In 2019, market analysis and research firm Deloitte predicted that electric vehicles would reach price parity with combustion-powered counterparts in 2022. One year later, General Motors Chief Technology Officer Matt Tsien shared his optimism about EV prices. Cost parity between EVs and conventionally powered vehicles “will come sooner than many people think,” he said during a keynote speech at a Society of Automotive Analysts event. Skip forward to the second half of 2022, and EV prices are running away from ICE cars. The latest analysis from iSeeCars.com reveals just how much more expensive used EVs are, and recent MSRP hikes are driving new EV prices even higher.
Used Electric Car Prices Up 54.3% In One Year
Used car prices are dropping rapidly at the wholesale level, however buyers have yet to see any significant price drops at the retail level. Over the past eight weeks, used car prices have dropped nearly 5 percent at dealer auctions. Could the car price bubble be finally coming to an end? If you’re in the market for an electric vehicle or plug-in hybrid, we’re far from it.
According to data from iSeeCars, used electric car prices saw an increase of 54.3% from July of 2021 to July 2022. Over the same period, gas-powered cars were up just 10.1%. Number crunchers at iSeeCars analyzed the prices of over 13.8 million 1-5 year old used cars sold between January and July of 2021 and 2022 to determine the price growth of electric cars compared to ICE vehicles.
As gas prices reached new records this spring, the demand for EVs rose in parallel. However, a closer look at the data reveals that the few affordable electric cars on the market saw the greatest price increases, and by a long shot.
At a time when the average EV transaction price is over $66,000, the future of electric mobility is riding on the success of more affordable options. The number of sub-$40,000 EVs seems to be shrinking by the day.
Are Affordable EVs Going Extinct? It Appears So
iSeeCars found that America’s two most affordable electric cars saw prices increase the most. Used Chevrolet Bolt prices were up 29.3% since 2021, and used Nissan Leaf prices were up 45%. For the Leaf (which starts at $27,800 new), this massive price spike translates to an average sale price of $28,787 in July 2022. The average used Chevy Bolt sold for $28,291 last month. Considering the specs of the Bolt (notably charging capabilities), that’s a lot of money for a used EV.
With DC fast charging times typically around 45 minutes to one hour to add 200 miles of range, both of these electric models are likely to see drastic depreciation as much faster charging EVs become more commonplace. This is especially true for the Leaf, which lacks the decent range of the Bolt.
The Kia Niro EV seems to be the outlier here. With 239 miles of EPA-rated range and 77 kilowatt DC fast charging capability, it almost seems like a good deal with used Niro EV prices ‘only’ increasing 15.7% year-over-year. At the time of writing, used Kia Niro EVs are priced between $35,000 and $43,000.
Another Day, Another EV Price Hike
New electric vehicles are seeing price hikes, too. Just last week, Ford announced that the 2023 Mustang Mach-E was getting a massive price increase. The base Select trim now starts at $48,195 (up $3,200). The rear-wheel drive option was eliminated, effectively canceling the most affordable Mustang Mach-E. The most popular trim, the Premium AWD Mustang Mach-E, now starts at $56,175 before the $1,300 destination fee. That’s a $6,075 increase from earlier in 2022.
When Ford reopened F-150 Lightning orders in August, the news was accompanied by a $6,000 to $8,500 price increase. The most affordable F-150 Lightning now starts at $46,974. Most buyers will want the XLT with extended range, and that option now starts at $80,974. Will Ford lower the price by $1,000 to qualify for the new EV tax credit? We’ll find out soon enough.
Tesla prices are up over 20% since early 2021. The Model 3 is now 27% more expensive, and the most popular EV in America, the Model Y, now costs 30% more with a starting price of $65,990. Rivian made headlines when they canceled the most affordable configuration of the Rivian R1T electric truck. Anyone with basic math skills (or a calculator) can see that new and used EVs alike are becoming more expensive.
When Will EV Prices Go Down?
This right here is the question we’re all doing our best to answer. Still, it’s hard to tell. Here’s what needs to happen before EV prices will go down:
EV production and inventory must increase
For that to happen, supply chain constraints must ease
Battery suppliers must continue to meet demand
Automakers need to commit to affordable models rather than luxury EVs
More EV competition may drive prices down
Is there any good news? It depends on which EVs you’re interested in, and your buying timeline. The new EV tax credit is the first to ever offer a used EV tax credit and future rebate, however strict eligibility requirements for both are causing an uproar. For some, buying an EV may soon be thousands of dollars cheaper. For others, federal EV incentives vanished when President Biden signed the Inflation Reduction Act of 2022 into law. See which new EVs and used EVs qualify for the revised incentives.
