Top 15 best affordable electric cars in the U.S- A complete guide 2024


“Affordable electric cars” generally refers to electric cars that are priced competitively with other non-electric cars in their class and are therefore considered more affordable than some of the more expensive electric vehicles on the market. These cars typically have a lower price point, making them more accessible to a wider range of consumers who are looking for a more environmentally friendly option for transportation. So just take a look at the best affordable electric cars in the U.S.

Top 15 best affordable electric cars in the U.S.

  1. 2023 Chevrolet Bolt EV
  2. 2023 Nissan Leaf 
  3. Mazda MX-30
  4. Hyundai Kona Electric
  5. 2022 Ford F-150 Lightning
  6. Mini Cooper SE Hardtop
  7. Volkswagen ID.4
  8. Kia Niro EV
  9. 2022 Volvo S60
  10. 2023 BMW 330e
  11. Toyota bZ4X
  12. 2022 Ford Mustang Mach-E
  13. Hyundai Ioniq 5 
  14. 2022 Polestar 2
  15. Subaru Solterra 

Trying to find the best EV for under $50,000 in the U.S.? Then you just need to search for the best affordable electric cars in the U.S. Let’s say less than $21,000. Here are the top inexpensive electric vehicles. We outline how much you can save on each one if you qualify because the majority of them comply with the conditions for the federal tax credit.

On average, electric cars (EVs) can save your household $1,000 in gasoline costs annually. Since they have single-speed transmissions, regenerative brakes, and no need for oil changes, they are less expensive to maintain than fossil fuel-powered vehicles.

EVs like the Chevy Bolt and Tesla Model 3 have five-star safety ratings from the National Highway Traffic Safety Administration, making them some of the safest vehicles to drive.

EVs are the best option if you’re worried about air pollution from vehicles. All-electric vehicles produce roughly 4,000 pounds of CO2 equivalent annually while creating no direct emissions, compared to about 11,000 pounds of CO2 equivalent for gasoline-powered vehicles. EVs are a common purchase because of all of these environmental advantages, especially when compared to alternatives.

Here are some of the safest and most functional electric vehicles currently available. The majority of these options were built in North America, use batteries that were sourced from the US or its free trade partners, and satisfied the requirements for the federal tax credit. If you meet the requirements, I’ve broken down how much you can save on each of them.


Chevrolet Bolt EVs are the best affordable electric cars in the U.S. with a price of $26,595. Let’s see some of the cheapest and best affordable electric cars in the U.S.

2023 Chevrolet Bolt EV (Price: $26,595)

2023 Chevrolet Bolt EV


  1. Exceptional value
  2. Your myChevrolet app can assist you in determining when to recharge.
  3. Alexa built-in, 10.2-inch tablet integrated with Apple CarPlay and Android Auto
  4. Chevy Security Aid


  1. Does not qualify for a tax credit


  1. 120 MPGe (miles per gallon of gasoline-equivalent) (miles per gallon of gasoline-equivalent)
  2. 259 miles maximum per charge
  3. Maximum rate: 90.1 mph
  4. Maximum power: 200 hp
  5. Speeds up from 0 to 60 in 6.5 seconds.
  6. Price: $26,595

On our overall list, the Chevy Bolt won the award for best affordable electric cars in the U.S., and it again takes the top spot here. It is a well-equipped electric vehicle (EV) with high safety standards. The base model comes with Chevy Safety Assist, which includes front pedestrian braking, forward collision alert, automatic emergency braking, lane keep assist, distance indication for a car you’re following, and auto highlights that adjust to traffic conditions.

Don’t worry about charging because customers who purchase or lease a 2022 or 2023 Bolt EV or EUV will receive a free home charging station. Chevy will pay to have a Level 2 (240-volt) charging outlet installed in your home, allowing for quicker and more convenient charging. Additionally, there are around 40,000 public charging outlets.

Sadly, the Bolt is not eligible for the $7,500 EV tax credit because Chevrolet has used up all 200,000 credits for the EUV and EV models for 2022 and 2023. Even yet, the Bolt’s starting price is reasonable for a dependable vehicle.

2023 Nissan Leaf  (Price: $27,800)

2023 Nissan Leaf


  1. The price might be reduced following a potential federal tax credit.
  2. protection measures
  3. a little bit more oomph than the Bolt Standard’s six speakers
  4. and comes with a limited lithium-ion battery warranty of eight years and 100,000 miles.


