EV cars for sale have a reputation for being more expensive than their combustion-powered counterparts, but a few factors can help shoppers find an affordable electric car. Some models are eligible for a federal $7,500 tax credit, while others cost less to operate due to cheaper battery fuel costs.

Several established automakers have slashed their EV production targets and downplayed interest in the technology, while pure-play EV makers plow ahead with expansion plans, launching new models and taking an ever-growing share of the market. Policy remains a huge variable, with an important US election, possible tax changes in China and a push for localized EV production in Europe and the US all on the horizon.

EV Cars for Sale: Exploring the Market Options

While many manufacturers are offering a wide range of electric vehicles, finding a truly affordable model can be difficult. That’s why many buyers are turning to used EVs. A 2023 Nissan Leaf can still be found for around $21,000, while the 13-year-old Chevy Volt is starting to feel a bit long in the tooth. Its recent requalification for a partial federal EV tax credit helps, but it’s also outclassed by its newer competitors.

Those looking to buy an EV for the first time should check out the latest entries from Tesla, Lucid Motors, and BMW. All three offer electric SUVs with an EPA-estimated driving range of 200 miles or more, and their batteries are protected by a warranty that lasts for eight years or 100,000 miles. (Note that some warranties may have mileage limits or other restrictions.) Shoppers should also take into account any optional features and upgrades, which could significantly increase the sticker price or reduce an EV’s efficiency.