Want to stay informed about the latest EV pricing, ownership and development news? Join the CarEdge Community for free. Our Electric Vehicle forum is the place to be for EV discussion, advice and expert consultation!
Electric trucks are few and far between on highways, but they’re all the rage online. There are fewer than 3,000 electric trucks on the road today, but at least 1.5 million reservations are in the books for upcoming electric truck models. Will trucks ever catch up to crossovers in the electrification of the auto industry? With how many models are in the development pipeline, it will be interesting to find out. Let’s take a look at every electric truck on the way, and the few you might catch a glimpse of in 2022.
Rivian R1T
Introduced: Late 2021
Range: 314 miles
Fuel economy: 71 MPGe
Cost to charge 0 – 100% at home: $19
Price: $78,975 – $121,690
“It’s bigger than a Ford Ranger, smaller than a F-150, and a whole lot more expensive.”
The 2022 Rivian R1T is the most common electric truck on the road today, but that doesn’t mean it will be easy to find one. About 2,000 have been sold as of spring 2022. As is often the case, supply shortages (and inflation) have put a damper on the much-anticipated rollout of Rivian’s first model.
Nevertheless, it’s a very capable truck. The R1T can tow more than 11,000 pounds and the pickup offers a payload capacity of 1760 pounds. And it’s fast, with a 0-60 time of 3.3 seconds. It’s a rugged, outdoorsy-themed truck for those who use their pickup for more play than work. If you’re in the market for one, get in line. If you’re lucky (and have a deep wallet), you just might take delivery of one by the end of 2023. Rivian prices recently jumped by $10,000 – $20,000, so don’t expect a Rivian for the original price of $69,000.
GMC Hummer EV
Introduced: Late 2021
Range: 329 miles
Fuel economy: 47 MPGe
Cost to charge 0 – 100% at home: $30
Price: $80,000 – $110,000+
“American excess at its finest….. and least efficient.”
If you would like a 9,000-pound, crab-walking mammoth of a truck that can seemingly overcome physics to reach 60 miles per hour in three seconds, General Motors has you covered. The revived Hummer is a large luxury truck meant to turn heads more than it’s meant to haul stuff to the worksite.
The Hummer EV’s #1 party trick is the crab-walk. That’s when the truck turns using all four weeks, allowing it to slide through traffic. The EPA-rated range of 329 miles is a bit misleading. It has a MASSIVE 212 kilowatt-hour battery. That’s triple the capacity of most electric crossovers! While technically it starts around $80,000, used ones are already selling for a quarter of a million dollars.
Ford F-150 Lightning
Introduced: Late 2022
Range: 230 – 300 miles
Fuel economy: 68 MPGe
Cost to charge 0 – 100% at home: $14 – $20
Price: $39,974 – $90,874
“This will be the first mass-produced electric truck on the market, but we’re bracing for the dealer markups.”
We recently detailed all we know about the upcoming electric F-150 in a special CarEdge preview. It turns out that truck fans are REALLY looking forward to the Lightning. The question remains, can Ford make enough of them?
Here’s What Stands Out With the F-150 Lightning:
It’s the most powerful F-150 ever
You can power tools, other EVs and even your entire home with the truck
The Lightning looks normal, but features state-of-the-art technology
The front trunk is bigger than most regular trunks
Up to 320 miles of range, but mediocre charging speeds
Ford has 200,000 reservations in the books for the F-150 Lightning, so new orders can expect a 2024 delivery. If you’re patient, this just might be worth the wait.
Range: Up to 400 miles (depending on battery size/trim)
Cost to charge 0 – 100% at home: $28
Price: $39,900 – $80,000+
“It’s the direct competitor to the F-150 Lightning, but it will charge a LOT faster.”
When Ford made such a big deal with the unveiling of the F-150 Lightning, we all knew General Motors would be cooking up something special. The Chevrolet Silverado EV was unveiled at last, and the specs and looks have exceeded expectations. Chevy claims it has faster charging, more power, and more range than the Ford.
It’s a flexible truck too, and one that’s definitely going to see some worksite use. The storage capacity of the 5-foot-11-inch bed can be extended to 9 feet with the ’available’ Multi-Flex Midgate.
GM says that the new Silverado is basically a rolling generator, if you buy the required accessories. “When combined with the available accessory power bar, the Silverado EV’s PowerBase charging system offers up to 10 outlets, to provide a total of 10.2kW of all-electric power for countless worksite or recreational needs, including powering your home, with the required equipment.” It can even charge other electric vehicles!