  1. A little fewer miles per charge than the Bolt


  1. 121 MPGe (miles per gallon of gasoline-equivalent) (miles per gallon of gasoline-equivalent)
  2. 212 miles maximum on a single charge (with 60 kWh battery)
  3. Speed cap: 106 mph (on the SV Plus)
  4. Maximum power: 214 hp
  5. Speeds up from 0 to 60 in 7.4 seconds.
  6. $27,800 (after the full federal tax credit, $20,300)

The Nissan Leaf S and SV Plus models are both eligible for the full federal tax credit which makes them the best affordable electric cars in the U.S. The standard Leaf S has a 40 kWh battery and can travel 149 miles on a single charge. It accelerates from 0 to 60 mph in 7.4 seconds. With a stronger 60 kWh battery, the SV Plus offers an extra 212 miles of range on a single full charge.

Your car battery is covered by a warranty for eight years or 100,000 miles, whichever comes first, covering any defects in the materials or workmanship.

Utilizing the accelerator pedal, you may start, accelerate, decelerate, and stop using the e-Pedal feature. There are numerous safety features, including rear automatic braking, high beam assist, radar-based blind spot warnings, automatic emergency braking that detects pedestrians, warnings for lane departures, and more.

Nissan’s ProPILOT Assist semi-autonomous driving mode is included with the SV Plus.

Mazda MX-30 (Price: $34,695)

Mazda MX-30


  1. Solid Performance
  2. Sized Right for Some Buyers
  3. High-End Seating
  4. Solid Infotainment System
  5. Keeping Passengers Safe
  6. Convenient Amenities
  7. An Elegant Exterior
  8. So Many Options
  9. A Budget-Friendly Vehicle
  10. Carbon Edition Is a Fun Option


  1. No Hybrid Option
  2. Top Trims Are Limited in Some Ways
  3. No Touchscreen
  4. Non-Turbo Engine Is Not Exciting


  1. Starting price: $34,695
  2. EPA-estimated range: 100 miles
  3. Eligible for the federal plug-in tax credit? No

The MX-30, Mazda’s first fully electric vehicle sold in the United States, first went on sale in California in October. The automaker said a national rollout would take place “over the coming years.” It is a hatchback that resembles an S

UV and has a coupe-style roof, rear-hinged half doors, and a simple interior.

Inside, there are eco-friendly materials like recycled plastic bottle fibers for the door trim, animal-free upholstery, and cork in the center console.

The front wheels are driven by an electric motor with 144 horsepower and 200 pounds-feet of torque that is powered by a 35.5 kWh battery; all-wheel drive (AWD) is not an option.

Even among low-cost EVs like the Leaf and Bolts, a total range of just 100 miles is disappointing, but Mazda offers a few additional benefits, like a predetermined number of free charging stations.

Hyundai Kona Electric (Price: $34,845)

Hyundai Kona Electric


  1. Good value proposition
  2. Very efficient and refined powertrain
  3. Conventional connectivity, quicker charging


  1. Too cramped, stiff ride
  2. The cabin is noisier than expected
  3. Button-operated gear shift needs getting used to


  1. Starting price: $34,845
  2. EPA-estimated range: 258 miles
  3. Eligible for the federal plug-in tax credit? No

The reason behind saying Kona electric cars as the best affordable electric cars in the U.S. are as follows.

This four-door subcompact SUV is largely similar to the gasoline Kona in terms of styling and interior layout: It is spacious up front but constrained in the backseat and cargo area.

The Kona Electric has a 64-kWh battery, a 201-hp electric motor that powers the front wheels, and DC fast-charging technology that allows it to charge from 10% to 80% in as little as 47 minutes. For 2022, the Kona line was updated, and the Kona Electric received new wheels, interior changes, a 10.25-inch touchscreen, a 10.25-inch instrument display, and a redesigned center console with wireless charging capability.

Kona Electric remains largely unchanged for 2023. A small number of states, mainly those with electric vehicle mandates, allow dealers to sell the Kona Electric.

