Cheapest Electric Car Is... (Complicated) −



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Published on June 28th, 2015 | by Zach

11

Cheapest Electric Car Is… (Complicated)

June 28th, 2015 by
 

I noticed recently that a common search term these days is “cheapest electric car.” Realizing that I’ve never specifically answered that implied question, and that it’s actually quite complicated, I’ve decided that today is as good a day as any to do so.

One of the complications with answering this question has to do with location. Not all electric cars are available everywhere. Since the search term is in English, I’ll focus this article on a handful of English-speaking locations to try to be as useful as possible. (Though, I imagine searches for “el más barato del coche eléctrico” and “günstigste elektro-auto” and “goedkoopste elektrische auto” and “moins cher voiture électrique” and “billigste elbil” and “mais barato carro elétrico” are also common… assuming Google Translate works perfectly. Hopefully the info below is useful to anyone in non-English-speaking countries who happen to land here as well.)

There are also different types of “cars,” so there’s no real clear answer in some cases — it depends on how you define that term. Additionally, actual electric car availability makes a clear answer a bit hazy. So, I’m giving a few potential “cheapest electric car” options for each location.

USA

Renault Twizy Renault Twizy Back

If you count a two-seater (with one seat in the back and one in the front) with very limited extras as a car, and during the times when you can find one of these on eBay, the Renault Twizy is probably the cheapest electric car you can find anywhere in the United States. However, with a top speed of about 30 mph (45 km/h), my guess is that this “neighborhood electric vehicle” (which does have the fun feeling of a race car a bit) wouldn’t qualify as a “car” for many of you, so let’s move on.

electric smart car charging netherlands electric smart car


 

The next step up would be the Smart Electric Drive, but this is again a two-seater. Nonetheless, I think it fits the definition of a car, and its electronically limited top speed is an adequate 80 mph. If you don’t need an extra seat or two, this is probably your lowest-priced (new) electric car option. It sells for $19,900, or $12,400 after the US federal tax credit for EVs. However, you can reportedly get the purchase price much lower if you wish by renting the battery for $80/month instead of purchasing it with the car. To nail down what the purchase price would then be, it seems you have to get in touch with a local Smart Electric Drive dealer. For a bit more info, you can read my review of the Smart Electric Drive here — truth be told, though, I didn’t like it as much as the Renault Twizy. (Note: There’s also a convertible version of the Smart Electric Drive.)

2014-mitsubishi-i-miev-2 2014-mitsubishi-i-miev-1

Starting at $22,995 before the $7,500 US federal tax credit for EVs ($15,495 after it), the Mitsubishi i-MiEV is likely the cheapest “real car” in your area. It seats four people, can drive up to 130 km/h (81 mph), and, despite being quite basic, is (I think by all standards) a car. Just priced a few thousand above the Smart Electric Drive, if the extra 2 seats might be useful to you, the extra cash seems worth it.

chevy spark electric drive 2014-sparkev-model-overview-technology-cnt-well-1-648x316-03

Granted, the Mitsubishi i-MiEV isn’t available everywhere. If the i-MiEV isn’t available in your area, the next steps up would theoretically be the Chevy Spark EV, which retails starting at $25,995. However, this vehicle’s market is even more limited than the Mitsubishi i-MiEV’s, so my guess is that you can’t get it if you can’t get the i-MiEV.

Nissan Leafs Barcelona electric cars outselling plug in electric cars

If none of the vehicles above are available in your region (or don’t fit your description of a car), then the next cheapest electric car is the most widely available and historically highest selling electric car in the United States — the Nissan LEAF. The LEAF sells for $29,010 ($21,510 after the US federal tax credit), and it is a strong step up from the Twizy, Smart Electric Drive, and i-MiEV in terms of performance and design quality. Its interior is a level or two above these other vehicles. Compared to any gasoline car you can get for the same price, I think the Nissan LEAF is hands-down a much better option. But you can read my full Nissan LEAF review here for more information.

Canada

Like in the US, the Renault Twizy can sometimes be found on eBay in Canada. See the first paragraph under “USA” for some reasons why you might not consider it a “car,” though.

Again, the Smart Electric Drive would come next, and it is available in Canada (with a base price of $26,990), but as noted above, it is limited by the fact that it only seats two people. If you are looking for a car that seats at least four, you again have to step up to the Mitsubishi i-MiEV, which is also available across Canada and starts at $27,998, just a tad more than the Smart Electric Drive anyway.

Since I included it above and it is a big step up in quality from the other vehicles listed above, and because I was curious what its price is in Canada, I’m throwing the Nissan LEAF in here as well. Its MSRP in Canada is apparently $31,998.

No matter which car you choose, note that there are provincial incentives up to $8,500 in parts of Canada.

UK

Like in the US, the Renault Twizy can sometimes be found on eBay in the UK. See the first paragraph under “USA” for some reasons why you might not consider it a “car,” though. Your next choice is surely again the two-seat Smart Electric Drive (or “smart fortwo electric drive,” as it is called there), but I can’t actually find a UK base price for the vehicle online (drop us a note if you know of one).