Ever since Tesla pulled the curtains back in November 2019, the world has divided into two camps: those who adore the Cybertruck’s angular, Mars-ready looks, and those who abhor it. No matter what your opinion is, it’s still just an idea for now. Tesla has repeatedly pushed back its arrival, and now says that 2023 will be the start of production.
The Cybertruck will have 3,500 pounds of payload capacity, and can tow 14,000 pounds. Those specs are on another level for sure. It’s also a performance-oriented truck, with a 0-60 time of 2.9 seconds. Pricing had previously been announced to start at $40,000 for rear-wheel drive base variants, but that was later removed from the Tesla website. We expect pricing to range from $55,000 to over $80,000, but it’s pure speculation at this point.
Toyota’s Electric Truck
In late 2021, Toyota teased the above image of an electric truck. It closely resembles an electric Tacoma, which would be a dream come true for many Toyota fans. They haven’t said a word since, but we’ll update you with the latest once we know more.
Ram 1500 Electric Truck
Stellantis has taken its sweet time getting into EVs. In 2024, the Ram 1500 electric truck will make a debut with a range of up to 500 miles and futuristic design cues. It will be capable of fast-charging, a quick 0-60 time, andthe latest tech from Stellantis.
The electric Ram 1500 will be built on the new STLA platform that is currently in development. More to come.
GMC Sierra Electric Truck
They say it’s coming, but we don’t know much yet. The electric Sierra will share the same powertrain engineering as the Silverado EV.
“Like the GMC Hummer EV, the electric Sierra will be purposefully built on the Ultium Platform with the premium materials and capability customers have come to expect from GMC trucks,” says GMC.
Canoo
The Canoo ‘Pickup Truck’ has more in common with the Tesla Cybertruck that one might suspect. It’s weird-looking, has space-age ambitions, and has been repeatedly delayed. Canoo has undergone multiple leadership shakeups, and that has delayed the launch of Canoo’s first products by a few years (and counting).
The Canoo truck has a targeted payload capacity of 1,800 pounds, a 6’ 8” bed when extended, and about 500 horsepower. At least 200 miles of range are to be expected on a charge. Hopefully it turns out to be at least 250 miles considering the competition.
As odd and mysterious as the Canoo Pickup Truck is for now, the EV startup already scored a significant contract, at least symbolically. NASA selected Canoo to transport astronauts to the upcoming Artemis spaceships for missions to the moon in 2025.
With a bit of luck, the Canoo truck just might be available to reservation holders in 2023. Learn more about Canoo here.
Update: Every day that we wake up to higher gas prices, the case gets stronger for EV adoption. If only EV prices weren’t sky-high. With gas at $4.50, the average American driver commuting 15,000 miles per year can easily save $150 per month or more by going electric. Check out the details below.
Charging an electric vehicle is a whole new experience, one that brings advantages and disadvantages for drivers. If you’ve been stopping at gas stations for decades, the thought of plugging in and waiting for your car to charge may be a bit too much to swallow. But over 80% of EV charging is done at home, where the cost savings are greatest. Two out of three American drivers are considering going electric for their next vehicle, and billions of dollars are being funneled into EV development and infrastructure.
EVs have a higher upfront cost than combustion vehicles, so it’s important to find ways of making up for the expense with fuel savings. Unfortunately, not all charging options are affordable. Here’s how you can save money when charging your EV in 2022.
The Cost of Charging an Electric Car at Home
When do you usually charge your phone? While you sleep at home? Oddly enough, for most drivers, that’s exactly how their EVs are charged! Data from the US Department of Energy shows that the vast majority of electric vehicle charging is done at home. Whether you plug in to a simple 120 volt outlet in your driveway or have a more powerful 240 volt outlet in your garage, charging at home is usually the most affordable way to power up.
In the US, the average residential electricity rate is $0.14 per kilowatt-hour, however rates vary widely from one state to another. In Hawaii, the average rate is a whopping $0.34 per kWh, while it’s between $0.10 and $0.14 per kWh in more affordable energy states like Washington and Texas.
What does that all mean? Say you have a level 2 charger capable of filling up your battery from empty in about 7 hours. Plug in every evening, and wake up with a full battery every morning. What did that full ‘tank’ of electrons cost? Let’s consider a real-world example. The 2022 Tesla Model 3 has a 82 kWh battery, so at average American residential rates, at home charging a Tesla Model 3 at home costs just $11.48 for a full charge. That’s enough electrons for 358 miles of driving.
