Electric vehicle buyers will have plenty to choose from in the coming years, with more than 100 EV models hitting showroom floors. New cars and trucks come in all shapes, sizes and price ranges, and here are some of the most affordable electric vehicles coming in 2023.
It is important to note that “affordable” is relative, and what is affordable to one person is not the same for another. That said, if most electric vehicles cost upwards of $65,000, and trucks like the Rivian R1T easily cost more than $80k or more, something like $40k is pretty affordable.
While the list below is certainly not every electric vehicle coming in 2023, it gives you a good idea of the options available over the next 12-18 months here in North America. We’ve rounded up a list of all-electric cars, trucks, and SUVs coming in 2023 that you might be able to afford.
There are a lot electric vehicles on the road. Our list will go in no particular order and we’ll start with the Hyundai IONIQ 6 EV. During the summer, Hyundai started teasing the all-new electric IONIQ 6 sedan, then unveiled the stylish and futuristic new vehicle in July. And while it will hit the European market before the end of the year, it won’t come to the US until 2023.
This car certainly has a unique look that won’t suit everyone, but looking at the specs and price tag might make you think otherwise. The Hyundai IONIQ 6 is the brand’s second electric car, has a unique ‘streamliner’ styling, yet offers some of the best range in its class, with a range of almost 382 miles on a charge with the larger Long Range 77.4 kWh battery.
It uses Hyundai’s 800V E-GMP platform, which also powers Kia and Genesis EVs, and the most affordable model should offer about 280 miles per charge and sell for an estimated $44,000. The company has yet to confirm prices, but Hyundai is often cheaper than much of the competition.
Chevy Equinox EV (and the Blazer EV)
Chevrolet has big plans for the highly popular Equinox and Blazer vehicles that move to electric. The cheapest of the two, the Chevy Equinox has a futuristic design and chic interior, along with a few traditional crossover design elements. The base model should be able to drive about 250 kilometers. While Chevrolet will have several equipment options available, the LT1 should start at around $30,000, making it one of the most affordable EVs, not counting federal tax breaks.
We expect the more expensive RS2 trim to hit the streets first, though, so keep that in mind when it debuts around Summer or Fall 2023. Anyway, Chevy is betting big on the Equinox EV, and we’ll learn more next year.
Chevrolet will also launch its exciting new Blazer EV in 2023. The Chevy Blazer EV will come with three different battery sizes with a range of between 247 miles and 320 miles per charge. You can choose front, rear or AWD, enjoy a 17-inch infotainment display and 11-inch gauge cluster screen, and get between 250-320 miles on a charge.
The bow tie brand confirmed that its new Blazer EV will go on sale in 2023, starting at $45,000.
Jeep debuted its first all-electric vehicle in September and will be available sometime in 2023. The new electrified Jeep Avenger SUV is a compact but capable vehicle, even if it’s front-wheel drive only, and should cover about 249 miles on a single charge.
According to Jeep, the Avenger will have a lot to offer in a small package. It runs on a 400-volt electrical drive system and those using a 100kW DC fast charger will charge to 20-80% in less than 25 minutes. It is a robust SUV that fits under the Jeep Renegade.
Unfortunately, we’re not sure when (or if) it will ever come to the United States. That said, it will be available to European buyers in early 2023 for around EUR 30,000-40,000, meaning we could see a similar price of $30-40k in the US.
Chevy Silverado EV
According to GM, the Silverado EV was “designed from the ground up to drive circles around the competition”, and it will have to do just that given the lead Ford gained with its F-150 Lightning electric truck.
The Chevrolet Silverado EV is the next big release of electric trucks, and it will be a big deal for GM. The company claims it will go 400 miles per charge depending on the equipment, 4-wheel steering, two-way charging, more than 20,000 lbs tow and much more.
The Silverado EV made its official debut earlier this year, but won’t hit the streets until sometime in the spring of 2023. Unfortunately, the first model to appear will cost upwards of $100,000, but we expect a more affordable base Chevy Silverado EV to start at $40k by the summer or fall of 2023.
Even if we see price increases and more expensive trim starting at $50k, that’s still $30,000 less than the Rivian R1T electric truck.
The KIA EV9 is expected to be a stylish yet affordable 3-row electric SUV arriving in 2023. And while the photo above is a preview of the concept to be unveiled in 2021, be prepared for a more traditional-looking vehicle similar to the petrol-powered KIA Telluride SUV.
