The best EVs under $50,000 are more capable than ever before. But that doesn’t mean that they’re equally suited for the diverse needs of today’s drivers. Whether you’re hauling a family or looking for your next ridesharing car, these are the best EVs under $50k that are available now.
2023 Volkswagen ID.4
To qualify for federal EV incentives, ensure you purchase a Tennessee-built VIN.
Price:$37,495 – $53,995
Range: 208 – 274 miles
Charging Speed: 130 kilowatts (standard) to 170 kilowatts (Pro); Add 200 miles of range in 28 minutes
Tax Credit: The U.S.-built ID.4 qualifies for at least half of the new EV tax credit. Make sure yours is built at the Chattanooga, Tennessee factory! See full details here.
Did You Know? The 2023 VW ID.4 includes three years of free 30-minute charging sessions at Electrify America. For those who travel often, this incentive could be worth hundreds of dollars.
The new IONIQ 5 may have stolen the show, but the Kona EV is thousands of dollars cheaper. It’s one of the best EV values well under $50k.
Price: $33,550 – $41,550
Range: 258 miles
Charging Speed: 100 kilowatt max (180 miles added in 47 minutes)
Federal Tax Credit: In August of 2022, the new revisions to the EV tax credit took away this incentive from the Kona EV. See full details here. State incentives may apply.
Did You Know? The all-new Hyundai IONIQ 5 has stolen the show with more range, MUCH faster charging, and better looks. Although MSRP starts closer to $45,000, dealer markups make it hard to find one under $50,000. More on that below.
Polestar is the fully-electric brand backed by Volvo. This car looks unmistakably Nordic, yet not as minimalist as a Tesla. Pricing is right under $50k, but direct-to-consumer sales means no dealer markups.
Price (front-wheel drive): $49,800 with destination fees, but there’s no haggling with Polestar’s pricing
Range: 270 miles
Charging speed: 150 kilowatt max charging (adds 160 miles of range in 25 minutes)
Federal Tax Credit: In August of 2022, the new revisions to the EV tax credit took away this incentive from the Polestar 2. See full details here. State incentives may apply.
Did You Know? The Polestar 2 is the closest competitor in terms of size, price and specs to the Model 3 rear-wheel drive.
2023 Kia EV6 (base trim)
If you can go without the bells and whistles, a lower-trim EV6 brings ultra-fast charging and longer range to buyers willing to get close to $50,000.
Price: $41,400 – $56,400; Light and Wind trims are most likely to fall under $50k.
Range: 232 – 310 miles
Charging Speed: 235 kilowatt max at a DC fast charger (adds 200 miles of range in about 18 minutes)
Federal Tax Credit: In August of 2022, the new revisions to the EV tax credit took away this incentive from the EV6. See full details here. State incentives may apply.
Did You Know? The Kia EV6 is based on the same e-GMP electric platform as the Hyundai IONIQ 5. If the looks of the EV6 are too much for you, maybe the IONIQ 5 is up your alley. The EV6 comes with 1,000 kilowatt-hours of free charging at Electrify America. That’s about 15 charging sessions from 10% to 80%.
If you’re thinking about hauling the kids off to school with zero emissions, today’s EVs offer more range, faster charging and greater fuel savings. The best electric cars and SUVs for families are available in a wide range of options to meet your needs, and an even wider range of price points. These are the best electric crossovers and SUVs on sale in 2023, and the ones we’re looking forward to in 2024.
Electric Crossover SUVs for Families
These electric crossover SUVs and full-size SUVs are the highest-rated, most-loved EVs for families today. Spaciousness, pricing, range and charging speeds vary from one electric model to another. We’ve also included NHTSA safety ratings if they’re available. Let us know which EVs you have your eye on!
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The Model Y is the best-selling electric vehicle in America, however prices have increased over 20% since 2020. Although it’s known for autonomous driving, the full capability (known as FSD) is a $15,000 package.
Price: $65,990 to $84,990
Range: 303 to 330 miles
Charging (Public fast charger): can add 200 miles in 15 minutes
I can confidently say that the IONIQ 5 is a great family car, and that’s because my wife and I haul our own kiddo around in this segment-bending electric crossover with hot hatch flavors. The IONIQ 5 has won many awards, including Car and Driver’s 2022 EV of the Year.
