The Best New EVs You Can Buy For Under $40,000

The Best New EVs You Can Buy For Under $40,000


June 19, 2026 | Sasha Wren

The Best New EVs You Can Buy For Under $40,000


Electric Cars Reach More Buyers

Electric vehicles have become far more accessible than they were just a few years ago. While luxury EVs still dominate headlines, many manufacturers now offer electric cars and crossovers at prices comparable to conventional vehicles. Here are 22 of the most affordable EVs expected to be available in North America for the 2026 model year.

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Nissan Leaf

The redesigned Nissan Leaf remains one of the most affordable EVs on the market. For 2026, Nissan transformed the longtime hatchback into a more crossover-like vehicle while improving range and technology. With pricing starting around $30,000, it offers impressive value for budget-conscious buyers. Approximate starting Manufacturer’s Suggested Retail Price (MSRP): $29,990–$31,535.

Nissan_Leaf_(ZE2) at Auto Zuerich 2025Alexander Migl, Wikimedia Commons

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Fiat 500e

The compact Fiat 500e continues to appeal to drivers who want an affordable electric vehicle primarily for city use. Its small footprint makes parking easy, while its distinctive Italian styling helps it stand out from many of the more conventional-looking EVs currently available. Approximate starting MSRP: $32,500–$34,000.

Fiat 500eFiat 500e, Wikimedia Commons

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Hyundai Kona Electric

The Hyundai Kona Electric has become one of the most popular affordable electric crossovers. Buyers benefit from respectable driving range, modern technology, and practical cargo space. Hyundai's continued focus on value helps the Kona remain a strong entry point into EV ownership. Approximate starting MSRP: $34,500.

Abyss Black Pearl Hyundai Kona Electric SX2 EV SUV at Seoul Mobility Show 2023.Damian B Oh, Wikimedia Commons

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Subaru Uncharted

Subaru's all-new Uncharted enters the electric vehicle market as one of the brand's most affordable EV offerings. Compact dimensions, competitive range estimates, and Subaru's reputation for practicality could make it attractive to shoppers seeking something different from mainstream electric crossovers. Approximate starting MSRP: $36,445.

Subaru_Uncharted at Auto Zuerich 2025Alexander Migl, Wikimedia Commons

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Toyota bZ

Toyota simplified the name of its electric crossover by dropping the '4X' designation. The Toyota bZ offers improved range, updated styling, and enhanced charging capabilities. Its relatively affordable pricing helps make Toyota's growing EV lineup more accessible to mainstream consumers. Approximate starting MSRP: $37,000.

2026_Toyota_bZ4X in FilderstadtAlexander Migl, Wikimedia Commons

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Subaru Solterra

The Subaru Solterra continues to evolve as Subaru refines its electric offerings. Sharing much of its underlying engineering with Toyota's bZ, the Solterra provides standard all-wheel drive and a practical crossover layout that appeals to buyers in colder climates. Approximate starting MSRP: $38,000–$39,000.

2026_Subaru_Solterra at Auto Zuerich 2025Alexander Migl, Wikimedia Commons

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Kia EV4

The all-new Kia EV4 represents Kia's effort to bring affordable electric transportation to a wider audience. Positioned below some of the company's larger EVs, it combines modern styling, practical range, and competitive pricing that should appeal to first-time EV buyers. Approximate starting MSRP: $39,000.

Kia EV4 GT-Line at Automesse Ludwigsburg 2025Alexander Migl, Wikimedia Commons

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Tesla Model 3

The Tesla Model 3 remains one of the most recognizable electric vehicles in the world. Although no longer the cheapest EV available, its combination of performance, range, technology, and access to Tesla's charging network continues to make it a compelling value proposition. Approximate starting MSRP: $42,500.

Front side of a Tesla Model 3. The vehicle is not officially available in the Philippines as of October 2019.Ominae, Wikimedia Commons

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Volvo EX30

Volvo designed the EX30 to attract buyers seeking a premium electric vehicle without a premium-level price tag. Despite its relatively compact size, it offers many of the safety and technology features that have long been associated with the Volvo brand. Approximate starting MSRP: $44,000.

Volvo EX30JustAnotherCarDesigner, Wikimedia Commons

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Ford Mustang Mach-E

The Ford Mustang Mach-E helped establish Ford as a major player in the electric vehicle market. Entry-level trims remain surprisingly attainable, giving buyers access to strong performance, modern technology, and crossover practicality without venturing into luxury-EV pricing territory. Approximate starting MSRP: $44,995.

2020 Ford Mustang Mach-E taken at the 2020 London Classic Car Show, Olympia LondonChelsea Jay, Wikimedia Commons

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Kia Niro EV

The Kia Niro EV remains one of the most sensible choices for buyers entering the electric vehicle market. It prioritizes efficiency, practicality, and everyday usability while maintaining a competitive price that places it within reach of many mainstream consumers. Approximate starting MSRP: $45,500.