While we have seen some spyshots of the KIA EV9, we still don’t know much. The company hopes to release the first full-sized three-row SUV EV for those on a budget. Unfortunately, we don’t have any specs, an estimated range or a price tag. That said, it’s clear that KIA wants to offer an attractive vehicle to the masses and is reportedly aiming for a $55,000 price tag. However, don’t be surprised if early models or higher finishes exceed $70k.
Nissan plans to build on the success of its Leaf EV with the new 2023 Nissan Ariya. And while it was announced in 2020 for $47,125, it went on sale in 2022 for about $54,000. And while that’s not very affordable, it’s a decent price considering a lot of the competition.
The Nissan Ariya is sold out for the current year and reservations are closed. Most people won’t get a chance to buy one until 2023, which is why it made our list. The base model has an 87 kWh battery, an estimated 300 miles on a single charge, a stylish interior with nice tech and will likely stay north of $50k next year.
The Subaru Solterra and Toyota bZ4X has a similar overall design and they are both technically available to buy now. That said, stock is extremely limited and the Subaru Solterra will be hard to find until 2023.
The long-awaited 2023 Single starts at $44,995 and comes in three trim levels: Premium, Limited, and Touring. The Solterra comes standard with 8.3 inches of ground clearance, Subaru’s upgraded AWD system, stylish looks and a 71.4 kWh battery that can deliver nearly 329 miles per charge. Remember, the more expensive AWD model only gets about 286 miles per charge.
Still, the Subaru Solterra is an excellent compact EV that you’ll want to keep an eye on in 2023.
Another solid option for EV buyers is the new one 2023 KIA Niro EV, which comes as an all-electric vehicle or a plug-in hybrid variant. The second-generation Kia Niro EV has a base price of $40,745 (with destination charges), which is just a few hundred dollars more than the original. Unfortunately, this new model doesn’t qualify for the federal EV tax credit, but it’s still affordable.
Like the EV6, the KIA Niro is an excellent all-round package that gives you an EPA-estimated range of 253 miles. And while that’s not a ton, it’s not the most expensive EV on the market either. It is powered by a 201 horsepower front-wheel drive electric motor and each trim level has the same battery size. It will be available in all 50 states by the end of 2022, meaning you’ll have to look for it in early 2023.
Although you can already find the electric car from Volkswagen ID.4 on the road, the company has a new and improved US-built model that will be more affordable in 2023. In the summer, VW began production of its all-electric crossover in Chattanooga, Tennessee, and it will start at $37,495.
The US-built ID.4 has a slightly smaller battery to keep the price down, but the company managed to upgrade the interior, wheels and center console at the same time. It also has a faster 170 kW DC fast charge and the 62 kWh battery pack should get you about 208 miles per charge.
The new ID.4 is eligible for the $7,500 federal EV tax credit thanks to VW’s relocation of production to the US. Combine that with the low price; some could get this impressive crossover for just $29,995 before destination fee. That’s much more affordable than the original’s $41,000 price tag. This latest model barely shipped in October and will be widely available in early 2023.
Chevy Bolt EV/Nissan Leaf
Last but not least, we wanted to mention the Chevrolet Bolt EV and the Nissan Leaf. And while both vehicles have recently seen some changes in 2022 and for the 2023 model year, they remain the most affordable electric cars going forward.
Although technically, you can use the 2023 Chevy Bolt EV and Nissan Leaf at the moment, inventory is still a bit low as these are hands down the most affordable electric cars in the United States. With incentives, the Leaf can run you around $21,000.
The all-new electric 2023 Chevrolet Bolt EV starts at just $25,600 and goes about 260 miles per charge. It’s a budget-friendly electric car that you’ll definitely want to consider as you shop around.
While I wanted to keep this list for all-electric vehicles, there are several plug-in hybrid electric vehicles that are also available at relatively affordable prices. We’re talking about the Kia Sorento PHEV, the little Dodge Hornet R/T hybrid, and several others.
With a plug-in hybrid, you have an all-electric vehicle that only travels about 20-70 miles per charge and a gasoline engine to fall back on. And while they’re not “all-electric,” it’s a good way for new buyers to test-drive the electric water.
Either way, car buyers will have more options in 2023 than ever before.