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2026 is looking like a pretty good year for affordable electric vehicles. There's a new Nissan Leaf that starts at a hair under $30,000 (as long as you ignore the destination charge). We'll soon drive the reborn Chevrolet Bolt—with a new lithium iron phosphate battery, it also has a price tag starting with a two (again, ignoring the destination charge). And the closer you get to $40,000, the more your options expand: the Hyundai Ioniq 5, Chevy Equinox EV, Toyota bZ, Tesla Model 3, Ford Mustang Mach-E, and Subaru Solterra all fall within that price bracket, and some of those are pretty good cars.
But what if you only want to spend a fraction of that? Well, you won't be buying anything new, but then neither do three-quarters of American car buyers, and there's nothing wrong with that. A few weeks ago, we looked at what passes for the used EV bargain basement—ones that cost $5,000 or less. As long as you're OK with limited range and slow charging, going electric on a shoestring is possible. But if you're prepared to spend twice that, it turns out you've got plenty of options.
As before, we stress that you should have a reliable place to charge an EV if you're going to buy one, which means at home at night or at work during the day. At this price range, you're unlikely to find something that DC fast charges quickly, and relying on public AC charging sounds stressful. You'll probably find a car with some battery degradation, but for the vast majority of models that use active battery cooling, this should be minimal; about 2 percent a year appears to be the average.
