5 Affordable Electric Vehicles You Can Buy In 2022 (2023)

5 Affordable Electric Vehicles You Can Buy In 2022 (1)

The average new vehicle sells for nearly $50,000, but not every vehicle costs the same to maintain and operate. Fuel economy, reliability, insurance, and maintenance needs are just some of the factors that determine the total cost of ownership for any vehicle.Automakers have made it clear that they’re bringing EVs to the masses, however cheap electric cars remain elusive.

Consumers in the market for an affordable vehicle in 2022 are presented with diverse options, including a larger selection of electric vehicles than ever before. EV‘s are no longer just for tech nerds. People who had never imagined themselves in an electric vehicle are making the switch simply for fuel savings.

However, it remains true that the majority of electric vehicles carry luxury price tags. It’s unlikely you’ll hear anyone say there are “cheap electric cars,” however there are affordable EVs. Here are five affordable electric vehicles that drivers love in 2022.

Contents hide

1 The best affordable electric car: Volkswagen ID.4

2 The best range for a “cheap” electric car: Kia EV6

3 The fastest charging for a “cheap” electric car that isn’t a Tesla: Hyundai IONIQ 5

4 The affordable Tesla: Model 3 Rear-Wheel Drive

5 The best “cheap” electric car: 2022 Hyundai Kona Electric

(Video) Top 10 Electric Vehicles for ANY Budget in 2022

6 Runner Up: 2023 Fisker Ocean

The best affordable electric car: Volkswagen ID.4

Starting at $40,760

240 – 260 miles of range

Learn more: YAA Review of the Volkswagen ID.4

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Pros:

  • Affordable
  • Accurate range ratings
  • Over-the-air update capability
  • 3 years of free charging at Electrify America
  • Qualifies for the federal EV tax credit

Cons:

  • RWD is slow for an EV
  • Reliability remains to be determined
  • It’s hard to find one on a dealer lot

If you’re in the market for a great electric vehicle that will get you from A to B in comfort and confidence, the 2022 Volkswagen ID.4 should be on your short list. Capable performance, great safety ratings and a spacious cabin make the ID.4 a great place to be for the price point.

The 2022 ID.4 can go the distance, leaving range anxiety behind for the most part. Dozens of real-world range tests show that even on the highway at 70 mph, the ID.4 gets well over 200 miles on a charge. In city driving, closer to 300 miles is likely.

2022 updates are bringing bidirectional charging, plug-and-charge, increased range, quicker charging and major over-the-air updates to the ID.4. Even 2021 models will get new features via OTA updates this summer. Learn more about the game-changing capabilities of OTA updates here.

When it comes time to charge, you can either juice up at home overnight, or take advantage of 3 years of free Electrify America charging with unlimited miles. For frequent travelers, the Electrify America incentive can be worth a few thousand dollars. At a fast charger, charging to 80% takes about 30 minutes.

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The all-wheel drive version of the ID.4 is where this crossover really shines. Adding another motor to the front axle increases horsepower to 295 with 339 lb-ft of torque and a very satisfying 0-60 time of just 5.4 seconds. However, it’s not quite a car you’d take to the track. The handling is well-tuned for attacking winding roads in inclement weather, although it maintains a more family-oriented demeanor.

The 2021 ID.4 earned a Top Safety Pick+ rating from the Insurance Institute for Highway Safety, and a five-star rating from the National Highway Traffic Safety Administration’s rigorous crash testing. YAA recently detailed all electric vehicle safety ratings in 2022.

(Video) 10 Cheapest Electric Cars You Can Buy in 2022

The Volkswagen ID.4 is about as good as it gets for its use case. For the frugal-minded, It’s a particularly compelling car in the base Pro trim with rear-wheel drive (MSRP $40,760). Volkswagen’s EVs still qualify for the $7,500 federal EV tax credit in the US, which can turn the entry-level ID.4 into a $34,000 purchase. That’s an amazing value in today’s market.

The best range for a “cheap” electric car: Kia EV6

Starting at $40,900

232 – 310 miles of range

Learn more: YAA Review of the Kia EV6

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Pros:

  • Great range
  • Fastest charging EV
  • Over-the-air update capability
  • Available in all 50 states in 2022
  • Qualifies for the federal EV tax credit

Cons:

  • Low profile may not appeal to those looking for a SUV
  • Reliability remains to be determined
  • It’s hard to find one on a dealer lot

If you’re a techie who demands the latest and greatest that automakers have to offer, but don’t have the budget to buy an extravagant Lucid Air or Mercedes EQS, the Kia EV6 and its platform sibling the Hyundai IONIQ 5 just might be what you’re looking for.