What about if the same Model 3 owner lived in California instead? At typical California residential electricity rates, the same charge would cost $18.04. Considering that a tank of gas costs over $75 today, the savings add up. But clearly, it depends on the rates you pay for power and miles driven per year to maximize savings. If you’d like to know more about average residential electricity rates in each state, you can find that information here.
Here’s How Much a Typical EV Driver Spends on Charging at Home in Every State
Note: this includes business and commercial rates. The average residential rate is $0.14 per kilowatt-hour.
Here’s how much EV drivers from each state can expect to pay for a full charge. The examples below specifically reflect an EV with an 82 kWh battery, such as a Tesla Model 3 or Model Y. My own Hyundai IONIQ 5 has a 72.5 kWh battery.
The stark difference between home charging and public fast charging highlights the fact that going electric likely only brings savings when most charging is done at home.
State
Residential Electricity Rate ($ per kWh)
Cost of Charging to 100% at Home (82 kWh battery)
EV Fuel Savings Compared to Filling an 18 Gallon Tank at $4.50/Gal
Annual Savings: 15,000 miles/year, 25 MPG versus 300 miles on a charge
Alabama
$0.14
$11.48
$69.52
$2,126
Alaska
$0.23
$18.86
$62.14
$1,757
Arizona
$0.13
$10.66
$70.34
$2,167
Arkansas
$0.11
$9.02
$71.98
$2,249
California
$0.22
$18.04
$62.96
$1,798
Colorado
$0.14
$11.48
$69.52
$2,126
Connecticut
$0.23
$18.86
$62.14
$1,757
Delaware
$0.14
$11.48
$69.52
$2,126
DC
$0.14
$11.48
$69.52
$2,126
Florida
$0.12
$9.84
$71.16
$2,208
Georgia
$0.13
$10.66
$70.34
$2,167
Hawaii
$0.34
$27.88
$53.12
$1,306
Idaho
$0.11
$9.02
$71.98
$2,249
Illinois
$0.14
$11.48
$69.52
$2,126
Indiana
$0.14
$11.48
$69.52
$2,126
Iowa
$0.13
$10.66
$70.34
$2,167
Kansas
$0.13
$10.66
$70.34
$2,167
Kentucky
$0.12
$9.84
$71.16
$2,208
Louisiana
$0.12
$9.84
$71.16
$2,208
Maine
$0.18
$14.76
$66.24
$1,962
Maryland
$0.14
$11.48
$69.52
$2,126
Massachusetts
$0.23
$18.86
$62.14
$1,757
Michigan
$0.18
$14.76
$66.24
$1,962
Minnesota
$0.14
$11.48
$69.52
$2,126
Mississippi
$0.12
$9.84
$71.16
$2,208
Missouri
$0.11
$9.02
$71.98
$2,249
Montana
$0.12
$9.84
$71.16
$2,208
Nebraska
$0.11
$9.02
$71.98
$2,249
Nevada
$0.13
$10.66
$70.34
$2,167
New Hampshire
$0.21
$17.22
$63.78
$1,839
New Jersey
$0.16
$13.12
$67.88
$2,044
New Mexico
$0.14
$11.48
$69.52
$2,126
New York
$0.21
$17.22
$63.78
$1,839
North Carolina
$0.12
$9.84
$71.16
$2,208
North Dakota
$0.12
$9.84
$71.16
$2,208
Ohio
$0.13
$10.66
$70.34
$2,167
Oklahoma
$0.13
$10.66
$70.34
$2,167
Oregon
$0.12
$9.84
$71.16
$2,208
Pennsylvania
$0.15
$12.30
$68.70
$2,085
Rhode Island
$0.22
$18.04
$62.96
$1,798
South Carolina
$0.14
$11.48
$69.52
$2,126
South Dakota
$0.13
$10.66
$70.34
$2,167
Tennessee
$0.12
$9.84
$71.16
$2,208
Texas
$0.13
$10.66
$70.34
$2,167
Utah
$0.11
$9.02
$71.98
$2,249
Vermont
$0.21
$17.22
$63.78
$1,839
Virginia
$0.13
$10.66
$70.34
$2,167
Washington
$0.11
$9.02
$71.98
$2,249
West Virginia
$0.14
$11.48
$69.52
$2,126
Wisconsin
$0.15
$12.30
$68.70
$2,085
Wyoming
$0.12
$9.84
$71.16
$2,208
The Hidden Costs of Charging an Electric Car
If you already have a 240 volt dryer outlet within reach, you’re all set for just about any scenario. If you don’t, you’re left with two options. If you drive less than 40 miles on most days and live within a reasonable distance of a public charger (in case you need it), you will save the most money by using the so-called ‘trickle charge’ supplied by the charger included with the car. You simply plug into a standard three-prong 120 volt wall outlet. This is called level 1 charging.
