What Is the Cheapest Electric Car?

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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.

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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.