Only a few years in the past, the variety of out there inexpensive electrical automobiles was considerably smaller. Itemizing the EVs underneath $50,000 for 2024, although, is a extra laborious enterprise, because the listing has grown regardless of the discontinuation of a pair fashions, requiring all of your fingers and toes to depend them. A few of these fashions haven’t hit the market as of this writing, however shall be arriving a while this 12 months.
Relying on how a lot you’re prepared to spend dictates how a lot you’ll get by way of acceleration, vary, the variety of wheels pushed, car dimension and have content material. Whereas a lot of the EVs on this listing have their very own deserves, you would possibly nonetheless wish to try our listing of one of the best EVs underneath $50,000. And if you wish to proceed to economize after your buy, we will additionally inform you which EVs are the most affordable to personal and function in 2024.
However, to start out, you’ll must get one in your driveway. So, if you wish to go electrical on a funds, these are the most affordable electrical automobiles you should buy in 2024.
Least expensive electrical automobiles to purchase in 2024
Nissan Leaf — $29,280
The Nissan Leaf S is the one automobile on this listing beginning underneath $30,000. The Leaf can also be the older mannequin on this listing, and could also be getting an replace within the close to future regardless of Nissan launching the also-affordable Ariya. The Leaf can solely be had with front-wheel drive, whereas many others on this listing are rear-drive or out there with all-wheel drive. One factor to contemplate is that it makes use of the antiquated CHAdeMO charging customary, although a CCS adapter is now out there to make it appropriate with extra charging stations. The small battery supplies 150 miles on a cost, with an even bigger battery choice offering a extra respectable 250 miles of vary.
Mini Cooper SE — $31,895
The Mini Cooper SE appears to be like very very similar to the gas-powered Cooper we all know and love, however quieter and smoother to drive. The massive disadvantage is its lackluster driving vary of 114 miles. This makes it a enjoyable city runabout, however limits practicality for those who solely have one automobile or must put adults — and even little one automobile seats — within the again seat.
Hyundai Kona Electrical — $34,010
The Hyundai Kona Electrical is one other enjoyable, front-wheel-drive EV, however packs more room for individuals and cargo after its redesign for the 2024 mannequin 12 months. It’s supplied with two drivelines, however neither could be had with AWD, simplifying the maths a bit. The Electrical SE has a 133-horsepower motor mated to a 48.6 kWh battery with 197 miles of vary. The Electrical SEL and Restricted get a bigger, 201-horsepower motor paired to a 64.8 kWh battery, which Hyundai says is nice for 260 miles.
Fiat 500e — $34,095
The Fiat 500 returns to the U.S. in electrical kind in 2024, providing a tiny competitor to the Mini Cooper SE. As of this writing, we’ve solely pushed the basically similar European model as we await the upcoming North American launch. Just one model of the Fiat shall be out there at launch, the 500e RED, which is a particular version collaboration with the RED charity that raises cash to fight AIDS. The brand new 500e will supply 149 miles on a cost, which isn’t nice, however maybe to be anticipated as one of many most cost-effective EVs you should buy. There’s additionally solely so many batteries you’ll be able to pack into such a small automobile.
Chevrolet Equinox EV — $34,995
One other EV that hasn’t launched as of this writing, the Chevy Equinox EV takes the place of the Chevy Bolt — no less than for now — because the model’s most cost-effective electrical providing. The bottom 1LT comes outfitted with a single-motor front-wheel drive powertrain that produces 210 horsepower and 242 pound-feet of torque. It’s paired with the smallest battery pack, and Chevy estimates a 250-mile vary on a full cost, however you may get higher-spec Equinox EVs that also gained’t break the financial institution.
Volvo EX30 — $36,245
Coming a while in 2024, the Volvo EX30 is surprisingly inexpensive for this luxurious nameplate. And, as we wrote in our first drive, “Volvo’s new entry-level EV is inexpensive, not cheap.” The only-motor variant has a pleasant, easy inside, drives effectively and is chock stuffed with options. Leaping as much as the Twin Motor Efficiency model, although, provides nearly $10,000 to the value.
Fisker Ocean — $38,999
The Fisker Ocean is a newcomer on the EV scene, and this small crossover begins at an inexpensive worth. The front-wheel-drive Fisker Ocean Sport begins underneath $40,000, will get 231 miles of vary, and does 0-60 in 6.9 seconds. Costs bounce considerably from there as you progress up the trim ladder, although.
Volkswagen ID.4 — $40,290
The VW ID.4 electrical crossover begins simply over $40,000 with rear-wheel drive. As of this writing, driving vary hasn’t been introduced for the 2024 mannequin 12 months, however we count on someplace round 209 miles from the 62-kWh battery, based mostly on the 2023 mannequin. You possibly can transfer as much as an even bigger battery, although, and all-wheel drive is accessible (though the value is way increased than typical as a result of it additionally provides significantly increased efficiency). We just like the driving dynamics and the roominess of the cabin, however inside controls and the infotainment system could be irritating to make use of.
Tesla Mannequin 3 — $40,380
The favored Tesla Mannequin 3 is one in all our favourite electrical sedans, and one of many prime EVs underneath $50,000. The bottom mannequin comes with rear-wheel drive and 272 miles of vary. The Twin Motor AWD mannequin nonetheless begins effectively underneath $50,000, with extra energy and 341 miles of driving vary.