2022 Ford F-150 Lightning (Price: $39,974)

2022 Ford F-150 Lightning


  1. 7,700 towing capacity
  2. 15.5-inch touchscreen
  3. Apple CarPlay and Android Auto
  4. Phone as a key
  5. Automatic software downloads
  6. Hands-free driving


  1. Higher price point


  1. Up to 230 miles on a single charge
  2. Max speed: 120 mph
  3. Max power: 452 horsepower
  4. Accelerates 0-60 in 4 seconds
  5. Price: $39,974 ($32,474 after full federal tax credit)

The $7,500 federal tax credit is also available for this six-seater F-150. It has a 7,700-pound towing capacity, a 15.5-inch touchscreen, a B&O sound system, numerous safety features, and the ability to use a phone as a key.

The heart of this experience is the FordPass app. Through the app, you are always aware of how much battery life is left. You can use the app to accrue maintenance points and control your vehicle’s start, stop, lock, unlock, scheduled start, and location.

More than 75,000 chargers are part of the BlueOval network, so if you’re traveling, you can find a charger along the way.

Using a camera that faces the driver, Ford BlueCruise’s hands-free driving operates as follows: In North America, there are more than 130,000 miles of highways where you can put your hands down which makes them the best affordable electric cars in the U.S.

Ford 150 Lightenings are not only the best affordable electric cars in the U.S. but they are pre-collision assist with automatic emergency braking, auto high beams, and intelligent adaptive cruise control are just a few of the safety features that come standard.

Mini Cooper SE Hardtop (Price: $35,075)

Mini Cooper SE Hardtop


  1. Incredibly fun to drive
  2. The Mini experience in an EV
  3. Inexpensive with incentives
  4. Tight handling


  1. Not as quick as a Mini S
  2. Driver assistance features feel dated
  3. Low EV range


  1. Starting price: $35,075
  2. EPA-estimated range: 114 miles
  3. Eligible for a federal plug-in tax credit? No

The Cooper SE Hardtop, a two-door, four-seat hatchback that was once the cheapest EV in America, has been outpriced by several rivals. The Mini has plenty of miles for daily commuting use despite its relatively short range. The Cooper SE Hardtop could entice buyers looking for a fun urban runabout or second car with its sporty looks and driving manners, 181-hp electric motor (good for 0-60 mph in 6.9 seconds), and small size.

Despite its limited range, Mini claims that the 32.6 kWh battery can be fully charged using a Level 2 home or public charger in about four hours using 7.4 kilowatts of AC power. The 2023 model is largely unchanged from the 2022 model, except for some new exterior colors and interior upholstery options, despite a significant price increase.

Volkswagen ID.4 ( Price: $38,790)

Volkswagen ID.4


  1. Swift Acceleration
  2. Rear- and All-wheel-drive Are Available
  3. A Functional Climate Control System
  4. A Quiet Ride
  5. A Spacious Interior Design


  1. Swift Acceleration
  2. Rear- and All-wheel-drive Are Available
  3. A Functional Climate Control System
  4. A Quiet Ride
  5. A Spacious Interior Design


  1. 2022 Volkswagen ID.4 | photo by Christian Lantry
  2. Starting price: $38,790
  3. EPA-estimated range: 208-275 miles (estimated)
  4. Eligible for the federal plug-in tax credit? No

The ID.4 is a compact SUV with reasonable interior space. Although the standard for the EV ride quality is pretty low, it is also one of the more enjoyable and comfortable mainstream EVs to drive. City drivers will also value the 33.6-foot turning diameter, which is exceptionally small.

Although a portion of the interior’s design includes touch-sensitive controls, we found them to be difficult to use despite the interior’s clean design and good quality. The minimum touchscreen size is 10, and the maximum is 12. There are 18.9 cubic feet of cargo space behind the backseat, which is more than the Ford Mustang Mach-E but noticeably less than the Tesla Model Y, according to independent testing by

The 2023 model introduces a Standard trim that costs thousands of dollars less than models with larger batteries and has a smaller, 62-kWh battery pack. Although the official EPA ratings are not yet available, Volkswagen believes this version’s range to be 208 miles. Larger batteries extend the range of ID.4s. With a 201-hp electric motor and an 82-kWh battery, the RWD ID.4 Pro has a moderate amount of acceleration and an EPA-rated range of 275 miles.

With the same battery and motor but more standard features, the higher-level ID.4 Pro S trim’s range rating is reduced by 13 miles. There is a dual-motor AWD option with 295 horsepower and a towing capacity of up to 2,700 pounds, but the range is reduced to 251 miles for the Pro and 245 miles for the base model.

