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Is there an affordable electric car on the market?

I’d love to buy an EV, but I can’t afford those high prices. Is there an affordable electric car on the market?

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Chanice Boyd · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Many people grapple with the high prices of electric cars, but more affordable vehicles are being added to the market yearly.
The main contributor to the high purchase prices of electric cars is their expensive batteries. But with decreasing manufacturing costs, an increase in product sales, and the introduction of new battery models and more affordable tech, EVs are becoming
more affordable
. One of the cheapest and most noteworthy affordable electric cars is the Nissan Leaf, with a base price of $27,800.
Five more affordable electric cars
  • Hyundai IONIQ 5: starting at $43,650
  • Kia Niro EV: starting at $39,990
  • Volkswagen ID4: starting at $40,760
  • Chevrolet Bolt: starting at $28,195
  • Hyundai KONA: starting at $31,950
After buying your new EV, you’ll need to ensure that you’re not overpaying for car insurance. To get cheap car insurance quotes fast, go to
Jerry
. A licensed broker that offers end-to-end support, the Jerry app gathers affordable quotes, helps you switch plans, and will even help you cancel your old policy.
MORE: How different cars affect your insurance
View full answer 
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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