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Cheapest Electric Cars 2024: Most Affordable Evs 2024

By: Marvin Chung
Updated on: February 02, 2024

If you eagerly anticipate the moment when EVs become affordable, wait no more! 

A resolution to your waiting period may soon materialize. 

The world of EVs is getting a severe affordability upgrade, and I’m here to take you on a ride through the ten most budget-savvy electric wonders of 2024.

Quick Fact: The EV industry is experiencing an evolution – the typical cost has declined by a remarkable $10,000 compared to last year, owing to an increase in production volumes and the introduction of more economical models.

2024 Chevrolet Bolt EV 1LT

  • Quick fact: Your Budget’s Best Friend

Please give it up for the 2024 Chevrolet Bolt EV 1LT, reigning supreme among budget-friendly electric cars, with prices starting at a modest $27,495. 

With its seemingly affordable price point, this compact vehicle boasts a remarkably long range, making it an unexpected but delightful discovery. 

Although the interior may not impress with indulgent design, it provides cutting-edge technology through Android Auto and Apple CarPlay. 

Don’t tarry; the current stock of champions won’t last long – their production will end this year.

Learn more information here!

2024 Chevrolet Bolt EUV 1LT 

  • Quick fact: Spacious and Savvy

Introducing the larger brother, the $28,795 costing 2024 Chevrolet Bolt EUV 1LT. It enlarges everything, making the Bolt EV excellent for a giant canvas. 

Chevrolet Bolt EUV may be your new best friend if you’re a young family seeking more room without breaking the bank. 

It has the goods with a range of 247 miles. It is smaller than its twin, yet it still strikes the ideal balance between spaciousness and affordability.

Learn more information here!

2024 Nissan Leaf S

  • Quick fact: The OG Trendsetter

Please give it up for the 2024 Nissan Leaf S, a pioneer! 

You can ride in the electric vehicle that began the revolution for $29,135. 

Although it only has a 149-mile range, it has the distinction of popularizing electric vehicles years before they became fashionable. 

It’s like the wise old sage of the EV world, even though it is beginning to seem obsolete compared to its younger rivals.

Learn more information here!

2024 Mini Cooper Electric SE

  • Quick fact: Small Car, Big Thrills

The $31,895 costing 2024 Mini Cooper Electric SE is now zoomed into view. It is not your typical highway warrior because of its 114-mile range, but it screams urban style. 

Imagine zooming through the city streets with a touch of flair, excellent handling, and acceleration that will make you forget about the drag races you once adored.

It’s more than just a car; it’s a way of life.

Learn more information here!

2024 Hyundai Kona Electric SE 

  • Quick fact: Practicality and Pizzazz

Hold your seats for the $34,885 2024 Hyundai Kona Electric SE. 

It provides affordability, usefulness, and practicality in one stylish package, making it the Goldilocks of the group. 

It’s a little SUV that doesn’t compromise, with a range of 258 miles and enough cargo room for your weekend adventures. 

Oh, and did I mention that it has Hyundai’s cutting-edge technology for that additional zip?

Learn more information here!

2024 Mazda MX-30 EV

  • Quick fact: Style and Substance with a Twist

Introducing the $35,485 Mazda MX-30 EV, a trailblazer in fashion. It’s your stylish city partner with a 100-mile range. 

Mazda may not be as valuable as some competitors, but it has that distinctive quality that draws attention. 

But let’s face it, the MX-30 must provide more than simply pleasing aesthetics to compete in a market with many affordable options.

Learn more information here!

2024 Volkswagen ID 4 Standard

  • Quick fact: Bigger, Bolder, Electric

The 2024 Volkswagen ID 4 Standard costs $40,290 and enters the stage. 

With a 209-mile range, this midsize electric SUV is like the Goldilocks of the SUV world. 

A stunning 275 miles are promised by an 82-kWh arrangement if you’re feeling very fancy. 

The SUV seems to be saying, “I’m here to change the game,” Boy, is it succeeding admirably.

Learn more information here!

2024 Kia Niro EV Wind

  • Quick fact: The Underestimated Contender

Get ready for the popular EV6 relative that the 2024 Kia Niro EV Wind frequently overlooks. It has a 201 horsepower engine and a 253-mile range starting at $40,875. 

