Top 10 Cheapest Electric Cars in 2022 You Should Buy. Electric cars have become synonymous with high-priced automobiles. That has some validity. The cost of battery technology is high. Electric vehicles, which do not rely on a century of combustion engine development, necessitate additional research and development. A battery-powered vehicle will almost certainly be more expensive than a gasoline-powered vehicle. But that isn’t the end of the story.
The average cost of a new car in the United States is around $47,000. And you can get a lot of the cheapest electric cars for a lot less money. Not all of them will have the range of amenities that a similarly priced ICE vehicle would have. However, they all allow you to avoid paying exorbitant gas prices.
What to consider when purchasing the cheapest electric cars
Range: In theory, lower-range EVs are feasible. Even in the suburbs, most drivers do not drive 100 miles per day. However, except in exceptional circumstances, you usually only charge an EV to 80-90 percent. The range can be drastically reduced in cold weather.
Tax Credits: A $7,500 federal tax credit is available for some (but not all) electric vehicles. This is a non-refundable tax credit. To receive the full credit, you must owe $7,500 in taxes. On the other hand, some states provide additional tax credits in addition to the federal incentives, potentially lowering the cost even further.
The state you live in: Not all-electric vehicles are available in every state. Manufacturers may choose to sell in California and states that follow the California Air Resources Board’s (CARB) requirements over other states.
Top 10 cheapest electric cars
Chevrolet Bolt EV
One of the cheapest electric cars is the
Chevrolet Bolt EV. The Chevrolet Bolt subcompact hatchback is marketed as “electric for everyone.” It offers the variety that buyers want at a price that most buyers can afford, even if they aren’t eligible for the federal tax credit. It’s been updated for 2022, with a sleeker exterior, more standard features, and a lower starting price.
Starting MSRP: $31,500
EPA Range: 259 miles
Federal Tax Credit: No
Nissan Leaf
In 2010, the
Nissan Leaf was the first mass-market electric vehicle to hit the market. It established a standard for what people expected to encounter when purchasing an electric vehicle: small size, odd looks, poor performance, and limited range. By 2022, you’ll be able to get a Leaf with more than twice the horsepower and three times the range of the original. The Nissan Leaf is also one of the cheapest electric cars.
Starting MSRP: $27,000
EPA Range: Up to 226 miles
Federal Tax Credit: Yes — $7,500
Chevrolet Bolt EUV
Another cheapest electric car to consider is the
Chevrolet Bolt EUV. Do you like the Bolt but don’t think it’s big enough? The all-new Bolt EUV is here. It’s six inches longer than the Bolt and has more leg room. The design is a little more SUV-like. It is, however, more expensive and has a smaller range. The Bolt EUV was the first Chevy vehicle to feature Super Cruise, which allows you to drive hands-free.
Starting MSRP: $33,500
EPA Range: 247 miles
Federal Tax Credit: No
Mini Electric
The Mini Electric, also known as the
Mini Cooper SE, is a hybrid version of the third-generation Mini Hardtop. It borrows some of the BMW i3’s components. It embodies the brand’s distinctive aesthetic. However, its range limits it to being a city car — and most likely one for hot weather.
Starting MSRP: $34,225
EPA Range: 110 miles
Federal Tax Credit: Yes — $7,500
Mazda MX-30
To comply with CARB regulations, Mazda will not call the
MX-30 a compliance car. However, at the moment, California is the only state where you can purchase one. The MX-30, like other Mazda’s, is well-tuned for driving and has a great interior. However, it lacks Zoom Zoom, and its range of only 100 miles is a deal breaker.
Starting MSRP: $33,470
EPA Range: 100 miles
Federal Tax Credit: Yes — $7,500
Hyundai Kona Electric
Hyundai’s Kona subcompact crossover now comes in a battery-electric version. When it first came out, it was a reviewer favorite thanks to its excellent balance and nearly 300 lb-ft of torque. Most buyers, however, will upgrade to the latest generation of more refined, powerful, and spacious EVs, such as the Ioniq 5.
Starting MSRP: $34,000
EPA Range: 258 miles
Federal Tax Credit: Yes — $7,500
Ford F-150 Lightning
Ford’s iconic F-150 pickup gets a battery-electric makeover in the F-150 Lightning. The base Pro version costs less than $40,000, at least on paper. The interior facilities are very basic. You’re also limited to the Standard Range battery pack, which has a range of 230 miles. However, dual-motor AWD, a 12-inch touchscreen, and Ford’s Pro Power Onboard remain standard.
Starting MSRP: $39,947
EPA Range: up to 320 miles
Federal Tax Credit: Yes — $7,500
Kia Niro EV
The
Kia Niro EV is the Niro compact crossover’s battery-electric variant. The Hyundai Kona Electric and it share powertrain components. Compared to the Kona, the Niro is larger and has more cargo and passenger space. However, it has a 20-mile range reduction. For the 2023 model year, Kia is releasing an updated Niro EV.
Starting MSRP: $39,990
EPA Range: 239 miles
Federal Tax Credit: Yes — $7,500
Hyundai IONIQ 5
Kia EV6
The
EV6 is classified as a sport crossover by Kia. It’s classified as a wagon in the technical sense. Regardless of genre, the EV6 is a fantastic car, and it was an easy choice for our list of the Best Cars You Can Buy in 2022 and is also The base model Light RWD EV6 has a detuned 168 hp motor with 232 miles of range, similar to the Ioniq 5 with which it shares powertrain components.
Starting MSRP: $40,900
EPA Range: up to 310 mi
Federal Tax Credit: Yes — $7,500
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