Price: $40,925 to $57,400+
Range: 256 to 303 miles
Charging (Public fast charger): Adds 200 to 240 miles of range in 20 minutes
The spaceship-styled EV6 is Kia’s version of the Hyundai IONIQ 5, which shares the e-GMP electric powertrain. The Kia EV6 has slightly less passenger and cargo space than the Hyundai, but it’s better range and equally fast charging make it an obvious feature on this list of best electric cars for families.
Price: $41,400 to $55,000+
Range: 274 to 310 miles
Charging (Public fast charger): Adds 200 to 240 miles of range in 20 minutes
Starting in late 2022, the ID.4 is now made in Tennessee. The newest American-made EV is equipped with decent range, okay charging, and a comfortable interior that’s designed for families. However, don’t expect Tesla-level infotainment. The ID.4 is best for those who are content with the simpler things in life.
Price: $38,790 to $55,000
Range: 208 to 275 miles
Charging (Public fast charger): Adds up to 190 miles of range in 30 minutes
When the e-tron first debuted in 2019, it was ahead of its time. Today, the e-tron remains a solid choice for families with a large interior, acceptable range and average charging capabilities. The premium styling and interior comforts make up for what it might lack. The original larger e-tron has recently been joined by the Q4 e-tron crossover.
Price: $53,000 to $94,000
Range: 218 to 244 miles
Charging (Public fast charger): can add 135 miles in 35 minutes
Where are all of the suburban-sized electric SUVs at? Unfortunately for larger families, large SUVs and minivans are not very aerodynamic, and therefore require larger battery packs to travel the same number of miles. As traditional and startup automakers ramp up their EV production, they’re increasingly left with no choice but to ration their batteries. The vast majority of EV automakers rely on battery manufacturers like Panasonic, LG and CATL to produce the batteries they need for their electric vehicles. If an automaker like Ford has signed supply contracts for X number of batteries, does it make sense for them to make 100,000 compact crossovers, or 20,000 full-size SUVs?
However, it looks like electric full-size SUVs are coming due to popular demand. There are just two quite expensive options now, but others are nearing production soon.
If you’re open to plug-in hybrids, the Chrysler Pacifica PHEV is a great vehicle, if you can find one at a fair price.
Tesla Model X
It’s not cheap, but the Model X is the most popular fully-electric three-row SUV today. With gull-wing doors and a massive glass roof, there’s no hiding the fact that the Tesla Model X is a luxury SUV.
Price: $120,990 to $150,000+
Range: 351 miles
Charging (Public fast charger): can add 200 miles in 15 minutes
This three-row SUV has a starting price nearly $30,000 below the electric competition in this segment. VinFast is building a massive factory to build EVs in North Carolina. There’s a catch: Batteries are sold separately. VinFast offers two battery subscription plans. The VF9 also has a smaller sibling, the VF8.
The Hyundai IONIQ 7 will be Hyundai’s first three-row electric SUV. It will be joined by Kia’s version, the Kia EV9 electric SUV. Both of these should bring somewhat more affordable electric full-size SUVs to the American market. The IONIQ 7 and EV9 remain concept cars for now, with production details to be released this year.
NIO is a Chinese automaker very likely on a path to North American auto sales. With a corporate headquarters already open in California and US-market job postings, it’s all but certain. The NIO ES8 is a three-row electric SUV likely to make an American debut in 2024.
Electric Crossovers That Didn’t Make the List
These EVs are great around town, but not recommended for family road trips.
With disappointing fast-charging capabilities, the bZ4X would be a real hassle on a road trip. The most capable all-wheel drive variant is rated at just 228 miles on a charge. That would be a non-issue if it wasn’t restricted to 100 kW at a DC fast charger. In the real world, the bZ4X and its sibling the Subaru Solterra would require 45 minute to hour-long charging stops every 175 miles or so on the interstate. That’s a lot of waiting around with a family!
The Solterra is the Subaru-branded sibling to the Toyota bZ4X. It’s essentially an electric Crosstrek. While standard all-wheel drive stays true to its Subaru roots, once again it’s the pitifully outdated charging capabilities that keep the Solterra off of our recommendations. Range is below average at 222 to 228 miles of range. It could be worth a look if you never hit the highway. Learn more about the Subaru Solterra.