Depending on the vehicle, trickle charging typically adds 3-4 miles of charge per hour to the battery, or about 40 miles per night if you leave your car plugged in. So, how much does it cost to charge an electric car? If the above scenario describes your driving habits, you’ll just pay the same residential electricity rates that your pay to power your home.
If that’s not quite enough recharge for your daily needs, you’ll either need to make weekly visits to public fast chargers, or spend anywhere from $800 – $2000 on installation of a level 2 charger. Level 2 chargers supply more power in less time. They plug into a 240 volt outlet, the exact same kind that is used for dryers, ovens and other large appliances at home.
If you already have a conveniently located dryer outlet within reach of where you park the car, you can purchase a power splitter for as little as $300. Splitters send charge to the home appliance (such as a dryer) when needed, and then divert power to charging the car when the appliance is not in use. This saves A LOT of money versus getting electrical work done!
Do I need to install a charger?
In summary, if you drive less than 40 miles a day, it usually makes the most sense to avoid the costly level 2 charger and stick with a regular wall outlet. If you drive significantly more, consider installing a level 2 charger or simply topping off your battery once or twice a week at a local public fast charger to avoid the expense of electrical work.
How Much Does Public Fast Charging Cost?
First, there’s one thing we need to make clear. Electric vehicles are not meant to be charged at public DC (direct current) fast chargers every time a charge is needed. It stresses the battery, and it costs a lot more than charging at home. For instance, fast chargers can charge a Model 3 from 10-80% in less than 20 minutes. That much energy transfer puts wear on the vehicle’s battery management system. Fast charging is great for road trips or when you’re in a pinch, but that’s all they’re meant for.
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Tesla Superchargers
How much can you expect to pay for charging at a public DC fast charging station? Let’s consider the two largest charging networks in the nation: Tesla Superchargers and Electrify America.
As of early 2022, most Tesla Superchargers charge $0.28 per kWh of electricity. For a 2022 Tesla Model Y with a 82 kWh battery pack, that adds up to a cost of $22.96 to go 330 miles on a charge. Some Superchargers have variable pricing dependent on demand charges, as noted on Tesla’s Supercharging support page. “Certain Supercharger stations offer on-peak and off-peak rates. The rates and peak times are both displayed in the navigation application on the touchscreen.”
Depending on state and local regulations, some Tesla Superchargers charge per minute, rather than per kilowatt-hour of electricity. Tesla recently updated the rate structure for their per-minute Superchargers. With Tesla’s plug-and-charge, customers simply plug in the vehicle and the charger communicates with the car, begins charging and bills the customer’s Tesla account.
Here’s how the updated rate structure is tiered in 2022:
Over at Electrify America, customers can either pay $0.43 per kWh of electricity, or become a Pass+ member for just $4/month and charge at $0.31 per kWh. Having such an affordable membership plan is an interesting approach. That is to say, it almost seems like Electrify America is aiming to become a subscription that everyone with an EV will buy into for a sense of range security, even if they rarely use the network. Down the road, I’m sure prices will go up.
For a Ford Mustang Mach-E, filling up the 98 kWh battery from empty will cost $30.38 with the Pass+ membership. However, the cost jumps to $42.14 without it. Clearly, the fuel savings we often associate with going electric evaporate if charging costs are too high.
Cost of Charging to 100% at a Tesla Supercharger
Cost of Charging to 100% at Electrify America as a Member
Cost of Charging to 100% at Electrify America as a Guest
Cost of Filling up an 18 Gallon Tank of Gas at $3.25/Gallon
$22.96
$25.42
$35.26
$58.50
Some Drivers Don’t Spend a Dime on Charging
If you know someone who pulls up to Tesla Superchargers in their 2014 Model S and leaves without paying a dime, don’t expect the same perks when shopping for a 2022 Tesla. Early adopters received free supercharging ‘for life’, and there are plenty of Tesla owners out there who keep driving their high-mileage, slow-charging old Model S just for the free charging incentive.
