If you’re considering an electric vehicle but want to keep costs down, there are plenty of reasons to opt for a budget-friendly model rather than a high-end, six-figure EV.
Whether you’re looking for an efficient second car for city driving, aiming to take advantage of carpool lane perks, or anticipating rapid improvements in EV technology by the time your lease or loan is up, choosing a more affordable option makes sense.
Additionally, the unexpected costs of installing a Level 2 home charger may impact your overall budget, making it even more important to find a cost-effective EV.
Fortunately, there are several electric vehicles available at relatively lower prices, though they are still generally more expensive than comparable gasoline-powered cars. However, availability can be limited—some models are only sold in certain states or require a reservation with a waiting period.
This list highlights 11 of the cheapest EVs currently on the market, based on starting price (including destination fees), excluding plug-in hybrids and fuel-cell models. Federal and state incentives may further reduce the price, but these subsidies are subject to change, with stricter eligibility requirements introduced each year.
To determine which vehicles qualify for tax credits, consumers can refer to resources like the IRS’s list of eligible automakers and models.
1. Nissan Leaf
The 2025 Nissan Leaf is a small four-door hatchback and was one of the first full EVs available nationwide when it rolled out in the U.S. as a 2011 model. Over the years, it has improved with more range and added safety tech.
It also got a longer-range sibling, the Leaf Plus, with a bigger battery. For 2023, the Leaf got some minor styling tweaks, and its lineup was simplified to a standard-range Leaf S and longer-range Leaf SV Plus. Nothing changes for 2025, although it does lose its eligibility for federal EV tax credits.
The cheapest standard-range Leaf S comes at an entry-level price of $29,280. It has a 40-kilowatt-hour battery, a modest 147-horsepower electric motor, and a driving range of 149 miles per charge.
The more advanced Leaf SV Plus, however, offers a larger 60-kWh battery, a more powerful 214-hp motor, and a significantly improved driving range of 212 miles.
2. Hyundai Kona Electric
This four-door subcompact SUV is mostly similar in styling and interior layout to the gasoline Hyundai Kona: It’s comfortable up front, but tight in the backseat and cargo area. Hyundai redesigned the Kona Electric for 2024, making it longer, wider, and taller.
The base SE trim gets a 48.6-kWh battery pack and 133-hp electric motor, while the SEL, Limited, and new-for-2025 N Line pack a 64.8-kWh battery and 201-hp motor.
The base SE variant starts at $34,325, making it a relatively affordable EV option. In terms of range, the standard SE trim is rated for 200 miles per charge, whereas higher trims equipped with a larger battery can reach an EPA-estimated range of 261 miles.
3. Chevrolet Equinox EV
If you’re looking for an excellent bang for your buck, it’s hard not to like the Equinox EV. Its cheapest front-wheel-drive version is one of the longest-range electric SUVs on the road, offering impressive efficiency and high-tech features.
Chevy says its 150-kilowatt charging capabilities can get you 77 miles of range in 10 minutes on a DC fast charger.
With a starting price of $34,995, the Equinox EV is one of the more accessible long-range EVs on the market. Its front-wheel-drive version offers an EPA-estimated range between 307 and 319 miles per full charge, making it one of the longest-range affordable EVs.
4. Toyota bZ4X
Toyota’s bZ4X SUV offers a choice of single-motor front-wheel drive (FWD) or dual-motor all-wheel drive (AWD) powertrains, with different battery configurations depending on the drivetrain selection.
It prioritizes comfort over performance and has a relatively moderate power output compared to some rivals. The bZ4X’s charging capabilities also lag behind some competitors, making it a better city commuter than a road tripper.
The base model starts at $38,465, making it an option for budget-conscious EV shoppers. While official EPA ratings for 2025 are yet to be released, Toyota estimates the driving range to be between 222 and 252 miles, depending on configuration, with the base FWD XLE offering the highest range.
5. Ford Mustang Mach-E
Very little changes for the 2025 Ford Mustang Mach-E SUV aside from the inclusion of a more efficient heat pump for climate control and a repositioned gear shifter. Ford’s latest version of its BlueCruise semi-autonomous hands-free driving system also debuted as an optional upgrade for the model.