Kia and Hyundai partnered up to engineer the new E-GMP battery and powertrain platform. The first two models to feature this advanced architecture are the Hyundai IONIQ 5 and the all-new Kia EV6. Both of these crossovers offer ultra-fast charging, impressive range, and over-the-air update capability for just over $40,000.

The 2022 Kia EV6 has a premium feel to it, and that’s something we’re still learning to expect from Kia. Aggressive looks on the outside are met with a welcoming, spacious interior. The cabin is open and airy.

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The EV6’s front dash consists of dual 12.3” screens, one for infotainment and another for the instrument cluster. Higher trims also include an augmented reality heads-up display that projects driving directions and basic info onto the windshield within the driver’s line of sight.

The Kia EV6 is no slouch; it can hustle with a heavy foot. All-wheel drive variants produce 313 hp and a 0-60 time of 5.1 seconds, but range drops to 274 miles on a charge. Longer range rear-wheel drive trims still reach 60 mph in just 7.3 seconds. For perspective, that’s about two seconds quicker than the popular Subaru Forester.

With a starting MSRP around $42,000 with destination, the 2022 EV6 represents incredible value for leading-edge tech. It even has faster charging and longer range than similarly priced Tesla models.

The greatest advantage the Kia EV6 has over any Tesla model is that the EV6 qualifies for the federal electric vehicle tax credit. Buyers can save up to $7,500 on their federal taxes if they purchase a Kia EV. Tesla and GM brands are no longer eligible since they’ve already sold greater than 200,000 electric cars.

If you’re a fan of the specs but not the aggressive looks, the Hyundai IONIQ 5 may be the perfect compromise.

The fastest charging for a “cheap” electric car that isn’t a Tesla: Hyundai IONIQ 5

Starting at $40,925

220 – 303 miles of range

Learn more: YAA Review of the Hyundai IONIQ 5

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The IONIQ 5 made our YAA list of the 5 best cars to buy in 2022!

Pros:

(Video) What’s The Best EV To Buy Right Now? Tesla Model Y vs ALL the rivals | Top Gear

  • Fastest charging EV (also Kia EV6)
  • Unique, retro-meets-futuristic looks
  • Enough performance for some fun
  • Over-the-air update capability
  • 2 years of free charging at Electrify America
  • Qualifies for the federal EV tax credit

Cons:

  • Real–world range comes up short
  • Reliability remains to be determined
  • Most available today are higher trims
  • Available in select states until mid-2022

The all-new 2022 Hyundai IONIQ 5 is a uniquely retro electric crossover. You’re sure to get plenty of thumbs-ups at stoplights in this head-turner. It’s under $50,000, and surprisingly available at dealerships today. Hyundai says that the pixelated design draws inspiration from the first car they brought to America, the Hyundai Pony.

Also built on the new E-GMP platform, the Kia EV6’s sibling is as comfortable slamming into curves as it is cruising the interstate. The all-wheel drive variant is adequately powered with 320 horsepower and 446 lb-ft of torque. The AWD IONIQ 5 can get up and go with a 0-60 time of 5.2 seconds. That’s just a hair above the current electric crossover sales champion, the Tesla Model Y.

Range varies from 220 miles up to 303 miles depending on battery size and drivetrain. That’s slightly above average for a 2022 model. It’s important to note that some real-world highway range tests have struggled to get the IONIQ 5 past 200 miles on a charge.

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The IONIQ 5 does have one massive advantage over its competitors: charging speed. When you plug in at any Electrify America charging station, the IONIQ 5 can handle up to 230 kW charging speeds. Charging from 10% to 80% (adding 212 miles of range) takes just 18 minutes. The only other vehicle on the market capable of charging that fast is the $75,000+ Lucid Air luxury sedan. The IONIQ 5 has a major charging advantage over the ID.4 and Mustang Mach-E.

