November 23, 2022 . 4 min read

Best Affordable EV Cars of 2023 | 10 Cheapest Electric Vehicles That You Can Buy

EVs are becoming affordable every year. As more electric cars enter the market, you can have choices to buy them. The less maintenance costs, environmental benefits of electric vehicles, over petrol or diesel vehicles are the main reasons for demand for EVS. Here we are giving the top 5 affordable EV cars to buy in 2023. 

Top Affordable Electric Cars List

Get the list of cheapest electric cars with a great range in 2022-23.

  • Chevrolet Bolt EV, EUV
  • Nissan Leaf
  • Mazda MX-30
  • Volkswagen ID.4
  • Volvo S60
  • BMW 330e
  • Hyundai Kona Electric
  • Ford F-150L
  • Peugeot e-208
  • Fiat 500e

In the following sections we are giving the features, advantages, and disadvantages of the top 5 cheapest electric cars.

Chevrolet Bolt EV

The Chevrolet Bolt is the best affordable electric vehicle till now. It's wonderful features like myChevroletapp are useful to calculate the amount of charging, Chevry Safety Assist, automatic emergency braking, forward collision alert, lane keep assist and so on. Chervy provides installation of level 2 (240 volt) charging outlets at your home which provides faster and convenient charging. The advantages and features of Chevrolet Bolt electric car are listed here:

  • Maximum speed: 90.1 mph
  • Maximum power: 200 horsepower
  • 120 MPGe
  • Up to 259 miles per one charge
  • Accelerates 0 to 60 in 6.5 seconds
  • Price: $26,595 

Nissan Leaf

The most popular in cheapest version of EV is Nissan Leaf Line. The 100% four-seater electric car provides a nippy way to get around the town. The Nissan Leaf comes in two models namely S and SV Plus. Both are available at low costs. The electric car has several safety features and has more horsepower than Bolt. It also contains a standard six-speaker audio system for music lovers. The main features of the Nissan Leaf are mentioned here.

  • Maximum speed: 106 mph
  • Maximum power: 214 horsepower
  • 121 MPGe
  • Up to 212 miles on a single charge
  • Accelerates 0-60 in 7.4 seconds
  • Price: $27,800

Mazda MX-30

Mazda MX-30 is another cheap electric car available. The well-equipped car price starts from $34,695. This EV is slick styling and upscale cabin materials, and design. Another feature is it gives a smooth ride. The specific features of Mazda MZ-30 have listed here:

  • Sunroof
  • Adaptive Headlamps
  • Rain-sensing wipers
  • 18-inch wheels
  • Blind-spot monitoring

Volkswagen ID.4

Volkswagen ID.4 is one of the more fun-to-drive and smooth-riding mainstream electric vehicles. The interior has a clean design and decent quality, and it has touch-sensitive controls. The battery size also increases for iD.4s when compared with older versions. A dual-motor AWD option having 295 hp and up to 2,700 pounds of towing capability is available. The price of a Volkswagen ID.4 EV is $38,790 and EPA estimated range is 208-275 miles.

Volvo S60

Volvo S60 is a cheap EV with luxury finishes. Using this car, you can reduce tailpipe emissions and reduce fuel consumption. The car has an air purifier and a Browsers & Wilkins audio system. It has also Google Maps, Google Assistant, and built-in Google Play applications. The features of Volvo S60 are listed here:

  • Accelerated 0-60 in 4.3 seconds
  • 74 MPGe
  • Maximum speed: 112 mph
  • Maximum power: 455 hp
  • Price: $41,300

What is the best affordable electric car?

You can choose the best affordable electric car from the list by checking the car price, maximum speed, and maximum power features. The first option for you is the Chevy Bolt as it values your money. The below -table helps to make a decision on which car is best for your money.

Electric Car


Max speed

Max power

Chevrolet Bolt


90.1 mph

200 horsepower

Nissan Leaf

106 mph

214 horsepower

BMW 330e


130 mph

288 horsepower

Ford F-150 LIghtning


120 mph

452 horsepower

Volvo S60


112 mph 

455 horsepower 

Drawbacks of Electric Cars

The main 3 drawbacks of an electric car are given here:

  • Charging Time: You are not just pumping gas into the vehicle at the gas station. It takes time to charge a vehicle for your road trip. In a few cases, it might need overnight charging.
  • EV charging stations can be harder to find on the go: It is difficult to find charging stations when you go for a long drive. You should always check the nearest charging stations on your road trip for this kind of vehicle.
  • Higher upfront costs: Electric vehicles can be more expensive up front, but the maintenance cost is less than a fuel car.

FAQs on Affordable EV Cars

  1. What is the most affordable electric vehicle right now?

Chevy's Bolt is the most affordable electric vehicle right now. It is a great deal for the price in the year 2023. It is the most affordable 

  1. Is an EV car worth buying?

Yes, buying an electric car is worth it. EV is best for daily short commutes, and worth the money as it decreases commute costs in the long run. Even an electric car's maintenance cost is low compared to a conventional vehicle.

  1. Which EV is the best value for the money?

Chevy's Bolt is the best value for money. As it comes with many features at the least price. 

  1. Is EV expensive to maintain?

The average maintenance cost of an electric car without insurance is $949 per year. It doesn't require an oil change or other routine maintenance.