Top 10 Best Electric Vehicle Under $40,000 For 2023

Everybody is talking about electric cars nowadays, even if they don’t buy them now. There are a plethora of electric cars for almost every kind of budget, starting from just under $40,000. These EVs offer a sleek and modern design and deliver decent performance with incredible efficiency. They still cost more than gas-powered vehicles, but they won’t disappoint with the performance for the price. But it is the time when you can buy any good EV with its latest and greatest tech inside. These are the top 10 best EVs under $40k to buy in 2023.

10. Chevrolet Bolt EV – $25,600

2022-chevrolet-bolt-ev-in-blue-still-image
Autoguide

The 2023 Chevrolet Bolt EV features a modern design and offers sturdy and good driving. The Bolt EV packs a feature-rich and roomier cabin with almost all the ergonomics needed. The EV is good for both as a budget car and a good family hatchback, the Chevy Bolt EV offers a decent performance packed with a comfortable interior. The Bolt EV packs a single electric motor that makes 200 hp of power and offers a range of 259 miles.

Also read: 10 Used Electric Cars You Should Buy in 2023

9. Chevrolet Bolt EUV – $27,200

2023-chevrolet-bolt-euv-in-blue-still-image
CNET

The 2023 Chevrolet Bolt EUV packs a brilliantly-designed body and offers a good performance for the price. The EV offers a single electric motor that makes the same 200 hp as the standard Bolt EV. The Bolt EUV packs a 65.0-kWh battery and offers a range of 247 miles on a single charge. The car offers can accelerate from 0-60 mph in 6.8 seconds and starts under a good budget making it among the top best EVs under $40k to buy in 2023.

8. Chevrolet Leaf – $29,135

2020-nissan-leaf-electric-front-side-angle-21motoring
CNET

The Nissan Leaf features an awesome design that offers a good design and ample amount of performance. The Leaf EV provides decent comfort and joyful performance and is on par with ICE-powered cars. The compact hatch packs a spacious and comfortable cabin offering all the features you need for the money. The Nissan Leaf EV packs a single electric motor that makes 147 hp and delivers a good ride. The EV offers an impressive range of 200 miles on a single charge provided by its 40-kWh cell. 

Also read: Top 10 All-Wheel Drive Electric Cars For 2023

7. Mini Cooper SE – $34,225

2022-mini-cooper-electric-front-angle-21motoring
Autotrader

The Mini Cooper SE with its sleek design offers a fluent performance packed with great comfort. The British hatch offers a comfortable cabin packed with all the tech and most driver assistance features. The Mini Electric packs a single electric motor that makes 184 hp and delivers a range of 140 miles. The EV packs a 32 kWh cell that can juice up to 80% in just 36 minutes with the included 50 kW charger. The Mini Electric with an effortless ride with a good driving range making it among the top best EVs under $40k to buy in 2023.

6. Chevrolet Equinox EV – $33,000

2024-chevrolet-equinox-ev-side-profile-21motoring
CarPro

The upcoming 2024 Chevrolet Equinox EV features a stunning design and will offer a decent performance. The EV will offer a spacious and feature-rich cabin that will pack almost every bit of comfort inside. The Equinox EV will pack both a single and dual motor setup to deliver fast performance. The EV will offer over 300 miles of range on a single charge and come under a prize of around $33,000.

Also read: Top 10 Fast-Charging Cars For 2023

5. Mazda MX-30 – $34,695

2022-mazda-mx-30-front-side-angle-still
The Drive

The 2023 Mazda MX-30 is an SUV that delivers all of your needs from its good driving and modern design. The Mazda ticks all the boxes with its beautiful exterior design and offers great performance with plenty of comforts. The MX-30 comes with a single electric motor that makes 143 hp of power. The SUV packs a 30.0-kWh battery that can run the EV for up to 100 miles. The MX-30 can accelerate from 0-60 mph in 8.7 seconds and comes under budget making it among the top best EVs under $40k to buy in 2023.

4. Hyundai Kona Electric – $34,845

2022-hyundai-kona-electric-front-side-angle-21motoring
Bear World Magazine

The Hyundai Kona electric features a sleek design, and a feature-rich cabin, and offers a pleasant performance. The Kona EV packs a neatly-designed interior packed with comfortable seats and plenty of features. The EV offers a single electric motor that makes 201 hp of power and delivers a range of over 300 miles per charge. The Kona EV can charge from 10-80% in just 48 minutes and comes under a good budget making it among the top best EVs under $40k to buy in 2023.

Also read: Top Best EVs Under $35K To Buy In 2023

3. Kia Soul EV – $35,000

2022-kia-soul-ev-in-blue-standing
Kia

The Kia Soul EV is one of the best cars to buy when it comes to offering practicality and sweet performance under budget. The Soul electric packs a single electric motor that makes 201 hp and 294 lb-ft of torque with front-wheel drive. Soul EV can accelerate from 0-60 mph in just 7.6 seconds and can achieve a top speed of 104 mph. The Soul electric offers a driving range of 243 miles and also supports fast charging support.

2. Volkswagen ID.4 – $38,790

2023-volkswagen-id_4-side-three-quarters-still
Electrive

The Volkswagen ID.4 features a modern-day family-friendly exterior design and offers awesome performance. The car offers a practical and spacious cabin and offers plenty of tech and comfortable seats. The VW EV offers a dual motor setup that makes 295 horsepower with standard all-wheel drive. The ID.4 delivers up to 275 miles of range on a single charge and offers DC fast charging. The ID.4 delivers an impressive ride with lots of performance and agile drive.

Also read: Top 10 Fast-Charging Cars For 2023

1. Kia Niro EV – $39,450

2023-kia-niro-ev-still-image
Car Pixel

The 2023 Kia Niro EV features a stunning design and offers a sweet performance packed with fluid throttle delivery. Apart from a cool design, the EV offers a nicely-appointed cabin with plenty of space and offers loads of comfort. The Niro EV offers a single electric motor that makes 201 hp of power with a driving range of 239 miles. The Niro electric offers powerful performance with supreme driving making it among the top best EVs under $40k to buy in 2023.

Leave a Comment

Advertisements