The IONIQ 5 is part crossover, part oversized hatchback. That’s not a bad thing. Somehow, Hyundai pulls off this delicate balance in all the right ways. The Ioniq 5’s interior volume (passenger and cargo combined) is 133.7 cubic feet, which is larger than the VW ID.4 and Ford Mustang Mach-E. The roominess has more in common with a Hyundai Santa Fe than a Kona.

Starting at just $40,925 for the 58 kWh smaller battery base model, the IONIQ 5 is available for thousands less than was expected. Most buyers will opt for the larger battery pack (77.4 kWh), which is comparable to other class competitors. With standard rear-wheel drive, the IONIQ 5 SE with the long range battery starts at $44,875. All-wheel drive is available for $3,500-3,900 more. The Limited trim starts at $51,825 and maxes out over $56,000 with all options included.

The affordable Tesla: Model 3 Rear-Wheel Drive

Starting at $44,990

272 miles of range

Learn more: YAA Review of the Tesla Model 3

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Pros:

  • It’s a Tesla that’s actually affordable
  • There’s a very short wait for delivery
  • Enough performance for some fun
  • Tesla Supercharger network
  • Over-the-air update capability

Cons:

  • Does not qualify for the federal EV tax credit
  • Lacking many luxury features, such as massaging seats
  • No Apple CarPlay or Android Auto
  • White and midnight silver are the only free paint options

Say hello to the only Tesla available for less than $50,000. In reality, the 2022 Rear-Wheel Drive Model 3 is the same car as the ‘Standard Range Plus’ variant that the American automaker sold until 2021. Perhaps calling something ‘standard’ just wasn’t on-brand for the luxury automaker.

Don’t get your hopes up if you’re thinking you can get access to Tesla’s Full Self-Driving for under 50 grand. Tesla now charges $12,000 for FSD, which would bring the 2022 Rear-Wheel Drive Model 3 closer to $60,000 after taxes and fees.

Find out everything you need to know about self-driving cars in our YAA guide to autonomous vehicles.

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This base trim has received some 2022 upgrades, most notably an increase in range from 262 miles to 272 miles on a charge with the included 18” aero wheels. The 2022 Rear-Wheel Drive Model 3 features new lithium iron phosphate (LFP) batteries which will allow the car to repeatedly charge to 100% without risking as much harm to the life of the battery.

The Rear-Wheel Drive Model 3 is powered by a single electric motor that produces 296 hp and 277 pound-feet of torque. This sedan powers to 60 mph in just 5.8 seconds, not bad for a base trim.

At a Tesla Supercharger, its 60 kWh battery pack can accept up to 170 kW when nearly empty. In the real world, that means charging from 10-80% (adding 190 miles of range) takes about 26 minutes.

The 2022 Tesla Model 3 Rear-Wheel Drive now sells for a notoriously non-negotiable $44,990, plus the $1,200 destination and doc fee. So the cheapest Tesla is now $46,190. Just a year ago, it was $38,190.

(Video) Best Small Electric Cars 2022 (and the ones to avoid) | What Car?

The best “cheap” electric car: 2022 Hyundai Kona Electric

Starting at $34,000

258 miles of range

Search hundreds of Hyundai Kona EVs for sale today at YAA Car Search!

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Pros:

  • A great alternative for those considering the Chevy Bolt
  • Under $30,000 with federal incentives; under $25,000 for some
  • Real-world range exceeds ratings
  • Unbeatable 10-year/100,000-mile warranty

Cons:

  • Slow charging speeds
  • Full of tech from the previous generation of electric vehicles
  • A previous recall associated the Kona with ‘potential fire hazard’
  • Front-wheel drive only
  • Overshadowed by the IONIQ 5

Hyundai’s forgotten electric vehicle should not be overlooked by those in search of a very affordable entry into electric mobility. The 2022 Hyundai Kona EV may not look all that attractive, but it has decent range and room to fit most lifestyles.

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For just $34,000 before incentives, you can become the owner of the original Hyundai EV. This front-wheel drive subcompact crossover gets 258 miles on the charge, exceptional range for a budget EV. Some owners get over 275 miles on a single charge. The Limited trim, top-of-the-line option comes in at $42,500.

If you plug in at home, charging to 100% from a 240-volt dryer outlet will only take you about 9 hours from 10% state of charge. That will get you a full battery overnight while you’re sleeping. At a DC fast charger, the Kona is behind the competition. In 47 minutes, the Kona Electric charges from 10% to 80% capacity.

