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Finding an Electric Car at an Affordable Price

By KristieJune 20, 2022Auto

Electric cars are becoming more and more popular, as the number of brands and models available continue to increase. It’s not surprising, especially in the current economic environment, that drivers are eager to save money on gas without having to compromise on the power of the car; however, electric cars are known for being very pricy, which limits their availability to the average consumer. This article explores the benefits of investing in electric cars and provides information regarding some of the more affordable options on the market.

Saving Money by Going Green 

One of the more obvious benefits of purchasing an electric car is the ability to save money on gasoline. Electric car owners are now finding an increasing number of stations available for charging. There are now online maps for finding the nearest charging station, though most users prefer to charge their cars at home during the night. If you choose to purchase a hydrogen fuel cell car, you’ll also have the opportunity to get free fuel for your first 3 years with the car. This is a special benefit provided by hydrogen automakers. [1] 

Additionally, electric car owners are also eligible for tax benefits, which can significantly reduce the cost of purchasing the car. The federal tax credits available range from $2,500 through $7,500. Tax credit eligibility is dependent on the car’s battery capacity. Another program, entitled the Clean Vehicle Rebate Project, is available to individuals who have low or medium incomes. This program provides rebates to individuals purchasing or leasing certain electric vehicles. Depending on your location, you may be able to find additional rebate programs locally. Some programs even offer home charging station incentives. [1-2]

One of the lesser-known benefits of electric cars is the ability to save money on the costs associated with maintaining the car. Unlike gasoline-powered vehicles, electric cars do not need to be brought in for oil changes, spark plug changes, or fuel filter changes. Furthermore, electric cars feature regenerative braking, which helps reduce the need to change the brake pads as often (compared to a traditional motor vehicle). [1-2]

Other Benefits of Using an Electric Car 

In addition to saving money on many costs associated with owning a vehicle, there are other benefits to having an electric car. Some buyers may be surprised to learn that electric vehicles can be very high-performing and offer the ability to accelerate quickly. While gasoline engines require buildup, electric vehicles can reach their peak from a starting position. Furthermore, the weight distribution of an electric car is superior to that of a traditional vehicle, which helps reduce the risk of rolling the car in case of an accident. [1-2] 

One of the most important benefits of using electric cars is helping to make a positive impact on the environment around you. Electric cars reduce levels of smog in the air and help to decrease production of greenhouse gases. In fact, when driving your electric car in full electric mode, you won’t produce any emissions from your tailpipe. This is not at the expense of having an enjoyable ride. In fact, you’ll be able to ride smoothly and won’t have to sacrifice the torque or horsepower of your vehicle while, at the same time, helping to improve the environment for the current and future population. [1-2]

More Affordable Electric Car Options 

Traditionally, electric cars have been a commodity reserved for the rich; however, the market is becoming more accessible to the average buyer, with increasing options becoming available within a cheaper price point. Now, you can purchase an electric vehicle for around $40,000 or less. Some of the more affordable options include:

1. 2022 Volkswagen ID.4

The 2022 Volkswagen ID.4 is able to run for an impressive 280 miles prior to requiring additional charge time. Need to go a little further? With just 10 minutes of charging at a DC fast charging station, you’ll add an extra 70 miles to your energy bank. This model is available starting at $41,230 and is a good commuter vehicle. [2]

2. 2022 Nissan LEAF S

As the most affordable vehicle on our list, starting at $27,400, the 2022 Nissan LEAF S has plenty of desired features to offer to potential buyers, including door-to-door navigation and semi-autonomous driving. The car is compatible with both Apple and Android devices and can run for around 149 miles prior to needing an additional charge. [2]

3. 2022 Kia Niro EV

This electric car features a 10.25 inch touchscreen display and can reach up to 239 miles before needed to be recharged. It offers 201 horsepower and 291 pound-feet of torque, so you’ll definitely get the power you need to reach your destination efficiently. This vehicle has a futuristic visual appeal and starts at $39,900. [2]

4. 2022 Hyundai Kona Electric 

The 2022 Hyundai Kona Electric is conveniently able to charge in just under 50 minutes, when utilizing a 100 kilowatt charging station. It is able to last for around 258 miles before needing to be recharged. This vehicle offers 201 horsepower and 291 pound-feet of torque for around $34,000. It is an excellent option for buyers looking for an affordable car with good charge longevity. [2]

5. 2022 Chevrolet Bolt EV Redesigned for 2022

The last vehicle brand on this list, a Chevrolet, is able to last for around 259 miles on a full charge. This vehicle offers up to 200 horsepower and can reach 60 miles per hour in fewer than 7 seconds. Starting at $31,500, this Chevrolet is definitely a great contender for buyers looking to invest in an electric vehicle. [2]

If you’re thinking about purchasing a new car, you may want to consider an electric car, as there are now more affordable options that will still give you the power and mileage you need to get to your destination. Electric cars are more environmentally friendly than traditional cars that run on gasoline, and they also tend to have fewer maintenance costs. Purchasing an electric car doesn’t have to break the bank, especially if you do your research to find more affordable options! [1-2]

References: 

[1] https://driveclean.ca.gov/top-reasons

[2] https://www.nation.com/top-electric-cars-under-40k-in-2022/

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