Top 5 Electric Cars Under $40,000

Electric cars are fast becoming popular among car buyers because they are good for the environment and are easier and less expensive to maintain. They are also safer in comparison to gas-powered cars. Some governments also offer perks and subsidies to electric car buyers to encourage the general population to shift towards the option. In fact, electric car makers now come in sedan and SUV variants to offer consumers similar choices to gas-powered cars.
What to look for when you buy electric cars
If you have decided to invest in an electric car to contribute towards a cleaner environment, it is a welcome step, and you probably are joining thousands who are doing the same. However, it is still an investment, and you must buy a car that gives you your money’s worth. Some of the important points and questions that you have to consider while buying an electric car are:
Type of electric car
Driving range
Type of battery
Battery capacity and warranty
Energy consumption
Charging specifications
Charging infrastructure
After-sales support
Power and torque
Acceleration
Cost
Perks and tax benefits
Cost of insurance
Monthly and annual maintenance expenses
Software updates
Reliability of brand and recalls, if any
Best electric cars under $40K
The number of electric car brands available in the market increasing steadily, and you can choose one that meets your requirements and budget. If you are looking for cars within a budget of $40K, here are some recommendations:
2022 Chevrolet Bolt EUV
The 2022 Chevrolet Bolt EUV is a small crossover EUV available in two trim levels, the Bolt EUV LT and Bolt EUV Premier. It is a 5-seater with a range of 247 miles. Its fuel economy is MPGe of 125 for the city and 104 for the highway, and a combined fuel economy of 115 MPGe. The trims are powered by an ENO engine, producing 200 hp with a torque of 266 lb-ft. Both trims have automatic transmissions. The car’s electric motor output is 150 KW. Other significant specs and safety features available in the 2022 Chevrolet Bolt EUV are:
Keyless ignition and proximity keyless entry
6-way manual adjustment for driver and passenger seat
AM/FM, Satellite radio
6-speakers with Bluetooth streaming audio
10.2-inch infotainment system
In-car WiFi
Apple CarPlay and Android Auto
Automatic braking
Blind spot system
Lane keep assist and forward collision warning
The cost of the 2022 Chevrolet Bolt EUV starts at approximately $34,495.
2022 Mazda MX-30EV
The 2022 Mazda Mx-30 EV is a small-sized electric crossover 5-seater car in two trim levels. The EV is powered by an electric engine, delivering 143 hp, with a 200 lb-ft torque. Its Electric Motor Output is 107.0 kWh. The car delivers a fuel economy of 98 MPGe for the city, 85 MPGe for the highway and a combined fuel economy of 92 MPGe. It’s EPA electric change is about 100 miles.
Some of its other significant features and specifications across trims include:
Power moonroof
All season tires
8-way power driver seat with lumbar support
Multi-level front heated seats
Bench for rear seat
Remote engine start, keyless entry and keyless ignition
Adaptive cruise control with Stop and Go
AM/FM, Satellite radio
Bose Audio with 12 speakers (Premium trim)
8.8-inch touchscreen infotainment system
Apple CarPlay
Android Auto
Brake assist and Automatic braking
Lane keep assist and Forward collision warning
Heads-up display
The cost of the 2022 Mazda MX-30 EV begins at $33,470.
2022 Nissan Leaf S Plus
Nissan has improved the 2022 Leaf S Plus, making it an easy-to-drive sedan. It also has many new technology and driver assistance features, helping it be a very popular EV. It is powered by an electric engine that produces 214 hp with a torque of 250 lb-ft. The car offers a fuel economy of 118 MPGe for the city, 97 MPGe for the highway and a combined fuel economy of 108 MPGe. It has a battery capacity of 62 kWh and an EPA electricity range of 226 miles. Some of the new features include the SV Technology package. The SV includes traffic updates, a six-speaker audio system, adaptive cruise control, white fog lights, and heated front seats. Other significant features and specifications of the 2022 Nissan Leaf S Plus include the following:
6-way manual adjustment drive seat
4-way manually adjustable passenger seat
Blind spot warning
Lane departure warning
Accident avoidance system
Pre-collision safety system
Stability control
4-wheel ABS
Keyless ignition
AM/FM stereo
Satellite radio
Its cost starts from approximately $30,495.
2022 Kia Niro EV
The 2022 Kia Nero EV is a fun-to-drive, feature-rich, five-seater hatchback. It is powered by an electric engine with 1-speed direct drive, producing 201 hp and 291 lb-ft of torque and has a front wheel drivetrain. It offers a fuel economy of 123 MPGe for the city, 102 MPGe for the highway and a combined fuel economy of 112 MPGe. The car’s EPA electricity range is 239 miles, and it has a battery capacity of 64.0 kWh. Other significant features and specifications of the 2022 Kia Niro EV include the following:
8-way adjustable power driver seat with lumbar support
6-way manual adjustment height adjustable passenger seat
Multi-level heating in driver and passenger seat
Blind spot warning
Lane departure warning
Pre-collision and post-collision safety system
Stability and traction control
4-wheel ABS
AM/FM Stereo
8 Harman/Kardon premium speakers with surround sound
Satellite Radio
Keyless ignition
The cost of the 4-door Kia Niro EV starts from $39,090.
2022 MINI Cooper Electric SE Hardtop – 2 door
The 2-door Hardtop is the smallest MINI available and is also customizable, as you can choose from various roof shades, interior colors, upholstery, and exterior paint colors. It is powered by an electric engine producing 181 hp, with 1-speed direct drive and comes with a Front Wheel Drive drivetrain. It offers a fuel economy of 119 MPGe for the city and 100 MPGe for the highway and a combined EPA of 110 MPGe. It has an EPA electricity range of 114 miles. It has a battery capacity of 32.6 kWh. Other significant specifications and features of the 2022 MINI Cooper Electric SE Hardtop – 2 door include:
Revised front door styling
Dual-zone climate control
Heated front seats
Ambient interior lighting
Heated steering wheel
Lane departure warning
Adaptive cruise control
8.8-inch touchscreen infotainment system
Apple CarPlay
Harman /Kardon Audio system
Sirius XM Satellite Radio
Wireless Charging
The 2022 MINI Cooper SE Electric Hardtop – 2 Door costs around $30,750.