The era of affordable electric vehicles is just about here, with eight of the 10 cheapest EVs on the market starting below the $40,000 mark. Even better, the prices quoted here don’t include incentives, rebates, or other discounts, so your real-world purchase price could be even cheaper. If you’re wondering why the Volkswagen ID.4 isn’t on this list (the 2024 model would tie for tenth), it’s because the 2024 model is soon to be replaced by the 2025 model, which gets a significant price increase.
Here are 10 of the cheapest electric cars of 2025.
1. 2025 Nissan Leaf
Base price: $29,280
Base range: 149 miles
Last year’s retirement of the Chevrolet Bolt and Bolt EUV put the 2025 Nissan Leaf at the top of the cheapest EVs list, and it stays there again this year. Although the cheapest Leaf has 149 miles of range, it can be configured with up to 212 miles of range in SV Plus form.
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2. 2024 Fiat 500e
Base price: $34,095
Range: 149 miles
After a 5-year hiatus, the 2024 Fiat 500e brought the tiny nameplate back to the world of EVs. Its 149-mile range matches the Leaf’s, but there is no upgrade available for the 500e. The small battery means the 500e does charge fairly quickly, taking 35 minutes for 80% charge on a DV fast charger, or it can gain 31 miles of range in just 5 minutes.
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3. 2025 Hyundai Kona Electric
Base price: $34,325
Base range: 200 miles
The 2025 Hyundai Kona Electric’s funky, futuristic style brings some visual verve to the subcompact EV world. Its 200-mile base range can also be upgraded to a more impressive 261 miles. The Kona Electric charges from 10% to 80% capacity in 43 minutes on a DC fast charger.
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4. 2025 Chevrolet Equinox EV
Base price: $34,995
Base range: 319 miles
The 2025 Chevrolet Equinox EV is easily the longest-range model on this list, at least in base form. It’s also available with a hands-free highway driving system, GM’s Super Cruise. The Equinox EV is an attractively styled, surprisingly spacious, and high-tech EV.
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5. 2025 Toyota bZ4X
Base price: $38,465
Base range: 252 miles
With Toyota build quality and lots of standard features, the 2025 Toyota bZ4X is a value electric SUV buy. It doesn’t have the highest maximum range, but it has a strong base range for the money. Wireless smartphone integration, voice commands, and advanced safety features add to the bZ4X’s allure.
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6. 2025 Ford Mustang Mach-E
Base price: $38,490
Base range: 250 miles
One of the sportier electric vehicles at this price point, the 2025 Ford Mustang Mach-E wears its Mustang style proudly. Wireless device charging, wireless smartphone integration, a 15.5-inch touchscreen, and voice commands are all standard equipment. Look for the rear-wheel-drive Premium trim to get 320 miles of range.
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7. 2025 Hyundai Ioniq 6
Base price: $38,945
Base range: 240 miles
The only sedan on this list, the 2025 Hyundai Ioniq 6 has sleek, futuristic style and a comfortable, tech-forward interior. The Ioniq 6 can also be configured with a maximum range of up to 342 miles. On DC fast charging, the Ioniq 6 can charge from 10% to 80% in just 18 minutes.
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8. 2025 Subaru Solterra
Base price: $39,915
Base range: 227 miles
Closely related to the Toyota bZ4X, the 2025 Subaru Solterra nonetheless has its own Subaru style, as well as its own equipment configurations and technology stack. As you’d expect of a Subaru, the Solterra gets standard all-wheel drive (AWD) with X-Mode for enhanced stability in a range of conditions.
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9. 2025 Kia Niro EV
Base price: $40,995
Range: 253 miles
The 2025 Kia Niro EV is based on the same architecture as the Hyundai Kona Electric, and offers many of the same abilities and features. Its cabin is spacious and comfortable, with more upscale styling than you’d expect at this price point.
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10. 2025 Nissan Ariya
Base price: $41,160
Base range: 216 miles
Alluring style and impressive technology are among the 2025 Nissan Ariya’s first impressions. It’s also a comfortable, relatively spacious electric SUV. Although the least expensive model gets 216 miles of range, the Ariya can be configured with up to 289 miles of range in the Evolve+ trim. For 2025, all Ariya models now include wireless device charging.
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The Cheapest Electric Vehicles in 2025
- 2025 Nissan Leaf: $29,280
- 2024 Fiat 500e: $34,095
- 2025 Hyundai Kona Electric: $34,325
- 2025 Chevrolet Equinox EV: $34,995
- 2025 Toyota bZ4X: $38,465
- 2025 Ford Mustang Mach-E: $38,490
- 2025 Hyundai Ioniq 6: $38,945
- 2025 Subaru Solterra: $39,915
- 2025 Kia Niro EV: $40,995
- 2025 Nissan Ariya: $41,160