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Sadly, these days it’s not possible to leisurely head to a dealership and pick out the perfect vehicle. Inventory remains at record lows, and supply chain shortages are going to get worse before they get better. The electric lifestyle is an adjustment for most first-time EV buyers, and preparation eases the transition considerably. You don’t want your new car honeymoon to be ruined by missed opportunities or misconceptions. Here are five reasons why you should plan ahead before making your first electric car purchase.
Inventory is slim to none for all new autos, and electric vehicles have been hit especially hard by the supply shortages of 2021 and 2022. EVs are the product of truly global supply chains, and that makes them particularly vulnerable to disruptions. EV leader Tesla has so far avoided the worst of the supply shortages, however high demand has new orders seeing delivery dates over 8 months away.
Tesla isn’t the only automaker seeing serious delays. The popular Volkswagen ID.4, Ford Mustang Mach-E and Hyundai IONIQ 5 are all hard to find on a dealer lot nationwide. Data from Cox Automotive shows that day’s supply, the preferred industry metric for new car availability, is dismal for several electric vehicle makers.
Here’s the day’s supply for popular brands that sell electric cars in America. Tesla, Rivian and Lucid sell directly to consumers, so there is no available data for their models.
Kia: 19
Volkswagen: 29 days
Nissan: 34
Hyundai: 35
Chevrolet: 39
Ford: 40
As bad as these supply estimates are, many shoppers note that many dealers have just a few cars on the lot. Don’t expect to find exactly what you want at your local dealership.
If you’re eager to get yourself into a new car as soon as possible, check out CarEdge Car Search to locate electric cars around the country. Beware misleading postings from dealerships. I’ve found that about half of dealer postings are actually misrepresenting cars that are already spoken for.
It’s not fun, but it’s worth it to call around. Soon, you may find yourself forgetting which dealers you’ve contacted, so it’s wise to keep a spreadsheet of who you’ve reached out to, and their inventory situation. While you’re at it, keep track of what their dealer markups are for EVs. Some dealers are taking advantage of the situation and charging $5,000, $10,000 or even $20,000 over MSRP.
If you don’t find what you’re looking for at a competitive price point, most automakers let you place an order for their popular EVs. Sometimes, you’ll have to order through a dealership, so keep that in mind if you don’t see a way to place an order on the automaker’s website. For example, the Hyundai IONIQ 5 and Cadillac Lyriq can only be ordered through a participating dealer.
If you have your eyes set on a Tesla, placing an order is simple. In fact, it takes just a few minutes (but requires a non-refundable deposit). However, demand far exceeds supply for Tesla models. Expect to wait 6-10 months for a Model Y.
Make plans for charging your electric car
If you drive less than 30 miles a day and live near public fast chargers, don’t sweat it. However, long distance commuters and rural EV owners will be glad they thought about how to meet their charging needs.
Over 80% of electric car charging is done at home at affordable residential electricity rates, costing less than $15 for a full charge. If you skip any special home charger installation, plugging in to a typical wall socket will add two to four miles of range per hour. Over 12 hours (at night, for example), a standard wall outlet will add about 25 to 50 miles of range. However, frequent travelers will get tired of the slow charging speeds possible with basic 110-volt wall outlets.
For those who regularly drive more than 50 miles each day, it will likely be worth the investment to get a level 2 home charger installed. A level 2 charger increases power supply to 240 volts, and adds about 20 to 40 miles of range per hour. Unless you’re lucky enough to already have a 240-volt dryer outlet in your garage, installing a level 2 charger at home can cost between $700 and $1500, depending on labor costs and the condition of existing electrical infrastructure in the home.
We’ve covered all you need to know about how much it costs to charge an electric car in our CarEdge guide to charging.
Do you need fast charging?
At some point, a public DC fast charger will be essential for travels. If you purchase an electric vehicle with over 200 miles of range, getting to one shouldn’t be a problem. However, there continues to be wide variation in charge times, and that will make or break the EV ownership experience for frequent travelers.
The Hyundai IONIQ 5, Kia EV6 and Tesla models can all add about 200 miles of driving range in about 20 minutes. However, the 2023 Subaru Solterra EV takes 56 minutes to add the same range. Pay attention to the details, and consider how each electric model would fit into your lifestyle and needs.
Taxes, rebates and more: When will you benefit the most from EV incentives?
For many households, tax liability fluctuates from year to year. If you know when a particularly large tax bill will be due, it might be a great time to buy an electric vehicle. The current federal electric vehicle tax credit is worth up to $7,500, however tax filers who owe at least as much in annual tax liability will get the full benefit from the credit. For example, a family who has a federal tax liability of $5,500 will only be able to claim $5,500 of the EV tax credit. That’s why it makes sense to purchase an EV when tax liability is expected to be at least $7,500.
Plug-in hybrids qualify for between $2,500 and $7,500, depending on battery size.
