What Is the Cheapest Electric Car?
Steve Birkett is an electric vehicle advocate based in Greater Boston, Massachusetts. He is a content creator and marketing professional who contributes written and recorded pieces to a wide range of media outlets. His analysis has been featured in Find The Best Car Price, WWLP TV, and Torque News, among others. He has also had video content featured on Inside EVs. Birkett was an EV Guide for Plug in America events in Massachusetts (Drive Electric Cambridge and Drive Electric Lowell) and Ohio (Earth Day 2019 at Cleveland Zoo). He participates in quarterly advisory panel meetings for EVolve New York (a state-level charging initiative) and has contributed to focus groups for prominent U.S. charging networks.
Birkett is a father-of-two who loves nothing more than packing up the family and hitting the road in their latest electric car, which is currently a 2022 Hyundai IONIQ 5. With multiple Chevy Bolts in his past, as well as a Chevy Volt and Tesla Model 3 LR in the extended family, plus various EV rentals when he ventures back home to his native United Kingdom, Birkett has more than 100,000 all-electric miles under his belt and is always ready to try out a new electric vehicle.
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The cheapest mass-produced EV currently on sale in the United States is the 2023 Chevrolet Bolt EV. With a starting MSRP of $26,500 in its base trim, the Chevy Bolt EV undercuts its nearest rival, the Nissan LEAF, by more than $1,000, while also delivering more range and potentially qualifying for more EV incentives.
For example, the Chevy Bolt EV qualifies for the full federal tax credit of $7,500, if the buyer’s tax burden is sufficient to claim that amount off the next year’s tax bill.
That brings the Bolt EV down to less than $20,000 before local state and municipal incentives are factored in, which is something that no other manufacturer of electric vehicles can claim.