Purchasing a new electric vehicle (EV) is undoubtedly a significant expense, but it’s also an excellent long-term investment.
Whether you’re going through EV options for the first time or upgrading to a newer model, understanding the key features and differences between vehicles can help you make an informed decision.
Here’s a guide to what to consider and a roundup of the best EVs on the market.
1. 2024 Tesla Model 3 Standard Range
Best Electric Car for Most People
- Price: Starting at $41,630
- Range: 272 miles
- Efficiency: 4 mi/kWh, 132 MPGe
- Charging: Max DCFC 250 kW, 10-80% in 18 minutes
The Tesla Model 3 Standard Range offers the perfect balance of affordability, range, and cutting-edge technology. Eligible for federal and state EV incentives, its effective cost can dip below that of many traditional sedans.
The car’s single-motor rear-wheel-drive configuration provides smooth performance, going from 0 to 60 mph in 5.8 seconds. Plus, Tesla’s extensive Supercharger network ensures reliable long-distance travel.
2. 2024 Hyundai Ioniq 5
Our Favorite Electric Car
- Price: Starting at $43,195
- Range: 303 miles
- Efficiency: 3.4 mi/kWh, 114 MPGe
- Charging: Max DCFC 236 kW, 10-80% in 18 minutes
The Hyundai Ioniq 5 offers a futuristic design and versatile performance, making it a standout in its class. Its spacious interior combines hatchback practicality with SUV-like cargo space.
It supports ultra-fast charging and features bidirectional charging, which lets you use its battery to power external devices.
3. 2024 Rivian R1T
Best Electric Truck
- Price: Starting at $71,700
- Range: Up to 420 miles
- Efficiency: 2.5 mi/kWh, 84 MPGe
- Charging: Max DCFC 220 kW, 10-80% in 41 minutes
The Rivian R1T is a rugged electric pickup designed for adventurers. It features a powerful quad-motor system and unique elements like the Gear Tunnel storage.
With 420 miles of range in the Dual Max configuration and compatibility with both Tesla’s Supercharger network and Rivian’s Adventure Network, it’s an ideal choice for off-road enthusiasts.
4. 2024 Kia EV9
Best Three-Row Electric SUV
- Price: Starting at $56,395
- Range: 304 miles
- Efficiency: 2.6 mi/kWh, 89 MPGe
- Charging: Max DCFC 236 kW, 10-80% in 24 minutes
For families, the Kia EV9 strikes a balance between practicality and innovation. It combines a low step-in height for easy access with excellent driving range and tech options.
The EV9 also features V2L bidirectional charging, adding utility during power outages or outdoor activities.
5. 2024 Hyundai Kona Electric
Best Affordable Electric Car
- Price: Starting at $34,070
- Range: Up to 261 miles
- Efficiency: 3.45 mi/kWh, 118 MPGe
- Charging: Max DCFC 100 kW, 10-80% in 43 minutes
The Kona Electric offers excellent value for budget-conscious buyers. Its updated design, improved range, and modern driver-assist features make it a compelling alternative to pricier models.
With an urban-friendly size and practical charging port location, it’s great for city dwellers.
6. 2024 BMW i7 xDrive60
Best Luxury Electric Car
- Range: 324 miles
- Efficiency: 2.63 mi/kWh, 89 MPGe
- Max DCFC: 195 kW, 10–80% charge in 34 minutes
- Features: BMW Highway Assistant, hands-free soft-close doors, 31.3-inch 8K BMW Theater Screen with 5G-powered Amazon Fire TV apps
- Starting Price: $125,195
The 2024 BMW i7 xDrive60 represents the pinnacle of the brand’s electric sedan lineup, showcasing a powerful combination of 536 horsepower, 549 pound-feet of torque, and an array of advanced features from BMW’s extensive repertoire.
With an impressive electric range of up to 318 miles, the i7 also introduces custom electric motor sounds composed by Hans Zimmer.
Moreover, it is one of the first BMW vehicles to include the upgraded Highway Assistant, which enables Level 2 hands-free driving at speeds of up to 85 mph.
The interior of the i7 offers a level of luxury that redefines BMW’s standards. Highlights include crystal controls, premium leather, and cashmere trim.
The dual-dashboard displays—measuring 12.3 inches and 14.9 inches, respectively—are undeniably striking, but they pale in comparison to the jaw-dropping 31.3-inch 8K BMW Theater Screen.
7. 2024 Lucid Air
Most Range and Efficiency
- Price: Starting at $71,400
- Range: Up to 516 miles (Grand Touring)
- Efficiency: 5.0 mi/kWh, 146 MPGe
- Charging: Max DCFC 300 kW, 10-80% in 16 minutes
The Lucid Air is a luxury sedan that redefines range and energy efficiency. Its sleek design houses groundbreaking battery and aerodynamic technology, offering unparalleled range and performance.
The Lucid Air Pure configuration achieves an astounding 5.0 mi/kWh, making it the most efficient EV available.
8. 2024 Tesla Model Y Long Range AWD
Best Small Electric SUV
- Price: Starting at $51,880
- Range: 330 miles
- Efficiency: 3.85 mi/kWh, 123 MPGe
- Charging: Max DCFC 210 kW, 10-80% in 17 minutes
The Tesla Model Y combines the performance and tech of the Model 3 with added cargo space and a higher seating position.
It’s a popular choice for families and travelers thanks to its extensive range and Tesla’s reliable charging network.
9. 2024 Porsche Taycan GTS
Best Electric Sports Car
- Price: Starting at $140,950
- Range: 246 miles
- Efficiency: 2.44 mi/kWh, 83 MPGe
- Charging: Max DCFC 270 kW, 10-80% in 20 minutes
The Porsche Taycan GTS delivers thrilling performance with top-tier craftsmanship. While its range doesn’t lead the segment, it excels in driving dynamics, build quality, and luxury features. It’s also available in wagon configurations for added utility.
With options ranging from affordable to luxurious, 2024 offers EVs for every need and budget. Whether you prioritize range, performance, or practicality, these models represent the best in their categories.