Electric vehicles (EVs) are continuing to become a more popular option for people in the market for a new car. In addition to the amazing environmental benefits, electric vehicles can be a cost-effective long-term investment as you are sure to save significant amounts of money on gas.
However, while EVs might be a cost-effective long-term option, many people cannot afford the upfront cost of many electric cars. As the EV industry is still in its early stages, many options are quite expensive.
Fortunately, there are many affordable options for people in the market for an electric car.
When reading these prices, keep in mind that there are federal and state rebates which can drastically reduce the cost of your car. California residents, for example, can receive up to $7,000 when they purchase a new electric vehicle.
If you are in the market for an electric car but are on a budget, here are three great budget-friendly options.
The Nissan Leaf remains one of the most popular, cost-effective options for individuals looking for a new electric vehicle. The 2019 Nissan Leaf starts at $29,990 MSRP.
With an EPA range of up to 226 miles and other amazing features, including propilot assist, blind spot warning, and fast charging, the 2019 Nissan Leaf is a great option for individuals on a budget who want convenience and modern features.
Ford Focus Electric
According to The Motley Fool, the Ford Focus was the 11th best-selling car of 2018. Fortunately for consumers, Ford also offers an affordable electric version of this popular model that carries many of the same features as its gas-powered alternative.
The 2018 Ford Focus Electric starts at $29,120 MSRP and boasts an estimated EPA range of 118 miles in the city and 86 miles on the highway. It doesn’t quite match the range of the Leaf but should be enough for most drivers.
Other enticing features include:
- Heated seats
- SmartGauge to help maximize efficiency
- Heated mirrors
- Dual-Zone Automatic Temperature Control
- And More
The Ford Focus Electric remains a great budget-friendly EV option.
Tesla Model 3
Tesla has become an incredibly popular electric vehicle manufacturer that has attracted the attention of those who aren’t even necessarily interested in going electric. Tesla has managed to effectively combine luxury, power, speed, efficiency, and convenience. Unfortunately, Tesla has remained an unaffordable option for the average consumer for quite a while.
However, with the announcement of the Tesla Model 3, the country’s most famous EV has become much more attainable. While the $35,000 price tag might seem intimidating, remember that rebates can bring this price down to as low as ~$22,000, depending on your location.
With an estimated EPA range of up to 325 miles, Tesla supercharging, and the ability to go 0-60 in just 3.2 seconds, the Tesla Model 3 is one of the most efficient and powerful EVs on the market. Not to mention other amazing features like autopilot and a luxury, faux leather interior.
While more expensive than some of the cheaper options like the Leaf or the Focus, the Tesla Model 3 is one of the most powerful and feature-rich EVs available for the price.
While many people are attracted to the environmental benefits offered by electric vehicles, they have been turned off by the large upfront investment. Fortunately, for consumers and the planet, times are changing and EVs are becoming more affordable every day.