Here Are the 10 Most Affordable Electric Cars for 2025

Electric vehicles are becoming increasingly popular. In fact, automakers plan to pivot to largely electric lineups in the coming decade in response to that popularity and ongoing climate concerns.

For more than a decade, brands like Nissan and Chevrolet have offered affordable electric cars like the Nissan Leaf and Chevy Spark EV, but their gas-powered subcompact and compact counterparts were always more affordable.

While that’s still true today — especially as brands like Tesla market electric vehicles (EVs) like the Tesla Model S starting in the six-figure range — the price gap between gas cars and electric cars has become much narrower. Federal tax credits can even make an electric car cheaper than a similar gas-powered model.

At the same time, automakers have made tremendous strides to address range anxiety. Most of the electric cars featured below can go at least 200 miles on a single charge.

But what’s the most affordable electric vehicle, and how do tax credits affect the price? Check out our list of the cheapest electric cars below.

Here Are the 10 Most Affordable Electric Cars for 2025:

10 Cheapest Electric Cars in 2025

We’ve rounded up the most affordable electric cars in the U.S. based solely on their MSRP (manufacturer’s suggested retail price).

Some new electric vehicles are eligible for a $7,500 tax credit, but the Inflation Reduction Act of 2022 changed the guidelines — and they’ll continue to get stricter in future years. In 2024, new EVs were eligible for:

• A $3,750 tax credit if at least 60% of the battery’s components were produced in North America.
• A $3,750 tax credit if at least 50% of the critical minerals for the battery were extracted or processed in the U.S. (or in a free-trade agreement partner of the U.S.); alternatively, the IRS will award the credit if the minerals were made from materials recycled in North America
• A $7,500 tax credit if both requirements are met

The short version? Some new EVs may qualify for the full electric car tax credit, some may qualify for a partial credit and some may not qualify at all — and this is likely to get more rigid in 2025 (and again in future years). Once you’ve narrowed down your list of affordable EVs, do some research on specific battery and mineral components.

Without further ado, here are the 10 most affordable electric cars of 2025:

1. 2025 Nissan Leaf

Starting MSRP: $28,140

EPA-estimated range: 149 to 212 miles

The Nissan Leaf was the world’s first mass-market electric vehicle and has been around since 2010. While it hasn’t topped the list of the cheapest EVs every year, it’s always been among the most affordable electric cars. This year, it comes in under $30K (but as of right now, it’s not eligible for any tax credits).

For the low price of $28,140, you’ll get a compact hatchback offering 121 MPGe (miles per gallon equivalent) with a 149-mile range. If you want that max 212-mile range, you’ll need to get the Leaf SV Plus with the long-range battery. The Leaf S Plus starts at $36,190.

While you can fit five passengers in the Leaf, the rear seat is a little tight for adults (but it can be done!). Up front, passengers have access to a wide range of amenities, like Apple CarPlay and Android Auto smartphone integration. And don’t let its status as an economy car fool you; the Leaf comes standard with the Nissan Safety Shield 360, which includes active safety tech like Lane Departure Warning and Automatic Emergency Braking with Pedestrian Detection.

2. 2024 MINI Cooper SE Electric Hardtop 2 Door

Starting MSRP: $30,900

EPA-estimated range: 114 miles

If you’re drawn to the iconic styling of Mini Coopers, you won’t be disappointed by the SE Electric. But it also gets just enough personality of its own that differentiates it from other Coopers (look at those wheels).

Where you will be disappointed by the new hardtop model is in the range. At 114 miles per charge, the 2024 Mini Cooper SE Electric Hardtop 2 Door has the lowest range of any of the 10 most affordable electric cars on our list. It’s the only EV on our list not to crack 200 miles on a single charge; it barely cracks 100.

3. 2025 Hyundai Kona Electric

Starting MSRP: $32,875

EPA-estimated range: 261 miles

The 2025 Hyundai Kona may have the fiercest styling of any vehicle on our list — that wheel design is especially attractive, and on base-level trim models, you can go with a two-tone paint job. Inside, wireless connectivity and comfy seating make the Kona a standout.

And at 261 miles of range on all three trims, the Kona Electric is one of the better options for longer trips; Level 3 quick charging isn’t so quick, however. It’ll take about 43 minutes in this new model, depending on the DC fast charging equipment.

For those keeping score, the price of the Kona Electric actually went down for 2025 by $675.

