Here Are All the 2023 Electric Vehicles for $40,000 to $50,000
The EV revolution continues with a wide array of styles and options.
Volkswagen
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No longer a rarity, electric vehicles are becoming commonplace in the U.S. And with a bumper crop of $40,000-$50,000 options, it's now relatively easy to make the move to all-electric driving.
Here's a roundup of all the choices new-car buyers have for EVs in that affordability bracket. Prices include destination fees and are before any applicable state or federal EV credits. All prices are accurate as of July 2023, and fuel economy ranges are based on EPA test estimates.
Ford
2023 Ford Mustang Mach-E: $46,000
Ford's revolutionary blend of crossover SUV and Mustang-inspired looks converge in this EV. The Ford Mustang Mach-E basic Select model, with a standard-range battery and rear-wheel drive, has an EPA-estimated range of 247 miles, and its 266 horsepower means it's able to hit 60 mph in 6.3 seconds.
Hyundai
2023 Hyundai Ioniq 5: $43,000
Like the Mustang Mach-E, Hyundai's sprightly Ioniq 5 EV comes in crossover form. The SE model offers 303 miles of range and 225 horsepower; an all-wheel-drive option cuts the range to 266 miles but boosts output to 320 horsepower.
Hyundai
2023 Hyundai Ioniq 6: $47,000
Complementing the Ioniq 5 crossover, Hyundai's newest EV, the Ioniq 6, is a sweeping sedan with style to spare. Its 149-hp SE Standard Range model is good for up to 240 miles. A more expensive variant stretches that to more than 360 miles.
Kia
2023 Kia EV6: $44,000
Somewhere between a five-occupant crossover and car, the striking EV6 is Kia's sporty EV. The rear-wheel-drive Light model is the least expensive, featuring a 232-mile range and 167 horsepower.
Kia
2023 Kia Niro EV: $42,000
Benefitting from a redesign for 2023, the Niro EV's range has been increased to 253 miles, up slightly from the previous 239-mile range. Both the Wind and Wave models sport 201 horsepower and front-wheel drive.
Nissan
2023 Nissan Ariya: $45,000
A step up from the Leaf, Nissan's bigger, crossover-styled EV provides 205 miles of range in its 214-hp Engage front-wheel-drive version. Other Ariya builds stretch that to 304 miles, with AWD available.
Polestar
2023 Polestar 2: $50,000
A slightly exotic reimagining of Volvo's C40 and XC40 electric vehicles, the Polestar 2's rear-wheel-drive Long Range Single Motor model comes with up to 320 miles of range and a 299-hp drivetrain.
Subaru
2023 Subaru Solterra: $47,000
A compact SUV with sleek looks, Subaru's debut EV comes standard with the automaker's X Mode AWD system. The Solterra Premium base model has a 72.8-kWh battery with a 228-mile range.
Tesla
2023 Tesla Model 3: $42,000
Your entry to the fabled world of Tesla technology is the Model 3, whose rear-wheel-drive version offers an estimated 272 miles of range and will do zero to 60 mph in 5.8 seconds. Tesla has dropped prices repeatedly in 2023 as well.
Toyota
2023 Toyota bZ4X: $44,000
As futuristic as its name sounds, the Toyota rendition of the Subaru Solterra can also be equipped with all-wheel drive. The bZ4x's 201-hp, front-wheel-drive XLE model features a 252-mile range.
Volkswagen
2023 Volkswagen ID.4: $41,000
Volkswagen's first entry into the EV world is a five-seat crossover with a wide range of trim levels; its most affordable, the rear-wheel-drive Standard model, has only 201 horsepower and a 209-mile range. Higher-output, longer-range, all-wheel-drive models are also available.