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If you’re more of a Kia lover, we have great news. The Kia e-Niro is basically the Kona Electric with a Kia face.

Due to the Kona Electric’s charging faults, this would not be a great road-tripping vehicle. But if you’re looking for cheap electric cars perfect for zipping around town, this is a great deal not to be overlooked.

Runner Up: 2023 Fisker Ocean

Available in 2023, but you can reserve one now.

Learn More: YAA review of the Fisker Ocean

5 Affordable Electric Vehicles You Can Buy In 2022 (13)

The Fisker Ocean sure does promise a lot. Will it deliver? At just $37,000, Fisker’s all-electric brand quotes 250 miles of range for the entry-level Fisker Ocean crossover. The 2023 Fisker Ocean didn’t make our official list for a few reasons. It hasn’t been produced yet, and delays have pushed the start of production back to November 2022. Fisker says they have 32,000 reservations in the books, so if you’re looking to buy one, it may not be possible until mid-2023. Furthermore, the more capable and sporty Fisker Ocean trims start at $50,000.

YAA’s Take: Range and Reliability Matter Most

You may be wondering where the Chevrolet Bolt and Nissan Leaf are on this list of cheap electric cars. The Leaf is one of the originators of the EV segment, having started it all back in 2011. However, Nissan has regrettably not invested in range or battery performance upgrades over the years. It’s failing to keep up with the growing competition.

The 2022 Nissan Leaf S gets just 149 miles of range and charges quite slowly at between 50 and 100 kilowatts at a fast charger. It is the MOST affordable electric vehicle, with prices ranging from $27,400 to $37,400, however we can’t recommend an EV that leaves the lot at a disadvantage. As electric vehicles come to market with 250 to 400 mile ranges, how will the Leaf retain any resale value?

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And then there’s the Chevrolet Bolt. It’s affordable and even looks okay with the recent facelift. While it’s true that the recall fix is giving Bolts brand-new, modernized battery packs, the reliability of the Bolt has taken such a hit that it’s too great of a financial risk for today’s consumers to get behind the wheel worry-free. You don’t want your $31,000 purchase to be a symbol of unprecedented fire risk. What would it take to change my mind? At this point, a few years of problem-free driving. Until then stay away from the Chevrolet Bolt. As you can see, there are plenty of other affordable electric vehicles out there in 2022.

Follow the money. Automakers are going all-in on electric vehicles in 2022 and beyond. The consumer benefits as competition rises, so perhaps affordable EVs are here to stay. If you’re looking to go electric in 2022, you don’t have to buy a Tesla, Nissan Leaf or Chevy Bolt. Every automaker is racing to become the next big thing in the world of EVs.

Some parting advice: consider all options, and test drive as many electric vehicles as you can. You’ll be amazed at what’s out there, and even more amazed at what’s to come.

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(Video) TESLA's Half Price... 5 Amazing Electric SUV under $35k

FAQs

What EV is best for Money 2022? ›

  • 2022 MINI Cooper SE.
  • Mazda MX-30.
  • Hyundai Kona EV SL.
  • Hyundai Ioniq 5.
  • Kia Niro EV.
  • Kia EV6.
  • Volkswagen ID. ...
  • Mustang Mach-E.
28 Jun 2022

How much is the cheapest electric car 2022? ›

The cheapest electric cars you can buy in 2022 include the Ford F-150 Lightning, Chevy Bolt EV, and Kia EV6. The cheapest model starts at $27,400, before factoring in the federal tax credit for EV purchases.

What is the cheapest electric new car to buy? ›

Cheapest electric cars
  • Fiat 500 Electric.
  • Nissan Leaf.
  • MINI Electric.
  • MG ZS EV.
  • Peugeot e-208.
  • Renault Zoe.
  • Hyundai Kona Electric.
  • Honda e.
12 Oct 2022

Is it worth buying an electric car in 2022? ›

If an EV is in your price range, and range isn't going to be a problem based on typical journeys, getting an electric car is a great idea. Not only is it cheaper to run, but it's also eco-friendly, usually nippy – and a way to futureproof your transport solution for years to come.

What is the number 1 selling electric car? ›

#1 – Tesla Model Y

This compact SUV outsold the Model 3 and the company doubled production on the Model Y in 2022. The sure-footed sibling to the Model 3 is seriously quick, an electric sports car in a crossover body.

