5 Cheapest Electric Vehicles for 2021

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Ru Chen
Updated on Apr 27, 2022 · 3 min read
Electric vehicles are seeing more popularity among
car buyers
. Some car buyers are hyped to switch to sleek new EVs, whereas others are reluctant to abandon their beloved gas vehicles.
If you’re considering taking the plunge and getting an EV, it’s a good idea to know which electric vehicles are the cheapest and how to save money on
car insurance
The cost of electric vehicles is a big barrier to entry for some people.

Best electric vehicles in terms of price in 2021

Here are the most affordable EVs, all starting below $40,000. Each car will be paired with its starting price, listed accordingly on
As a bonus, all of these cars are currently eligible for a federal plug-in tax credit.
Note that availability isn’t guaranteed for the listed EVs. Some are not sold in certain states, whereas others may require a lengthy reservation.

Cheap tax credit eligible EVs

2022 Nissan Leaf: $28,375

Nissan Leaf
is the cheapest new electric vehicle on the market! It’s got a 40-kilowatt-hour battery paired with a modest 147-horsepower motor. The base Leaf S trim comes with an 8-inch touchscreen with navigation, Apple CarPlay, and Android Auto.
The Leaf is quite safe, making for a great drive. The base range is 149 miles, but it has upper trims with ranges of more than 200 miles.

2022 Mini Cooper SE Hardtop: $30,750

The Mini Cooper SE is both cute and affordable.
This electric car is a nice daily driver for inside the city. A 181-hp motor is attached to a fun urban look with plenty of customization choices. The Mini’s low range of 114 miles might be a concern for some.
If long rides without charging stops aren’t a priority for you, consider getting this Mini.

2022 Mazda MX-30: $34,645

The Mazda MX-30 is going on sale soon as Mazda’s first full EV. It’s a smooth SUV-esque hatchback with a green and minimalist interior.
The MX-30’s 144-hp motor makes 200 pounds-feet of torque. The car runs on a 35.5-kilowatt-hour battery.
Unfortunately, the Mazda MX-30 does not come with an all-wheel drive option. It also only has a 100 miles range. Of course, if the animal-free, environmentally friendly Mazda appeals to you, this is a cheap and good choice.

2021 Hyundai Ioniq Electric: $34,650

The next two cars on the list are both Hyundai EVs. The first one is the Ioniq, which has a range of 170 miles. 
The car has a 38.3-kWh battery with a 134-hp motor. DC fast-charging capability comes as standard. The car offers plenty of safety driver assistance options, including lane-centering steering and a blindspot warning system. 
If you want a roomy, more well-equipped EV, the Ioniq is a good choice.

2022 Hyundai Kona Electric: $35,185

The Kona has a range of 258 miles. It’s a four-door subcompact SUV, with a 201-hp motor and a 64-kWh battery. It has DC fast-charging capability, allowing it to go from 10% to 80% charge in 47 minutes.
The Kona is an impressive EV that is only offered in a limited selection of states. Check with your state’s dealers to see if they sell the Kona. 

Best insurance for electric vehicles

EV insurance can be quite different from non-electric car insurance. To ensure you’re always getting the best rates, you can get help from
Jerry is the easiest and most effective way to find a car insurance policy that is customized for you.
After providing you with a comprehensive cross-analysis of the best policies across providers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to.
Jerry is completely free to use and saves the average user a whopping $879 a year.

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