Kia Niro EV (Price: $40,745)

Kia Niro EV


  1. Electric Motor Packs a Punch\
  2. Charging Is Convenient
  3. A Versatile Cabin
  4. So Much Advanced Technology


  1. Front-Wheel Drive Only
  2. Sits Low to the Ground
  3. Second Row Isn’t That Big


  1. 2021 Kia Niro EV | Manufacturer image
  2. Starting price: $40,745
  3. EPA-estimated range: 253 miles
  4. Eligible for a federal plug-in tax credit? No

The Niro EV from Kia is a member of a lineup of hatchbacks that are exclusively electric, along with hybrid and plug-in hybrid variations, all of which underwent a complete makeover for the 2023 model year. Thus the Niros EV from Kia is known as the best affordable electric car in the U.S.

The 2023 Niro EV has the same platform as its forerunner and is expected to have a maximum range of 253 miles thanks to a 64.8 kWh battery pack, a 201-hp motor, and standard front-wheel drive. Buyers should look for the base Niro Wind; the loaded trim is the Wave, for the price stated above.

2022 Volvo S60 (Price: $41,300)

2022 Volvo S60


  • Google built-in
  • Air purifier
  • Bowers & Wilkins audio system


  1. More expensive


  1. 74 MPGe (miles per gallon of gasoline-equivalent)
  2. Max speed: 112 mph
  3. Max power: 455 horsepower
  4. Accelerates 0-60 in 4.3 seconds
  5. Price: $41,300 ($33,800 after full federal tax credit)

The Volvo S60 is known to be the best affordable electric cars in the U.S., with a starting price of $41,300, had to make an appearance even though this list is all about electric vehicles. You don’t even need to plug it in; it is included in the list of vehicles that qualify for the tax credit.

You’ll cut back on tailpipe emissions (completely electric vehicles have none) and fuel use. The car has Google Maps, Google Assistant, and Google Play built-in, as well as an air purifier and a Bowers & Wilkins audio system.

The $7,500 federal tax credit is available for the 2022 Extended Range model, but your savings will only amount to about $5,400 if you purchase an older standard model. The S60 Recharge costs $51,250 more, but it is entirely electric. It has similar benefits to the S60 and 455 horsepower. It is also qualified for the entire $7,500 credit.

2023 BMW 330e (Price: $43,300 )

2023 BMW 330e


  1. Eligible for a federal tax credit
  2. BMW Ultimate Care warranties
  3. Active protection system
  4. BMW Assist eCall feature
  5. 10-speaker sound system
  6. Acceleration, speed, and horsepower are impressive


  1. Higher price point


  1. Max speed: 130 mph
  2. Max power: 288 horsepower
  3. Accelerates 0-60 in 5.6 seconds
  4. Price: $43,300 ($37,464 after partial federal tax credit)

The BMW 330e sedan’s 288 horsepower total power output maximizes performance and efficiency. The active protection system prioritizes safety by detecting collisions and automatically preparing for them by lowering the moonroof, pre-tensioning the seatbelts, and turning on post-crash braking. For any urgent requests, you can use the BMW Assist eCall feature.

This car includes upscale features like power folding, heated side mirrors, and a superior 10-speaker audio system. The two-way glass moonroof opens with just a touch, and the windshield wipers are rain-sensing. The car and key memories are superior to those in the average car; they save your most recent preferences for lighting, mirrors, temperature, and other factors to ensure a comfortable ride.

Without the federal tax credit (which is capped at about $5,800), the 330e sedan starts at $43,300. BMW Ultimate Care, which includes an 8-year/80,000-mile high-voltage battery warranty, has you.

Toyota bZ4X (Price: $43,335)

Toyota bZ4X


  1. Impressive interior space
  2. All models get the same big battery
  3. Actually offers offroad skills (AWD version)
  4. Refined drive
  5. Comfort


  1. Not the highest quality interior
  2. Irritating driver alertness monitor
  3. Driver display is not in a great position


  • 2023 Toyota bZ4X | photo by Melissa Klauda
  • Starting price: $43,335
  • EPA-estimated range: 222-252 miles
  • Eligible for federal plug-in tax credit? No

With a battery pack size of 71.4 kWh for FWD models and 72.8 kWh for AWD versions, Toyota’s bZ4X SUV offers a choice of single-motor FWD or dual-motor AWD powertrains. Depending on the configuration, the range ranges from 222 to 252 miles, with the base FWD XLE having the highest rating. That could be a benefit for customers looking to buy the bZ4X for the lowest price possible because the least expensive model has the greatest range.