The credit (non-refundable) remains in effect for all automakers who have yet to reach the law’s 200,000-vehicle limit. Tesla and General Motors have surpassed the limit, so buyers of the Bolt, Silverado EV, and Tesla models won’t benefit from this generous incentive unless Congress overhauls the law. Revisions to the EV tax credit are possible in 2022. Stay up to date with the latest EV tax credit developments here.
Where will you go for EV service?
If you live anywhere near a major metropolitan area, especially along the coasts, you’ve got nothing to worry about. The rest of us need to bear in mind the limits of EV newcomers like Rivian, Lucid and Fisker when it comes to serviceability. Tesla now has 150 service centers across the country, but a few states remain without a Tesla service center. Fisker’s affordable Ocean electric SUV is loaded with impressive specs, however service centers will be few and far between for years to come.
This is where the strength of legacy automakers really stands out. A Tesla or Rivian service center will be hard to find in rural America, however legacy automakers have established dealer networks in every corner of the country.
Before you go out and buy an EV, have a plan for how and where you’ll get it serviced. Electric vehicles come with a great warranty, so you’ll definitely want a way to take advantage of it.
Consider upcoming models and updates before buying
There’s always something bigger and better in the development pipeline. Newer models tout more range, faster charging and improved performance. On the other hand, prices tick upward with every added feature.
When does it make sense to hold out for the latest and greatest? It depends on what you value most, and which electric vehicle features you desire most. Looking to get more range out of a Volkswagen or Hyundai EV? 2023 models get a slight bump. Craving faster charging? Waiting a year might save you five minutes per charge. Don’t expect huge changes from one year to the next. Automakers have set the expectation for incremental improvements.
Ultimately, it will be up to you to decide what’s worth the wait, and when it makes sense to buy (or lease) an electric car.
CarEdge’s Take
Planning ahead for your electric car purchase not only has the potential to save you money, it also makes the transition to the electric lifestyle a lot easier. It’s important to consider your household’s unique needs and wants as you shop around. In 2022, EVs represent past, present and leading-edge technologies at a wide range of price points. Here at CarEdge, we’re keeping track of EV availability in 2022.
As always, CarEdge Electric is here to empower you with the knowledge to approach car ownership with confidence. Our weekly EV newsletter is full of helpful tips, the latest EV news, and new car reviews. Consider becoming a member for expert insights and one-on-one guidance throughout the car buying process.
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Imagine using your vehicle as a backup generator for your home, or even to help a stranded motorist reach their destination. Electric vehicles claim just 5% of new vehicle market share in America, however record gas prices are spurring renewed interest in the EV lifestyle. One of the most sought-after features of electric vehicles is bidirectional charging. Also known as vehicle-to-load, or V2L, tomorrow’s cars literally have the power to do so much more than drive us around. Here’s everything you need to know about bidirectional charging in electric vehicles.
V2G, V2L & V2H: The Types of Bidirectional Charging Capability
2022 Ford F-150 Lightning
During typical use, electric cars draw electricity from the grid, and then consume that energy to power their electric motors. What if you could reverse the flow of electricity back into the grid? Better yet, imagine making money doing it. The future of mobility is about to get weird. Cars are already becoming rolling computers, so it only makes sense that they are capable of revolutionizing the world beyond the driver’s seat.
What is bidirectional charging?
Simply put, bidirectional charging is the ability for electrical current to flow in both directions: from the grid to the vehicle (to charge the battery pack), and also from the car to the grid, another car, or household appliances.
How does bidirectional charging work?
When an electric vehicle is charged, alternating current (AC) from the grid is converted to direct current (DC) using the car’s built-in converter. To send electricity out of the battery pack and back into the grid or into another electronic device, electricity must first convert back to AC. This is done using an inverter. Vehicles that are manufactured with an inverter are already equipped with the hardware needed for bidirectional charging.
Vehicle to grid (V2G) capability enables an electric car to return electricity to the grid. V2G can help supply energy at times of peak grid demand. In most of the world, electricity demand peaks during the afternoon and early evening. Peak demand causes demand charges, which are higher rates for usage.
Vehicle to grid capability offers a way around demand charges, to the benefit of consumers and grid operators alike. The vehicle’s owner avoids demand charges or even sells electricity to the grid, and the grid gains a new source of electricity when it’s needed the most.
Although V2G is still in its infancy, the technology opens up the possibility of future revenue streams for everyday EV drivers and even automakers. Imagine if your car could make you money while it’s parked in the garage. Rental and ride-hailing fleets could double the revenue from their autonomous vehicles by serving as power suppliers to the grid. It’s a game changing option that is coming to cars in the near future.
Vehicle-to-Load (V2L)
V2L allows an electric vehicle’s battery pack to power appliances such as power tools, a coffee machine, cooking equipment, laptops, or even a party. More importantly, vehicle-to-load capability serves as the ideal emergency power source during times of need, such as following a natural disaster or power outage. Some cars, such as the 2022 Hyundai IONIQ 5, can output 3.6 kilowatts via V2L functionality. That is a LOT of power, surely enough to power an entire campsite or family-sized outdoor event.
