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Top 9 Cheapest Electric Cars In The US Market 2023/24. Photo KnowInsiders

The demand for electric vehicles is definitely on the rise. President Joe Biden has set an ambitious goal for half of new car sales to be electric, fuel cell or hybrid electric vehicles by 2030.

Automakers are saying so by flooding their green car production operations with billions of dollars in investment. The recent surge in gasoline prices at the pump has convinced skeptics to look at the potential of less polluting vehicles. Buying an electric car seems a good choice in the future.

In 2023 and 2024, the US market will see lots of new electric cars coming with affordable prices.

Top 9 Cheapest Electric Cars In The US Market 2023/2024

1. Honda Prologue - $45,000

Top 9 Cheapest Electric Cars In The US Market 2023/2024
Photo Honda Prologue

Honda is about to enter a new age of electric automobiles. It all begins with the 2024 honda prologue SUV, a totally electric vehicle that offers adaptability and a driving range on par with the company’s current SUV portfolio prologue; a new electric car from Honda will be unveiled for the 2024 model year as a result of a new relationship with general motors.

Although Honda hasn’t revealed much about the car, it’s assumed that the prologue will be a compact to mid-size SUV. If the lyric’s 100-kilowatt-hour battery is used in the prologue, then a 300-mile range is expected. Even though gm will design the base and powertrains, a honda will build the prologue’s body and interior.

The Acura luxury brand is likely to provide a prologue variant as well. Although no specifications have been announced as of this writing, the prologue’s pricing and trim levels haven’t been revealed by honda yet. We estimate the new model will begin at 45,000.

2. Subaru Solterra - $44,995

Photo Subaru
Photo Subaru

The Subaru Solterra and Toyota bZ4X share a similar overall design, and they’re both technically available to buy right now. That said, inventory is extremely limited, and the Subaru Solterra will be hard to find until 2023.

The highly-anticipated 2023 Solterra starts at $44,995 and comes in three trim levels: Premium, Limited, and Touring. The Solterra comes standard with 8.3 inches of ground clearance, Subaru’s upgraded AWD system, stylish good looks, and a 71.4 kWh battery capable of delivering nearly 329 miles per charge. Remember that the more expensive AWD model only gets about 286 miles per charge.

Still, the Subaru Solterra is an excellent compact EV that you’ll want to keep an eye out for throughout 2023.

Do you know...?

If half of all cars sold by 2030 were electric in the US, EVs could make up between 60%-70% of cars on the road by 2050.

3. Jeep Avenger electric SUV - about $30,000-40,000

Jeep debuted its first all-electric vehicle in September and will be available sometime in 2023. The new electrified Jeep Avenger SUV is a compact yet capable vehicle, even if it’s only front-wheel drive, and should offer around 249 miles on a single charge.

According to Jeep, the Avenger will have much to offer in a small package. It’ll run on a 400 Volt electric powertrain system, and those using a 100kW DC fast charger will see 20-80% charge in under 25 minutes. It’s a rugged SUV that slots in under the Jeep Renegade.

Unfortunately, we’re not sure when (or if) it’ll ever come to the United States. That said, it’ll be available for European buyers in early 2023 for around 30,000-40,000 EUR, which means we could see a similar $30-40k price in the US.

READ MORE: Why Do Many US Luxury Cars Have Montana License Plates?

4. 2023 Nissan LEAF - $37,135

Photo car and driver
Photo car and driver

The Nissan Leaf is a small electric car with an affordable price that eases the switch from a gas vehicle to an EV. Its shorter-than-average range is its biggest downside, but the Leaf SV Plus trim addresses that, if you're willing to spend a bit more. The Nissan LEAF is a 5-seater vehicle that comes in 2 trim levels. The most popular style is the SV PLUS, which starts at $37,135 and comes with an Electric engine and Front Wheel Drive. This LEAF is estimated to deliver 121 MPGe in the city and 98 MPGe on the highway.

Do you know...?

Less than 1% of the 250 million cars, SUVs and light-duty trucks on the road in the United States are electric.

Getting drivers to switch from gas-powered to electric vehicles (EVs) is essential for the U.S. to be carbon-neutral by 2050.

However, changing the composition of vehicles on the road will be a slow process because only about 17 million new cars are sold each year.

5. 2023 MINI Electric Hardtop - $34,750

Photo US News
Photo US News

As the full-electric version of the fabled Mini, the Mini Electric Hardtop presents big benefits in a small package. It features the inimitable Mini styling and the brand's signature spunk in a vehicle that gives drivers immunity from gasoline prices. The MINI Electric Hardtop is a 4-seater vehicle that comes in 2 trim levels. The most popular style is the SE, which starts at $34,750 and comes with an Electric engine and Front Wheel Drive. This Electric Hardtop is estimated to deliver 119 MPGe in the city and 100 MPGe on the highway.