The bZ4X favours comfort over performance; FWD results in 201 hp, while adding a second motor and AWD only slightly increases the power figure, to 214 hp. Additionally, the bZ4X’s charging capabilities fall short of those of some rivals, which might make it better suited for use as a secondary commuter vehicle rather than a full-time family transporter.

2022 Ford Mustang Mach-E (Price- $43,895)

2022 Ford Mustang Mach-E


  1. Competitive EV range and value
  2. Like a sports car on the road
  3. Dazzling design


  • Odd driveline behavior
  • Like a sports car off-road


  • $43,895
  • U.S. News Score: 8.4/10 |
  • Standard Range: 247 miles

The Ford Mustang Mach-E features quick acceleration, agile handling, a plush ride, and a roomy, welcoming interior. It has the performance that Mustang fans are accustomed to, and its crossover design makes it more useful. The Insurance Institute for Highway Safety also named the Mach-E a 2022 Top Safety Pick (IIHS).

The standard Mustang Mach-E with rear-wheel drive has 266 horsepower and an EPA-estimated range of 247 miles. However, there are several variations available, including an all-wheel-drive model with 480 horsepower and an extended-range model with a range of up to 314 miles.

The Mach-E has a luxurious cabin with high-end materials and soft-touch surfaces inside. It has adequate cargo space and five adults can sit comfortably.

Synthetic leather upholstery, a user-friendly 15.5-inch touch screen, wireless device charging, a Wi-Fi hotspot, and wireless Android Auto and Apple CarPlay are notable standard features of the 2022 Mustang Mach-E. Additionally, Ford’s Co-Pilot 360 suite of driver assistance systems is standard equipment on the Mach-E.

Hyundai Ioniq 5  (Price: ​​$44,895)

Hyundai Ioniq 5


  1. EV Easy Rider
  2. Comfortable Cabin
  3. Fast Charging, Indeed


  1. Turn and Face the Strain
  2. Efficiency Over Emergency
  3. Climate, Climate Control Concerns


  1. 2022 Hyundai Ioniq 5 | Manufacturer image
  2. Starting price: ​​$44,895
  3. EPA-estimated range: 220-303 miles
  4. Eligible for the federal plug-in tax credit? No

The Hyundai Ioniq 5 has specs similar to the Kia EV6’s (Kia and Hyundai are affiliated automakers). That includes a similar choice of standard- or long-range battery packs and either RWD or AWD, though the Ioniq 5 has both slightly lower range estimates and a slightly higher price than the EV6.

It, too, can use 350-kW DC fast charging and also includes vehicle-to-load capabilities. For 2023, Hyundai improved the range of the AWD Ioniq 5s to 266 from 256 miles, increased the maximum towing capacity for most models to 2,300 pounds from 1,650, and added a battery preconditioning feature.

2022 Polestar 2 (Price – $45,900)

2022 Polestar 2


  1. Elegant and intuitive technology
  2. Sleek and comfortable interior


  1. Lacks standard safety tech
  2. Other EVs have more range


  1. $45,900
  2. U.S. News Score: 8.5/10
  3. Standard Range: 265 miles

The Polestar 2 has a more affordable base configuration with a greater range for 2022. It has a front-wheel drive system with a single motor, which is less effective than an all-wheel drive system with two motors. Polestar, however, provides the latter as an upgrade. The configuration can range from 231 to 408 horsepower.

Any version of the Polestar 2 offers satisfying acceleration and responsive handling. Although comfortable, the ride is a little stiff.

The minimalist cabin of the Polestar 2 is luxurious and filled with high-quality materials. It has decent cargo space and two rows of seats with enough room for four adults.

Heated front seats, a hands-free power liftgate, a user-friendly 11.2-inch touch screen that works with Google and Android software, and a 12.3-inch digital instrument panel are all included in the 2022 Polestar 2. Despite not having undergone crash testing, the Polestar 2 is equipped with a number of safety features as standard.

