If you’re considering an electric vehicle (EV), you might be debating how much range you really need. For many drivers, a 200-mile range is more than sufficient, making it unnecessary to pay extra for a 400-mile battery. Whether you need a second car for city commuting or want access to high-occupancy vehicle lanes, a budget-friendly EV might be the perfect solution. Additionally, by the time your lease or loan ends, more advanced EV models will likely be available, offering even better technology and efficiency.
One important factor to consider is the cost of installing a Level 2 home charger. Many EV owners find this to be an unexpected expense, influencing how much they are willing to invest in the vehicle itself. Despite these challenges, there are still plenty of affordable EV options on the market. However, availability varies—some models are only sold in select states, while others require reservations and come with waiting periods of weeks or even months.
The Most Budget-Friendly EVs in 2025
Below is a list of 11 of the most affordable all-electric vehicles, ranked by their starting price (including destination charges). This list excludes plug-in hybrid and fuel-cell models.
- Nissan Leaf
- Hyundai Kona Electric
- Chevrolet Equinox EV
- Toyota bZ4X
- Ford Mustang Mach-E
- Hyundai Ioniq 6
- Subaru Solterra
- Kia Niro EV
- Nissan Ariya
- Tesla Model 3
- Hyundai Ioniq
What About Incentives?
It’s important to note that these prices do not include potential federal tax credits or state and local incentives, which could significantly lower the cost. However, federal EV subsidies change annually, with stricter eligibility requirements based on battery and material sourcing. For the latest details on available tax credits and qualified models, you can check the IRS’s up-to-date list of automakers and eligible vehicles.
As the EV market continues to evolve, affordable options are becoming more accessible, making it easier than ever to transition to an electric future without breaking the bank.
