The 5 Most Affordable Electric Cars in the Market Today

Going green has never been more affordable.

Is inflation punching you in the wallet, right where it hurts? Relatable. Used car prices aren't falling quickly enough for comfort, either. Fortunately for the price-savvy shopper, car manufacturers like Nissan, Chevrolet, BMW, and Mazda are pumping out cheap electric cars as fast as they can make them.

Electric is the new affordable

Modern electric vehicles don't just sport low price tags. They're low maintenance, run on cheap electricity, and they're good for the environment. However, the cheapest options offer lower range than is typical for conventional cars.

If you're thinking about switching to electric, consider taking a look at your current driving habits. Drivers who enjoy off-roading and long road trips might not find the right fit in low-range electric cars with limited availability of charging stations. On the other hand, homeowners who commute to work and have the space for an at-home charger might find electric cars both convenient and affordable.

If electric cars aren't your thing, consider checking out the cheapest cars to insure this year.

Here are the five most affordable electric cars on the market today.

1. 2023 Nissan Leaf

The Leaf is a cheap electric car that also comes with a low cost of ownership. Be advised that its range is on the shorter side. Your purchase of a Leaf includes an app with "connected vehicle" features, such as temperature tweaking.

Bonus: Owners of the 2023 Nissan Leaf qualify for the Federal Tax Credit, potentially saving thousands of dollars.

2. 2023 Chevrolet Bolt EV 1LT

The Bolt is a very affordable car with the greatest range of any car on this list. It includes an app, a touch screen within the vehicle that integrates with smartphones, and yet another screen where the dashboard would be.

3. 2023 Chevrolet Bolt EUV 1LT

Here's an alternative to the 2023 Chevrolet Bolt EV. It offers more backseat room in exchange for less storage space. It's slightly heftier and therefore more expensive.

4. 2022 Mini Cooper SE Signature

This Mini model is a compact electric car that seats four adults. BMW advertises the vehicle as being quickly chargeable, as it will charge to 80% in just over half an hour at a fast charging station.

5. 2022 Mazda MX-30

The MX-30 is a subcompact and stylish SUV/crossover built with sustainability in mind. It has the lowest range of any car on this list. It's an ideal pick for those with shorter commutes.

If you're in the market for a new car but are trying to stick to a budget, there are still some great options out there for you. Make sure to research the best cheap car insurance to lower the total cost of EV ownership.

Check out the five most affordable electric cars on the market today and see if any of them fit your budget. You might be surprised at how much you can get for your money.