Subaru Solterra  (Price: $46,220)

Subaru Solterra


  1. More ground clearance than most EVs
  2. Quiet and comfortable
  3. Good feature content even on base models


  1. Higher MSRP than base Forester or Ascent
  2. No frunk
  3. The elevated floor can be uncomfortable in the rear seat


  1. Starting price: $46,220
  2. EPA-estimated range: 228 miles
  3. Eligible for the federal plug-in tax credit? No

The Subaru Solterra and the Toyota bZ4X both use the same platform, and the Subaru Solterra’s primary selling point is its standard AWD. The Solterra’s maximum range is estimated to be 228 miles, and it is powered by the same dual motor system as the bZ4X, using a 72.8-kWh battery pack. Another intriguing difference is that the Solterra has slightly more horsepower and torque than the bZ4X: 215 horsepower instead of 214 and 249 pounds-feet of torque instead of 248.

It’s important to know that as of the time of writing, stop-sale orders are in effect for both the bZ4X and Solterra. Early versions of the Solterra and bZ4X both experienced “wheel falling off” issues that ultimately resulted in a stop-sale order, but the two manufacturers seem to have resolved the problem now.

What are the best affordable electric cars in the U.S.?

The Chevy Bolt EV is the best inexpensive EV because it provides a lot of value for the money. It is well-liked because the tax credit’s sales cap has been reached. Another popular option is the Nissan Leaf, which is still eligible for the full credit because its sales cap hasn’t been reached. It would cost less than the Bolt with the credit.

The table below shows the best affordable electric cars in the U.S.

ProductPriceMax SpeedMax Power
Chevrolet Bolt$26,59590.1 mph200 horsepower
Nissan Leaf$27,800 ($20,300 after full federal tax credit)106 mph214 horsepower
BMW 330e$43,300 ($37,464 after partial federal tax credit)130 mph288 horsepower
Ford F-150 Lightning$39,974 ($32,474 after full federal tax credit)120 mph452 horsepower
Volvo S60$41,300 ($33,800 after full federal tax credit)112 mph455 horsepower
Best affordable electric cars in the U.S.

Which are the right and best affordable electric cars in the U.S. for you?

The choices listed below demonstrate that affordability need not mean sacrificing quality. The Ford F-150 is a fantasy come true if you’re looking for a tough electric truck with room for six people. Choose the Volvo S60 if you care more about having an air purifier and Bowers & Wilkins audio system inside. All of these options, with the exception of the Chevrolet Bolt, are currently eligible for the Clean Vehicle Credit under the Inflation Reduction Act of 2022.

Thus below table shows you the right and best affordable electric cars in the U.S.

The right and best affordable electric cars in the U.S.If you want…
Chevrolet BoltThe best affordable electric cars in the U.S. overall
Nissan LeafThe cheapest option with some great features
BMW 330eLuxurious but still best affordable electric cars in the U.S… sedan
Ford F-150 LightningA 6-seater truck that’s fit for adventures
Volvo S60A powerful sedan with 455 combined horsepower — plus Google built-in and high-end audio
The Right and Best Affordable Electric cars in the U.S.

How did we choose the best affordable electric cars in the U.S.?

Choosing the best affordable electric cars in the U.S. is quite simple. Just keep the below in consideration.

I made the decision to focus on both affordability and qualification for the credit after writing about the revised EV tax credit considerations and examining the manufacturers on that list. I considered a variety of vehicles, such as sedans and trucks, and in the list of honorable mentions at the end of this article, I even point out the Chrysler Pacifica PHEV, a plug-in hybrid minivan that is eligible for the credit.

I wanted to make sure the cars on this list of the best met the requirements of the Inflation Reduction Act of 2022 and had high-end features at competitive prices.

How much is the federal tax credit and how does it work?

As we are going through the best affordable electric cars in the U.S. so let’s know something about the federal tax credit provided with them. Only those reporting annual adjusted gross incomes of $150 000 or less, or $300 000 for joint filers, are eligible for the federal EV tax credit.

In addition to other considerations like whether the battery’s component parts are from North America, the amount you are eligible for depends on your income tax as well as the size of the electric battery in the car.

There are words like “may” and “up to” around the $7,500 credit, so you might be eligible for up to a $7,500 federal tax credit for your electric vehicle. If you paid $3,000 in income tax this year and bought a Ford F-150 Lightning, you would be eligible for a federal tax credit for that amount. You would be entitled to the full $7,500 if your federal income tax

Yes, if you purchase an EV now, you could save up to $7,500 on your taxes in the spring.