You’re probably starting to see what makes or breaks an EVs suitability for families. Range, safety, interior room and charging speed are all important. If you travel, range and charging speed matter a lot. If you plan to stick around home, you have many more affordable electric vehicles to consider. The Bolt really only fails in one of these categories, but it fails in a big way. The 2023 Chevrolet Bolt has the same 55 kW DC fast charging limitation as the original Bolt did way back in 2017. With 259 miles of range (that’s not bad!), that means you’d be stopping to charge for 45 minutes to an hour every 180 to 200 miles on a road trip. About 90% of EV charging is done at home on average, but the Bolt requires a lot of patience on road trips. We covered the 2023 Chevy Bolt in detail here.
The Leaf was the first mainstream EV to go on sale in North America. It’s been a much-appreciated affordable option since 2011, but Nissan has failed to update the Leaf as competitors entered the scene. A top-of-the-line 2023 Nissan Leaf is rated for 212 miles on a charge, but the peak charging speed is outdated. In a best case scenario, it takes 40 minutes to add 175 miles of range. Plus, the Leaf has an outdated charge port style known as CHAdeMO. You’ll have to haul an adapter around with you to charge in public.
Will Electric Vehicles Get Cheaper in 2023?
It would be a welcome surprise if electric car prices dropped in 2023. Right now, EV prices are headed in the opposite direction. It seems like every week automakers from Tesla to Ford are announcing price increases for their electric models. In 2022, the average transaction price for an electric vehicle was $66,000, more than $11,000 higher than traditional vehicles. Fuel savings add up, but higher prices can bite into fuel and maintenance savings for years. See break even times for today’s most popular EVs.
Simply put, the more you drive, the quicker you will reach a break-even point with your EV purchase. If you drive less than 10,000 miles per year, going electric just doesn’t make sense right now when it comes to cost. However, it sure is great eliminating tailpipe emissions.
A new analysis by iSeeCars finds that used electric car prices are rising much faster than their combustion counterparts. The report finds that EV prices are up 54% year-over-year. ICE vehicles were up 10.1% during that same period. There are more signs that used car prices are beginning to drop, but it’s within the realm of possibility that EV and PHEV prices will remain elevated even as the overall used car market softens. People are scrambling to buy EVs, and demand continues to exceed supply.
The New EV Tax Credit Helps Some, But Not All
The Inflation Reduction Act of 2022 eliminated the original EV tax credit and replaced it with a completely revised tax credit. For vehicles that qualify, up to $7,500 in tax credits are available. However, the incentive is based on battery sourcing, which will be determined by the automakers. Income limits restrict buyer eligibility, too. See the full details on qualifying models here.
There’s also a used EV tax credit for the first time, but a price cap of $25,000 eliminates every single family EV on this list. See what does qualify.
As drivers warm up to the idea of going electric, every electric vehicle recall is sure to turn heads, regardless of severity. 2022 is a huge year for automakers unveiling their next generation of electric vehicles. With over half a trillion dollars invested in EVs, there’s a lot riding on the success of these new arrivals. Several electric vehicle models have already been subjected to recalls. Fortunately, most of them do not directly involve electric powertrains. These are the EVs facing recalls in 2022. We’ll update this page as future recalls are inevitably announced.
October 2022 – Rivian recalled every vehicle it has produced, including all R1T electric trucks, R1S electric SUVs, and EDVs produced for Amazon. The vehicles were recalled because of concerns that a bolt in steering assemblies wasn’t sufficiently tightened.
No accidents have been reported, but the recall is still causing massive headaches for the young automaker. The recall fix is already available, it’s as simple as tightening a (very important) screw. However, the challenge lies in the limited locations of Rivian Service Centers. For example, the state of Texas has one service center in Houston. There are just 5 Rivian service centers on the entire East Coast. Most locations are in California. See the full list of locations.
Fortunately, Rivian has mobile service technicians, but they’ll surely have their hands full. See additional details on the Rivian recall here.
