Many people still believe that affordable electric cars are a myth or that even the cheapest electric car will set their budget back by tens of thousands of dollars.
We’re midway through 2020, and it’s safe to say that affordable electric cars are aplenty on the market. Since there are many cheap electric cars, it’s not easy to choose the right one for yourself.
That’s why we’ve compiled a list of the best value for money electric vehicles on the market. We’ve also mentioned the price of the electric cars and their battery range to help you with your buying decision.
Top 11 Cheapest Electric Cars Of 2020
|GMW Ora R1||188 miles (NEDC)||RMB 1,14,800/$16,241|
|Renault City K-ZE||168 miles (NEDC)||RMB 1,15,900/$16,397|
|Tata Nexon EV||194 miles (ARAI)||Rs 14,00,000/$18,375|
|Xpeng G3||249 miles (NEDC)||RMB 1,43,800/$20,328|
|BMW Mini Electric||110 miles (EPA)||$29,900|
|MG ZS Electric SUV||163 miles (WLTP)||£25,495/$31,565|
|Nissan Leaf||149 miles(EPA)||$31,600|
|Hyundai Ioniq Electric||170 miles (EPA)||$33,095|
|Renault Zoe||245 miles (WLTP)||£26,495/$33,232|
|Chevy Bolt EV||259 miles (EPA)||$36,620|
|Hyundai Kona Electric||258 miles (EPA)||$37,190|
Read Also: Longest Range Electric Cars Of 2020
1. Most Affordable Electric Car: GMW Ora R1
|GMW ORA R1|
|Starting Price||RMB 1,14,800/$16,241|
|Battery Capacity||28.5 kWh|
|Electric Range||188 miles (NEDC)|
|DC Fast Charging||Yes|
GMW Ora R1 was first introduced in November 2019. The car came into existence with the idea of providing affordable electric cars in China to promote EVs.
Ora R1 is also available with a higher capacity battery pack for long-range variants. It’s a small and attractive looking electric car that is perfect for short trips and city driving. GMW Ora R1 is also equipped with features like level 2 autonomous hardware – a feature provided in self-driving vehicles. Moreover, with a government subsidy of up to RMB 50,000/$7,000, it’s quite cheap.
2. Renault City K-ZE
|Renault City K-ZE|
|Starting Price||Around RMB 1,15,900/$16,397|
|Battery Capacity||26.8 kWh|
|Electric Range||168 miles (NEDC)|
|DC Fast Charging||Yes|
Renault City K-ZE, or simply Renault Kwid electric, is one of the cheapest electric cars in the world. Its price can go as low as RMB 70,900 or $10,000 after the incentives.
Currently, this electric car is available in China only. However, soon it will be available in other countries like India, where there is always an increasing demand for affordable electric vehicles.
Renault believes it’s the first electric vehicle in the world with an affordable price tag and high build quality. The car can achieve a top speed of up to 65 mph (105 km/h).
However, it has few downsides too. Renaut K-ZE is a small car with limited interior space. For an average person, it can be difficult to sit with enough legroom and headspace, especially at the rear seats.
3. Tata Nexon EV
|Tata Nexon EV|
|Starting Price||Rs 14.00 lakh/$18,375|
|Battery Capacity||30.2 kWh|
|Electric Range||194 miles (ARAI)|
|DC Fast Charging||Yes|
Tata Nexon EV is undoubtedly the cheapest electric car with the battery capacity and range it provides.
If we examine its features, Nexon electric offers the value for its price. Moreover, the government of India has provided FAME subsidy and State incentives, which further reduces its overall cost.
This sub-compact SUV has excellent built quality with an overall 5-star Global NCAP rating. With its 30.2 kWh li-ion battery pack, it can generate around 127 BHP and a peak torque of 245 Nm.
Apart from this, it has multiple driving modes, including a sports mode and modern features such as regenerative braking system, and much more.
However, Nexon EV is available only in India right now. We hope Tata Motors will soon launch it in other countries too.
4. Xpeng G3
|Staring Price||RMB 1,43,800/$20,328|
|Battery Capacity||50.5 kWh|
|Electric Range||249 miles (NEDC)|
Xpeng Motors is a Chinese EV maker and is currently available only in China. Xpeng G3 is one of the most affordable electric cars in the Chinese auto industry. Also, the Chinese govt. provides EV incentives of up to RMB 50,000/$7,000 to promote the zero-emission vehicles.
Xpeng G3 has all the features that one would want in a cheap electric car. However, the user interface of the website of Xpeng is inspired by Tesla. Additionally, the interior, and the UI of the infotainment screen and features resemble Tesla. It’s not surprising that the company is also criticized by Tesla fans for doing this.
This electric SUV is decent when it comes to performance and features. The Xpeng G3 can sprint from 0 to 62 mph in less than 8.5 seconds and has a top speed of 105 mph (170 kph).
Furthermore, it is equipped with Level 2.5 autonomous driving hardware.