The Mitsubishi i-MiEV (see above for more discussion) is seemingly the next step up when it comes to a straight purchase at £28,499. See car specs and other info for the UK here.

Renault Zoe 3 Renault Zoe black 4 renault zoe charger Renault Zoe Side

However, the Renault Zoe is available in the UK for a starting price of £13,445 + a minimum of £70/month for leasing of the battery if that system sounds fine to you. The Renault Zoe comes with a host of awards thanks to its comfortable interior, good performance, and overall good value for the money. If I lived in the UK and was on the market for a car, I think the Zoe would be a tough one to beat.

Of course, the Nissan LEAF is also available in the UK, is a top-selling electric car there, and comes in at just a slightly higher £16,490 + a minimum £70/month battery lease. If you’re on the market for an affordable electric car in the UK, good luck deciding between these two! And be happy that you have these great options.

Australia

In Australia, it seems the cheapest electric car on the market is very likely the Mitsubishi i-MiEV (see discussion above for more perspective on the car), but I’m not actually able to find a price for Australia online. Next (presuming it’s not cheaper than the i-MiEV in Australia) would be the Nissan LEAF, which retails for $39,990.

South Africa

In South Africa, there are very few electric car options, but the Nissan LEAF is there and seems to be the cheapest electric car option (price = R485,900).


Hopefully this rundown of the cheapest electric cars in a handful of English-speaking countries was helpful to you. Drop us a note if you have a suggestion for how to improve it.

 


 

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About the Author

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. Zach has long-term investments in TSLA, SCTY, FSLR, SPWR, SEDG, & ABB. After years of covering solar and EVs, he simply had a lot of faith in these companies and felt like they were good companies to invest in as a portion of his retirement strategy. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.



  • Offgridman

    Zach,
    If ‘cheapest’ is the concern in getting an EV people can also consider getting a 2-3 year old vehicle that has been returned from a lease. These usually are in very good shape, have been maintained by the dealer, and can be found with very low miles used on them.
    So far as I know, all of the manufacturer’s pass on the remainder of the warranty’s as to the number of miles or years of use. So you have time to make sure that there are no issues with the cars, or can get the dealer to resolve them at no cost if so.
    In the US too the prices will be discounted by the federal tax credit that was applied towards the original lease, which helps to make this the most economical way to get an EV if the range of the current models works for you.

    • Good point!

    • Epicurus

      Right. I was surprised how inexpensive used Nissan Leafs are. Example: $11,500 for a one owner (or lessee) 2013 Leaf SV with 19,246 miles on CarFax. For some reason they depreciate a lot, but that’s a good thing for buyers of used cars.

    • SparkEV

      SparkEV 39mo lease at $139/mo with 0 down=$5421 that includes 2 years maintenance. With CA rebate of $4000 for those making less than 3x poverty level make it less than $1500, or monthly payment of $36.44. What car is cheaper than this, gas or EV? Even $1500 used car needs maintenance and (lots of) repairs. Chevy had this deal since Apr. 15, 2015. Obviously, I jumped on it, but only with $2500 rebate.

      http://sparkev.blogspot.com/2015/09/why-sparkev-by-sparkev-blogspot.html

      • You got a sweet freakin’ deal. 😀

        • SparkEV

          I’m glad to get the deal. I was surprised the article didn’t mention SparkEV deals since article was in June when this deal was available. Back then, I think GM had $1000 rebate for buyers on top of subsides, making it $15,000 with DCFC option ($4000 CA subsidy wasn’t available then). So does SparkEV get the crown for Cheapest Electric Car? :p

          • Well, I think there are insane deals for the LEAF, i-MiEV, and others out there as well. 😀 I’m sticking with MSRP. Also, it’s hard to give the crown to the Spark EV since its availability is so limited.

          • SparkEV

            MSRP is good metric, but most people I know lease EV, and buyers tend to take full subsidy, so MSRP doesn’t reflect the real-world. As for lease, I’m not aware of any deal as good as SparkEV. I mean, $36.44/mo? Come on! And it’s a factory lease, not some one-off dealer deal. But yeah, if it’s not available or constantly sold out, it doesn’t matter if it’s cheap.

  • kamlesh gk

    Understand that India has a long way to go when it comes to EV’s.
    But we do use and speak English 🙂

    You guys should check out The Mahindra e2o, which i have been using for the past 2 years.
    Its got everything – Lithium Ion batteries, 100 km range, Smartphone connectivity, Touchscreen interface, Self aware features etc

    Yeah it cost me $10,500

    Cheapest?

    Read >>
    http://www.pluginindia.com/blogs/why-i-got-the-mahindra-e2o

  • neroden

    The cheapest electric cars are inevitably USED electric cars. It might be good to review those.

  • The reason that you can’t find an Australian price for the i-Miev is because it is not available here. It used to be but no longer. The cheapest is probably the Nissan Leaf but good luck in finding one.

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