Toyota bZ4X and Subaru Solterra Recalls
June 23, 2022 – The Toyota bZ4x and Subaru Solterra are EV siblings co-developed by the two Japanese automakers. Just a month into deliveries, the two models have been recalled globally due to an issue with their wheel hub bolts that could in fact cause the wheels to fall off. Fortunately, the issue does not involve Toyota and Subaru’s brand-new electric powertrain.
The US National Highway Traffic Safety Administration (NHTSA) recall notice warns owners not to drive their vehicles until they are repaired. This isn’t a good look considering the significance of Toyota’s first all-electric vehicle. A bZ4X and Solterra recall remedy is currently under development according to the US NHTSA.
“The cause of the issue and the driving patterns under which this issue could occur are still under investigation,” the notice says.
June 27, 2022 – The electric F-150 Lightning is the most-anticipated new model making a debut this year. Ford Motor is recalling 2,906 F-150 Lightnings because of a software issue that could result in a failure to provide low tire pressure warnings. The 200,000 F-150 Lightning reservation holders are certainly relieved to find that this recall is not related to Ford’s all-new electric powertrain.
In this particular recall, simple human error is at fault. Ford says that the recommended tire cold inflation pressure was incorrectly set to 35 psi instead of 42 psi. No accidents have resulted from this F-150 Lightning recall, but it’s the fix that’s noteworthy. The recall gives Ford a publicized opportunity to show the world that the F-150 Lightning is OTA capable. Over-the-air updates, first implemented on a large scale by Tesla, are no easy feat. Plenty of automakers can update navigation and infotainment via OTA update, but few are capable of firmware OTA updates that tinker with the powertrain.
F-150 Lightning Recall Fix: Those who wish to receive the recall fix immediately may head to a Ford dealership service center immediately. Otherwise, Ford says the over-the-air update will be available to download via home WiFi within a few weeks. Check to see if your F-150 Lighting VIN number is impacted by the recall at Ford’s official recall page.
Hyundai IONIQ 5 and Kia EV6 Recalls
May 13, 2022 – As an IONIQ 5 owner myself, I was not thrilled to see the first manufacturer recall coming in one month into ownership. The US National Highway Traffic Safety Administration (NHTSA), Hyundai and Kia have announced a recall for select VIN numbers of the 2022 model year Hyundai IONIQ 5 and Kia EV6.
The IONIQ 5 and EV6 share Hyundai Motor Group’s new e-GMP electric platform. The recall is for the potential for disruptions to the vehicle’s parking actuator system when the vehicle is off. Sudden voltage fluctuations may occur while the vehicle is off, potentially causing the parked vehicle to disengage from ‘Park’ momentarily. If this occurs while the vehicle is parked on uneven terrain, vehicle rollaway is possible.
IONIQ 5 and EV6 recall fix: A fix is already available, but you’ll have to visit your Hyundai or Kia dealership service center. I just got the recall fix done at my local Hyundai dealer. They had never seen an IONIQ 5 before, and one employee asked if I was coming in for an oil change. Nevertheless, I was in and out of the dealership in about 30 minutes.
June 14, 2022 – Ford is recalling all 50,000 Mustang Mach-E electric crossovers because of the risk of power loss. The possible power loss could occur while the vehicle is in motion or parked.
The recall is due to problems with the Mustang Mach-E’s battery contactor, which is a switch that determines which vehicle components the battery sends power to. Interestingly, the power loss is more likely to occur when putting the pedal to the metal for maximum acceleration, according to Ford. If power loss occurs, a powertrain malfunction warning light will illuminate on the dashboard, and the vehicle will display “Stop Safely Now’ in the gauge cluster behind the steering wheel. Clearly, it’s time to pull over immediately with a message like that.
Ford Mustang Mach-E recall fix: Ford has pursued Tesla in more ways than one. In addition to ending EV lease buyouts and going for direct-to-consumer sales via Ford Model e, Ford has brought over-the-air updates to its lineup. Ford says that Mustang Mach-E owners will receive an over-the-air update sometime in July to install a software remedy for the recall. Until then, a stop-sale is in place.
Several hundred automotive recalls happen every year across vehicle classes and powertrains. There will surely be more to come. What we’ll be keeping an eye on is how the latest electric powertrains are performing. Luckily, most of the EV recalls to date have been for components other than the electric powertrain. However, we all remember how the Chevrolet Bolt recall and fire hazard tarnished GM’s reputation. Check back for the latest updates!