Which electric car is most reliable? ›

The 11 most reliable electric cars
  • Hyundai Kona Electric (2018-present) Reliability rating: 89.1% ...
  • Renault Zoe (2013-present) Reliability rating: 89.4% ...
  • BMW i3 (2013-2022) ...
  • Nissan Leaf (2019-present) ...
  • Tesla Model 3 (2019-present) ...
  • Kia e-Niro (2019-2022) ...
  • Volkswagen e-Golf (2013-2020) ...
  • MG ZS EV (2019-present)
12 Oct 2022

How long do EV batteries last? ›

“Today, most EV batteries have a life expectancy of 15 to 20 years within the car – and a second life beyond.” It's also worth noting that EV battery technology is still evolving, so as tech develops we expect batteries' lifespan to increase – as well as becoming cheaper, smaller and even lighter.

How much does it cost to charge an electric car at home? ›

Using the U.S. household average from June 2022 of about 15 cents per kWh, it would cost about $59 per month to charge an electric car.

Does it cost money to charge an electric car? ›

The Bottom Line

The cost of charging your EV on a road trip can vary, but will generally be between $10 and $30 per charge. That can make the cost of a road trip in an EV higher than the cost in a conventional vehicle.

Are electric cars cheaper to insure? ›

Electric cars tend to cost more to insure than a comparable petrol or diesel. That's because they have large batteries that are expensive to replace if the car is damaged.

What is the cheapest electric Smart car? ›

List of the cheapest current and upcoming electric vehicles
Electric Vehicle ModelMSRP (USD)Release Date
smart EQ forfour (2021)*$25,117*Available*
WM Motor W6 (2021)*$26,500*Available*
smart EQ fortwo cabrio (2021)*$27,206*Available*
Nissan LEAF S (2022)$27,400Available
56 more rows
20 Oct 2021

How long do electric cars last? ›

Both of the mandated warranty numbers (8 years, 100,000 miles) for EV batteries far exceed the average ICE vehicle drivetrain warranty of 5 years or 60,000 miles. The average lifetime mileage of an ICE vehicle is about 133,000 miles.

Do electric cars lose value quickly? ›

The depreciation of electric vehicles stacks up well compared to petrol cars, which usually depreciate the fastest. Diesels have also seen higher depreciation in recent years, in part due to the controversy surrounding the diesel emissions scandal.

Can electric cars last 20 years? ›

Life Expectancy

Generally, electric vehicle batteries last 10-20 years, but some factors may reduce their lifespan. For instance, batteries may degrade faster in hotter climates as heat does not pair well with EVs.

Do electric cars hold their value? ›

Unfortunately, electric cars depreciate a bit faster than gas-powered cars. The most significant vehicle depreciation typically occurs after purchase and within the first three years. According to an iSeeCars study, EV owners can expect 52 percent depreciation in the first three years.

What is the best selling electric car in the United States? ›

According to registration and sales records, Tesla is still dominating the EV market with around 75% of EVs sold between January and March being Tesla models and the Model Y SUV and Model 3 sedan making up around 68% of the EV market on their own. Those models represent the top two best-selling EVs in 2022 so far.

What is the most promising electric car company? ›

  • The Best EV Stocks of 2022.
  • Tesla Inc (TSLA)
  • NIO Inc. ( NIO)
  • Li Auto Inc. ( LI)
  • XPeng Inc. ( XPEV)
  • ChargePoint Holdings (CHPT)
  • Proterra Inc. ( PTRA)
  • Rivian Automotive, Inc. ( RIVN)

What is the biggest problem with electric cars? ›

EV owners have experienced chronic problems with the display screens, exterior door lights, failing temperature sensors, mismatched paint, and seals and weatherstripping. It's not just that these problems occur, but that they occur at a higher rate than with conventional vehicles.

Will electric cars last 10 years? ›

However, the good news is that an EV battery lasts 10 years on average before needing a replacement. Many vehicles with gas engines can run up to 200,000 miles, which is more than 10 years if they're driven an annual average of 12,000 to 15,000 miles.

Which electric car goes the longest? ›

1. Mercedes EQS - 485 miles. The longest-range electric car currently on sale is also one of the newest: the Mercedes EQS. It's a version of the brand's S-Class flagship saloon, but it uses electric power only and has a deeply impressive maximum range of 485 miles in the EQS 450+ model.

