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The 9 Cheapest EVs on the Market in 2022

Year-over-year improvements in vehicle technology hope to make EVs more affordable.

Jake Hertz

October 11, 2022

9 Slides

The electric vehicle (EV) has been the biggest revolution in the automotive industry in recent memory. Still, while the hype and excitement for electric vehicles are undeniable, adoption rates are lower than most would hope for. In the opinion of many, one of the most significant barriers to entry for consumers is the cost of electric vehicles compared to a traditional internal combustion engine-based vehicle.

Generally, as the underlying technology advances and more players enter the market, the price of an electric vehicle is expected to drop. However, economic forces including supply-chain shortages and inflation are challenging that narrative. A recent report from Kelley Blue Book indicates that the cost of electric vehicles has increased 13% from last year to an average value of $66,000, up from $59,326 in 2021.

Regardless, inexpensive EVs still exist on the market, if you know where to look. Here are the nine most affordable electric vehicles on the market today.

This list is based on the listed MSRP of baseline offerings of the newest offerings from each manufacturer. It does not account for discounts such as tax incentives.

About the Author(s)

Jake Hertz

Jake Hertz is an Electrical Engineer, Technical Writer, and Public Relations Specialist. After he received his M.S. and B.S. in Electrical and Computer Engineering from the University of Rochester, he spent three years working as an Electrical Engineer at MakerBot Industries. 

As a writer, Jake is well known for his frequent contributions to various engineering websites, where he has garnered readership in the tens of thousands. Through his business, NanoHertz Solutions, Jake works with cutting-edge companies in the hardware and semiconductor space to build industry buzz and awareness through Public Relations and Technical Writing services.

As an engineer, Jake now works with numerous startups to help develop their hardware products. He is also a Co-Founder of Origin Labs, a NYC-based design firm for tech startups in the hardware space.

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