The Mustang Mach-E has a starting price of $38,490, making it one of the more performance-oriented EVs at this price point. Though official EPA figures for 2025 are still pending, Ford estimates that the base Select trim will offer around 260 miles of driving range per charge.
Also Read: 10 Best Budget-Friendly EVs You Can Buy Right Now With Impressive Range and Features
6. Hyundai Ioniq 6
The Hyundai Ioniq 6 is a futuristic, streamlined sedan that offers great value for money. It rides on state-of-the-art 800-volt battery architecture, allowing for ultra-fast charging times. It comes with a long list of standard equipment, from driver-assist features to smartphone integration and a heated, power-adjustable driver’s seat.
With a starting price of $38,945, the Ioniq 6 is positioned competitively in the EV market. The base SE Standard Range trim features a 240-mile range, while other trims can extend the range up to 342 miles depending on battery selection and drivetrain configuration.
7. Subaru Solterra
Subaru’s twin to the Toyota bZ4X is similarly priced but offers standard all-wheel drive for extra traction. For 2025, Subaru has implemented a significant price cut, making the Solterra more competitive. It offers reasonable charging speeds and a practical driving range for most users.
The Solterra’s base Premium trim is priced at $39,915. It provides a driving range of between 222 and 227 miles per charge, depending on driving conditions and configuration.
8. Kia Niro EV
The Kia Niro EV is part of a line of electrified hatchbacks that also includes hybrid and plug-in hybrid versions. It received a full redesign for 2023, improving efficiency and comfort. The Niro EV maintains its practical single-motor front-wheel-drive layout and a well-balanced powertrain for city driving.
Starting at $40,995, the Niro EV is slightly pricier than some of its competitors but offers a solid range. It comes with a 64.8-kWh battery pack and a 201-horsepower motor that achieves an EPA-estimated range of 253 miles per charge.
9. Nissan Ariya
Nissan’s newest compact SUV, the Ariya, offers an impressive combination of technology, comfort, and performance.
We were impressed with its driving dynamics and interior technology, although it lacks a one-pedal driving mode. Nissan’s 2024 price cuts made the Ariya more competitive, and the 2025 model has only seen a minimal price increase.
The base Engage FWD trim starts at $41,160. With a 63-kWh battery, this version achieves a 216-mile range, while the higher Evolve+ FWD trim, priced at $45,760, offers a significantly extended range of 289 miles per charge.
10. Tesla Model 3
Tesla’s entry-level sedan, the Model 3, received a styling refresh for 2024, giving it a more angular look and a redesigned steering interface with capacitive-touch buttons. Despite some controversial design choices, it remains a strong contender in the affordable EV segment.
With a starting price of $43,880, the Model 3 is positioned as an entry-level Tesla. The base Long Range Rear-Wheel Drive variant boasts an impressive range of 363 miles, making it one of the best choices for long-distance EV driving.
11. Hyundai Ioniq 5
The Hyundai Ioniq 5 shares a lot in common with the Kia EV6 but differentiates itself with slightly higher range estimates and a lower base price. It offers ultra-fast 350-kW DC fast charging capabilities and vehicle-to-load functionality for added versatility. For 2025, Hyundai updated the Ioniq 5 with a refreshed design, new battery options, and additional features.
With a starting price of $43,975, the Ioniq 5 is a slightly more premium option. The base SE Standard Range trim offers 245 miles per charge from a single rear-mounted motor, while higher trims can reach up to 318 miles, depending on configuration.
As electric vehicles continue to evolve, the market is becoming more accessible for budget-conscious buyers. Whether you’re looking for a practical commuter car, a family-friendly SUV, or a stylish sedan, there are numerous affordable EV options that provide a balance of efficiency, range, and modern technology.
While upfront costs may still be higher than their gasoline counterparts, potential savings from tax incentives, lower fuel costs, and reduced maintenance expenses can make EV ownership a smart long-term investment.
Before making a decision, consider factors such as availability in your area, charging infrastructure, and total ownership costs. With new advancements in battery technology and expanding charging networks, the future of EVs is promising.
As manufacturers continue to release more cost-effective models, now is an excellent time to explore the world of electric driving without breaking the bank.
Also Read: 10 Cars With the Most Reliable Manual Transmissions Ever Built