20 Cheapest Electric Vehicles To Buy in 2024!

In the ever-evolving landscape of the automotive industry, the quest for eco-friendly and cost-effective transportation has driven a surge in the popularity of electric vehicles. This transformative shift represents a growing environmental consciousness.

As demand for electric vehicles continues to rise, manufacturers are introducing an impressive array of affordable options, showcasing cutting-edge technology without compromising affordability. This highlights the industry’s dedication to manufacturing electric vehicles and making them accessible to a broader audience.

As we step into the promising year of 2024, the market is teeming with a wide range of electric cars, making sustainable driving more accessible than ever before. This article will explore the top 20 cheapest electric cars to buy in 2024, exploring their features, specifications, and performance.

Let’s begin.

20. Kia EV6 GT

Starting Price: $63,400

The Kia EV6 GT, a sportier variant, promises an exhilarating electric driving experience. While the pricing details are yet to be disclosed, it’s expected to deliver impressive performance with a dual-motor setup, offering a significant boost in power compared to its base version.

Specifications

Merits

• Expected to provide a thrilling and sporty driving experience.
• Advanced features and technologies.
• Sleek and modern exterior design.

Drawbacks

• Pricing details are currently unavailable.
• Specific performance figures are yet to be officially confirmed.

19. Polestar 2 Long-Range Single Motor

Starting Price: $48,900

The Polestar 2 Long Range Single Motor combines Scandinavian luxury with electric performance, offering an extended range and elegant design. With a focus on sustainability and cutting-edge technology, the Polestar 2 sets a new standard for premium electric sedans.

Specifications

Here are the specifications for the Polestar 2 Long Range Single Motor in dual units:

Merits

• Premium Swedish build quality.
• Tasteful exterior design.
• Seamless EV performance.

Drawbacks

• Firm rides on larger wheels.
• Relatively costly compared to the competition.
• Slower charging speeds.

18. Subaru Solterra Premium

Starting Price: $44,995

The Subaru Solterra Premium offers an accessible all-wheel-drive EV experience, marking Subaru’s entry into the electric age with a blend of capability and style.

Specifications

Merits

• Accessible all-wheel-drive EV.
• Capable performance on various terrains.
• Marks Subaru’s entrance into the electric age.

Drawbacks

• Impractical for a crossover.
• Slower charging capabilities.

17. Tesla Model Y

Starting Price: $43,990

The Tesla Model Y maintains its status as a compelling electric car option, combining impressive performance, supercharging convenience, and a spacious interior.

Specifications

Merits

• Impressive performance capabilities.
• Supercharging access is a significant draw.
• Spacious interior layout.

Drawbacks

• The lack of physical controls hampers the user experience.
• No Apple CarPlay or Android Auto.
• Build quality requires refinement.

16. Nissan Ariya Engage FWD

Starting Price: $43,190

The Nissan Ariya Engage FWD caters to price-conscious buyers with its striking exterior design, comfortable suspension, and comprehensive safety features.

Specifications

Merits

• Suspension tuned for comfort.
• Striking exterior design.
• Comprehensive safety equipment.

Drawbacks

• Slow charging speeds.
• The infotainment system falls short compared to competitors.
• Limited interior storage facilities.

15. Ford Mustang Mach-E Select

Starting Price: $42,995

The Mach-E’s base Select trim is the most efficient, with its 103 MPGe combined consumption estimate. The smaller battery lets it cover a modest 247 miles on a single charge. You can increase the range by selecting the California Route 1 specification, but this more powerful dual-motor model boasts a lower 98 MPGe combined consumption estimate.

Specifications

Merits

• Decent performance for a base-trim model
• Sleek and distinctive design scheme
• Responsive steering system

Drawbacks

• Top-end performance is weak.
• Still not as fun to drive as the real Mustang
• Availability is limited due to the massive demand.

14. Kia EV6 Light RWD

Starting Price: $42,600

The Kia EV6 Light RWD is an entry-level variant of the Kia EV6, designed for those seeking an electric vehicle with a balance of affordability and essential features. With a focus on efficiency, it provides a practical electric driving experience.