If you’re hoping to score free charging with any of the 2022 EV models, I’ve got good news for you. Many 2022 models come with free charging at Electrify America charging stations. These new EVs all come with a free charging incentive for a limited time:
Audi e-tron (250kWh at Electrify America, or about 1,000 miles of driving)
Audi Q4 e-tron (250kWh at Electrify America, or about 1,000 miles of driving)
Ford Mustang Mach-E (250kWh at Electrify America, or about 1,000 miles of driving)
Hyundai IONIQ EV (250kWh at Electrify America, or about 1,000 miles of driving)
Hyundai IONIQ 5 (2 years of free charging at Electrify America, 30 minutes per session)
Hyundai Kona EV (250kWh at Electrify America, or about 1,000 miles of driving)
Lucid Air (3 years of free charging at Electrify America)
Mercedes EQS (2 years of free charging at Electrify America, 30 minutes per session)
Polestar 2 (2 years of free charging at Electrify America, 30 minutes per session)
Porsche Taycan (3 years of free charging at Electrify America, 30 minutes per session)
Rivian R1T and R1S (12 months of free charging at Rivian’s Adventure Network and Waypoint chargers; continued free charging with Rivian membership subscription)
Volkswagen ID.4 (3 years of free charging at Electrify America, 30 minutes per session)
Some employers, especially large corporations and tech companies, offer free charging for EVs at dedicated parking spots. However, if your employer doesn’t offer charging, maybe you can be the one to spark the idea and help make it happen.
Ever thought of installing solar panels on your roof?
Prices have plummeted in recent years, and having an EV is yet another incentive to go solar. Most utility customers can participate in a net metering program that compensates homeowners for unused solar electricity contributed to the grid. If the sun is shining bright while you’re away at work, you still receive bill credits for the unused power your panels generated. The utility bill credits you’ll receive may cover the entire cost of charging your car. That’s 100% clean, free power for both your home and transportation!
CarEdge’s Take on the Future of EV Charging
How much does it cost to charge an electric car? As you can see, it depends on utility rates, incentives and if you charge at home or at public fast chargers. Fuel savings is one of the greatest benefits of switching from a combustion vehicle to an electric vehicle. As your consumer advocate, we want to make it clear that EVs don’t always save money. However, for the vast majority of American drivers, affordable electricity rates mean that at least $1,000 could be saved each year by going electric. And that doesn’t include the lower maintenance costs that most EVs have. For those who are fortunate to have a place to plug in at home or work, switching to an electric vehicle is a no-brainer.
Have any questions or comments? How are you feeling about the electrification of the auto industry? Let us know in the comments below, or check out the CarEdge Community forum at caredge.kinsta.cloud. You can also reach out to me at [email protected].
As anyone who’s fallen head over heels for one of the many 2022 electric vehicles and clicked that ‘Order’ button can attest, just because you can order an EV in 2022 doesn’t mean you can drive it home this year. This was a problem I faced myself, but I finally broke the code and got a Hyundai IONIQ 5 at MSRP (here’s how).
Soon after I began my online car search, it became clear that if I wanted a brand-new vehicle, my options were limited by availability. To make the most of the situation, I thought I’d share what I’ve learned about the availability and estimated delivery times for EVs on the market today. Here’s what we know as we kick off the new year.
Note: These are fully-electric models that can either be ordered now or purchased at a dealership today. Many more have been announced but are not yet officially available.
Make
Model
Class
Starting MSRP
Estimated Delivery/Lot Availability*
Audi
e-tron
crossover SUV
$65,900
Available Now
Audi
Q4 e-tron
crossover SUV
$43,900
Available Now
Audi
RS e-tron GT
sedan
$103,445
Available Now
BMW
iX
SUV
$88,050
Mid-2022
BMW
i4
sedan
$55,400
Mid-2022
Cadillac
Lyriq
SUV
$62,990
Late-2022
Chevrolet
Bolt
hatchback
$31,000
Available Now
Chevrolet
Bolt EUV
crossover SUV
$33,500
Available Now
Fisker
Ocean
crossover SUV
$37,499
2023
Ford
Mustang Mach-E
crossover SUV
$43,895
Available Now
Ford
F-150 Lightning
truck
$39,974
2023-2024
GMC
Hummer EV
truck
$99,995
Mid-to-late 2022
Hyundai
IONIQ
crossover SUV
$33,245
Available Now (Discontinued)
Hyundai
IONIQ 5
crossover SUV
$43,650
Available Now
Hyundai
Kona
crossover SUV
$34,000
Available Now
Jaguar
I-Pace
crossover SUV
$69,900
Available Now
Kia
Niro
crossover SUV
$39,990
Available Now
Kia
EV6
crossover SUV
$42,115
Available Now
Lucid
Air
sedan
$77,400
Mid-2022
Mazda
MX-30
crossover SUV
$33,470
2022 - CA Only
Mercedes
EQS
sedan
$102,310
Available Now
Mercedes
EQB
SUV
~$55,000
Late 2022
Nissan
Leaf
hatchback
$27,400
Available Now
Nissan
Ariya
crossover SUV
$47,125
Late 2022
Polestar
Polestar 2
sedan
$45,900
Available Now
Porsche
Taycan
sedan
$82,700
Available Now
Rivian
R1T
truck
$67,500
2023
Rivian
R1S
SUV
$70,000
2023
Subaru
Solterra
crossover SUV
$46,220
Mid-to-late 2022
Tesla
Model S
sedan
$94,990
Late 2022 - 2023
Tesla
Model 3
sedan
$46,990
Mid-to-late 2022
Tesla
Model X
SUV
$104,990
2023
Tesla
Model Y
crossover SUV
$62,990
Late 2022 - 2023
Toyota
bZ4X
crossover SUV
$43,215
Mid-to-late 2022
Volkswagen
ID.4
crossover SUV
$40,760
Mid-2022
Volvo
XC40 Recharge
crossover SUV
$55,300
Available Now
*For a vehicle ordered in May 2022, unless there's existing dealership supply.