Vehicle-to-Home (V2H)
Naturally, one of the first uses of bidirectional charging that comes to mind is powering one’s home during a power outage. Indeed, vehicle-to-home (V2H) power supply is under development, and it’s even featured in a few of today’s production EVs. It’s important to note that accessories and professional installation of associated hardware are required before any EV can power an entire home. Still, it looks like V2H capability is a real option for EV shoppers to consider in 2022. More on today’s V2H EVs below.
Does Bidirectional Charging Harm the Battery?
The short answer is that it depends on the battery chemistry. One of the latest battery chemistry types to be employed in EVs is lithium-iron-phosphate batteries, or LFP. LFP batteries quickly rose to prominence due to their remarkable ability to withstand the stresses of repeated charging cycles without severe battery degradation.
Other battery chemistries lose range over time as the battery is charged and discharged (referred to as a charging cycle). Even charging to 100% too often can reduce the life of some battery types. LFP batteries are the perfect companion for bidirectional charging, especially vehicle-to-grid. They handle frequent charging and discharging like a champ.
Other battery types in development are engineered with bidirectional charging capability in mind. Ford’s partnership with SK Innovation resulted in a more environmentally-friendly battery chemistry suitable for the frequent charge cycles of bidirectional charging.
Our EV extended warranty provides peace of mind. Batteries and other electrical components are covered! Get a quote for your EV today.
For the time being, no Tesla models are capable of bidirectional charging. It’s possible (even likely) that all 2022 Tesla models have the necessary hardware for V2G or V2L, or V2H. However, Tesla has alternative motives for delaying bidirectional charging rollout for as long as possible. If Tesla vehicles became V2H-capable, they would render the $10,500 Tesla Powerwall home battery obsolete!
A few curious Tesla owners have inquired about modifying their cars to become capable of bidirectional charging. The response from Tesla was a warning that doing so would void the vehicle’s battery warranty. So for now, don’t expect Tesla EVs to power your home or appliances.
Ford Intelligent Backup Power: F-150 Lightning
Ford’s F-150 Lightning is widely marketed as the answer to power grid anxieties. Ford Intelligent Backup Power is an available accessory to the popular F-150 Lightning electric truck. With 200,000 reservations in the books, the Lightning is already sold out through 2023.
The F-150 Lightning contains unique battery chemistry that strengthens charging cycle durability while also requiring fewer rare earth metals. Ford’s partner, SK Innovation, has developed a new battery cathode that uses 90% nickel, and 5% each of manganese and cobalt. The new battery chemistry also reduces the harmful environmental and ethical impacts of cobalt mining.
Ford’s engineers designed the new electric F-150 with V2H in mind. In the electric truck segment that’s rapidly gaining steam, automakers are looking for bold ways to make their truck a compelling buy.
“F-150 Lightning with available Ford Intelligent Backup Power can provide power and security during an electrical outage – the first electric truck in the U.S. to offer this capability; in the future, new features will offer additional ways to manage energy use and potentially save on energy costs.”
Ford touts high power output and energy storage capabilities
2022 Ford F-150 Lightning Platinum
“The F-150 Lightning extended-range battery system can store 131 kilowatt-hours of energy and deliver up to 9.6 kilowatts of power in a cleaner, quieter, more efficient way versus gasoline-powered generators, and with greater capacity than many wall battery units. F-150 Lightning can also offer lower-cost energy storage in a product customers already own – their truck.”
How long should an electric truck be able to power an entire home? 12 hours? Three days? Ford says that depending on power demand, some homes could be powered for seven days with the F-150 Lightning’s extended range battery.
“With Ford Intelligent Backup Power and the Home Integration System, F-150 Lightning automatically kicks in to power your home if the grid goes down. Once power is restored, the system automatically reverts back to utility power. Based on an average U.S. home at 30 kilowatt-hours of use per day, F-150 Lightning with extended-range battery provides full home power for up to three days, or as long as 10 days when used in conjunction with solar power or rationing.”
Bidirectional charging is yet another way that the electrification of the auto industry is transforming vehicle ownership. In five years (or less), trucks will be judged for how many days they can power your home, and crossovers will be expected to power household appliances with ease.
The fact that vehicle-to-home capability relies on the professional installation of accessories sold separately seems to fly under the radar for many. While vehicle-to-load may become a standard feature that we all take for granted in a decade’s time, retrofitting a home for V2H power will remain a lofty expense for the foreseeable future.
What do you think about bidirectional charging? Do you plan to power your home with your car in the future? Let us know what you think about automaker’s bold plans for EVs in the comments below, or share your thoughts with the CarEdge Community at caredge.kinsta.cloud.