Kia Niro EV — $40,975
The Kia Niro is one in all our favourite small SUVs, and the electrical model provides incredible effectivity to the well-rounded package deal. It doesn’t supply all-wheel drive, however it does present 253 miles of vary on a single cost. If it’s a little bit an excessive amount of cash for you, attempt the associated Hyundai Kona Electrical that provides a significantly cheaper, quick vary model.
Hyundai Ioniq 5 — $43,175
We’re big followers of this funky, retrofuturistic hatchback-looking crossover EV from Hyundai. The most cost effective SE Normal Vary has rear-wheel drive and 220 miles of vary, however you may get it with an even bigger battery for 303 miles of vary and hold it underneath $50,000. All-wheel drive will price fairly a bit extra because it provides significantly extra efficiency in addition to improved traction. No matter powertrain, the Hyundai Ioniq 5 is a enjoyable, roomy, feature-rich EV with wonderful charging speeds.
Hyundai Ioniq 6 — $43,600
Utilizing the identical E-GMP platform because the Ioniq 5, the Hyundai Ioniq 6 is a modern electrical sedan with much more driving vary. The bottom SE RWD will get 361 miles on a cost, and shifting as much as AWD nonetheless nets 316 miles of vary at an important worth. It’s additionally nice to drive, offering sportier driving dynamics than the 5. We referred to as the Ioniq 6 the “best alternative to a Model 3.”
Kia EV6 — $43,925
One more mannequin based mostly on Hyundai Group’s E-GMP electrical car platform, with its lengthy vary and quick charging speeds, the Kia EV6 has a sportier vibe than the lounge-like Hyundai Ioniq 5. The most cost effective EV6 Gentle trim has rear-wheel drive, and a 58-kilowatt-hour battery pack good for 232 miles of vary, although you may get extra pushed wheels, extra vary and extra energy for more cash.
Tesla Mannequin Y — $43,990
The Tesla Mannequin Y is a extra conventional entry than the bigger, dearer Mannequin X SUV. It’s extra akin to the also-affordable and also-great Mannequin 3 sedan, with regular doorways and rear seats that fold to provide you flexibility between passengers and cargo. It has a minimalist inside, with lots of the car features accessed by way of the big infotainment display screen, for higher or worse. The bottom rear-wheel drive mannequin will get a decent 260 miles of vary, however shifting as much as the Mannequin Y Lengthy Vary, which provides 330 miles of driving and all-wheel drive, places you only a few hundred {dollars} over the $50,000 mark. Nonetheless, the Mannequin Y is a well-liked EV, and it, like the remainder of the Tesla model, has its justifiable share of followers. And let’s not overlook that Tesla additionally has its wonderful Supercharger fast-charging community.
Toyota bZ4X — $44,420
Toyota’s first actual EV, the bZ4X provides worth in its front-wheel-drive variations, and is less complicated for most individuals to stay with than its rear-drive competitors. Simply don’t count on one thing as absolutely realized because the distinctive Ioniq 5 and EV6, nor even the characterful however flawed ID.4. It has a 71.4-kilowatt-hour battery that returns an estimated 252 miles of vary with the XLE trim and 242 with the Restricted. All-wheel drive provides worth, however diminishes driving vary significantly.
Nissan Ariya — $44,555
The Nissan Ariya, the model’s second electrical car, impresses with robust specs, compelling worth and knock-out inside. The bottom Have interaction FWD supplies 216 miles, although you may get all-wheel drive and extra vary for those who’re prepared to crest $50,000. Charging is on the gradual facet in comparison with a lot of the competitors, although, notably these from Hyundai and Kia.
Mustang Mach-E — $44,795
An electrical crossover worthy of the Mustang identify, the Ford Mustang Mach-E is a completely entertaining and enticing car with rather a lot to like. The entry-level Choose RWD trim provides 250 miles of vary and a 0-60 time of 6.3 seconds. You will get all-wheel drive for $3,000 extra, with a variety of 226 miles. Extra energy and vary comes at the next worth.
Subaru Solterra — $46,615
Subaru’s first EV, the Solterra electrical crossover, is principally the identical car because the Toyota bZ4X with which it was co-developed. One key distinction: even the bottom Premium trim comes with all-wheel drive — type of a Subaru factor to supply as an ordinary characteristic — and 228 miles of vary. It’s an important choice for the Subaru devoted who’ve been ready for an electrical car to get them extra quietly to the nice outside they love.
Vinfast VF 8 – $47,200
Vinfast is a Vietnamese automaker, and its most cost-effective VF 8 EV is barely out there in California as of this writing. We haven’t had the prospect to evaluation the VF 8 but, so we will’t suggest it to you (critiques by different retailers haven’t been favorable, to say the least). The most cost effective Eco trim provides an EPA-rated 207 miles of vary.
Honda Prologue — $48,795
The Honda Prologue crossover is the Japanese automaker’s first mass-market EV for the U.S. market, however underneath the pores and skin, it’s constructed on GM’s Ultium electrical car platform, options an inside utilizing GM components and is even inbuilt a GM manufacturing facility in Mexico. Hitting sellers in March 2024, the bottom, single-motor EX trim supplies a powerful 296 miles of vary. The comparable Chevy Blazer EV gained’t be out there in such an inexpensive trim degree for fairly a while.