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What Does It All Mean? Supply and Demand Are Out of Whack
A few things might stand out to you on this list. Not a lot of options are available if you need a new vehicle right now. VW Group’s new EVs are available at many dealerships, although there are reports of major dealer markups. It’s quite easy to find EVs of the previous generation on dealer lots. Think Kia eNiro, Hyundai Kona EV, Nissan Leaf and the like.
The vast majority of 2022 electric vehicles are crossovers. No surprise there given the sales trends over the past decade. Honda doesn’t have a single EV arriving in the North American market until the 2024 Prologue electric SUV. That is surprising considering the popularity and good reputation of the brand. What will it take for automakers to catch up to demand? An end to the chip shortage would be a great step in the right direction. There’s also the supply versus demand factor. Ford, Rivian, Tesla and VW are all swamped with orders well into 2022, and even into 2023. All except Tesla are EV newcomers who are facing the same production ramp-up struggles that Tesla just barely survived a few years ago. We’ll update this page regularly as more information becomes available, so save it to your bookmarks!
Did we miss anything? Let us know in the comments below, or shoot an email to [email protected].
If America is to go electric as the automakers claim, access to EV charging stations will have to grow exponentially in just the next few years. As it stands today, there are 63,000 public charging stations, but only 17,460 are fast chargers. That works out to just 37 charging ports per 100,000 Americans. Industry experts estimate the US will need more than 100,000 public fast chargers for the 22 million EVs that are expected to hit American roads by 2030.
Most charging is done at home, but public chargers are an important piece of the puzzle. They are essential for interstate travel and road trips. Will hitting the road in an EV ever be as simple and hassle-free as it is in a combustion vehicle? Here are the latest developments in the world of EV charging access.
The 2021 Bipartisan Infrastructure Bill Allocates $5 Billion for Charging
President Biden, the US Department of Transportation, and the US Department of Energy announced the allocation of $5 billion over five years for the establishment of a National EV Charging Network. The funding is made possible by the Bipartisan Infrastructure Law, which was signed into law in November of 2021.
The chief goal of the charging funds is to create a network of EV charging stations along the Interstate Highway System. The total amount available to states in 2022 is $615 million, but states must submit an EV Infrastructure Deployment Plan before they can access these funds. A second, competitive grant program designed to further increase EV charging access in locations throughout the country, including in rural and underserved communities, will be announced later this year.
Learn more about how much each state is receiving to build electric car charging stations here.
Utilities Come Together to Create the National Electric Highway Coalition
Although EVs only made up 5% of US passenger vehicle sales through mid-2021, a recent survey found that 39% of Americans say they are likely to purchase an EV for their next vehicle. On top of that, OEM executives expect half of all sales to be electric in 2030, just eight years ahead. Taken together, this points towards a future where EVs are no longer fringe models with limited audiences; EVs are going mainstream.
Over 80% of charging is done at home at very affordable residential rates. The remainder is at public charging stations that vary widely in pricing. In the states that lead in EV ownership, existing charging stations often have long wait times during periods of busy travel. The need for more public charging presents a business opportunity just waiting to be taken advantage of, and now the big utilities are taking notice.
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Just this month, the Edison Electric Institute (EEI), an association representing US utilities, announced a monumental initiative to combine the forces of 51 investor-owned electric companies, one electric cooperative, and the Tennessee Valley Authority. This new coalition is a coordinated effort to install thousands of fast charging ports along major U.S. travel corridors by the end of 2023. The coalition members are committing $3 billion of their own money to bring fast chargers online over the next two years.
