2024 brought with it some major updates with the electric vehicle (EV) market as EVs became more accessible to the average driver. For many years, high prices prevented people from diving in, but that’s changing rapidly. Affordable EVs continue to show up and grow in popularity. Let’s be clear – it would be fun to own a Ford Lightning, but not everyone can shell out $50k plus to get behind the wheel.
Most Affordable EVs in 2024
Here are a few of our top picks for affordable electric vehicles if you are in the market.
2025 Chevrolet Equinox EV
With a starting price under $34k, the Equinox EV is one to consider. Offering an estimated range of up to 300 miles per charge, you won’t need to charge often. Plus, available tech include a head-up-display, a massive 17.7-inch infotainment display and Super Cruise semi-autonomous driving.
2025 Nissan Leaf
Currently, the Nissan Leaf is the most affordable EV, with a starting price of $28k. While the range starts at 149 miles per charge, it makes a great daily commuter for urban drivers. However, the CHAdeMO charging format will eventually become obsolete, so it’s something to consider.
Making EVs More Affordable
Consider some other ways to get the cost down on a new EV if money is tight. For example, check out the available government incentives. These can bring down the costs or offer a tax break. Additionally, infrastructure continues to improve, making it easier to charge during a trip.
With the lineup continuing to grow, there are many more budget-friendly models to come. While these two are among our top choices right now, you can find a lot of different models available for around $40k, making the price more in line with conventional vehicles. Over the next few years, we think EVs may be more mainstream, simply because they are more affordable.
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