Electric car maintenance is just one of many “new” experiences you’ll encounter when you buy your first EV. Instead of spending $50 at a gas station in a five-minute fill up, EV drivers plug in at home and spend $5 for an overnight charge. On the other hand, road trips require more planning and flexibility with an EV, at least until chargers are more common (and it looks like that will be soon).
Another adjustment for drivers making the switch concerns maintenance and routine care. Electric car maintenance is not the kind of project you can do in your home garage using tutorial videos. It’s important to start by addressing a common EV ownership myth: electric cars are not maintenance-free. Of course, no mode of transportation is maintenance-free. Even riding a bicycle requires routine and unexpected work to keep the tires in motion and in good working condition. Fortunately, fewer moving parts should mean less maintenance overall. Is that always the case?
In this electric car maintenance guide, we’ll explain routine EV maintenance, and how often you should expect to make a service center visit.
What’s Similar About Electric Car Maintenance?
The takeaway is that although electric cars require less maintenance, they do still need attention every once in a while. Just like a traditional internal combustion engine vehicle, EVs need:
Tires monitoring and replacement
The car’s 12 Volt battery may need replacing (it powers smaller electronics)
HVAC maintenance
Brake maintenance
Cabin air filter replacement
What’s Different About Electric Car Maintenance?
Here’s the honest truth about EV maintenance needs:
Pros
No oil changes
Fewer moving parts means less likelihood of mechanical failure
No timing belts, radiator fluids or fuel filters
Brakes wear slowly due to regenerative braking
Cons
Faster tire wear
Don’t risk working on electrical components at home
Any battery or electric motor work will need to be done at the automaker’s service center
Electric Car Routine Maintenance
The past decade of electric vehicle sales has shown that the vast majority of fully-electric models require less maintenance than combustion counterparts. So much so that automakers promote maintenance cost savings in their marketing campaigns for the dozens of EVs coming out in 2022.
EVs have a higher upfront cost, so it’s important to find ways of making up for the difference with fuel savings and today’s focus: electric car maintenance.
Here’s what you can expect when transitioning to a fully-electric vehicle.
Electric vehicles are very heavy. Popular electric crossovers like the Volkswagen ID.4 and Tesla Model Y weigh as much as a heavy-duty pickup truck. Tires undergo greater wear and tear on an electric vehicle everytime the car accelerates or slows to a stop. Many EV owners report needing new tires every 20,000 miles or so.
Some EV owners choose to spend extra on tires that are rated as energy efficient. It’s not required, but EV-friendly tires can extend range by up to 5%. Regular tire pressure should be checked and adjusted often (at least once a month) to ensure proper inflation.
12 Volt Battery
Believe it or not, today’s electric vehicles still require the same kind of 12 volt battery that you’ll find under the hood of most combustion vehicles. Why? The massive battery pack under the floor of the car is engineered to be optimized for delivering power to the electric motors. The electronics and comfort features in the cabin and lights around the vehicle are all powered by a separate, smaller 12 volt battery. So yes, your state-of-the-art electric vehicle may need a new bulky battery in a few years.
Nothing says Mustang Mach-E like a front trunk shrimp party.
In case you’re wondering, the massive battery pack that is sealed under the floor of the vehicle is meant to last for hundreds of thousands of miles without issue. Automaker vehicle warranties cover the battery for up to 10 years and 100,000 miles.
Perhaps the worst thing that could go wrong with an electric vehicle is needing a new lithium-ion battery pack outside of warranty coverage. A full battery replacement costs anywhere from $5,000 to $15,000, depending on the model.
Most modern electric vehicles have regenerative braking, which harnesses the electric motor to slow the vehicle while adding charge to the battery pack. Regenerative braking not only extends range, it greatly reduces wear and tear on the brakes. Tesla’s have been known to go many years without any brake maintenance because of regenerative braking. A few EVs, such as the Volkswagen ID.4, even use old-fashioned drum brakes in the rear due to the greatly reduced use of electric vehicles brakes. Still, brakes will need to be checked during scheduled maintenance. Safety first!
As explained above, brakes on an electric vehicle typically avoid the usual wear and tear of combustion cars due to the help of regenerative braking. Still, brake fluid should be checked during scheduled maintenance. Some EV models require battery coolant fluid exchanges at some point, albeit quite infrequently. HVAC refrigerants also need checking and top-offs as needed. Don’t forget about the windshield wiper fluid.
Filters
I’ve been a passenger in more than one smelly Tesla. I repeat, electric cars are NOT maintenance-free! They have cabin filters just like every other car. Failing to change the cabin filter at regular intervals also irritates allergies and permits air pollution into the cabin.
Examples of Electric Vehicle Maintenance Schedules
The service manual for the best-selling electric crossover is short and sweet.
“Your vehicle should generally be serviced on an as-needed basis. However, Tesla recommends the following maintenance items and intervals, as applicable to your vehicle, to ensure continued reliability and efficiency of your Model Y.
