As electric vehicles are becoming more mainstream, you may be wondering if their prices are ever going to decrease. According to Kelley Blue Book, the average price of an electric vehicle in the United States for August 2022 was $66,000. While we keep hearing how much better EVs are for a healthy environment, not everybody has that kind of money lying around to spend. Fortunately, the outlook for EVs in 2023 looks a little better.
Though generally still more expensive than comparable gasoline vehicles, there are some 2023 EV models that are available now that won’t break the bank.
Below is a list of the top four most affordable EVs you can buy, listed by cheapest to most expensive.
Chevrolet Bolt EV, EUV
Starting price: $26,595
EPA-estimated range: 247-259 miles
The 2023 Chevrolet Bolt EV and EUV saw a $5,900 price cut ahead of their summer production start date making them the most affordable all-electric vehicles you can buy, with a starting price of $26,595. GM is also offering to help buyers with the cost to install a 240-volt home charger.
Starting price: $28,895
EPA-estimated range: 149-212 miles
The Nissan Leaf was one of the first fully electric vehicles available nationwide when it rolled out in the U.S. as a 2011 model. Today, the 2023 Leaf is a small four-door hatchback, and has improved range and added safety tech. Over the years the Nissan Leaf has also gotten a longer-range sibling with a bigger battery, the Leaf Plus. In 2023, the Leaf’s lineup is simplified to a standard-range Leaf S and longer-range Leaf SV Plus. The Starting price of the 2023 Nissan Leaf is $28,895.
Starting price: $34,695
EPA-estimated range: 100 miles
The MX-30 was Mazda’s first full EV sold in the U.S. and went on sale in California in October, with a national rollout expected “over the coming years,” according to the automaker. The interior of the vehicle includes environmentally friendly materials like cork in the center console, animal-free upholstery and recycled plastic bottle fibers for the door trim. The Mazda MX-30 only has an overall range of 100 miles, but Mazda throws in a few other perks such as preset number of complimentary loaner vehicles for road trips, and $500 in ChargePoint credits. The starting price for the Mazda MX-30 is $34,695.
Hyundai Kona Electric
Starting price: $34,845
EPA-estimated range: 258 miles
This four-door subcompact SUV shares a similar style and interior layout with the ICE Kona. The Kona is equipped with DC fast-charging capability that can go from 10% to 80% charge in as little as 47 minutes. For 2022, the Kona line was freshened with the Kona Electric getting its own styling updates and wheels, plus interior changes. The Kona Electric remains mostly unchanged for 2023. The Kona Electric is only offered at dealers in a limited number of states, specifically those with targets for zero-emission vehicle sales. The starting price for the Kona Electric is $34,845.
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