THE MOST AFFORDABLE EVS FOR 2023

The push for new, appealing electric vehicles has gained considerable momentum recently. The next few years will see a rollout of EVs in every popular automotive segment, increasing competition and decreasing prices. At the moment, however, all-electric vehicle development costs remain high and most new additions are priced well above equivalent gaspowered models.

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That means the list of economical EVs isn’t yet extensive, but it does include a handful of cars starting under $40,000. Some of these models will further qualify for federal tax credits that now require American assembly and parts sourcing.

CHEVY BOLT EV

Starting price: $27,495

Helping pioneer the mass-production EV landscape in 2017, the Chevy Bolt EV tackled range anxiety and affordability in a practical package. The updated version introduced last year adds a more appealing interior ambiance while maintaining competitive range and zippy performance.

The Bolt EV isn’t perfect, with a firm ride and smallish cargo area, but it is now the least expensive electric vehicle for 2023 thanks to a huge price cut. We also proved the Bolt EV can travel 278 miles on a single charge, besting its EPA-estimated range by 19 miles. If the hatchback body isn’t appealing, Chevy also offers an SUV-like version, the Bolt EUV, that has more interior room. Bolt models purchased before March should qualify for the $7,500 federal tax credit.

NISSAN LEAF

Starting price: $29,135