The 2021 bipartisan infrastructure package passed by congress allocates $7.5 billion for the expansion of charging to 500,000 charging plugs nationwide. The administration announced plans to designate highways as “corridor-ready” for electric vehicles, meaning charging stations are located no more than 50 miles apart and no more than five miles off the highway.
Updated: Will Tesla’s Supercharger Network Ever Open to Non-Tesla EVs?
For most of the last decade, Tesla’s Supercharger network was the only nationwide fast-charging network for EV owners. It was long rumored that Tesla was on the verge of opening select Supercharger locations to all EV owners, but it appears that North American Tesla Superchargers will remain a walled garden for now. Tesla has already opened Supercharger access to all in France, The Netherlands, and Norway. Non-Teslas pay a higher price for charging, and Tesla says that will fund the continued growth of the network.
Electrify America Will Double Its Network by 2025
One outcome of the Volkswagen dieselgate debacle was the creation of Electrify America, a VW-funded nationwide charging network in the US. After a rocky start plagued by unreliability and low use, things are looking up for EA. This past summer, EA announced their “Boost Plan” to more than double their current EV charging infrastructure in the United States and Canada. At the end of 2021, EA has completed nearly 800 charging stations with a total of 3,500 charge ports. By the end of 2025, EA plans to have more than 1,800 fast charging stations and 10,000 individual chargers installed.
The all-new Volkswagen ID.4 electric crossover comes with three years of free fast charging at Electrify America stations. Hyundai and Ford are also offering limited free charging incentives for their EVs. As the networks expand, the value of these free charging incentives will grow.
Other Automakers are Offering Charging Networks, Either Through Partnerships or Independently
Legacy automakers and EV startups have plans to make public charging easier for their customers. GM announced Ultium Charge 360, a plan that will integrate charging networks for seamless use with all GM vehicles. They’ve established partnerships with EVgo, Blink, ChargePoint and other big names in North America. Furthermore, GM’s new Dealer Community Charging Program will see dealerships playing an active role in bringing 40,000 level 2 chargers to underserved communities, including rural and urban locations.
Ford’s BlueOval charging network makes plug-and-charge possible for the Mustang Mach-E and future EV models, a nod to Tesla’s plug-and-charge popularity. Ford says that they want charging an EV to be as simple as stopping at a gas station.
By the end of 2023, Rivian’s Adventure Network of chargers will have 3,500 fast chargers installed at 600 sites in North America. Rivian’s brand targets outdoor enthusiasts and overlanding types, so the new network will cater to EV owners who venture off the beaten path. At first, the Rivian Adventure Network will be exclusive to Rivian owners, but the company says they will open it up to other EV brands shortly after. This is a big deal for EV owners looking for zero-emissions wilderness adventures, especially considering that the much-hyped Subaru Solterra all-wheel drive EV barely makes it 220 miles on a charge.
Will EV Charging Stations Replace Gas Stations?
The short answer is no, not for decades, if ever. However, more and more gas stations are adding fast chargers to their parking lots. Sheetz, a popular gas station chain in the East, has been the site of many Tesla Superchargers. In Maryland, one gas station ditched gas entirely for EV charging stations. The new infrastructure bill’s $7.5 billion for EV charging will bring chargers to more gas stations, truck stops and interstate rest areas. The Department of Energy already keeps track of every fast charging station in the nation, and even has a neat map of stations to explore.
Retailers are seeing the benefits of hosting EV charging. Most Electrify America stations are located in Walmart or Target parking lots in close proximity to dining and shopping. Movie theaters and shopping malls often offer free charging for customers. This is a trend we expect to continue, bringing convenience and the occasional free charge to EV owners.
CarEdge’s Take On the Future of Charging in America
EV charging stations are great for highway adventures, but it’s important to remember that EV owners who rely on public charging will spend far more on charging than those who charge mostly at home. EV drivers who pay for public charging will see a much higher total cost of ownership, possibly even approaching that of a combustion vehicle.
More EV models are making their debut in 2022, and almost all of them charge at over 150 kW. This is great for those wanting to go electric yet dreading long waits at a charger. The next two years will transform the experience of EV ownership in America. With so many new fast chargers coming online and even better models to choose from, EV technology just might be maturing right as American infrastructure catches up with demand.
States eligibile for below invoice pricing and 100% free delivery:
Alabama, Arkansas, Texas, Oklahoma, Florida, Georgia, Kentucky, Louisiana, Maryland, Delaware, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.
What if I don’t live in these states? If you're outside these areas, don't worry! We're committed to making sure everyone can enjoy our deals. Although the delivery fee will not be waived, you can still purchase from CarEdge and either pay for shipping or coordinate pickup at a participating dealer.
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