Parent automaker GM also offers to help buyers with the cost to install a 240-volt home charger when they purchase or lease a new 2022 or 2023 Bolt EV or Bolt EUV from a qualifying Chevrolet dealer. The automaker also recently announced that the pair will be discontinued at the end of the year Although their days are numbered, for now, the Bolts still claim the top two spots among the most affordable all-electric vehicles you can buy, with a starting price of $27,495 for the Bolt EV. Chevrolet Bolt EV, Bolt EUV 2022 Chevrolet Bolt EUV | Manufacturer imageįollowing a notable price cut in late 2022, GM raised prices slightly on the 2023 Chevrolet Bolt EV and Bolt EUV. The IRS provides a list of automakers and vehicles that are currently eligible for the credit, including the two most affordable EVs on sale today: the Chevrolet Bolt EV and Bolt EUV. 1, and additional guidelines for vehicle eligibility based on battery and materials sourcing were announced recently read our latest coverage here. Of note, the federal subsidy has changed considerably as of Jan. Prices do not include the federal government’s tax credit, nor any state or local subsidies. The list features all-electric cars only plug-in hybrid and fuel-cell models are excluded. Some are sold only in certain states, while others require a reservation for delivery weeks or months later.īelow are 11 of the cheapest EVs you can buy, listed by starting price (including destination). Note that availability can be relative for EVs. Whatever your reasons, there are EVs available now that won’t break the bank, though they’re generally still more expensive than comparable gasoline vehicles. Or the higher-than-expected cost to install Level 2 home charging, all but essential to owning an EV, might have shrunk your budget for the car itself. Or you might have figured out (accurately) that by the time your new EV’s lease or loan is finished, a wider selection of EVs with much improved technology will be available. You might be just looking for an efficient second car for city use or commuting in high occupancy vehicle lanes, where it makes little sense to pay top dollar for 400 miles of range when a 200-mile EV would serve your needs. Related: Electric Vehicles: Understanding the Terminology There are lots of good reasons not to spend the kids’ college fund on the fanciest, six-figure EV - namely, sending them to college. So you’ve decided to take a gamble on an electric vehicle, but you’d like to keep the ante down for getting into the game.
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