The Cheapest Electric Cars for 2020

2019 Hyundai Ioniq Electric
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Save Money Without Sacrifice With These Electric Vehicles

The electric vehicles (EVs) of yesterday were often polarizing, short on range, and lacking in performance. However, in many cases, that has changed. 

While there are still a few EVs with limited range, most models with subpar range have been discontinued. In addition, updated models and trim levels are coming to market, touting more range and faster charging capability than their predecessors.

Many of today’s EVs look like conventional cars, and offer better overall performance than gas-powered vehicles. To top it off, electric vehicles are significantly cheaper to own over time due to better efficiency, reasonable prices for electricity, and minimal maintenance.

We’ve searched through our rankings to find every battery-electric car with a starting price that’s less than $50,000. In fact, most of the cars on our list have an MSRP between $30,000 and $40,000. It’s important to note that cars using battery power alone qualify for a federal electric vehicle tax credit of $7,500. 

That said, a few automakers are beginning to see a reduction or complete phase-out of their tax credit eligibility, and these credits may not be around forever. So, if possible, take advantage of this incentive while it’s still available on most of today’s EVs. However, before you buy, make sure to check with a tax professional to find out if your financial situation allows you to claim the credit.

Keep in mind that our scores and rankings change on a regular basis as new data and expert research become available. For this reason, the scores in this article may not match up with the scores in our individual vehicle reviews.

Continue reading to learn more about the cheapest electric cars on the market today, ordered from the moderately priced to the absolute cheapest. Read to the end to learn about some future electric cars on the horizon.

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