Specifications

Merits

• Ample room for passengers and cargo.
• Quick charging capabilities.
• Modern and aesthetically pleasing design.

Drawbacks

• Low performance
• The actual range may fall short of the EPA estimate.

13. Toyota bZ4X XLE

Starting Price: $42,000

The Toyota bZ4X XLE is a trailblazing electric SUV that embodies Toyota’s commitment to sustainable and efficient mobility. The bZ4X XLE boasts a contemporary and aerodynamic design, blending a robust SUV silhouette with modern styling cues.

This model is part of Toyota’s bZ series, standing for “beyond Zero,” emphasizing the brand’s dedication to zero-emission driving.

Specifications

Merits

• Radical but tasteful exterior styling.
• All-wheel drive is standard across the range.
• Chasis performs well in tight urban areas.

Drawbacks

• High road noise levels.
• Low performance doesn’t equate to good range and efficiency.
• Powertrain struggles on highways.

12. Hyundai Ioniq 6 SE Long Range

Starting Price: $42,450

The base-level Ioniq 6 SE Long Range offers amazing value for money. It comes equipped with a single rear motor that produces 225 horsepower to the rear axle. The model’s 140 MPGe combined consumption and 361-mile range make it the most efficient on our list, with the longest range.

Specifications

Merits

• Unrivaled fuel efficiency
• Accessible all-wheel drive option
• Generous standard specification

Drawbacks

• Limited trunk space
• The rear-wheel-drive model lacks urgency off-the-line
• The 361-mile range claim requires vigilant hypermiling

11. Kia Niro EV Wind

Starting Price: $41,650

The 2024 Kia Niro EV Wind, being the final model year of this generation, continues to be a competitive electric vehicle. A relatively minor battery pack covers an estimated 253 miles on a single charge, balancing efficiency and practicality.

Specifications

Merits

• Good range capabilities.
• Comprehensive standard feature list.
• Intriguing and distinctive exterior design

Drawbacks

• Based on the older chassis.
• Relatively high pricing compared to similar options.
• Not significantly more efficient than the PHEV option.

10. Hyundai Ioniq 5 SE

Starting Price: $41,650

The Hyundai Ioniq 5 SE is a cutting-edge electric vehicle that seamlessly blends style, performance, and sustainability. This compact crossover stands out with its futuristic design, showcasing sharp lines and a sleek profile. Beyond its eye-catching aesthetics, the Ioniq 5 SE is a testament to Hyundai’s commitment to eco-friendly driving.

Specifications

Merits

• One of the best-looking EVs in its class.
• Good interior packaging.
• High safety standards.

Drawbacks

• Underpowered base trim.
• Inferior handling characteristics.
• Limited rear visibility.

9. Fisker Ocean Sport

Starting Price: $38,999

The Fisker Ocean Sport is a captivating addition to the American EV market, boasting an appealing design, ample standard features, and impressive range capabilities—all at a competitive sub-$40,000 price point, making it a compelling choice in its segment.

Specifications

Merits

• Sleeking exterior design
• Competitive range claims
• Comprehensive standard features

Drawbacks:

• Perceived quality concerns
• Lack of glovebox
• Limited fast-charging capabilities

8. Volkswagen ID.4 Standard

Starting Price: $38,995

The Volkswagen ID.4 Standard is a reliable choice in the electric car market, offering a blend of performance and efficiency. It provides a single-motor rear-wheel-drive setup, generating 201 horsepower and 229 pound-feet of torque.

Specifications

Here are the specifications for the Volkswagen ID.4 Standard in dual units:

Merits

• Spacious cargo area
• Competitive pricing strategy
• Refined build quality

Drawbacks

• Dull handling characteristics
• Subpar straight-line performance
• Enhanced range available only with optional larger battery pack

7. Tesla Model 3

Starting Price: $38,990

The Tesla Model 3, a pioneer in electric sedans, combines cutting-edge technology with impressive performance, setting a standard for efficiency and innovation in the electric vehicle market. With its sleek design and advanced features, the Model 3 continues to redefine expectations for electric driving.