What is the cost to replace the battery in an electric car? ›

Experts say electric vehicle batteries typically cost between $2,000 and $10,000 to replace, but some are more expensive. Electric vehicles are growing in popularity worldwide, with sales doubling in 2021 to a new record of 6.6 million, the International Energy Agency said in May.

What happens if my electric car runs out of battery? ›

Reviewed by Shannon Martin, Licensed Insurance Agent. If you're driving an electric car and it runs out of power, the short and simple answer is this: the car will stop—and you'll need to call roadside assistance to get towed to the nearest charging station.

Do electric cars lose charge when parked? ›

Electric cars can handle extended periods of inactivity very well, even better than combustion-powered engines, in fact, whose 12V batteries can lose charge, and whose fluids and radiator hoses can become damaged.

Can you plug an electric car into a regular outlet? ›

You can charge your electric car using standard 120 volt(V) home outlets (Level 1), 208-240V outlets like those used by your dryer (Level 2), or dedicated 480V+ public fast chargers (DC Fast Charging). The time it takes to charge using each of these three options depends on your drive and the size of the battery.

Should I charge my electric car every night? ›

The short answer to the question is no. In general, you should not charge your electric car every night. It isn't necessary in most cases. The practice of charging an electric vehicle every night can shorten the lifespan of the car's battery pack.

Do electric cars have air conditioning? ›

Yes, electric cars have air conditioning systems just like gas-powered cars, but they will be powered by an electric battery rather than an engine. It should be noted that just like how running your AC on a hot summer day can eat into your gas mileage, the same is true for your electric car's range.

How much does it cost to use a charging station at Walmart? ›

To use the Electrify America chargers, plug in and follow instructions on touchscreen to begin charging session by inserting credit or debit card. Pricing ranges from 25 cents to 99 cents, depending on the vehicle's power level, with a $1 session fee.

How long does it take to charge an electric car at a charging station? ›

Summary. The time it takes to charge an electric car can be as little as 30 minutes or more than 12 hours. This depends on the size of the battery and the speed of the charging point. A typical electric car (60kWh battery) takes just under 8 hours to charge from empty-to-full with a 7kW charging point.

How many hours does it take to charge an electric car? ›

Level 1 chargers can take 40-50 hours to charge a battery electric vehicle (BEV) from empty and 5-6 hours to charge a plug-in hybrid electric vehicle (PHEV) from empty.

Are electric car repairs more expensive? ›

Electric vehicles are cheaper to maintain

On average, it costs $7 for owners to maintain their EVs in the first year of ownership. On the other hand, an owner of a gas-powered car spends $30. So it's true that EVs are typically cheaper to maintain, but service and repair costs are a different story.

How much road tax do you pay on an electric car? ›

Yes, you read that right, you don't have to pay any money to get road tax (VED) on a fully electric car in 2022-2023. The Government is currently incentivising car buyers to choose zero emission vehicles with zero road tax rates.

What are the disadvantages of owning an electric car? ›

What are the downsides to electric cars?
  • Their batteries need rare metals. ...
  • Making electric cars creates more emissions. ...
  • They are only as green as their power sources. ...
  • Electric cars can be expensive to buy. ...
  • You can't drive as far in an electric car. ...
  • There aren't enough charging points.

How long does an electric Smart car last? ›

An electric Smart Fortwo vehicle can drive about 58 miles (93 km) on a full charge. Though this doesn't seem like a lot, it's almost twice what the average American drives each day. Smart cars are tiny, but they are fully functional vehicles believe it or not.

What is the minimum cost of an electric car? ›

Take a look at 20 popular electric cars available in India in the price range of Rs. 4.50 Lakh - Rs. 2.45 Crore.

Is insurance expensive on a Smart car? ›

Smart cars cost less to insure than other cars, on average. Because of the small size of Smart cars, they cost less to make and do less damage than other vehicles that are much bigger. For these reasons, it's often cheaper to insure a Smart car compared to larger vehicles.

Are electric cars affected by cold weather? ›

How Much Range is Lost? Cold temperatures do affect electric vehicles and steal some of their range. The amount of range lost depends on many factors such as the car itself, its potential range in normal weather, and whether the heat is on.

