What Is the Best Deal on an Electric Car?

Electric vehicles still carry a slight premium on MSRP compared to their combustion counterparts, but deals are available on certain models if you’re willing to do some research.

The best deal on an electric car in 2023 is the Chevrolet Bolt EV, with a starting price of $26,500 before incentives. The model also qualifies for the full federal tax credit of $7,500, if you have sufficient tax burden to absorb it, as well as any applicable state programs for electric vehicles.

With these incentives combined, a new Chevy Bolt EV with 259 miles of EPA range and impressive performance for an economy compact car can be purchased for well under $20,000. This price point is not something that any other EV models can claim, with the Nissan LEAF being the closest at around $28,000 but not qualifying for any federal incentives.

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