That means the list of economical EVs isn’t yet extensive, but it does include a handful of cars starting under $40,000. Some of these models will further qualify for federal tax credits that now require American assembly and parts sourcing.
CHEVY BOLT EV
Starting price: $27,495
Helping pioneer the mass-production EV landscape in 2017, the Chevy Bolt EV tackled range anxiety and affordability in a practical package. The updated version introduced last year adds a more appealing interior ambiance while maintaining competitive range and zippy performance.
The Bolt EV isn’t perfect, with a firm ride and smallish cargo area, but it is now the least expensive electric vehicle for 2023 thanks to a huge price cut. We also proved the Bolt EV can travel 278 miles on a single charge, besting its EPA-estimated range by 19 miles. If the hatchback body isn’t appealing, Chevy also offers an SUV-like version, the Bolt EUV, that has more interior room. Bolt models purchased before March should qualify for the $7,500 federal tax credit.
NISSAN LEAF
Starting price: $29,135
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