How to Buy Electric Cars For Cheap

Electric cars for cheap are now available for far less than many people expect, allowing them to become viable options for more buyers. While they’re still more expensive than conventional vehicles, their running costs are much lower and, for some drivers, the up-front cost can be offset by government subsidies and low battery prices.

The most affordable EVs to buy today include the redesigned 2023 Hyundai Ioniq 6 sedan, which offers a sporty exterior design that looks like little else on the road and a surprisingly roomy cabin for its size. It’s matched by the Chevrolet Bolt EV, our top pick for an EV overall, which isn’t only cheaper than other EVs in this price range but also eligible for a $7,500 federal tax credit.

Exploring the Market: Electric Cars for Cheap

A redesigned Citroen e-C3 is another notable newcomer to the sub-$40,000 electric car class, offering SUV-style looks and a practical rear hatchback. It may not have the longest driving range of our cheapest models, but it could be a fine choice for those who drive shorter journeys or regular road trips.

The MG4 also offers great value as one of the most affordable EVs on sale, having been our Carwow Car of the Year in 2023 thanks to its sharp look and high-quality interior. Unlike some of our other cheapest EVs, it doesn’t have the latest infotainment systems or the best range figures, but its 323-mile EPA rating should prove enough for most drivers. The only caveat is that it requires an overnight charge.