Top 5 Most Affordable Electric Vehicles

12 August 2020

Hyundai Ioniq Plug-In Hybrid

Hyundai offers its most affordable plug-in hybrid electric vehicle (PHEV) with the Hyundai Ioniq Plug-In Hybrid, which has a starting manufacturer’s suggested retail price (MSRP) of $21,957 (when taking the federal tax credit into account). However, the Ioniq PHEV is only sold in a handful of states: California, Connecticut, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, Rhode Island and Vermont. Those fortunate enough to have access to this hatchback can expect up to 29 miles of electric range at a combined fuel economy of 119 miles per gallon equivalent (MPGe). Upon depletion of the battery, the vehicle switches over to the 1.6 liter 4-cylinder engine to provide an additional 601 miles of range at 52 MPG. Hyundai claims that the vehicle’s 8.9 kWh battery can be recharged at a Level 2 charging station in approximately 2 hours and 15 minutes.

Mini Electric

The MINI Electric is currently one of the most affordable battery electric vehicles (BEV) on the market. This compact hatchback comes with a MSRP of $22,400, when including the federal tax credit. The vehicle’s 32.6 kWh battery provides the driver with 110 miles of electric range per full charge at a combined fuel economy of 108 MPGe. MINI claims that the BEV can charge up to 22 miles per hour (at 7.4 kW) at a Level 2 charging station, while charging up to 80% at a 50 kW public fast charging station takes approximately 36 minutes.

Toyota Prius Prime

Toyota has evolved the Prius from its hybrid electric (HEV) form into a PHEV with the introduction of the Toyota Prius Prime. Now in its second model year, the Prius Prime offers 25 miles of electric range until the 1.8 liter 4-cylinder engine contributes an additional 615 miles of range. The Prius Prime also remains one of the most fuel-efficient vehicles on the market, displaying a combined fuel economy of 133 MPGe and 54 MPG while running on electricity and gasoline, respectively.

Toyota claims that the vehicle’s 8.8 kWh battery requires less than 5 hours and 30 minutes to bring it to full charge at a Level 1 charging station, and less than 2 hours and 10 minutes at a Level 2 charging station. Like with most other PHEVs, however, the Prius Prime is not compatible with public fast chargers. Taking the federal tax credit into account, the Prius Prime is available now for $23,398.

Nissan LEAF

Arguably one of the more well-known BEVs on the market, the Nissan LEAF is the automaker’s answer to affordable transportation electrification. For a starting MSRP of $24,100 (when including the federal tax credit), the base model of the LEAF offers an electric range of 149 miles at a combined fuel economy of 111 MPGe. Customers desiring the option for up to 226 miles of electric range, however, will need to spend an additional $6,600 for the LEAF PLUS.

The base model is powered by a 40 kWh battery that can be fully recharged in 8 hours (at 6.6 kW) at a Level 2 charging station and in 40 minutes at a 50 kW public fast charging station, but customers will need to pay an additional premium of $1,690 for fast charging capability. To further help offset the cost of charging, Nissan has partnered with EVgo to provide eligible LEAF customers with a $250 charging credit.

Kia Niro Plug-In Hybrid

At a starting MSRP of $24,947 (including the federal tax credit), the Kia Niro Plug-in Hybrid is the most affordable PHEV offered by the automaker. Aside from editing the exterior design and adding some technological improvements, Kia has not altered its 2019 model year specifications: the Niro PHEV offers the same 26 miles of electric range with combined 105 MPGe; 534 miles of gasoline range with 46 MPG; and 8.8 kWh battery pack with a 1.6 liter 4-cylinder engine.

To incentivize customers to upgrade to a Level 2 home charger, Kia has collaborated with Amazon to offer a home EV charging installation service with licensed electricians. The automaker claims that the Niro PHEV’s battery can achieve full charge from a Level 2 charging station in approximately 2 hours and 15 minutes.

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