The 8 cheapest electric cars you can buy right now

The 8 cheapest electric cars you can buy right now

If you want to pick up one of the cheapest electric cars, your options are pretty limited. Electric cars are already more expensive than an equivalent gas-powered car, and to make matters worse automakers tend to work from the top down. So we see them focus on premium and luxury vehicles before moving onto cheaper segments.

It’s great to want to ditch gasoline and buy an electric car, though it does rely on you being able to afford one. Buying a used electric car might expand your options a little, but even then it helps to know which ones were on the cheapest end of the spectrum already. So here are the cheapest electric cars you can buy right now, all with starting prices under $40,000.

 Chevy Bolt — from $25,600 

chevy bolt electric car

(Image credit: Chevy)

The Chevy Bolt is currently the cheapest electric car on the market, before you take the federal EV tax credit into consideration. With credits, however, Chevy is still lagging behind the Nissan Leaf. That looks like it’ll change come January 1, when the sales cap is lifted and potentially gives the Bolt a chance to earn that discount.

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