5. BMW Mini Electric
|BMW Mini Electric|
|Battery Capacity||32.6 kWh|
|Electric Range||110 miles EPA|
BMW Mini Electric is a two-door compact electric car. Though it might not provide a long electric range, it’s quite impressive for a cheap electric vehicle to have such performance.
Mini Electric can sprint from 0 to 60 mph in just 6.9 seconds. Additionally, its motors can generate power of up to 181 HP and a peak torque of 270 Nm.
The car is not available in the market yet, but its online reservation is open on the company’s website. Furthermore, the company claims its deliveries will start in the late summer of 2020.
According to BMW, after the government incentives, including a federal tax of $7,500 and potential savings, it will be one of the cheapest electric cars in the US.
6. MG ZS EV
|MG ZS EV|
|Staring Price||£25,495 /$31,565|
|Battery Capacity||44.5 kWh|
|Electric Range||163 miles (WLTP)|
MG ZS EV is a smart and feature-loaded electric SUV. Although the automaker has spread its wings wide over the international market, it’s still not available in the US.
In addition to being an internet-connected car, it’s equipped with features like PM 2.5 air filter, regenerative braking system, cruise control, and much more.
Furthermore, the electric SUV provides a punchy-performance. MG ZS EV churns out more than 140 BHP of power and 350 Nm of torque. Moreover, the govt. of UK provides a Plug-in Car Grant of £3000, which makes such a premium electric SUV affordable for buyers.
7. Nissan Leaf
|Battery Capacity||40 kWh|
|Electric Range||149 miles (EPA)|
|DC Fast Charging||Yes|
Since Nissan, Renault, and Mitsubishi have an alliance, the Renault Zoe and Nissan Leaf share similar technology. However, both of them have different battery pack sizes and are unique in their own way.
The Nissan Leaf is not only a budget electric car, but it’s also equipped with next-gen technologies like ProPilot Assist that offer useful functions, including stop and go, hold the lane, and much more.
Additionally, the car also comes with a bigger battery pack, however, with a higher price tag. Apart from that, Nissan Leaf is also applicable for federal taxes of up to $7,500.
8. Hyundai Ioniq Electric
|Hyundai Ioniq Electric|
|Battery Capacity||38.3 kWh|
|Electric Range||170 miles (EPA)|
The 2020 Hyundai Ioniq outperforms all other electric sedans in its segment with the recent improvement in electric range and battery pack. Earlier, the electric sedan had a range of 140 miles.
If we talk about performance, its motors generate 134 BHP and 295 Nm of torque.
Apart from this, the car has a stunning outer appearance as well as a premium interior that makes it an excellent choice for an affordable electric sedan.
Additionally, Ioniq is also eligible for federal taxes of up to $7,500 that will further reduce the overall cost of the vehicle.
9. Renault Zoe
|Battery Capacity||52 kWh|
|Electric Range||245 miles (WLTP)|
|DC Fast Charging||Yes|
Renault Zoe is one of the most successful and affordable electric cars in Europe. Additionally, most of the countries in Europe provide EV incentives that increase the affordability of Zoe. The electric vehicle has been serving the company since 2012. According to Renault, the new Zoe has received the best small electric car award at annual What Car? Award show in 2020.
The new Zoe has made a significant improvement in interior design. It has better material that gives it a premium look. Additionally, Renault has provided a 7-inch infotainment screen in the base model with Android Auto and Apple CarPlay connectivity along with a customizable instrument cluster screen.
Renault Zoe is a smart-looking electric car with a decent electric range and modern features. As of now, the electric car is not available in the US.
10. Chevy Bolt EV
|Chevy Bolt EV|
|Battery Capacity||66 kWh|
|Electric Range||259 miles (EPA)|
This five-door electric hatchback is one of the coolest electric cars right now. Chevy Bolt EV provides the highest electric range across all segments of electric vehicles within its price range.
This compact hatchback has quite an impressive powertrain for its size. Chevy Bolt provides a punchy performance with an output of around 200 BHP and 360 Nm of peak torque.
However, one can find its rear compartment a bit less roomy. Overall, it’s one of the most affordable electric cars considering its driving range. Similar to other electric cars in the US, Bolt is also applicable for the federal taxes and EV incentives.
11. Hyundai Kona Electric
|Hyundai Kona Electric|
|Battery Capacity||64 kWh|
|Electric Range||258 miles (EPA)|
Hyundai Kona Electric is one of the most popular electric cars in the world, and why not? Hyundai has provided all the necessary features to make it a valuable electric car among the masses.
The car has an excellent electric range, an affordable price tag, and a peppy performance. The electric motors of the Hyundai Kona generate more than 200 BHP and 394 Nm of torque.
Additionally, the federal tax credit of up to $7,500 makes it an affordable electric SUV.
So these were some of the cheapest electric cars you can buy in 2020. Apart from their attractive prices, these cars have a lot more to offer in terms of features, performance, safety, and electric range.
Which one would you prefer to buy among these electric cars? Do share your views in the comments section below.