4. 2025 Chevrolet Equinox EV

Starting MSRP: $33,600

EPA-estimated range: 319 miles

Previously, the Chevrolet Bolt was this manufacturer’s cheapest EV, but this model has been discontinued. The Chevy Equinox is an SUV with great range, and plenty of space for the whole family.  With changes to the federal EV tax credit law, the Chevrolet Equinox EV may be eligible for a rebate once again. (Chevy had previously been eliminated for consideration because its EV sales had surpassed the now-removed 200,000 sale threshold).

That means the 2025 Chevrolet Equinox EV, may be even more affordable after tax credits. 

If you spring for the 2025 Equinox EV RS (starting at $43,400), you’ll get leather-appointed seats and additional safety tech.

The 2025 Chevy Equinox EV seats five but suffers from a crowded feeling in the back. That said, the Equinox is a great find: standard safety tech, wireless phone capability and a 0-to-60 sprint in 8.5 seconds. Plus, Chevy foots the bill for your home charging setup.

5. 2025 Hyundai IONIQ 6

Starting MSRP: $37,750

EPA-estimated range: 240 miles

The 2025 Hyundai IONIQ 6 is an EV to watch. Cars.com named it the top pick for electric vehicles, and in 2023, it earned three separate World Car of the Year Awards. Notably, its premium trim level earns up to 342 miles of driving range — but it costs $52,600, which is a lot steeper than the $37,750 starting price. Another downside? The IONIQ 6 doesn’t qualify for the federal tax credit at present, but you may be able to claim those savings at a dealership.

At the $37,750 price point, you’ll get the base IONIQ 6 model, which still offers an impressive 240 miles of range. The base model sits on sporty 18-inch alloy wheels and offers ultra-fast charging.

On the other end of the trim spectrum are features like the Blind-Spot View Monitor, vision roof and Premium Head-Up Display with Augmented Reality.

6. 2025 Kia Niro EV

Starting MSRP: $39,600

EPA-estimated range: 253 miles

Sleek crossovers are a dime a dozen, but add the electrification of the Kia Niro EV and its impressive range of 253 miles, and you’ve got something truly special. This starting MSRP has remained steady since 2023.

Despite its single electric motor, the Niro EV is no slouch, cranking out 201 horsepower and 188 lb-ft of torque and launching from 0 to 60 in 7.8 seconds. Plus, the electrified crossover offers standard driver-assist safety tech, a premium sound system and DC fast charging that adds more than 200 miles of range in just 45 minutes.

While the Niro EV doesn’t qualify for the tax credit as of 2025, dealerships are offering an equivalent $7,500 lease bonus to qualified lessees.

7. 2024 Volkswagen ID.4

Starting MSRP: $39,735

EPA-estimated range: 291 miles

In past years, the Volkswagen ID.4 claimed the 10th spot on our most affordable EVs list. But a considerable price drop (from more than $41,000) has bumped the current model up.

That’s not all that changed: Range for the 2024 model is 291 miles — an improvement from the 2023 range of 275. 

In recent years, waiting lists abounded for new cars, especially electric vehicles. And while many EVs on this list took a while to get, the Volkswagen ID.4 was a standout, at times commanding more than four-month waits from order to delivery.

8. Tesla Model 3 Performance

Starting MSRP: $42,490

EPA-estimated range: 303 miles

The Tesla Model 3 – Performance brings electrification to the masses with one of the most affordable electric cars of 2025. The newest iteration of the sleek Model 3 hits a top speed of 163 miles per hour and launches from 0 to 60 in just 2.9 seconds (depending on trim).

It’s also available for the full tax credit as of now. Don’t let the low price and tax credit fool you, however. You’ll have to pay to add-on premium features, like $8,000 for the full self-driving capability for which Tesla is well known.

9. 2025 Volvo EX30

Starting MSRP: $44,900

EPA-estimated range: 253 miles

This Swedish car maker has only been in the EV race since 2020, but the 2025 Volvo EX30 looks pretty promising. Despite its somewhat short 253 mile range, it only takes 26 minutes for a fast charge and can accelerate from 0 to 60 mph in 3.4 seconds. 

The EX30 comes in a fun and funky moss yellow color (along with standard white, black and grey), and features a built-in center screen with Google integration.

Because the EX30 isn’t manufactured in the US, it doesn’t qualify for the tax credits, but many dealerships will offset that loss when you purchase one off the lot.  

