Top 9 Cheapest Electric Vehicles In The US of 2024

Rosemary May 04, 2023 | 10:47

As the fuel prices keep rising, why don't consider buying an electric car? Check out Top 9 Cheapest Electric Cars In The US Market 2023 and 2024 - Knowinsiders's ranking.

Top 9 Cheapest Electric Cars 2023 to Buy in The US

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The Best Cheapest Electric Cars In The US Market 2023/24. Photo: KnowInsiders.com

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 sending a clear message by pouring billions of dollars into their green car production operations to demonstrate their commitment. Skeptics have been won over to the idea of investigating vehicles with lower emissions as a result of the recent spike in the price of gasoline at the pump. In the not-too-distant future, it might be smart to invest in an electric vehicle.

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 Vehicles In The US of 2024

Photo Honda Prologue

Honda will soon usher in a new era of electric vehicles. A new electric car from Honda will be unveiled for the 2024 model year as a result of a new partnership with General Motors. The 2024 Honda Prologue SUV is a fully electric vehicle that offers adaptability and a driving range comparable to the company's current SUV portfolio.

Honda hasn't provided many details about the vehicle, but it is widely believed that the prologue will be a compact to mid-size SUV. A 300-mile range is predicted if the 100 kilowatt-hour battery from the lyric is used in the prologue. A honda will construct the prologue's body and interior, despite gm designing the base and powertrains.

A prologue variant will likely be offered by the luxury Acura brand. The price and trim levels of the prologue haven't been disclosed by Honda yet, despite the fact that no specifications have been made public as of the time of this writing. The starting point of the new model is predicted to be 45,000.

2. Subaru Solterra - $44,995

Photo Subaru

The Subaru Solterra and the Toyota bZ4X have a general appearance that is comparable to one another, and both of these vehicles are technically for sale right now. Having said that, there is only a very small amount of inventory available, and it won't be easy to locate a Subaru Solterra until 2023.

The much-anticipated 2023 Solterra has a starting price of $44,995 and is available in three different trim levels: Premium, Limited, and Touring. The Solterra comes standard with a ground clearance measuring 8.3 inches, an upgraded all-wheel drive system from Subaru, stylish good looks, and a 71.4 kWh battery that is capable of delivering nearly 329 miles per charge. Keep in mind that the range of the more expensive all-wheel-drive model is only about 286 miles per charge.

Nevertheless, the Subaru Solterra is a fantastic battery electric vehicle of the compact variety that you are going to want to keep an eye out for throughout the year 2023.

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

In September, Jeep unveiled its first all-electric vehicle, which is expected to hit the market some time in 2023. Even though it only has front-wheel drive, the new Jeep Avenger electric SUV is a compact vehicle that is still capable. It should be able to travel approximately 249 miles on a single charge of its battery.

Jeep claims that the new Avenger will have a lot to offer despite its relatively compact size. It will operate on an electric powertrain system that operates at 400 Volts, and those who use a 100kW DC fast charger will see a charge of 20-80% in less than 25 minutes. It is a rugged SUV that is positioned below the Jeep Renegade in the Jeep lineup.

We're sorry to say that we don't know when (or even if) it will ever be available in the United States. However, it will be available for buyers in Europe in the early part of 2023 for somewhere between 30,000 and 40,000 EUR. This suggests that the price in the United States could be somewhere between 30,000 and 40,000 dollars.

4. 2023 Nissan LEAF - $37,135

Photo car and driver

The Nissan Leaf is a small, reasonably priced electric car that makes the transition from a gas car to an EV easier. The Leaf SV Plus trim fixes its biggest flaw, if you're willing to spend a little bit more. Its range is shorter than average. There are 2 trim levels available for the 5-seat Nissan LEAF.

The most popular model is the SV PLUS, which has a starting price of $37,135 and comes with a Front Wheel Drive and an Electric engine. According to estimates, this LEAF gets 98 MPGe on the highway and 121 MPGe in the city.

The 250 million cars, SUVs, and light trucks that are currently on American roads are less than 1% electric.

To achieve carbon neutrality by 2050, drivers must switch from gas-powered to electric vehicles (EVs).

