Electric vehicles (EVs) are becoming more popular as they offer an environmentally friendly alternative to traditional gas-powered cars. Despite years of advancements, EVs still hold only a modest 6.8% share of total car sales in the United States. A major hurdle to broader adoption is range anxiety — the concern that an EV might not have sufficient range to meet daily or long-distance driving needs. However, improvements in charging infrastructure and battery technology are steadily reducing these fears, making EVs a more practical choice for many drivers.
To assist potential buyers, Edmunds has compiled a list of five affordable EVs, each priced under $50,000, that provide an impressive range. These models demonstrate significant progress in offering efficient, reliable, and cost-effective electric options. Below is a breakdown of the features, performance, and range of these top picks.
2024 Ford Mustang Mach-E: Dynamic and Practical
The 2024 Ford Mustang Mach-E is an EV that combines spirited performance with practicality. Priced at $48,990, it boasts an EPA-estimated range of 320 miles, making it suitable for longer drives. Its hatchback design and low ride height provide versatility, appealing to drivers who need a mix of sedan-like handling and SUV-style utility.
While its charging speed is slower than some rivals, the Mach-E compensates with its engaging driving dynamics. Multiple powertrain options, including a sporty GT variant, allow buyers to choose a model that suits their preferences. The Mach-E’s practicality, paired with its fun-to-drive nature, makes it a compelling option in the EV market.
2025 Chevrolet Equinox EV: Affordable and Reliable
The 2025 Chevrolet Equinox EV is a standout choice for budget-conscious drivers looking to enter the EV market. With a starting price of $34,995, it delivers a respectable estimated range of 319 miles, based on Chevy’s projections. This makes the Equinox both affordable and functional for daily commuting and weekend trips.
While its lower cost results in fewer premium features, the Equinox still includes essential safety tools such as automated emergency braking and rear parking sensors. These features make it a reliable option for those prioritizing practicality over luxury. With slightly enhanced power compared to earlier models, the Equinox EV offers a solid balance of performance and value.
2024 Tesla Model Y: A Leader Among Electric SUVs
The Tesla Model Y remains one of the most practical and innovative EVs in the small SUV category. Starting at $44,990, it offers an EPA-estimated range of 320 miles, along with versatile storage solutions like a rear trunk, underfloor storage, and a front trunk. These features make it ideal for both everyday use and road trips.
A major advantage of the Model Y is Tesla’s expansive Supercharger network, providing fast and accessible charging nationwide. This infrastructure ensures that long-distance travel is straightforward for Model Y owners. Its combination of range, utility, and innovative features has made the Model Y a consistent favorite among EV enthusiasts.
2024 Tesla Model 3: Efficiency Redefined
Tesla’s 2024 Model 3 Long Range Rear-Wheel Drive version sets a benchmark in efficiency and practicality. With a starting price of $42,490, it offers an impressive range of 363 miles, making it the longest-range EV on this list. It also stands out for its low energy consumption, requiring less electricity per mile compared to many competitors.
Beyond its efficiency, the Model 3 delivers a well-rounded driving experience with quick acceleration, sharp handling, and a sleek, modern design. Combining luxury and affordability, it appeals to buyers seeking a high-performing EV that doesn’t compromise on comfort or technology. The Model 3 continues to solidify its reputation as a versatile and reliable electric vehicle.
2025 Hyundai Ioniq 6: Efficiency and Quick Charging
The Hyundai Ioniq 6 sets itself apart with an impressive EPA-estimated range of 342 miles and a competitive starting price of $43,850. Designed with efficiency in mind, it supports rapid charging technology, recharging from 10% to 80% in less than 18 minutes under optimal conditions. For home charging, it takes less than seven hours to fully recharge.
Hyundai backs the Ioniq 6 with a robust 10-year/100,000-mile powertrain warranty, adding value and peace of mind for buyers. Though its unconventional styling may not appeal to all, the Ioniq 6’s combination of range, quick charging, and reliability make it a smart choice for a wide variety of drivers.
The five EVs highlighted here represent the progress being made in making electric vehicles more accessible, practical, and appealing to a broader range of consumers. Each model — the Chevrolet Equinox EV, Ford Mustang Mach-E, Hyundai Ioniq 6, Tesla Model Y, and Tesla Model 3 — combines affordability with ranges exceeding 300 miles, demonstrating the advancements in battery technology and design.
As these vehicles show, potential EV buyers no longer need to compromise on performance or range to find an affordable option. With further developments in charging infrastructure and efficiency, EVs are well on their way to becoming a mainstream choice for drivers across different needs and budgets.