Affordable EVs Are Finally Here
Finding a cheap EV in 2025 is still tough — but it’s not impossible anymore. With new tax credits and better options, you don’t have to be rich to drive electric. Below are some of the best budget picks that deliver real value.
How We Chose the Standouts
InsideEVs testers spend all year driving and ranking EVs. These picks balance price, range, and real-world perks — with federal tax credits up to $7,500 sweetening the deal for many buyers.
Chevrolet Equinox EV: SUV Value King
Starts at $34,295 — and gives you a solid 319-mile range. This is the best all-rounder for families wanting an affordable crossover without Tesla-level pricing.
Nissan Leaf: America’s Cheapest EV
At $29,280, the Leaf remains the lowest-price new EV you can buy. Range is a modest 149–212 miles, but lease deals are strong, and it’s a no-frills urban runabout.
Tesla Model 3: Affordable, but Just Barely
At $44,130, the Model 3 tests the word “cheap.” But with 363 miles of range, slick tech, and that unbeatable Supercharger network, it’s worth stretching for if you can.
Hyundai Kona Electric: Simple and City-Ready
Starts at $34,470, with up to 261 miles of range. The Kona Electric is a no-nonsense hatch for city drivers who don’t need road-trip range.
Toyota bZ4X: Budget Crossover with Style
Starts at $38,465. Toyota slashed the bZ4X’s price this year, and it now offers 252 miles of range and funky styling. Just don’t expect blazing-fast charging speeds.
Kia Niro EV: Solid Everyday Option
At $40,995, the Niro EV gives you 253 miles of range and Kia’s proven reliability. Not a road-trip hero, but a safe bet for daily commutes.
Hyundai Ioniq 6: Sleek Sedan with Real Range
Starts at $39,095 and stretches out to 342 miles max. It’s stylish, efficient, and proves you don’t have to buy a Tesla for serious range.
Lease Deals, Tax Breaks & Used EV Wins
Many models qualify for the $7,500 federal tax credit — some only if you lease. State perks help too. And don’t overlook used EVs: they often deliver the biggest savings if you can live with last year’s model.
The Road Ahead
Cheaper EVs are still rare, but more are on the way. Keep your eyes on new budget entries like the Kia EV3 and the next-gen Chevy Bolt.