Do electric cars use oil? ›

Electric vehicles are powered by a battery and an EV engine with an electric motor. There are no pistons, valves, or other moving parts that require lubrication, and therefore, EVs don't use the traditional engine oil that would help maintain those parts.

What maintenance does an electric car need? ›

All-electric vehicles typically require less maintenance than conventional vehicles because: The battery, motor, and associated electronics require little to no regular maintenance. There are fewer fluids, such as engine oil, that require regular maintenance.

Are electric car sales increasing 2022? ›

In the first quarter of 2022, EV sales came to 2 million, a 75% increase compared to the first three months of 2021.

Will EV become affordable? ›

But it is inevitable that EVs will become significantly more affordable in the near future – whether it's through natural economic factors, competition, lower production costs or government stimulus packages, or the combined effect of all them colliding at once.

Will new electric cars hold their value? ›

Yes. The more in-demand a brand is, the more likely it is to still be desirable even as a second-hand vehicle. This is why electric cars from Tesla and Mercedes can buck the trend when it comes to the 60% lost value rule.

What is the average cost of an electric car 2022? ›

In 2022, the average cost of a new EV is $65,291, or about 37% higher than the overall new car market.

How much does it cost to charge an electric car? ›

Let's say you drive about 1,183 miles per month (Americans drive an average of about 14,200 miles annually). For an EV, you will use about 394 kWh in that timeframe. Using the U.S. household average from June 2022 of about 15 cents per kWh, it would cost about $59 per month to charge an electric car.

How many hours does it take to charge an electric car? ›

Level 1 chargers can take 40-50 hours to charge a battery electric vehicle (BEV) from empty and 5-6 hours to charge a plug-in hybrid electric vehicle (PHEV) from empty.

What Year Will electric cars take over? ›

Thirty-five percent of new vehicles sold in 2026 need to be fully electric or hybrid, up from about 16% currently. That target rises to 68% in 2030 and 100% by 2035. Automakers that fail to comply incur a penalty of up to $20,000 per non-compliant vehicle sold.

What is the biggest problem with EV? ›

EV owners have experienced chronic problems with the display screens, exterior door lights, failing temperature sensors, mismatched paint, and seals and weatherstripping. It's not just that these problems occur, but that they occur at a higher rate than with conventional vehicles.

How long do electric cars last? ›

Both of the mandated warranty numbers (8 years, 100,000 miles) for EV batteries far exceed the average ICE vehicle drivetrain warranty of 5 years or 60,000 miles. The average lifetime mileage of an ICE vehicle is about 133,000 miles.

How much does a cheap electric car cost? ›

The only EVs with starting prices under $30,000 (including shipping) now are versions of the Nissan Leaf and Chevrolet Bolt. Both are smaller than a typical gas-powered compact SUV. The Mini Cooper Electric, Mazda MX-30 and Hyundai Kona Electric are in the $30,000s, according to Edmunds.

How many miles does an electric car last before replacement? ›

Why do electric car batteries degrade over time? Most EVs use lithium-ion batteries. These degrade over hundreds of charge/use cycles, becoming less effective in the process. However, drivers can expect upwards of 10 years or 100,000 miles of use – with reports of twice that distance – from an electric car.

Do electric cars depreciate faster than regular cars? ›

All new cars depreciate in value once they leave the dealership, and electric vehicles are no exception. In fact, used electric car prices often drop much more quickly than their petrol, diesel or hybrid counterparts. One reason for this is the rate at which EV technology continues to improve.

How much does it cost to charge an electric car at Walmart? ›

To use the Electrify America chargers, plug in and follow instructions on touchscreen to begin charging session by inserting credit or debit card. Pricing ranges from 25 cents to 99 cents, depending on the vehicle's power level, with a $1 session fee.

How long do EV batteries last? ›

“Today, most EV batteries have a life expectancy of 15 to 20 years within the car – and a second life beyond.” It's also worth noting that EV battery technology is still evolving, so as tech develops we expect batteries' lifespan to increase – as well as becoming cheaper, smaller and even lighter.

How much does it cost to charge an electric car vs gas? ›

In general, charging an EV is approximately 3.5 times cheaper per mile than the cost of fueling a gas-powered car. Based on driving a compact sedan, you will pay approximately $0.04 per mile to charge your EV compared to $0.14 to fuel your gas-powered car.

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