Specifications

Merits

• Agile handling
• Swift acceleration
• Remarkable range for battery capacity

Drawbacks

• Minimalist interior design
• Concerns about build quality
• Autopilot features may have glitches

6. Volvo EX30 Single Motor Extended Range

Starting Price: $34,950

Though not globally available yet, the Volvo EX30 impresses with a budget-friendly starting price of $34,950. This compact EV crossover claims a 275-mile range from its 69 kWh battery, accompanied by a sleek design and advanced features.

Specifications

Merits

• Competitive pricing for the segment
• Impressive claimed range
• Inclusion of advanced features

Drawbacks

• Limited global availability
• Lack of EPA-confirmed consumption data

5. Hyundai Kona Electric SE

Starting Price: $33,550

The Hyundai Kona Electric SE emerges as a value-for-money option within the EV market, providing a balance of affordability, comfort, and performance.

The Hyundai Kona Electric SE seamlessly blends practicality and sustainability, offering a reliable electric driving experience with a spacious interior. With its impressive range and efficient performance, the Kona Electric SE stands out as a versatile and eco-friendly choice in the electric vehicle segment.

Specifications

Merits

• Great value for money
• Comfortable cruising
• Enjoyable chassis settings

Drawbacks

• No all-wheel-drive option
• Restricted rear bench space
• Firm ride over bumps

4. Fiat 500e

Starting Price: $32,500

The Fiat 500e, though a late entrant to the American market, is an affordable electric car option. Introduced globally in 2020, it offers a claimed 162-mile range with its 42 kWh battery. The 118 HP single-motor front-wheel-drive design focuses on urban usability, showcasing stylish design elements and generous standard features.

Specifications

Merits

• Stylish interior and exterior design.
• Generously equipped with standard features.

Drawbacks

• Limited range for highway driving.
• Modest acceleration performance.

3. Mini Cooper SE

Starting Price: $30,800

The Mini Cooper SE, designed with European drivers in mind, seamlessly incorporates BMW i3’s electric drivetrain. Priced accessibly, it features an enjoyable low-speed driving experience, impressive 110 MPGe consumption. Known for go-kart-like handling, attractive design, and generous interior space.

Specifications

Merits

• Go-kart-like handling.
• Attractive exterior looks.
• Generous interior space.

Drawbacks

• Limited range for longer journeys.
• Lower power output is noticeable at higher speeds.

2. Chevrolet Bolt EUV 1LT

Starting Price: $28,795

The Chevrolet Bolt EUV 1LT presents a compelling combination of electric efficiency and modern design, delivering a comfortable and tech-forward driving experience.

With an emphasis on practicality and advanced features, the Bolt EUV 1LT stands as a practical choice for those seeking a forward-thinking electric vehicle.

Specifications

Merits

• The cheapest EV sold in the U.S.
• Good range abilities.
• Lots of interior space.

Drawbacks

• Some parts of the car feel low-quality.
• Compact trunk area.
• Jittery ride comfort.

1. Nissan Leaf S

Starting Price: $28,140

The Nissan Leaf S exemplifies a reliable and accessible electric driving option, providing an efficient and eco-friendly solution for urban commuting. Known for its affordability and user-friendly features, the Leaf S remains a popular choice for those entering the electric vehicle market.

Specifications

Merits

• Competitive pricing.
• Comfortable interior equipment.

Drawbacks

• Limited range.
• Minimal fast-charging abilities.

Conclusion

In conclusion, the electric vehicle market in 2024 offers a diverse range of options, each catering to different preferences and needs. From the budget-friendly Fiat 500e with its compact design to the performance-oriented Ford Mustang Mach-E Select, consumers have ample choices to align with their priorities.

The eco-conscious Mini Cooper SE and technologically advanced Chevrolet Bolt EUV 1LT showcase the evolution of electric vehicles, emphasizing efficiency and innovation. Meanwhile, the Nissan Leaf S and Hyundai Ioniq 6 SE Long Range strike a balance between affordability and impressive specs.