Cheapest Electric Cars for 2023

Characteristics of the Cheapest Electric Cars

Only a few cars can boast a spot in the category of cheapest electric vehicles, and in order to do so, they need to follow a very specific recipe. These are the ingredients:

They are easily accessible to just about anyone
They focus on being as practical as possible
They have competitive driving ranges
They include just the essential features

What to Consider When Buying Cheap Electric Cars

Electric vehicles are getting cheaper by the day as the technology becomes more widespread, but like all affordable cars, the cheapest EV models have very specific strengths and weaknesses.

Pros

Extremely attractive price tags
Spacious and practical cabins
Good ride quality
Good safety and reliability ratings

Cons

Low charging speeds
Interior quality is lacking
Limited options
Fewer features as standard

FAQs

What are the best cheap electric cars?

The two cars that best fit into the category are the Chevrolet Bolt EV and the Nissan Leaf, both with a price below $30,000. Furthermore, they have each been around for long enough to refine their recipe and earn a firm following. Value is top of mind, with good fuel economy and a long list of features being essential.

Are cheap electric cars reliable?

Nobody would be willing to buy a cheap car, no matter how much money they’d save, if it means they would have to buy another in just a few years. This is why automakers of cheap EVs ensure they are still reliable and will stand the test of time.

What is the price of the cheapest electric vehicle?

To qualify for this segment, an EV can’t cost more than $30,000. A few cars do meet this requirement, but the cheapest of the lot is the Chevrolet Bolt EV at around $27k, while the Nissan Leaf is just below the $30k cut-off.

Are there any new cheap EVS?

The list of upcoming electric cars is always growing, especially since automakers have committed to going all-electric by 2030 or thereabouts. No doubt, many of these models will earn a spot among the cheapest EVs.

Cheapest Electric Cars of 2023