Brake fluid health check every 2 years (replace if necessary) or, if the vehicle is used for towing, replace the brake fluid every 2 years.
A/C desiccant bag replacement every 4 years.
Cabin air filter replacement every 2 years (or 3 years for HEPA filter, if equipped).
Clean and lubricate brake calipers every year or 12,500 miles (20,000 km) if in an area where roads are salted during winter
Rotate tires every 6,000 miles (10,000 km) or if tread depth difference is 1.5 mm or greater, whichever comes first”
Ford recommends more frequent inspections, but the story is the same.
“Every 12 months or 10,000 miles:
Rotate tires, inspect tire wear
Perform multi-point inspection (recommended)
Inspect brake components
Check the cooling system
Inspect half-shaft boots and suspension components
Inspect wheels for defects
Every 3 years:
Change brake fluid
Every 20,000 miles:
Replace cabin air filter
10 years or 150,000 miles:
Replace transmission fluid
200,000 miles:
Replace battery coolant
CarEdge’s Take
It’s easy to forget that electric vehicles have now been on roads for over a decade. Tesla has sold 2 million vehicles and counting, and legacy automakers are gaining ground. What does this all mean for our understanding of electric vehicle maintenance through a consumer lens? With billions of miles driven, we’re finally starting to get some idea of the reliability of electric vehicles.
There are many examples of electric vehicles that have gone hundreds of thousands of miles while following the maintenance schedules we’ve outlined here. EV skepticism is understandable; it’s a whole new vehicle ownership experience. However, frugal car buyers would be mistaken to overlook the maintenance and fuel savings that electric vehicles offer for most consumers.
Detailed cost of ownership analyses show that despite the differences in MSRP, in the end, owners spend about the same amount of money in five years of Tesla Model 3 ownership as they would owning a $25,000 Toyota Camry for the same period. How so? Fuel and maintenance savings add up quicker the more you drive and the longer you own the car.
How will dealership service center revenue streams adapt to the decreased maintenance needs of electric vehicles? Will dealers be getting in on the software-by-subscription game? Or will dealers put up a fight to preserve their wallets?
There remain many unknowns and this time of rapid change in the automotive industry. Your consumer advocates here at CarEdge are helping thousands of car buyers navigate the reinvented auto industry that’s emerging in the post-pandemic world. Stay tuned, we’ll figure it out together.
The average new vehicle sells for nearly $50,000, but not every vehicle costs the same to maintain and operate. Fuel economy, reliability, insurance, and maintenance needs are just some of the factors that determine the total cost of ownership for any vehicle. Automakers have made it clear that they’re bringing EVs to the masses, however cheap electric cars remain elusive.
Consumers in the market for an affordable vehicle in 2022 are presented with diverse options, including a larger selection of electric vehicles than ever before. EV‘s are no longer just for tech nerds. People who had never imagined themselves in an electric vehicle are making the switch simply for fuel savings.
However, it remains true that the majority of electric vehicles carry luxury price tags. It’s unlikely you’ll hear anyone say there are “cheap electric cars,” however there are affordable EVs. Here are five affordable electric vehicles that drivers love in 2022.
If you’re in the market for a great electric vehicle that will get you from A to B in comfort and confidence, the 2022 Volkswagen ID.4 should be on your short list. Capable performance, great safety ratings and a spacious cabin make the ID.4 a great place to be for the price point.
The 2022 ID.4 can go the distance, leaving range anxiety behind for the most part. Dozens of real-world range tests show that even on the highway at 70 mph, the ID.4 gets well over 200 miles on a charge. In city driving, closer to 300 miles is likely.
2022 updates are bringing bidirectional charging, plug-and-charge, increased range, quicker charging and major over-the-air updates to the ID.4. Even 2021 models will get new features via OTA updates this summer. Learn more about the game-changing capabilities of OTA updates here.
When it comes time to charge, you can either juice up at home overnight, or take advantage of 3 years of free Electrify America charging with unlimited miles. For frequent travelers, the Electrify America incentive can be worth a few thousand dollars. At a fast charger, charging to 80% takes about 30 minutes.
The all-wheel drive version of the ID.4 is where this crossover really shines. Adding another motor to the front axle increases horsepower to 295 with 339 lb-ft of torque and a very satisfying 0-60 time of just 5.4 seconds. However, it’s not quite a car you’d take to the track. The handling is well-tuned for attacking winding roads in inclement weather, although it maintains a more family-oriented demeanor.
The 2021 ID.4 earned a Top Safety Pick+ rating from the Insurance Institute for Highway Safety, and a five-star rating from the National Highway Traffic Safety Administration’s rigorous crash testing. CarEdge recently detailed all electric vehicle safety ratings in 2022.
