The Top EVs Under $40k
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The Top EVs Under $40k in 2023

Making the switch to EVs can seem cost-prohibitive for sure, but for those who are on a budget, you can actually find EVs for under $40K.

Here’s our roundup of some affordable but still fun EVs you can look forward to this coming year.

2023 Chevrolet Bolt EV

2023 Chevrolet Bolt EV

Why not start off with one of the “classics”? Chevy first came out with the Bolt EV with the 2017 model year, and it’s been a steady, dependable little EV for all this time. With 200 horsepower, it’s a nice little hatchback with a solid range of 259 miles. Learn more about the 2023 Chevrolet Bolt EV

Starting MSRP: $26,500


2023 Chevrolet Bolt EUV

2023 Chevrolet Bolt EUV

Isn’t this the same as the Bolt EV? Nope. While the Bolt EV is a petite hatchback, the EUV gives you more room and a few more fancy touches as a crossover. It offers the same horsepower as the Bolt EV and nearly the same range, at 247 miles. Learn more about the 2023 Chevrolet Bolt EUV

Starting MSRP: $27,800


2024 Chevrolet Equinox EV

2024 Chevrolet Equinox EV

Coming in the fall of this year, the 2024 Equinox EV is looking to be quite the powerhouse. With a max range of 300 miles, you can go for even longer distances and still get about 70 miles for 10 minutes of charging on a DC fast charger. Add in the 290 horsepower and 57.2 cubic feet of max cargo space, and you’ve got quite the family vehicle on your wishlist. Learn more about the 2024 Chevrolet Equinox EV

Estimated starting MSRP: $30,000


2023 Hyundai Kona Electric

2023 Hyundai Kona Electric

Need something a bit more entry-level? Go with the Hyundai Kona Electric. You still get plenty of range at 258 miles, and this subcompact comes standard with plenty of equipment for all of your wireless entertainment needs. Learn more about the 2023 Hyundai Kona Electric

Starting MSRP: $33,550


2023 Kia Niro EV

2023 Kia Niro EV

This Kia just barely ekes onto the list of EVs under $40K, but we’re glad it does. It comes loaded with standard safety features, offers a 253-mile range, and has an onboard power generator to charge up e-bikes or even power your camping equipment. Learn more about the 2023 Kia Niro EV

Starting MSRP: $39,550


2023 Mini Cooper SE

2023 Mini Cooper SE

Once again, Mini brings the fun with the Cooper, this time in EV form. This peppy hardtop is more for the brand stans than anyone looking to really go the distance — it offers only 114 miles of range. But it makes up for that shorter range by having a wildly futuristic-looking dash display. Learn more about the 2023 Mini Cooper SE

Starting MSRP: $30,900


2023 Nissan LEAF

2023 Nissan LEAF

Another budget EV, the LEAF is even more of a mainstay in the electrified world than the Chevy Bolt, having first dropped in the U.S. in 2011. Today, the LEAF still holds its own with a 212-mile range, an advanced monitoring app, and a surprising 30 cubic feet of cargo space. Learn more about the 2023 Nissan LEAF

Starting MSRP: $28,040


2023 Subaru Crosstrek Hybrid

2023 Subaru Crosstrek Hybrid

Is it cheating to include a plug-in hybrid on a list of top EVs under $40K? We guess that depends on whether or not you like the sound of 480 miles of range. You can also charge up a fully depleted battery in just five hours on a Level 1 household outlet. Plus, you still get the off-road Subaru experience thanks to its standard Symmetrical All-Wheel Drive. Learn more about the 2023 Subaru Crosstrek Hybrid

Starting MSRP: $36,845


2023 VW ID.4

2023 VW ID.4

Volkswagen has dropped the price on the ID.4 for the 2023 model year, so this one gets to round out our list. The base trim still gives you 209 miles of range, standard driver assist technology, and some solid interior features. You’ll still need a reservation if you want one, though. Learn more about the 2023 VW ID.4

Starting MSRP: $38,995



SOURCE | IMAGES: TRUECAR | LEAFSCORE

FTC: We use income-earning auto affiliate links. Learn more.

AUTHOR: 

JESSICA MCCORMICK

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