Pros

Unmistakable Mini personality

Easy to park

Lower starting price than many EVs

Cons

Four-passenger interior

Limited range before charging is needed

6. Chevrolet Equinox Electric - $30,000

The all-electric Chevrolet equinox compact SUV will be on sale in the fall of 2023, replacing the current gasoline-powered model. The first photographs of this new vehicle reveal its elegant design and futuristic interior, which contrasts sharply with the pleasant gas-powered equinox. Chevrolet claims that it will have lt and rs versions available for purchase. The gm ultimate battery will be used in the equinox EV, which is all we know about it mechanically.

There are no official details on the battery’s capacity or expected driving range, but we believe it’ll need to be about 300 miles to compete in the current EV crossover market. The equinox EV, in particular, has an appealing appearance with a narrow top light strip up front and two lights below in a closed-off mod that resembles a grille.

Top 9 Cheapest Electric Cars In The US Market 2023/2024
Photo Chevrolet

The front fenders are flared, and the rear haunches are broad, giving it an athletic attitude. The abrupt back roofline sets it apart from the usual crossover. According to its estimates, the Chevrolet equinox EV is projected to have a starting price of around 30,000.

Do you know...?

Sales estimates of new EVs vary widely due to the uncertainty around local adoption rates, purchase prices and incentives, among many other factors.

By 2035, about 45% of new car sales in the US could be electric according to industry analysis IHS Markit.

7. 2023 Chevrolet Bolt EV - $29,795

Photo car and driver
Photo car and driver

With a price lowered by almost $6,000, the 2023 Chevrolet Bolt EV is a more compelling buy than ever. Though small, the hatchback can tote a lot of stuff. The Chevrolet Bolt EV is a 5-seater vehicle that comes in 2 trim levels. The most popular style is the 2LT, which starts at $29,795 and comes with an Electric engine and Front Wheel Drive. This Bolt EV is estimated to deliver 131 MPGe in the city and 109 MPGe on the highway.

Pros

New, lower price

Roomy cabin

Good range for the money

Cons

Tight rear seat

All-wheel drive is not available

The Chevrolet Bolt EV has been an engaging vehicle, but recent changes, plus a new, lower price, make it even more appealing for 2023. At 163 inches long, the Bolt EV is one of the smallest vehicles available in the U.S. That's a foot shorter than the Nissan Leaf. Far from confining, though, the Bolt EV has a roomy cabin. It has 17 cubic feet of cargo space behind its rear seats, which expands to 57 cubic feet with the seats folded down. The Bolt's short length, tight turning circle, and electric acceleration make it fun to drive, as reflected in its 6.7-second 0-60-mph time. And a driving range of more than 250 miles per charge makes road trips possible.

8. Volkswag electric car - $22,900

Photo insideevs
Photo insideevs

Michael Jost, Head of Strategy at Volkswagen, said officially that in 2023, or at the latest in 2024, the company will introduce a truly affordable electric car, which will start from less than €20,000 ($22,900).

It will be a small car, the size of a T-Roc, which could be described as a compact crossover utility vehicle.

According to Autocar, the German manufacturer targets "classless design appeal, outstanding interior space within a compact footprint".

We are probably some five years from the point when Volkswagen will be able to offer such a car, but it sounds interesting.

Affordable VW - what is expected:

in 2023, or at the latest in 2024

from less than €20,000 ($22,900)

size of a T-Roc model

5-seats

raised ride position

based on MEB platform

range well over current Volkswagen e-Golf (125 miles / 201 km EPA)

front-wheel drive

production in Emden, Germany (up to 300,000 per year)

possible siblings from Audi, Seat and Skoda

9. Fiat 500 - $21,500

The Italian brand Fiat, which belongs to Stellantis (STLA) - Get Free Report, formerly Fiat Chrysler, intends to take advantage of this to give itself a new chance in the American market. Fiat has just announced that it will bring the iconic city car 500 back to the United States, but in electric form.

The announcement is a real U-turn, as Fiat had pulled the 500 from North America in 2020, due to very disappointing sales just nine years after its return. Sergio Marchionne, the CEO of Fiat Chrysler who died in 2018, is known to have repeatedly complained that the group was losing up to $14,000 each time it sold a Fiat 500 to a North American consumer.

Stellantis did not give further details except to say that the vehicle will arrive in showrooms in North America in 2024. But the Fiat 500e is already sold in Europe where it is one of the most popular electric vehicle models. Its price really helps to seduce consumers. It sells for around 21,000 euros ($21,500), after incentives.

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