With the recent wave of EV price cuts, it’s finally possible to purchase an all-electric vehicle with a road trip-ready range for under $35,000 (before federal, state, and local tax credits). But not every electric car cheap can boast such low prices, especially in 2024. That’s because most of the cheapest models feature relatively short battery ranges.
But for forward-thinking shoppers, there’s a simple solution: Spend a little more on a larger battery pack. That will not only give you more miles of range but also help cut long-term operating costs, such as fuel and maintenance, by reducing the need for oil changes, new tires and reduced brake wear.
Making Sustainability Accessible: Electric Cars Cheap
A quick word of caution: Be sure to consider an EV’s break-even time when comparing it against similar gas vehicles. Generally speaking, 200-mile range compact and midsize EVs can hit that mark in 3 to 7 years, while it takes nine to 20 years for an SUV or truck with 300 miles of range to reach the point where its lower recurring costs make up for the higher upfront cost, according to research by consulting firm Woody White.
The funky, retro-futuristic-looking Nissan Leaf is one of the cheapest EVs on the market in 2024, but it only has 149 miles of range and doesn’t qualify for a $7,500 federal tax credit. That’s why it’s a good idea to go with the optional 77-kWh battery, which adds 303 miles of range and helps the Leaf get from zero to 60 in just 6.8 seconds.
Written by warnertv
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