Find out what the cheapest electric cars are at the moment. EVs are becoming more popular, and the cost to produce them is decreasing.
Estimated reading time: 7 minutes
Table of contents
- 1. 2022 Nissan LEAF – $27,400
- 2. 2022 MINI Cooper SE Electric Hardtop 2 Door – $29,900
- 3. 2022 Chevrolet Bolt EV – $31,000
- 4. 2022 Chevrolet Bolt EUV – $33,000
- 5. 2021 Hyundai Ioniq EV – $33,245
- 6. 2021 Hyundai Kona EV – $37,390
- 7. 2020 Kia Niro EV – $39,090
- 8. 2021 Volkswagen ID.4 – $39,995
- The bottom line
1. 2022 Nissan LEAF – $27,400
The 2022 Nissan Leaf is the cheapest electric vehicle on the market. Plus, two trim levels cost less than $30,000. It’s a great option if you don’t drive much and aren’t concerned about smooth handling.
Nissan’s LEAF has a 40 kWh battery pack and a range of 149 miles per charge. It produces 147 horsepower and 236 pound-feet of torque.
If you upgrade to the S Plus trim, you’ll have a 62 kWh battery capacity and 226 miles of range.
What the LEAF has going for it is a spacious interior with great driver assistance features and technology.
2. 2022 MINI Cooper SE Electric Hardtop 2 Door – $29,900
With a starting price under $30,000, the 2022 MINI Cooper SE Electric Hardtop 2 Door is the cheapest electric car on the market.
MINI’s electrified Cooper has a range of 114 miles on a single charge. The electric motor produces 184 horsepower and 270 pound-feet of torque. It also has a 0 to 60 mph time of 6.9 seconds.
To charge it, you can use at-home charging or a public charging station. Level 1 charging at home will add 2% per hour, while Level 2 will add 20% per hour. Using a public charging station with fast charging will give you 80% in 36 minutes.
3. 2022 Chevrolet Bolt EV – $31,000
For the 2022 Chevrolet Bolt EV, the entry-level 1LT trim starts at $31,000. At that price, it offers 259 miles of range. The range is comparable with more expensive EVs.
The Bolt EV 1LT is a hatchback with front-wheel drive, produces 200 horsepower and 266 pound-feet of torque.
It went through a redesign that made updates to the interior and exterior. The Bolt EV looks more upscale, offers a good amount of range, and is affordable.
4. 2022 Chevrolet Bolt EUV – $33,000
Chevrolet added another EV to the Bolt family for 2022, the Bolt Electric Utility Vehicle (EUV). Being an SUV, Chevrolet may have an edge to make it mainstream due to the affordable price.
It’s a great addition because it’s larger than the Bolt EV and has a range of 247 miles. Like the Bolt EV, the EUV is a front-wheel-drive vehicle. It produces 200 horsepower and 266 pound-feet of torque.
When it comes to charging, Level 2 charging will add 37 miles of range per hour, and fast chargers will add up to 95 miles of range in about 30 minutes. Level 1 charging is perfect for topping it off.
5. 2021 Hyundai Ioniq EV – $33,245
Related: 2021 Hyundai Ioniq EV full review
The 2021 Hyundai Ioniq EV is a decent car. While the price is affordable compared to other electric vehicles, it only offers 170 miles of range. You can find cheaper cars with more range.
It has a 38.3 kWh battery pack, which produces 134 horsepower and 218 pound-feet of torque. For an electric car, the acceleration isn’t exciting, and the handling isn’t as smooth.
If you don’t need much range, it’s a good fit. The Ioniq EV has a nice interior, infotainment system, and great safety features.
6. 2021 Hyundai Kona EV – $37,390
Hyundai’s 2021 Kona EV is an excellent FWD vehicle. It looks stylish, has a unique grille, and drives swiftly.
There are three different trims, and they all have a 64 kWh battery pack with 258 miles of range. It also produces 201 horsepower and 291 pound-feet of torque.
The only drawback to the Kona EV is the space. Its rear seats and cargo hold aren’t very spacious. Overall, it’s an excellent electric SUV.
7. 2020 Kia Niro EV – $39,090
Kia electrified the Niro in 2020, and it looks great. The power comes from a 64 kWh battery pack that offers 201 horsepower, 291 pound-feet of torque, and a range of 239 miles.
Although it’s an SUV, it handles well. It feels similar to a smaller car. The Niro EV also comes with plenty of safety features and driver assistance technology.
Compared to other EVs with the same amount or more range, the Niro EV is more expensive. However, it’s less than $40,000 making it one of the cheapest electric cars on the market.
8. 2021 Volkswagen ID.4 – $39,995
Volkswagen’s 2021 ID.4 has a starting price that’s just under $40,000. It’s a small RWD SUV that looks nice and has plenty of space inside.
The ID.4 has a 77 kWh battery capacity with 250 miles of range and produces 201 horsepower.
Overall, it’s a well-balanced all-electric SUV. It has good performance and handling, but nothing too exciting. It’s a great choice if you’re new to the EV world.
The bottom line
Electric cars cost a lot of money because of the batteries and what goes into making one. However, automakers are finding ways to reduce costs, which is leading to cheaper EVs. While the cheapest electric car is the MINI Cooper Electric, you can get the Bolt EV for $1,100 more and more than double the range.
Featured image courtesy of Hyundai and Chevrolet.
About David Em
David Em is the founder of EV Unleashed, the leading resource for electric vehicle news, reviews, and buyer’s guides. He launched EV Unleashed to provide unbiased and in-depth news and reviews about electric vehicles and the EV industry.