Cheapest Electric Cars to Buy in 2024
Introduction:
In recent years, the number of affordable electric vehicle (EV) options has significantly increased. However, choosing the right EV can still be a daunting task. To help you make an informed decision, we have compiled a list of the cheapest electric cars you can buy in 2024. From the budget-friendly Nissan Leaf to the sleek Hyundai Ioniq 6, there’s something for everyone. Let’s dive in and explore the options!
Nissan Leaf — $29,280:
The Nissan Leaf S is the most affordable EV on our list, with a starting price under $30,000. While it may be an older model, Nissan is rumored to release an update soon. One drawback is its use of the CHAdeMO charging standard, but a CCS adapter is now available for compatibility. The Leaf offers 150 miles on a charge, or you can opt for the larger battery version for 250 miles of range.
Mini Cooper SE — $31,895:
The Mini Cooper SE retains the iconic design of its gas-powered counterpart but offers a quiet and smooth driving experience. However, its limited range of 114 miles may not be practical for everyone. This EV is more suitable as a fun urban runabout rather than a long-distance cruiser.
Hyundai Kona Electric — $34,050:
The Hyundai Kona Electric provides ample space for passengers and cargo after its 2024 redesign. While it lacks all-wheel drive (AWD), it offers two driveline options. The Electric SE has a 133-horsepower motor and a 48.6 kWh battery with 197 miles of range. The Electric SEL and Limited have a larger motor and a 64.8 kWh battery, providing an impressive 260 miles of range.
Fiat 500e — $34,095:
Returning to the U.S. in electric form, the Fiat 500e is a tiny competitor to the Mini Cooper SE. It offers 149 miles of range, which is understandable given its small size. The Fiat 500e will be available in a special edition collaboration with the RED charity, raising money to combat AIDS.
Chevrolet Equinox EV — $34,995:
Replacing the Chevy Bolt as the brand’s cheapest electric offering, the Chevy Equinox EV is an exciting addition to the market. The base model comes with a single-motor front-wheel drive powertrain, producing 210 horsepower and 242 pound-feet of torque. With the smallest battery pack, it offers an estimated 250-mile range. Higher-spec Equinox EVs are available for those seeking more features.
Volvo EX30 — $36,245:
Surprisingly affordable for a luxury nameplate, the Volvo EX30 offers a budget-friendly entry into the EV market. The single-motor variant boasts a simple yet elegant interior, excellent driving dynamics, and a host of features. For an additional cost, you can upgrade to the Twin Motor Performance version for enhanced performance.
Fisker Ocean — $38,999:
As a newcomer on the scene, the Fisker Ocean offers a sporty small crossover at an affordable price point. Starting just under $40,000, it provides 231 miles of range and a 0-60 mph time of 6.9 seconds. However, the Fisker Ocean has faced reliability issues, leading to canceled reservations and an ongoing NHTSA investigation.
Tesla Model 3 — $40,380:
The Tesla Model 3 is one of the most popular electric sedans on the market. With its rear-wheel drive and a range of 272 miles on the base model, it offers a compelling option. For those looking for more power and all-wheel drive, the Dual Motor AWD version starts well under $50,000 and provides 341 miles of driving range.
Kia Niro EV — $40,975:
If you’re in the market for a small SUV, the Kia Niro EV is worth considering. With its efficient design and 253 miles of range on a single charge, it offers great value. For a more budget-friendly option, the Hyundai Kona Electric provides a similar experience with a shorter range.
Volkswagen ID.4 — $41,160:
The VW ID.4 electric crossover offers a comfortable and spacious interior. While the driving range for the 2024 model year hasn’t been announced, the 2023 model had a range of approximately 209 miles. Higher-spec models with a larger battery pack and all-wheel drive are available. However, some users have found the interior controls and infotainment system frustrating to use.
Mustang Mach-E — $41,695:
As an electric crossover bearing the iconic Mustang name, the Ford Mustang Mach-E offers an attractive and entertaining driving experience. The entry-level Select RWD trim provides 250 miles of range and a 0-60 mph time of 6.3 seconds. All-wheel drive is available for an additional cost, with a range of 226 miles.
Hyundai Ioniq 5 — $43,175:
The Hyundai Ioniq 5 stands out with its unique retrofuturistic design. The base SE Standard Range offers 220 miles of range with rear-wheel drive, but upgrading to a larger battery allows for 303 miles of range while remaining under $50,000. All-wheel drive options are available at a higher price point.
Hyundai Ioniq 6 — $43,565:
With its sleek design and impressive driving range, the Hyundai Ioniq 6 is a compelling electric sedan. The base SE RWD trim provides an impressive 361 miles on a single charge. Even with the addition of all-wheel drive, it still offers a respectable range of 316 miles. Its sporty driving dynamics make it an attractive alternative to the popular Tesla Model 3.
Kia EV6 — $43,975:
The Kia EV6, based on Hyundai Group’s E-GMP platform, offers a sportier vibe compared to the Hyundai Ioniq 5. The cheapest EV6 Light trim provides a range of 232 miles with rear-wheel drive and a 58-kilowatt-hour battery pack. Higher trim levels offer more power, range, and all-wheel drive options.
Toyota bZ4X — $44,420:
As Toyota’s first real EV, the bZ4X offers a good value in its front-wheel-drive versions. It is more user-friendly than its rear-drive competition. The XLE trim provides an estimated 252 miles of range, while the Limited trim offers 242 miles. All-wheel drive is available at an additional cost but reduces the driving range.
Nissan Ariya — $44,555:
Impressing with its strong specifications and value, the Nissan Ariya is a solid choice for an electric crossover. The base Engage FWD model offers 216 miles of range, with all-wheel drive and increased range options available at a higher cost. However, charging times are slower compared to competitors like Hyundai and Kia.
Tesla Model Y — $46,380:
The Tesla Model Y offers a more traditional SUV experience compared to the larger and pricier Model X. With its minimalist interior design and generous cargo space, it provides practicality and flexibility. The base model provides 260 miles of range with rear-wheel drive, while the Long Range version offers all-wheel drive and 330 miles of driving range.
Subaru Solterra — $46,735:
Subaru’s first EV, the Solterra electric crossover, shares its platform with the Toyota bZ4X. It comes standard with all-wheel drive and offers a range of 228 miles. This option is perfect for Subaru enthusiasts who crave a quieter outdoor experience.
Vinfast VF 8 – $47,200:
While the Vinfast VF 8 is only available in California at the moment, it offers an affordable EV option. With an EPA-rated range of 207 miles on the Eco trim, it provides decent value. However, reviews from other outlets have been less than favorable, so it’s worth waiting for more information before making a decision.
Honda Prologue — $48,795:
The Honda Prologue is Honda’s first mass-market EV for the U.S. market. Built on GM’s Ultium electric vehicle platform, it offers an impressive range of 296 miles on the base EX trim. This crossover provides a great alternative to the Chevy Blazer EV at a more affordable price point.
Conclusion:
As the electric vehicle market continues to expand, there are more affordable options available than ever before. From the budget-friendly Nissan Leaf to the luxurious Volvo EX30, there is an EV for every budget and preference. It’s important to consider factors such as range, charging compatibility, and additional features when making a decision. By exploring this list of the cheapest electric cars to buy in 2024, you can find the perfect EV that meets your needs and fits your budget. Happy driving!