You can’t just walk into a dealership and expect to get these discounts right away. However, starting in 2024 you should be able to get your credit at the dealer, according to the US Department of Energy.

The best affordable electric cars in the U.S. and how the federal tax credit can save you $7,500

The best affordable electric cars in the U.S. are as follows.

  1. 2023 Chevrolet Bolt EV. Best Affordable Electric cars in the U.S. overall. …
  2. 2023 Nissan Leaf. Best affordable electric cars in the U.S. …
  3. 2023 BMW 330e. Best performance from the best affordable electric cars in the U.S. …
  4. 2022 Ford F-150 Lightning. Best electric truck on a budget. …
  5. 2022 Volvo S60. Best affordable electric cars in the U.S. …


The table below shows the list of the cheapest current, upcoming, and best affordable electric cars in the U.S.

Electric Vehicle ModelMSRP (USD)Release Date
Kandi K27 (2021)$17,499Available
WM Motor EX5-Z (2021)*$23,400*Available*
Dacia Spring*$24,000*Available (limited)*
smart EQ fortwo coupé (2021)*$24,435*Available*
Xpeng P5 460G*$24,549*Available (China) Europe TBD*
smart EQ forfour (2021)*$25,117*Available*
WM Motor W6 (2021)*$26,500*Available*
smart EQ fortwo cabrio (2021)*$27,206*Available*
Nissan LEAF S (2022)$27,400Available
Kandi K23 (2021)$27,499Available
Nissan LEAF SV (2022)$28,800Available
MINI Cooper Electric SE Hardtop 2-Door (2022)$29,900Available
Chevy Bolt EV 1LT (2022)$31,000Available
Nissan LEAF S (2021)$31,620Available
Opel Corsa-e (2021)*$31,640*Available*
Peugeot e-208 Active (2021)*$32,000*Available*
Citroën ë-C4 Sense Plus (2021)*$32,150*Available*
NISSAN E-NV200 Visia (2021)*$32,200*Available*
Nissan LEAF S Plus (2022)$32,400Available
Chevy Bolt EUV LT (2022)$33,000Available
Hyundai IONIQ Electric (2021)$33,045Available
Mazda MX-30 (2022)$33,470Available
Citroën ë-C4 Shine (2021)*$33,500*Available*
Peugeot e-208 Allure (2021)*$34,000*Available*
Chevy Bolt EV 2LT (2022)$34,200Available
Xpeng P5 600P*$34,811*Available (China) Europe TBD*
Nissan LEAF SV (2021)$34,910Available
NISSAN E-NV200 Acenta (2021)*$35,000*Available*
Nissan LEAF SV Plus (2022)$35,400Available
Aiways U5 Standard (2022)*$36,800*Available*
NISSAN E-NV200 Tekna (2021)*$37,000*Available*
Citroën ë-C4 Shine Plus (2021)*$37,100*Available*
Peugeot e-2008 Active SUV (2021)*$37,300* 
Peugeot e-208 GT (2021)*$37,300*Available*
Hyundai Kona Electric (2022)$37,390Available
Nissan LEAF SL Plus (2022)$37,400Available
Chevy Bolt EUV Premier (2022)$37,500Available
Fisker Ocean (2022)$37,900November 2022
Renault Zoe E-Tech (2021)*$38,150*Available*
Nissan LEAF S Plus (2021)$38,220Available
Renault Kangoo E-Tech (2021)*$39,000*Available*
Kia Niro EV (2022)$39,090Available
Peugeot e-2008 Allure SUV (2021)*$39,150*Available*
Renault Zoe E-Tech Van (2021)*$39,725*Available*
Tesla Model 3 Standard Range Plus (2021)$39,990Available
Volkswagen RWD ID.4 Pro (2021)$39,995Available
Opel Mokka-e (2021)*$40,100*Available*
Honda e*$40,300*Available*
Nissan LEAF SV Plus (2021)$40,470Available
Xpeng G3*$41,000*Available*
Volkswagen ID.3 Pro (2021)*$41,580*Available*
Peugeot e-2008 GT SUV (2021)*$41,750*Available*
Ford Mustang Mach-E Select (2021)$42,895Available
Volkswagen AWD ID.4 Pro (2021)$43,465Available
BYD Tang EV (2021)*$43,700*Available*
WM Motor EX6 Plus (2021)*$43,750*Available*
Nissan LEAF SL Plus (2021)$43,970Available
Citroën Berlingo Electric (2021)*$44,300*Available*
BMW i3 (2021)$44,450Available
Volkswagen RWD ID.4 Pro S (2021)$44,495Available
cheapest, current upcoming and the best affordable electric cars in the U.S.