10. 2025 MINI Cooper Countryman SE ALL4

Starting MSRP: $45,200

EPA-estimated range: 212 miles

Not sure about the Mini Cooper SE, but still looking for a Mini Cooper? The newest EV from this British manufacturer is the Countryman. With more range, more doors and more space all around, this new Mini is major. 

It also comes with a major price tag, but it’s still one of the more affordable electric cars out there.

A Note on the Most Affordable EVs of 2025

Our list of the 10 cheapest electric cars for 2025 includes both 2024 and 2025 model year vehicles, as automakers roll out 2025 models at different times over the stretch of about 18 months. In the first half of 2025, you may be able to find cheaper EVs on dealer lots by looking for remaining 2024 inventory as more of the 2025 versions arrive on dealer lots.

Finally, note that some models on our list have limited availability, meaning you may only be able to purchase them in select states.

How Electric Car Tax Credits Work

Back in 2010, the federal government introduced a program awarding customers $7,500 in tax credits for purchasing electric vehicles. The goal was to incentivize buyers — whose major hesitations were price and range — to give EVs a shot.

So if a new electric vehicle cost $50,000 and came with a $7,500 tax credit, EV buyers could think of it as a $42,500 purchase.

Of course, customers had to pony up (or finance) the whole $50K when making the purchase, but when filing taxes, drivers could add a one-time tax credit to their return.

Previous federal tax credit legislation limited automakers to 200,000 EVs before their tax credits went away. The Inflation Reduction Act eliminated that threshold — but added a lot more (confusing) eligibility requirements, some of which were implemented at the start of 2023.

To be eligible, you’ll need to fall below certain adjusted gross income thresholds (based on your filing status). Vehicles have even more hoops to jump through to qualify, including having critical battery materials sourced in specific locations (i.e., the U.S. or countries with which we have free trade agreements).

Keep up with tax credit updates as you plan to purchase a new electric vehicle. The IRS implemented more stringent regulations in April 2024 and will likely implement more at the start of 2025.

Military Discounts on Electric Cars

Many automakers offer military discounts on their entire lineup, including EVs, which makes it easier for active duty members of the military, veterans and their immediate family to find affordable fully electric vehicles.

Though the programs vary, they typically entail a $500 rebate or bonus cash.

If you’re a member of the military exploring electric mobility, check out one of these automotive military discount programs:

• GM Military Discount
• Ford Military Appreciation Program
• Nissan Military Program
• Mazda Military Appreciation Bonus Cash
• Hyundai Military Program
• BMW Military Incentive
• Mercedes-Benz Military Program
• Volkswagen Military Bonus

How Much Does It Cost to Own an Electric Car?

New electric vehicles are about $10,000 more than gas cars if you just look at sticker prices. But that’s comparing apples to oranges. For a better comparison, factor in the full cost of ownership, from maintenance and insurance costs to federal tax rebates

When calculating how much you’ll spend on — and how much you’ll save with — an electric car, include these considerations:

Federal Tax Credits

Some EVs are eligible for up to $7,500 in tax credits, though new restrictions imposed as part of the Inflation Reduction Act may actually make it more challenging for EVs to qualify.

Maintenance Costs

EVs are famously less expensive to maintain because they don’t require oil changes or air filter replacements. In a given year, you could save hundreds or thousands on routine car maintenance.

That said, when electric cars need to be repaired (or the battery needs to be replaced), the work is considerably more expensive. Battery replacements can cost several thousand dollars, even more than $20K. That said, most new EVs come with an extended battery warranty that may cover your first replacement, depending on the timing.

Insurance Costs

Because electric cars are more expensive to repair, car insurance premiums tend to be more expensive. According to ValuePenguin, EV insurance policies typically cost 25% more.

Charging Costs

Gas cars require, well, gas — and it isn’t cheap. Electric cars, on the other hand, are powered by an electric motor. And recharging that electric motor at home is much more affordable than buying a tank of gas. Sure, your monthly utility bill will go up, but the cost is negligible compared to what drivers are spending each month on fuel.

You should, however, factor in the installation of a charging station at your home when considering a new or used EV purchase. Depending on your setup, expect to spend $1,000 to $2,000 on your at-home charging station — but some automakers (like Chevy) will pay the cost for you.

Contributor Timothy Moore is a writer and editor in Cincinnati, Ohio. He focuses on banks, loans and insurance for The Penny Hoarder. His work has been featured INSIDER, USA Today, Forbes, Lending Tree, LendEDU, WDW Magazine, Chime and SoFi.