As electric vehicles (EVs) become more mainstream, automakers are ramping up production of affordable options that combine practicality, range, and comfort, without the luxury price tag. Whether you’re a first-time EV buyer or simply want a budget-friendly electric ride, the 2025 model year brings plenty of solid choices.

Below, we’ve ranked the 10 cheapest EVs currently on sale in the U.S., based on starting MSRP (manufacturer’s suggested retail price), from lowest to highest. While tax credits can reduce final costs, this list uses pre-incentive pricing to help you compare base value across the board.

EV Price and Range Comparison at a Glance

Rank	Model	Starting MSRP	Est. Range (mi)	Tax Credit Eligible
1	Nissan LEAF	$28,140	149–212	❌
2	Hyundai Kona Electric	$32,975	Up to 261	❌
3	Toyota bZ4X	$37,070	Up to 252	❌
4	Hyundai IONIQ 6	$37,850	Up to 361	❌
5	Subaru Solterra	$38,495	Up to 228	❌
6	KIA Niro EV	$39,600	Up to 253	❌
7	Volkswagen ID.4	$39,753	Up to 275	❌
8	Nissan ARIYA	$39,770	Up to 304	❌
9	Ford Mustang Mach-E	$39,995	250–312	❌
10	Chevrolet Equinox EV	$41,900	Up to 319	✅ Up to $7,500

1. 2025 Nissan LEAF — Starting at $28,140

Still the most affordable EV in the U.S., the Nissan LEAF offers a no-nonsense electric driving experience for those on a tight budget.

Pros
✔ Lowest starting price
✔ Comfortable front seats
✔ Simple, reliable operation

Cons
✘ Outdated CHAdeMO charging port
✘ Lower range than rivals
✘ Rear seats don’t fold flat

2. 2025 Hyundai Kona Electric — Starting at $32,975

The redesigned Kona Electric brings more style, space, and range, making it one of the strongest value picks in the compact EV market.

Pros
✔ Up to 261 miles of range
✔ Spacious cabin for its class
✔ Industry-leading warranty

Cons
✘ Entry trim underwhelms
✘ Sluggish acceleration
✘ Slower DC fast charging speeds

3. 2025 Toyota bZ4X — Starting at $37,070

Toyota’s all-electric SUV balances comfort and technology with everyday practicality. It’s available in both FWD and AWD variants.

Pros
✔ Solid build quality
✔ Many standard safety features
✔ Smooth ride

Cons
✘ So-so range
✘ Slower charging
✘ Lackluster driving dynamics

4. 2025 Hyundai IONIQ 6 — Starting at $37,850

A sleek, future-forward electric sedan, the IONIQ 6 offers an impressive blend of performance, range, and cutting-edge design.

Pros
✔ Class-leading range (up to 361 miles)
✔ Fast charging support
✔ Modern, well-built cabin

Cons
✘ Limited trunk space
✘ Tight rear headroom
✘ Rear visibility can be tricky

5. 2025 Subaru Solterra — Starting at $38,495

For drivers seeking an electric crossover with all-wheel drive and off-road capability, the Solterra is worth a look.

Pros
✔ Standard AWD
✔ Comfortable, capable ride
✔ High-tech cabin

Cons
✘ Lower range than most competitors
✘ Not especially fun to drive
✘ Slower charging speeds

6. 2025 KIA Niro EV — Starting at $39,600

The Niro EV blends a practical SUV shape with bold design and advanced tech. It’s a great all-rounder for city and highway use.

Pros
✔ Spacious interior and cargo area
✔ Dual-screen infotainment
✔ Excellent warranty

Cons
✘ FWD only — no AWD option
✘ Average charging speed
✘ Less engaging to drive

7. 2025 Volkswagen ID.4 — Starting at $39,753

Volkswagen’s ID.4 offers smooth driving, spacious comfort, and strong tech features — with a minimalist interior design.

Pros
✔ Comfortable ride and decent range
✔ Lots of tech comes standard
✔ Eco-conscious materials

Cons
✘ Controls can be fiddly
✘ Not as sporty as some competitors
✘ Some lower-quality interior finishes

8. 2025 Nissan ARIYA — Starting at $39,770

With sleek styling and a tech-rich interior, the ARIYA is a standout for drivers looking for a modern electric crossover.

Pros
✔ Stylish exterior and cabin
✔ Optional AWD
✔ Standard driver assistance features

Cons
✘ No true one-pedal driving
✘ Slow charging
✘ Dated infotainment visuals

9. 2025 Ford Mustang Mach-E — Starting at $39,995

The Mustang Mach-E delivers thrilling acceleration and head-turning looks. It’s a sporty take on the electric SUV formula.

Pros
✔ Strong performance and handling
✔ Upscale interior
✔ Hands-free driving tech (BlueCruise)

Cons
✘ Limited seat adjustability
✘ Firm ride quality
✘ Slower charging than expected

10. 2025 Chevrolet Equinox EV — Starting at $41,900

Eligible for Federal Tax Credit: Up to $7,500

GM’s new Equinox EV is one of the most affordable long-range electric SUVs — especially when factoring in tax credits.

Pros
✔ Up to 319 miles of range
✔ Spacious interior
✔ Modern tech with digital cockpit

Cons
✘ No Apple CarPlay
✘ Modest acceleration
✘ Limited small-item storage

Buying Tips for First-Time EV Shoppers

• Check Incentives: While most models above don’t qualify for the federal $7,500 tax credit, some (like the Equinox EV) still do.
• Factor in Charging Access: If you don’t have home charging, look for models with faster DC charging capability.
• Don’t Just Shop by MSRP: Consider range, features, tech, and real-world practicality to find the best value.

Which Budget EV Should You Choose?

Best For…	Top Pick
Lowest Price	Nissan LEAF
Best Range Under $40K	Hyundai IONIQ 6
Sporty Drive Experience	Ford Mustang Mach-E
All-Wheel Drive Capability	Subaru Solterra
Tax Credit Value	Chevrolet Equinox EV