12 Cheapest Electric Cars Right Now

2019 Kia Niro EV
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Electric Cars Are Getting More Affordable as Gas Prices Are Rising

Gas prices are rising and forecasted to increase even more. A recent tax hike in California is responsible for further increasing the state’s already high gas prices. Now, gas costs an average of almost $4.00 per gallon in the Golden State. Other states are following suit and raising gas taxes since people are driving more fuel-efficient cars, thus paying fewer gas taxes.

Meanwhile, battery production is increasing, technology is improving, and battery prices are coming down. This means electric cars are becoming less expensive to buy. Moreover, electric cars are significantly cheaper to own over time due to better efficiency, reasonable prices for electricity, and less maintenance. Electric vehicles have fewer moving parts and fewer fluids to change than traditional cars, so long-term savings can be substantial.

We’ve pored over our rankings to find every battery-electric car with a starting price that’s less than $50,000. Actually, 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. 

A few automakers are beginning to see a reduction in their tax credit eligibility, and these credits will not be around forever. So, it’s high time to make the switch to electric and take advantage of the rebate. However, make sure to check with a tax professional to find out if your tax situation allows you to benefit from the credit.

Our scores and rankings are updated on a regular basis as new data and expert research become available. For this reason, the scores and details in this article may not match up precisely with what you see in each vehicle’s review. If one of these electric cars interests you, be sure to check out its review for more in-depth and up-to-date information.

On the following pages, you’ll find informative summaries of a variety of electric cars on the market today.

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