The Volkswagen ID.4 is about as good as it gets for its use case. For the frugal-minded, It’s a particularly compelling car in the base Pro trim with rear-wheel drive (MSRP $40,760). Volkswagen’s EVs still qualify for the $7,500 federal EV tax credit in the US, which can turn the entry-level ID.4 into a $34,000 purchase. That’s an amazing value in today’s market.
The best range for a “cheap” electric car: Kia EV6
Low profile may not appeal to those looking for a SUV
Reliability remains to be determined
It’s hard to find one on a dealer lot
If you’re a techie who demands the latest and greatest that automakers have to offer, but don’t have the budget to buy an extravagant Lucid Air or Mercedes EQS, the Kia EV6 and its platform sibling the Hyundai IONIQ 5 just might be what you’re looking for.
Kia and Hyundai partnered up to engineer the new E-GMP battery and powertrain platform. The first two models to feature this advanced architecture are the Hyundai IONIQ 5 and the all-new Kia EV6. Both of these crossovers offer ultra-fast charging, impressive range, and over-the-air update capability for just over $40,000.
The 2022 Kia EV6 has a premium feel to it, and that’s something we’re still learning to expect from Kia. Aggressive looks on the outside are met with a welcoming, spacious interior. The cabin is open and airy.
The EV6’s front dash consists of dual 12.3” screens, one for infotainment and another for the instrument cluster. Higher trims also include an augmented reality heads-up display that projects driving directions and basic info onto the windshield within the driver’s line of sight.
The Kia EV6 is no slouch; it can hustle with a heavy foot. All-wheel drive variants produce 313 hp and a 0-60 time of 5.1 seconds, but range drops to 274 miles on a charge. Longer range rear-wheel drive trims still reach 60 mph in just 7.3 seconds. For perspective, that’s about two seconds quicker than the popular Subaru Forester.
With a starting MSRP around $42,000 with destination, the 2022 EV6 represents incredible value for leading-edge tech. It even has faster charging and longer range than similarly priced Tesla models.
The greatest advantage the Kia EV6 has over any Tesla model is that the EV6 qualifies for the federal electric vehicle tax credit. Buyers can save up to $7,500 on their federal taxes if they purchase a Kia EV. Tesla and GM brands are no longer eligible since they’ve already sold greater than 200,000 electric cars.
If you’re a fan of the specs but not the aggressive looks, the Hyundai IONIQ 5 may be the perfect compromise.
The fastest charging for a “cheap” electric car that isn’t a Tesla: Hyundai IONIQ 5
The all-new 2022 Hyundai IONIQ 5 is a uniquely retro electric crossover. You’re sure to get plenty of thumbs-ups at stoplights in this head-turner. It’s under $50,000, and surprisingly available at dealerships today. Hyundai says that the pixelated design draws inspiration from the first car they brought to America, the Hyundai Pony.
Also built on the new E-GMP platform, the Kia EV6’s sibling is as comfortable slamming into curves as it is cruising the interstate. The all-wheel drive variant is adequately powered with 320 horsepower and 446 lb-ft of torque. The AWD IONIQ 5 can get up and go with a 0-60 time of 5.2 seconds. That’s just a hair above the current electric crossover sales champion, the Tesla Model Y.
Range varies from 220 miles up to 303 miles depending on battery size and drivetrain. That’s slightly above average for a 2022 model. It’s important to note that some real-world highway range tests have struggled to get the IONIQ 5 past 200 miles on a charge.
The IONIQ 5 does have one massive advantage over its competitors: charging speed. When you plug in at any Electrify America charging station, the IONIQ 5 can handle up to 230 kW charging speeds. Charging from 10% to 80% (adding 212 miles of range) takes just 18 minutes. The only other vehicle on the market capable of charging that fast is the $75,000+ Lucid Air luxury sedan. The IONIQ 5 has a major charging advantage over the ID.4 and Mustang Mach-E.
The IONIQ 5 is part crossover, part oversized hatchback. That’s not a bad thing. Somehow, Hyundai pulls off this delicate balance in all the right ways. The Ioniq 5’s interior volume (passenger and cargo combined) is 133.7 cubic feet, which is larger than the VW ID.4 and Ford Mustang Mach-E. The roominess has more in common with a Hyundai Santa Fe than a Kona.
Starting at just $40,925 for the 58 kWh smaller battery base model, the IONIQ 5 is available for thousands less than was expected. Most buyers will opt for the larger battery pack (77.4 kWh), which is comparable to other class competitors. With standard rear-wheel drive, the IONIQ 5 SE with the long range battery starts at $44,875. All-wheel drive is available for $3,500-3,900 more. The Limited trim starts at $51,825 and maxes out over $56,000 with all options included.
Lacking many luxury features, such as massaging seats
No Apple CarPlay or Android Auto
White and midnight silver are the only free paint options
Say hello to the only Tesla available for less than $50,000. In reality, the 2022 Rear-Wheel Drive Model 3 is the same car as the ‘Standard Range Plus’ variant that the American automaker sold until 2021. Perhaps calling something ‘standard’ just wasn’t on-brand for the luxury automaker.
