt EUV.
chevrolet
retail price: $27,800
EPA Estimated Range: 247 miles
Eligible for EV tax credit
Chevy recently introduced the Bolt EUV, the brother of the Bolt EV.
It takes the Volt’s underlying technology and adapts it to a smaller SUV with a higher driving position and a more spacious interior.It’s the first Chevrolet to offer Super Cruise, General Motors’ hands-free driving system. However, the lack of all-wheel drive may disappoint some of his SUV buyers.
nissan leaf
2023 Nissan Leaf.
Nissan
retail price: $27,800
EPA Estimated Range: 149-212 miles
Eligible for EV tax credit
Like the Volt, the Nissan Leaf goes around the block several times. However, it has received some significant updates since its launch over a decade ago. His revamped 2023 Leaf, with several styling updates, has a range of up to 212 miles, more than double that of his 2011 version.
hyundai kona electric
2022 Hyundai Kona Electric.
hyundai
retail price: $33,550
EPA Estimated Range: 258 miles
The Hyundai Kona comes in both petrol and electric versions. His Kona EV on base has plenty of range, a 201-horsepower motor, and a smattering of standard safety tech like blind-spot monitoring.
Mazda MX-30
Mazda MX-30.
mazda
retail price: $34,110
EPA Estimated Range: 100 miles
Mazda’s first electric model disappoints in all important range departments.
Mini Cooper SE
Mini Cooper SE.
BMW Group
retail price: $34,225
EPA Estimated Range: 114 miles
The retail price for the 2022 Mini Cooper SE was just under $30,000. But like milk, eggs, and just about anything else, small EVs have been hit hard by inflation. Its short cruising range makes it more suitable for roaming around town rather than traveling long distances.
Volkswagen ID.4
The 2023 Volkswagen ID.4 Pro promises a range of 275 miles.
Volkswagen
retail price: $38,995
EPA Estimated Range: 209-275 miles
Eligible for EV tax credit
The ID.4 has a sophisticated, spacious and approachable design. Bringing production to the U.S. allows VW to slash the price of the model below his $40,000 mark, and the ID.4 will qualify for a new EV tax credit that applies only to vehicles built in North America. is ready. But shelling out a few thousand dollars more for bigger battery options and extra range might still be a good idea.
Kia Niro EV
2023 Kia Niro EV.
come
retail price: $39,550
EPA Estimated Range: 253 miles
Kia Niro gets a bold new look for model year 2023. Like its platform-sharing Kona, the Niro has his 201 horsepower, wide range and plenty of standard safety features.
Hyundai Ionic 5
2023 Hyundai Ioniq 5.
hyundai
retail price: $41,450
EPA Estimated Range: 220-303 miles
Ioniq 5 looks like a sci-fi flick, but it’s more than that. It also benefits from super-fast charging, up to 303 miles of range, and a modern, uncluttered interior.
Toyota BZ4X
Toyota BZ4X electric SUV.
Toyota
retail price: $42,000
EPA Estimated Range: 242-252 miles
Toyota has been a latecomer to the EV game compared to its rivals, and the BZ4X is its first and latest offering. It features bold looks and available all-wheel drive, but is available in limited quantities.
Tesla Model 3
Tesla Model 3.
Tesla
retail price: $43,990
EPA Estimated Range: 272-358 miles
Eligible for EV tax credit
Tesla’s first true mass-market product, the Model 3 is arguably the car that sparked the madness of today’s electric future.
After rare price cuts, the entry-level sedan costs $43,990 and has 272 miles. An extra $10,000 gets the Performance version, which increases range to his 315 miles, adds all-wheel drive, and cuts the car’s 0-60 mph time to his blistering 3.1 seconds. .