Electric vehicles are becoming increasingly popular.
At the same time, automakers have made tremendous strides to address range anxiety.
Most of the electric cars featured below can go at least 200 miles on a single charge.
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But whats the most affordable electric vehicle, and how dotax creditsaffect the price?
Check out our list of the cheapest electric cars below.
In 2024, new EVs were eligible for:
The short version?
Once youve narrowed down your list of affordable EVs, do some research on specific battery and mineral components.
Without further ado, here are the 10 most affordable electric cars of 2025:
1.
The Leaf S Plus starts at $36,190.
Where youwillbe disappointed by the new hardtop model is in the range.
Inside, wireless connectivity and comfy seating make the Kona a standout.
Itll take about 43 minutes in this new model, depending on the DC fast charging equipment.
For those keeping score, the price of the Kona Electric actually went down for 2025 by $675.
The Chevy Equinox is an SUV with great range, and plenty of space for the whole family.
That means the 2025 Chevrolet Equinox EV, may be even more affordable after tax credits.
The 2025 Chevy Equinox EV seats five but suffers from a crowded feeling in the back.
Plus, Chevy foots the bill for your home charging setup.
You brew coffee at home, you dont walk into Target and you refuse to order avocado toast.
(Can you sense my millennial sarcasm there?)
The base model sits on sporty 18-inch alloy wheels and offers ultra-fast charging.
This starting MSRP has remained steady since 2023.
But a considerable price drop (from more than $41,000) has bumped the current model up.
In recent years, waiting lists abounded for new cars, especially electric vehicles.
Its also available for the full tax credit as of now.
Dont let the low price and tax credit fool you, however.
The newest EV from this British manufacturer is the Countryman.
With more range, more doors and more space all around, this new Mini is major.
The goal was to incentivize buyers whose major hesitations were price and range to give EVs a shot.
Previous federal tax credit legislation limited automakers to 200,000 EVs before their tax credits went away.
Keep up with tax credit updates as you plan to purchase a new electric vehicle.
The IRS implemented more stringent regulations in April 2024 and will likely implement more at the start of 2025.
Though the programs vary, they typically entail a $500 rebate or bonus cash.
New electric vehicles are about $10,000 more than gas cars if you just look at sticker prices.
But thats comparing apples to oranges.
In a given year, you could save hundreds or thousands onroutine car maintenance.
Battery replacements can cost several thousand dollars, even more than $20K.
According to ValuePenguin, EV insurance policies typically cost 25% more.
Charging Costs
Gas cars require, well, gas and it isnt cheap.
Electric cars, on the other hand, are powered by an electric motor.
And recharging that electric motor at home is much more affordable than buying a tank of gas.
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Contributor Timothy Moore is a writer and editor in Cincinnati, Ohio.
He focuses on banks, loans and insurance for The Penny Hoarder.