Don’t get your hopes up if you’re thinking you can get access to Tesla’s Full Self-Driving for under 50 grand. Tesla now charges $12,000 for FSD, which would bring the 2022 Rear-Wheel Drive Model 3 closer to $60,000 after taxes and fees.
This base trim has received some 2022 upgrades, most notably an increase in range from 262 miles to 272 miles on a charge with the included 18” aero wheels. The 2022 Rear-Wheel Drive Model 3 features new lithium iron phosphate (LFP) batteries which will allow the car to repeatedly charge to 100% without risking as much harm to the life of the battery.
The Rear-Wheel Drive Model 3 is powered by a single electric motor that produces 296 hp and 277 pound-feet of torque. This sedan powers to 60 mph in just 5.8 seconds, not bad for a base trim.
At a Tesla Supercharger, its 60 kWh battery pack can accept up to 170 kW when nearly empty. In the real world, that means charging from 10-80% (adding 190 miles of range) takes about 26 minutes.
The 2022 Tesla Model 3 Rear-Wheel Drive now sells for a notoriously non-negotiable $44,990, plus the $1,200 destination and doc fee. So the cheapest Tesla is now $46,190. Just a year ago, it was $38,190.
The best “cheap” electric car: 2022 Hyundai Kona Electric
Starting at $34,000
258 miles of range
Search hundreds of Hyundai Kona EVs for sale today at CarEdge Car Search!
Pros:
A great alternative for those considering the Chevy Bolt
Under $30,000 with federal incentives; under $25,000 for some
Real-world range exceeds ratings
Unbeatable 10-year/100,000-mile warranty
Cons:
Slow charging speeds
Full of tech from the previous generation of electric vehicles
A previous recall associated the Kona with ‘potential fire hazard’
Front-wheel drive only
Overshadowed by the IONIQ 5
Hyundai’s forgotten electric vehicle should not be overlooked by those in search of a very affordable entry into electric mobility. The 2022 Hyundai Kona EV may not look all that attractive, but it has decent range and room to fit most lifestyles.
For just $34,000 before incentives, you can become the owner of the original Hyundai EV. This front-wheel drive subcompact crossover gets 258 miles on the charge, exceptional range for a budget EV. Some owners get over 275 miles on a single charge. The Limited trim, top-of-the-line option comes in at $42,500.
If you plug in at home, charging to 100% from a 240-volt dryer outlet will only take you about 9 hours from 10% state of charge. That will get you a full battery overnight while you’re sleeping. At a DC fast charger, the Kona is behind the competition. In 47 minutes, the Kona Electric charges from 10% to 80% capacity.
If you’re more of a Kia lover, we have great news. The Kia e-Niro is basically the Kona Electric with a Kia face.
Due to the Kona Electric’s charging faults, this would not be a great road-tripping vehicle. But if you’re looking for cheap electric cars perfect for zipping around town, this is a great deal not to be overlooked.
The Fisker Ocean sure does promise a lot. Will it deliver? At just $37,000, Fisker’s all-electric brand quotes 250 miles of range for the entry-level Fisker Ocean crossover. The 2023 Fisker Ocean didn’t make our official list for a few reasons. It hasn’t been produced yet, and delays have pushed the start of production back to November 2022. Fisker says they have 32,000 reservations in the books, so if you’re looking to buy one, it may not be possible until mid-2023. Furthermore, the more capable and sporty Fisker Ocean trims start at $50,000.
CarEdge’s Take: Range and Reliability Matter Most
You may be wondering where the Chevrolet Bolt and Nissan Leaf are on this list of cheap electric cars. The Leaf is one of the originators of the EV segment, having started it all back in 2011. However, Nissan has regrettably not invested in range or battery performance upgrades over the years. It’s failing to keep up with the growing competition.
The 2022 Nissan Leaf S gets just 149 miles of range and charges quite slowly at between 50 and 100 kilowatts at a fast charger. It is the MOST affordable electric vehicle, with prices ranging from $27,400 to $37,400, however we can’t recommend an EV that leaves the lot at a disadvantage. As electric vehicles come to market with 250 to 400 mile ranges, how will the Leaf retain any resale value?
And then there’s the Chevrolet Bolt. It’s affordable and even looks okay with the recent facelift. While it’s true that the recall fix is giving Bolts brand-new, modernized battery packs, the reliability of the Bolt has taken such a hit that it’s too great of a financial risk for today’s consumers to get behind the wheel worry-free. You don’t want your $31,000 purchase to be a symbol of unprecedented fire risk. What would it take to change my mind? At this point, a few years of problem-free driving. Until then stay away from the Chevrolet Bolt. As you can see, there are plenty of other affordable electric vehicles out there in 2022.
