What is the Cheapest Electric Car on the Market?
3 Cheapest EV Cars for SaleCheap has a double meaning—inexpensive (that’s good) or poorly made (that’s not so good). So while you can easily go and buy the cheapest electric car out there, this probably won't be the best investment in the long-run. The cheapest cars are often the most fragile. To make sure you get the biggest bang for your buck, be sure to do your research and understand what you're paying for.
1. Mitsubishi i-MiEV
The “cheapest” all-electric for 2017 is the Mitsubishi i-MiEV, but it manages to convey both meanings of the word. The car’s 62-mile range is paltry compared to more advanced models like the new Chevy Bolt. Its styling has been described as “egg-like,” which is great if you like eggs.Its range drops quickly in anything less than ideal conditions, such as cold weather (using the heater, defroster or seat warmers) or a packed car (four adults). Typical range is 48 miles, which puts the kibosh on extended highway use. Public charging station time to 80 percent is around 30 minutes; the on-board charger provides Level 1 120V, Level 2 240V, and Level 3 DC quick charge. The lowest MSRP (for rear-wheel drive on the ES trim line) is $22,995.
2. Nissan Leaf
To crack the 100-mile range threshold, you have to step up to the Nissan Leaf, which starts at $30,680 for 2017. An extremely popular electric car, the Leaf features a 30-kilowatt-hour battery as standard equipment across all three Leaf trims. Its popularity may have been due to lack of competition, however.Although it gets an upper range of 107 miles, the Leaf leaves something to be desired. CNET’s Road Show points out, “Sadly, the car is a bit behind the times when it comes to active and passive safety systems.” Level 2 charge time is 6.6 hours. Rumors circulated that turning over this new Leaf with its bigger battery could get you to the 200-mile range. These rumors – which would land the Leaf in the range of the Chevy Bolt – appear to be premature.
3. Chevy Bolt
The 2017 Chevy Bolt not only breaks the 100-mile range, but also the 200-mile barrier with its 200-horsepower electric motor. At an MSRP of $37,495, and earning a $7,500 tax credit, the Bolt is the smartest investment for forward-looking drivers.It features a lot of advancements, such as a quick-charging port to add 90 miles of range in 30 minutes. Its only genuine competition may be the Tesla Model 3 due out in late 2017. By that time, the price of the Bolt likely will drop to around $30,000, while the Tesla will cost far more.