One of the Cheapest Electric Cars Just Got Even More Affordable
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Ever since its launch in 2010, the Nissan Leaf has been one of the most affordable and popular electric cars on the market. It’s price tag and practical design have enabled thousands of drivers to experience the benefits of owning an electric vehicle, and for a while it was the best selling electric car in the world.
Despite this success, Nissan has just announced a hefty price cut for its 2022 model. The regular Leaf will see its sticker price slashed by $4,000, while the Leaf Plus will be reduced by $5,000.
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The Nissan Leaf has always been one of the most affordable electric vehicles.
What has prompted the Nissan Leaf price cut?
The price cut has surprised some industry experts, because Nissan (along with the rest of the auto world) has had to scale back production due to the global semiconductor chip shortage.
Nissan said the shortage would affect production of 500,000 vehicles this year, but demand for electric vehicles is at an all time high.
With this in mind, the timing of the discount seems strange. In fact, Tesla has gone in the other direction, increasing the price of its two most affordable models.
Nissan appears to be looking at the big picture. As explained by Kelley Blue Book (KBB), the electric car industry is becoming more crowded, with most major automakers offering a budget option as part of their 2022 lineup.
The price cut is an attempt to get out in front of the competition and cement the Leaf as the best value for money in the electric car space.
By slashing its prices, the Leaf is once again the cheapest EV on the market, surpassing the 2021 Mini Cooper SE, and offering a better range too.
How much does a discounted Nissan Leaf cost?
The 2022 short-range model is $4,000 cheaper than the 2021 edition.
This means prices start at $27,400, and if you receive the $7,500 federal tax credit you can get a brand new Nissan Leaf for less than $20,000.
The 2022 long-range model, also known as the Leaf Plus, now starts at $32,400. This is $5,000 cheaper than the 2021 edition, and if you receive the full tax credit, it can be yours for as little as $24,900.
Considering the average cost of a new car is almost $40,000, both Leaf models offer exceptionally good value for money.
Other affordable electric cars
If you want an electric car but remain unconvinced by the Nissan Leaf, you’ll be pleased to hear that more manufacturers have announced affordable electric options.
If you are looking to buy a new car, the 2021 Mini Cooper SE starts at $29,900. It was the cheapest electric car until Nissan’s price cuts.
Other popular choices are the Chevrolet Bolt and Tesla Model 3, but even though they are towards the cheaper end of the EV pricing scale, they are still in the $38,000 range.