Follow the money. Automakers are going all-in on electric vehicles in 2022 and beyond. The consumer benefits as competition rises, so perhaps affordable EVs are here to stay. If you’re looking to go electric in 2022, you don’t have to buy a Tesla, Nissan Leaf or Chevy Bolt. Every automaker is racing to become the next big thing in the world of EVs.
Some parting advice: consider all options, and test drive as many electric vehicles as you can. You’ll be amazed at what’s out there, and even more amazed at what’s to come.
CarEdge recently shared 5 vehicles to avoid in 2022. What about the best deals on the market today? These five vehicles have high resale values, excellent reliability, and reasonable prices. If you’re looking to make a purchase you won’t regret, these 5 models are safe bets. Here are the best cars to buy in 2022.
Subaru Forester
Why are there so many Subarus on the road these days? Drivers love their all-wheel drive crossovers, and Subaru represents the best of the best. Subarus consistently retain unusually high resale values, and that helps to soften the impact of today’s higher prices. The Subaru Forester is known for solid reliability (especially in older models) and class-leading safety ratings. Today’s Subarus also get decent fuel economy, especially on the highway. All-wheel drive and a comfortable, spacious interior make the Subaru Forester the ultimate all-weather roadtripper. The challenge will be finding one. Subaru has been hit hard by the chip shortage, but things may improve later this year.
Mazda CX-30
Reviewers and owners love the agile handling, generous interior of the Mazda CX-30. New for 2022, the CX-30 now comes with standard all-wheel drive and a more plush interior. In today’s market, the CX-30 represents the best value within the Mazda line. The Mazda CX-30 is ‘only’ up 23%, much less than the overall Mazda brand, which is up 35% year-over-year. Cost of ownership is relatively low for the CX-30, and a great factory warranty offers peace of mind. This is the Mazda to buy in 2022.
Hyundai IONIQ 5
This retro-inspired family-sized electric crossover is sure to stand out on the road. Over the past few decades, Hyundai has completely transformed its reputation in North America. Now, Hyundai’s push to electrification sees the brand strengthening its image as a tech-savvy and reliable automaker. The IONIQ 5 is the fastest charging electric vehicle you can buy for under $50,000. Two years of FREE charging at Electrify America can save frequent travelers thousands of dollars. The $7,500 federal tax credit for electric vehicles is icing on the cake. We recently covered the IONIQ 5 in-depth at CarEdge, check out our first look here.
Toyota RAV4 Prime
You’re probably not shocked to see Toyota on the list of the 5 best cars to buy in 2022. Over the past year, the Toyota RAV4 Prime has not appreciated to the extent that many of its competitors have. The RAV4 Prime combines Toyota’s superior build quality with an innovative powertrain meant to bridge the gap between combustion and EVs. Expected resale value is 67% after five years, which is incredible.
The 2022 RAV4 Prime features a spacious interior and a surprising amount of power with a 0-60 time of 5.7 seconds. If you’re thinking about going electric but can’t quite overcome range anxiety, this is the vehicle for you. There’s a hybrid engine (gas-powered) under the hood, an electric motor up at the front, and another electric motor powering the rear axle. These three power plants combine forces to provide standard all-wheel drive, the option of all-electric driving, and range-boosting hybrid mode when going the distance. You can plug in, but you don’t have to. The RAV4 Prime is a future-proof Toyota at under $50,000!
Toyota Tacoma
Low cost of ownership, plenty of utility and the highest resale value on the market earns the Toyota Tacoma top honors. After five years of ownership, you can expect to retain 79% of the original value with the Tacoma. That is remarkable! The 2023 Tacoma refresh brings a new engine and muscular looks to the popular truck. The Tacoma is a safe bet in the crazy auto market in 2022. Your best chance to get one is to put your name on a dealer allocation. The Tacoma doesn’t sit on the lot for very long with value like this.
Bonus – Another Toyota!
The Toyota Highlander is a family-sized SUV with great resale value. Toyota as a brand is up 40% on the used car market, but the spacious and reliable Highlander is ‘only’ up 33%. Not bad considering today’s circumstances. J.D. Power gives the Toyota Highlander top scores for reliability.
CarEdge Is Here to Empower the Consumer
Did we miss anything? What would your list look like? Let us know if you agree with our CarEdge top picks. If you think we missed the mark, we’d love to hear your top cars to buy in 2022.
Don’t forget to check out the CarEdge list of 5 vehicles to avoid in 2022. Our picks came as a shock to some, but we shared exactly why you should steer clear of these models for now.
It’s a strange time to be in the market for a vehicle. Don’t go it alone! At caredge.kinsta.cloud, we strive to empower the consumer with car buying know-how that makes finding your next vehicle less of a pain. CarEdge Car Search provides unique auto industry insights that other car listings don’t show you. CarEdge TotalPrice™ shows you the out-the-door price so that you know what to expect before you walk into the dealership.
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