You want to go electric, but dread the thought of waiting around the charging station for 45 minutes to an hour. While most electric vehicle charging is done at home overnight (for pennies on the dollar), the occasional road trip necessitates visits to public fast charging stations. Also known as ‘level 3’ DC fast chargers, the amount of time spent charging here varies widely from one electric vehicle model to another.
These are the fastest charging electric vehicles on the market today. Plus, we’ll take a sneak peek at a few EVs that are just around the corner.
*Note: Charge times are reflected as 10% to 80% because in all EVs, charging speeds slow significantly beyond 80% state of charge as the battery management system (the car’s computer) balances out the energy distribution at the ‘top of the pack’. In many cases, it may take the same amount of time to charge from 10% to 80% as it does to charge from 80% to 100%.
Outside of warranty, electric car battery replacement costs range from $2,000 – $8,000 in a hybrid or plug-in hybrid all the way to $12,000 – $20,000 in a fully-electric vehicle. It’s true that batteries should be much more affordable a decade from now, but that’s a lot of money on the line. To protect your wallet, EV manufacturer warranties should be a top consideration for drivers looking to go electric.
Federal law requires automakers to warranty EV and hybrid batteries for at least eight years or 100,000 miles. California requires a 10-year, 150,000-mile warranty on EV and hybrid batteries. Still, EV battery warranties vary considerably, especially when it comes to degradation.
These are the best electric vehicle warranties in 2022. The top of the list was unexpected to say the least!
The Best EV Battery Warranty
Rivian (8 years or 175,000 miles)
Surprise! The best EV warranty is offered by Rivian for the all-new R1T electric truck and R1S electric SUV. Coverage includes all components inside the high-voltage battery and 70% or more of the battery capacity for 8 years or 175,000 miles, whichever comes first.
Drivetrain components are also covered for 8 years or 175,000 miles. It can be unnerving to purchase a vehicle from a startup like Rivian, so at least they’re offering the best battery warranty there is. Learn more about Rivian’s warranty here.
Tesla Battery Warranty
Tesla’s electric powertrain warranty is split into two tiers.
The Tesla Model S (starting at $99,990) and Tesla Model X (starting at $114,990) have 8 year or 150,000 mile electric powertrain warranties. Battery capacity retention is guaranteed to be at least 70% under warranty.
The Tesla Model 3 Long Range and Performance and all Tesla Model Y’s get an 8 year or 120,000 mile powertrain warranty.
The most affordable Tesla today is the Model 3 Rear-Wheel Drive, which gets an 8 year or 100,000 mile powertrain warranty.
The Best Battery Warranty For Affordable Electric Cars
Hyundai and Kia (10 years or 100,000 miles)
For electric cars under $65,000, you can’t beat Hyundai and Kia’s 10 year/100,000 mile EV warranty. The Hyundai EV warranty covers batteries, motors and powertrain components. There’s also the guarantee of at least 70% battery capacity retention. “While all electric-car batteries will experience degradation over time, ours will not degrade more than 70 percent of the original capacity during the warranty period.”
Hyundai’s warranty was a big consideration when I decided to purchase a 2022 Hyundai IONIQ 5 for my family. Learn more about the IONIQ 5, and the ups and downs of my own EV shopping experience.
Learn more about Hyundai’s electric vehicle battery warranty. You can find Kia’s EV warranty details here.
The Rest of the Gang: 8 year/100,000 Mile Battery and Powertrain Warranty
In 2022, it looks like the industry standard for EV manufacturer warranties is 8 years or 100,000 miles, whichever comes first. This manufacturer warranty applies to the following electric vehicles in 2022:
Ford Mustang Mach-E (70% battery capacity retention guarantee) see the details
Ford F-150 Lightning (70% battery capacity retention guarantee) see the details
I’m surprised that GM is continuing to settle for last considering their much-publicized push to electrify their entire lineup quickly. The Chevrolet Bolt and GMC Hummer EV have 8 year/100,000 mile battery warranties with a notable catch. The battery retention portion of the warranty will replace the battery if it falls below 60% of the original capacity under coverage. See the full details here.