If you are one of many people who are wondering, “what is the price of an electric car?” You are in the right place, in this article all what you need to know about the price of electric cars and how to choose and buy one.
Do you think it is time to get rid of gas and switch to electricity? This is a great idea. However, you must have a budget. There will be considerable differences in the price depending on which model you choose. Although the 2022 Nissan Leaf is priced at less than $28,000, prices for luxury cars, such as electric SUVs, pickups, and high-performance vehicles, can reach well into the $100,000 range.
Although EVs are still more costly than comparable gasoline-powered vehicles, the gap is shrinking year after year. The price difference is reduced or eliminated when you consider the cost of fuel, maintenance, and purchase incentives. Many electric cars and SUVs come with buying incentives for federal, state, and local utilities.
Today’s EVs have become more than niche vehicles. They offer greater ranges and are less expensive. There are models available in almost every type of vehicle, from small hatchbacks to large pickup trucks.
This guide will show you the prices of the EVs that you can buy now or soon. Some listed models are not yet available or have been sold out. Dealer markups may apply. Some EVs are not available for lease or purchase in all states. Prices shown in some cases are taken from manufacturer product announcements and may not reflect the final pricing of the vehicle when it goes on sale. If official numbers are unavailable, the range figures shown were compiled by the EPA and automakers.
Electric Car Prices
These mainstream electric cars are among the most affordable. They have shorter ranges than other EV classes, except the 2022 Chevrolet Bolt EV.
- 2022 Nissan Leaf: $27,400
- 2022 Mini Electric Hardtop: $29.900
- 2022 Chevrolet Bolt EV: $31,500
Luxury Electric Car Price
Luxury Electric Cars are more powerful and have a more excellent range than mainstream models. Some models can be found for over $100,000. Traditional automakers are making many luxury electric cars, but new companies like Lucid and Polestar are also siblings to Volvo.
- 2021 BMW i3: $44,450
- 2022 Tesla Model 3: $46,990
- 2022 Polestar 2: $48,400
- 2022 BMW i4: $55,400
- 2022 Lucid Air: $77,400
- 2022 Porsche Taycan: $86,700
- 2022 Tesla Model S: $99,990
- 2022 Audi e-Tron GT: $102,400
- 2022 Mercedes-Benz EQS: $120,310
- 2022 Rimac Nevera: $2,400,000
Electric SUVs Price
The fastest-growing segment in the electric vehicle market is the SUV market. These models are most likely on the road by 2022. This segment offers a wide range of vehicles, including all-wheel drive models and multiple batteries with different capacities (and prices).
- 2022 Mazda MX-30: $33,400
- 2022 Chevrolet Bolt EUV: $33,500
- 2022 Hyundai Kona EV: $34,000
- 2023 Kia Niro EV: $39,990
- 2022 Kia EV6: $40,900
- 2022 Volkswagen ID.4: $41,230
- 2023 Toyota bZ4X: $42,000
- 2023 Nissan Ariya: $45,950
Where and How Do You Purchase an Electric Vehicle?
Many options are available when it comes time to purchase an electric vehicle. Many EVs are sold through traditional dealerships. However, some models, such as the Tesla, are available directly through the company’s website.
This guide will help you navigate the buying and leasing an electric vehicle.
What incentives are available for electric vehicle buyers?
Many electric vehicle incentives are available, including generous federal, state and local subsidies that can significantly lower your price. The Federal Electric Car Tax Credit, which can reach $7,500, is the largest. Although it’s unavailable for all shoppers and on all vehicles, most people qualify.
Should you Buy or Lease an Electric Vehicle?
There are many good reasons to purchase an electric vehicle and good reasons to lease one. Leasing companies may offer incentives to buyers, but they may not pass them on to the lessees. However, electric vehicle technology is rapidly improving and leasing an EV allows you to upgrade to the most recent technology every few years easily.
Which EVs are the cheapest?
The 2022 Mini Cooper Electric Hardtop and the Nissan Leaf 2022 are the cheapest EVs. They both start at under $30,000. The 2022 Mazda MX-30 is the most affordable electric SUV on the market. It is available only in select states, and the 2022 Chevrolet Bolt EUV is not eligible for the Federal Electric Car Tax Credit.
Is it cheaper to maintain electric cars?
Electric cars are easier to maintain than traditional vehicles. EVs are far more efficient than conventional vehicles in terms of mechanical components. They require less frequent brake maintenance than gasoline-powered vehicles and don’t require oil changes or tune-ups. You will still need to have your vehicle checked by a mechanic to ensure everything is working correctly.
Electric vehicles can become more expensive to maintain as they age, just like gas-powered cars. A replacement battery pack can become very expensive if the warranty doesn’t cover it. It can be costly to replace the central command screens standard in many electric cars.