However, because only about 17 million new cars are sold each year, changing the make and model of vehicles on the road will take time.

5. 2023 MINI Electric Hardtop - $34,750

Photo US News

The Mini Electric Hardtop offers significant advantages in a compact form as the legendary Mini's fully electric variant. It has the distinctive Mini styling and the brand's spunk in a car that protects drivers from gas price increases. There are two trim levels available for the 4-seat MINI Electric Hardtop.

The most popular model is the SE, which has a Front Wheel Drive Electric engine and a starting price of $34,750. According to estimates, this Electric Hardtop will get 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

In place of the current gasoline-powered model, the all-electric Chevrolet equinox compact SUV will go on sale in the fall of 2023. The elegant exterior and futuristic interior of this new car are evident in the first images, which stand in stark contrast to the charming gas-powered equinox. Chevrolet states that both the lt and rs versions will be sold. All we know mechanically about the equinox EV is that the gm ultimate battery will be used in it.

Although the battery's capacity and expected driving range are not officially disclosed, we think it will need to be about 300 miles in order to compete in the current EV crossover market. The equinox EV in particular has a stylish exterior with two lights in a closed-off mod that resembles a grille and a thin top light strip up front.

Photo Chevrolet

It has an athletic stance due to the broad rear haunches and flared front fenders. It stands out from the typical crossover thanks to the abrupt back roofline. The estimated starting price for the Chevrolet equinox EV is expected to be around $30,000.

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

The 2023 Chevrolet Bolt EV is now almost $6,000 less expensive and a more appealing purchase than ever. The hatchback can carry a lot of items despite being small. There are two trim levels available for the 5-seat Chevrolet Bolt EV. The 2LT, which starts at $29,795 and has a Front Wheel Drive Electric engine, is the most popular model. According to estimates, this Bolt EV will achieve 109 MPGe on the highway and 131 MPGe in the city.

Pros

New, lower price

Roomy cabin

Good range for the money

Cons

Tight rear seat

All-wheel drive is not available

Even though the Chevrolet Bolt EV has always been an interesting car, recent updates and a new, lower price make it even more appealing for 2023. The Bolt EV is among the smallest vehicles available in the United States, measuring 163 inches in length.

The Nissan Leaf is a foot shorter than that. But the cabin of the Bolt EV is spacious and anything but constricting. When the rear seats are folded down, the cargo area behind them increases to 57 cubic feet from 17 cubic feet. The Bolt's 6.7-second 0-60 mph time reflects how much fun it is to drive thanks to its short length, small turning radius, and electric acceleration. Road trips are also feasible thanks to the vehicle's more than 250-mile driving range per charge.

8. Volkswag Electric Car - $22,900

Photo insideevs

According to Michael Jost, Head of Strategy at Volkswagen, the company will introduce a truly affordable electric car in 2023 or at the latest in 2024, with a starting price of less than €20,000 ($22,900).

It will resemble a T-Roc in size and be a small car that falls under the category of a compact crossover utility vehicle.

The German manufacturer aims for "classless design appeal, outstanding interior space within a compact footprint," according to Autocar.

Although Volkswagen won't be able to offer such a car for another five years, it sounds intriguing.

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 Stellantis (STLA) - Get Free Report Italian brand Fiat, formerly Fiat Chrysler, plans to take advantage of this to reestablish itself in the American market. Fiat recently revealed that it would reintroduce the venerable 500 city car to the US market, but in electric form.

The announcement represents a complete U-turn for Fiat, which had planned to discontinue the 500 in North America in 2020 due to extremely weak sales just nine years after its return. Fiat Chrysler's late CEO Sergio Marchionne is rumored to have lamented repeatedly that the company was losing up to $14,000 every time it sold a Fiat 500 to a North American customer. Marchionne passed away in 2018.

The only additional information provided by Stellantis was that the car will hit North American showrooms in 2024. The Fiat 500e is one of the most well-liked electric vehicle models in Europe, where it is already available for purchase. Customers are really lured in by its price. After incentives, it sells for about 21,000 euros ($21,500).