Updated July 16, 2026

Best Electric Vehicles Under $40,000

These are the new, all-electric vehicles on sale in the USA with a starting MSRP under $40,000, ranked by EPA-estimated range. Prices shown are base MSRP before destination charges and before any federal or state EV incentives, which can bring the real cost down further.

15 models · ranked by EPA-estimated range

Range bar = EPA miles | Column color Strong Average Weak
# Vehicle Starting MSRP Range MPGe 0-60 HP Details
1 Tesla Model 3Standard $36,990
321 mi
138 5.8s 271 View ↗
2 Tesla Model YStandard RWD $39,990
321 mi
138 6s 283 View ↗
3 Chevrolet Equinox EVLT1 FWD $36,795
319 mi
108 7.7s 220 View ↗
4 Honda PrologueEX FWD $39,900
308 mi
104 6.5s 220 View ↗
5 Nissan LEAFS+ $29,990
303 mi
114 7.5s 214 View ↗
6 Subaru UnchartedPremium FWD $34,995
300 mi
110 6.5s 221 View ↗
7 Subaru SolterraPremium AWD $38,495
288 mi
120 6.5s 215 View ↗
8 Toyota C-HRSE AWD $38,450
287 mi
117 4.9s 338 View ↗
9 Chevrolet BoltLT $28,995
262 mi
120 6.8s 210 View ↗
10 Volvo EX30Single Motor Extended $38,950
261 mi
116 5.1s 272 View ↗
11 Ford Mustang Mach-ESelect RWD $37,795
260 mi
107 6.3s 266 View ↗
12 Kia Niro EVWind $39,990
253 mi
113 7.1s 201 View ↗
13 Hyundai Ioniq 5SE Standard Range $35,000
245 mi
115 8.5s 168 View ↗
14 Kia EV6Light SR RWD $37,900
237 mi
116 8.3s 167 View ↗
15 Toyota bZXLE FWD $34,900
236 mi
130 7.5s 168 View ↗

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