Kia Niro EV (SG2)Benespit, Wikimedia Commons

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Chevrolet Equinox EV

Chevrolet's Equinox EV has quickly earned a reputation as one of the best values in the EV segment. Its combination of generous driving range, roomy interior, and approachable pricing makes it one of the strongest contenders among affordable electric crossovers. Approximate starting MSRP: $46,000.

A 2025 Chevrolet Equinox EV photographed in Islip, New York, USAKevauto, Wikimedia Commons

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Toyota C-HR

Toyota's electric C-HR offers sportier styling than many competing crossovers. With competitive range estimates and pricing that remains relatively affordable, it gives shoppers another option within Toyota's expanding lineup of battery-powered vehicles. Approximate starting MSRP: $46,000–$47,000.

Toyota C-HR hybrid II GR Sport in FilderstadtAlexander-93, Wikimedia Commons

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Volkswagen ID.4

The Volkswagen ID.4 blends European design with crossover practicality. Its spacious cabin and comfortable driving experience have helped make it one of Volkswagen's most important electric vehicles as the company continues its transition toward electrification. Approximate starting MSRP: $46,500–$48,000.

2025 Volkswagen ID4 Pro at Bondi Beach, New South Wales.LuvsMG481, Wikimedia Commons

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Nissan Ariya

The Nissan Ariya occupies a slightly more upscale position than the Leaf while remaining relatively affordable compared to many premium EVs. Buyers can choose from multiple battery and drivetrain configurations, allowing greater flexibility when selecting a model. Approximate starting MSRP: $47,000–$48,000.

Nissan Ariya B9 e-4ORCE (Japan-spec model).Raum 7597, Wikimedia Commons

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Hyundai Ioniq 6

The sleek Hyundai Ioniq 6 stands apart from the growing crowd of electric SUVs and crossovers. Its aerodynamic shape contributes to excellent efficiency, while its sedan layout appeals to drivers who still prefer traditional passenger-car proportions. Approximate starting MSRP: $47,000–$49,000.

Performance Blue Pearl Hyundai IONIQ 6 N CE1 N Electric sedan at Hyundai Motorstudio Goyang.Damian B Oh, Wikimedia Commons

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Hyundai Ioniq 5

The retro-inspired styling of the Hyundai Ioniq 5 has helped it become one of the most recognizable EVs available today. Fast charging capabilities, generous interior space, and strong range figures continue to make it popular among EV shoppers. Approximate starting MSRP: $48,000–$50,000.

Atlas White Matte Hyundai IONIQ 5 Long Range Prestige NE1 PE Electric SUV at Hyundai Motorstudio Goyang.Damian B Oh, Wikimedia Commons

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Kia EV6

The Kia EV6 combines sporty styling with impressive charging speeds and performance. Although it costs more than Kia's smaller electric offerings, it remains competitively priced when compared with similarly equipped electric vehicles from competing manufacturers. Approximate starting MSRP: $49,000–$50,000.

Kia EV6 (2024–) at Autofrühling Ulm 2025Alexander Migl, Wikimedia Commons

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Mini Countryman Electric

The Mini Countryman Electric delivers the brand's signature styling in an all-electric package. Buyers looking for something distinctive will appreciate its unique design, compact dimensions, and premium features, even if it costs somewhat more than mainstream competitors. Approximate starting MSRP: $49,000–$51,000.

Mini Countryman Electric All4 charging at a public Level 2 station in La Uruca, San José, Costa RicaMariordo (Mario Roberto Duran Ortiz), Wikimedia Commons

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Chevrolet Blazer EV

The Chevrolet Blazer EV provides additional space and performance compared to the smaller Equinox EV. Its bold styling and variety of available trims allow buyers to select a configuration that balances affordability, practicality, and driving enjoyment. Approximate starting MSRP: $50,000–$52,000.

Production: 2023 - 
Engine: Permanent magnet motor (electric)
Power: 288 PS
Gearbox: single speed automatic

Layout: dual motor, all wheel driveCharles from Port Chester, New York, Wikimedia Commons

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Rivian R2

Rivian developed the R2 to bring its adventure-focused brand to a broader audience. Expected to cost significantly less than the company's larger vehicles, the R2 could become one of the most closely watched electric vehicle launches of the coming years. Expected starting MSRP: approximately $45,000+.

Rivian R2 in Launch Green parked outside Rivian Space in Stanford Shopping Center in Palo Alto, CALcaa9, Wikimedia Commons

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Polestar 2

The Polestar 2 rounds out this list as one of the more affordable premium EVs available. Its Scandinavian-inspired design, strong performance, and high-quality interior help justify its higher price while still undercutting many luxury electric competitors. Approximate starting MSRP: $51,000–$53,000.

Polestar_2 in Stuttgart-VaihingenAlexander Migl, Wikimedia Commons

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Sources: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10


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