Electric vehicles are becoming increasingly popular as gas prices skyrocket. In fact, automakers plan to pivot to largely electric lineups in the coming decade, in response to ongoing climate concerns.
For more than a decade, brands like Nissan and Chevrolet have offered affordable electric cars like the Nissan Leaf and Chevy Spark EV, but their gas-powered subcompact and compact counterparts were always more affordable.
While that’s still true today — especially as brands like Tesla market electric vehicles (EVs) like the Tesla Model S starting in the six-figure range — the price gap between gas cars and electric cars has become much narrower. Federal tax credits can even make an electric car cheaper than a similar gas-powered model.
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At the same time, automakers have made tremendous strides to address range anxiety; most of the electric cars featured below can go at least 200 miles on a single charge.
But what’s the most affordable electric vehicle, and how do tax credits affect the price? Check out our list of the cheapest electric cars below.
10 Cheapest Electric Cars in 2023
We’ve rounded up the most affordable EVs in the U.S. based solely on their MSRP (manufacturer’s suggested retail price).
Some new electric vehicles are eligible for a $7,500 tax credit, but the Inflation Reduction Act of 2022 changed the guidelines. As we approached the end of
