Comparing the Cheapest EVs in the US to Tesla’s New Budget Models
Tesla has recently introduced new budget-friendly versions of its popular electric vehicles, the Model Y and Model 3. These models were launched to address the limited options for affordable electric cars in the US market. The starting price for Tesla’s new offerings is $36,990, effectively lowering the cost by about $5,000. However, this reduction is marginal compared to the federal tax credit of $7,500, which ended in September.
Comparison to Other Affordable EVs in the US
The introduction of Tesla’s affordable models comes at a time when several automakers are striving to expand their electric offerings. Here is a comparison of Tesla’s budget models against the cheapest electric vehicles available in the United States.
Nissan Leaf
- Starting Price: $29,990
- Highlights: One of the first mass-market EVs; refresh launched earlier this year; most affordable option.
Chevy Equinox
- Starting Price: $35,100
- Highlights: Popular crossover SUV from General Motors; achieved record sales as a non-Tesla EV.
Fiat 500e
- Starting Price: $32,500
- Highlights: Compact electric city car; offers approximately 162 miles of range.
Hyundai Kona
- Starting Price: $32,975
- Highlights: Range of up to 261 miles; Hyundai’s most affordable electric SUV.
Toyota bZ
- Starting Price: $34,900
- Highlights: Toyota’s only all-electric model in the US; competes directly with Tesla’s Model Y.
Tesla’s new affordable variants aim to enhance its market position as competitors also push their budget-friendly models. This change may be crucial in overcoming barriers to electric vehicle adoption among consumers.