Here we see the Top 15 best affordable electric cars in the U.S.

Last year’s survey on the best affordable electric cars in the U.S.

  1. 2022 Nissan Leaf—$28,495
  2. 2022 Mini Cooper SE Hardtop—$30,750
  3. 2022 Mazda MX-30—$34,695
  4. 2022 Chevrolet Bolt EV—$32,495
  5. 2022 Chevrolet Bolt EUV—$34,495
  6. 2022 Hyundai Kona Electric—$35,295
  7. 2022 Kia Niro EV—$41,285
  8. 2022 Ford F-150 Lightning—$41,769
  9. 2022 Hyundai Ioniq 5—$41,245
  10. 2022 Volkswagen ID.4—$42,525


Here We list out the top 15 best affordable electric cars in the U.S. And discusses its Advantages, Disadvantages, price and features of its in detail. Also discusses on federal tax also and mention the last year survey.

Frequently Asked Questions.

Which electric cars qualify for the latest federal tax credit?

Beginning on January 1, 2023, the majority of the EVs on this list are eligible for the federal tax credit. However, you can find out more about whether a particular car qualifies and how much you can save by visiting

What are the three drawbacks of an electric vehicle?

We’ve discussed the benefits of EVs, including how they can help you save money and reduce your carbon footprint. But there are drawbacks as well:
On the go, it can be challenging to locate EV charging stations. If you buy a 2022 or 2023 Bolt EV or EUV, Chevy will install a Level 2 charging station in your home.

Other businesses also offer to charge stations, apps, and planning services so you can map out where to find a charge on your next road trip.
Charging periods You won’t fill up this car with gas and drive straight out of the gas station. The vehicles on this list charge fairly quickly, but they are not always immediately ready to go.

Some require charging overnight. An EV may take some time to get used to if you’re someone who frequently forgets to charge their phone or hates waiting in general. The battery lasts over 200 miles, so you don’t always need to charge the car completely.

How much does a new battery for an electric car cost?

If your car is still under warranty, you can typically get a replacement battery for no extra charge. A new battery can cost up to $20,000 if the warranty has expired.

Are there any other EVs that merit consideration?

Of course! Final assembly in North America is the first requirement for inclusion on this list, so even though these cars aren’t the cheapest of the cheap cars available, they are under $50,000 and offer a variety of features. They total less than $40k after the tax credit.

What is the best affordable electric car in the U.S.?

The Bolt from Chevy is the most reasonably priced EV on the market and a great value. A spacious interior, comfortable ride, and a long battery range provide good value. With a typical, Level 2, 240-volt home charger, the Bolt can be fully recharged in 7 hours and has a 259-mile driving range on a single charge. Thus, the best affordable electric cars in the U.S. are nothing but the Bolt of Chevy.

What is the cheapest and most reliable electric car?

California ranked as the best state to own an electric vehicle in a recent study by the personal finance website, despite being the fourth least accessible state to charge an EV on the Forbes Advisor list. And you will get the best affordable electric cars in the U.S. from the state of California.

Which is the most reliable electric car?

The 11 most reliable electric cars
Renault Zoe (2013-present) …
BMW i3 (2013-2022) …
Nissan Leaf (2019-present) …
Tesla Model 3 (2019-present) …
Kia e-Niro (2019-2022) …
Volkswagen e-Golf (2013-2020) Reliability rating: 94.7% …
MG ZS EV (2019-present) Reliability rating: 95.5% …
Nissan Leaf (2011-2018) Reliability rating: 98.9%

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About Author.

Bharat Suthar

I am principal creator of I like riding Electric Car, UTV in mountains and Terrain, Also I try to share all the real life experience here in the site.I am really dedicated to write about my experience. I love doing all the outdoor activity including riding electric car, dirt biking and hiking.

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