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Top 10 EV Values in Dollars per Mile

Spoiler: Tesla is not number one in EV value!

Dan Carney, Senior Editor

October 6, 2020

10 Slides
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Chevrolet/Kia/Hyundai

Electric vehicle (EV) manufacturers offer a wide variety of prices and potential driving range in their different models. The sticker price goes up with the size of the battery, so it can be challenging to tell whether it is a better deal to buy a cheaper car with a smaller battery and shorter driving range, or whether there is value is paying extra to drive further.

Not to worry, the people at VisualCapitalist.com have crunched the numbers for you, producing a list of EVs ranked by their miles of driving range per dollar of purchase price.

Porsche Taycan

Porsche Taycan EV

The tiny Fiat 500e is one of the cheapest EVs on the market, at $33,460, but it only goes 84 miles on a charge, so its dollars per mile is a high $398. But spending money isn’t a sure-fire way to get value either, as the most expensive EV on the market, the $187,610 Porsche Taycan Turbo S costs an eye-watering $977/mile.

Click through our slideshow to see which cars comprise the top ten in dollars per mile. Remember that many vehicles are available with more than one size battery, just as traditional combustion cars have been offered with smaller and larger optional engines to balance cost and efficiency. That is why you will see the same model mentioned more than once in this ranking.

Chevrolet Bolt EV

Chevrolet Bolt EV

About the Author

Dan Carney

Senior Editor, Design News

Dan’s coverage of the auto industry over three decades has taken him to the racetracks, automotive engineering centers, vehicle simulators, wind tunnels, and crash-test labs of the world.

A member of the North American Car, Truck, and Utility of the Year jury, Dan also contributes car reviews to Popular Science magazine, serves on the International Engine of the Year jury, and has judged the collegiate Formula SAE competition.

Dan is a winner of the International Motor Press Association's Ken Purdy Award for automotive writing, as well as the National Motorsports Press Association's award for magazine writing and the Washington Automotive Press Association's Golden Quill award.

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He has held a Sports Car Club of America racing license since 1991, is an SCCA National race winner, two-time SCCA Runoffs competitor in Formula F, and an Old Dominion Region Driver of the Year award winner. Co-drove a Ford Focus 1.0-liter EcoBoost to 16 Federation Internationale de l’Automobile-accredited world speed records over distances from just under 1km to over 4,104km at the CERAM test circuit in Mortefontaine, France.

He was also a longtime contributor to the Society of Automotive Engineers' Automotive Engineering International magazine.

He specializes in analyzing technical developments, particularly in the areas of motorsports, efficiency, and safety.

He has been published in The New York Times, NBC News, Motor Trend, Popular Mechanics, The Washington Post, Hagerty, AutoTrader.com, Maxim, RaceCar Engineering, AutoWeek, Virginia Living, and others.

Dan has authored books on the Honda S2000 and Dodge Viper sports cars and contributed automotive content to the consumer finance book, Fight For Your Money.

He is a member and past president of the Washington Automotive Press Association and is a member of the Society of Automotive Engineers

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