The Niro EV is evidence that you don’t need to splash out to get a taste of the future of electric vehicles, even though the EV6 may be flashier. 

Additionally, it includes technology that is ready to wow.

Learn more information here!

2024 Tesla Model 3 RWD 

  • Quick fact: The Iconic Challenger

Now it’s time for the main attraction, the $41,630 2024 Tesla Model 3 RWD. 

With a 272-mile range and a track record for quick acceleration, this Tesla electric vehicle classic is a strong candidate. 

And with state and federal incentives, it’s like a cost-effective superhero. It demonstrates how innovation and affordability can coexist.

Learn more information here!

2024 Hyundai Ioniq 6 SE 

  • Quick fact: The Elegant Performer

The Hyundai Ioniq 6 SE Standard Range, displaying its magnificence for $42,715, completes our electric feast. 

It is a smooth operator with a 240-mile range and quick charging. 

Its inside may be sparse, but the attention to detail and creative use of space make it unique. 

Who wouldn’t want to recharge in just 18 minutes, right?

Learn more information here!

Are Electric Cars Less Expensive Over Time?

Let’s now talk about how electric automobiles affect your money. Yes, those fancy batteries could make the first financial impact on your pocketbook a little heavier. 

However, in the long term, their efficiency and minimal maintenance appeal make them a good investment. 

Price reductions are inevitable when more competitors enter the market and technology advances. 

Watch out for the fresh faces on the block, including the incoming Volvo EX30 that will soon be available.

Comparison: Cheapest Electric Cars 2024

Electric Car ModelStarting PriceRangeNotable Features
Chevrolet Bolt EV 1LT$27,495259 milesAndroid Auto, Apple CarPlay
Chevrolet Bolt EUV 1LT$28,795247 milesSpacious interior, Android Auto, Apple CarPlay
Nissan Leaf S$29,135149 milesAffordable, 212-mile upgrade option
Mini Cooper Electric SE$31,895114 milesFantastic handling, urban-friendly, charming design
Hyundai Kona Electric SE$34,885258 milesStandard driver aid, infotainment suite
Mazda MX-30 EV$35,485100 milesStylish, compact design
Volkswagen ID 4 Standard$40,290209 milesMidsize SUV, optional extended range
Kia Niro EV Wind$40,875253 milesAffordable cousin of EV6, driver aid tech
Tesla Model 3 RWD$41,630272 milesExceptional performance, longest range on list
Hyundai Ioniq 6 SE Standard Range$42,715240 milesElegant design, clever use of space


What is the most affordable EV in the world?

The most affordable EV in the world is the 2024 Chevrolet Bolt EV 1LT. With a starting price of just $27,495, it’s like a golden ticket to the electric wonderland without breaking the bank.

What EVs are being released in 2024?

Here are the EVs being released in 2024 2024 Audi Q8 e-tron. 2024 BMW i5, 2024 Chevrolet Blazer EV, 2024 Chevrolet Equinox EV, 2024 Chevrolet Silverado EV, 2024 Cadillac Lyriq, 2024 Fisker Ocean, 2024 Genesis Electrified GV70 and more!

Which is the best electric car in the world in 2024?

The best electric car in the world in 2024 is the 2024 Porsche Taycan, 2024 Hyundai Kona Electric, 2024 Tesla Model Y, 2024 Mercedes-Benz EQS SUV, 2024 Ford F-150 Lightning, 2024 BMW i7 xDrive60. The best luxury electric car, the 2024 Lucid Air Grand Touring, and more!

How many EVs are there in 2024?

There are 14 million EVs in 2024. But to give you an idea, there are around many electric cars jostling for attention in the market this year. It’s a sign that the EV party is getting bigger and better!

Final Thoughts

Here are the top-ranked electric vehicles of 2024, presented at an economical price point. The electric car world is beaming with possibilities, from zippy city explorers to versatile SUVs. 

And guess what? 

A harmonious blend of looks, relaxation, and energy is within reach. The moment is right, so go ahead and make that sustainable switch. 

Because in this evolving landscape, affordable and electric are no longer an oxymoron. Time to venture forth while protecting your savings from depletion.


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