Are you considering switching to an electric vehicle (EV) or upgrading your current one? You're not alone. With rising concerns about the environment and the depletion of fossil fuels, more and more people are opting for the eco-friendly option of electric cars. But before you make a decision, it's essential to be aware of the different options available in the market. In this post, we'll be discussing some of the cheapest EVs out there and whether buying a new or used EV is the better choice for you.
The Top 10 Cheapest Electric Cars
If you're looking to buy a brand-new electric car, you might be pleased to know that there are some relatively affordable options. Here are the top 10 cheapest electric cars currently available on the market:
- The MG5 EV starts at £24,495
- The Dacia Spring Electric starts at £20,740
- The Seat Mii Electric starts at £22,800
- The Volkswagen e-up! starts at £23,390
- The Skoda Citigo e iV starts at £23,515
- The Peugeot e-208 starts at £25,050
- The Citroen e-C4 starts at £29,180
- The Honda e starts at £29,660
- The Mini Electric starts at £30,495
- The Renault Zoe starts at £30,995
The Expensive 2023 Toyota bZ4X Electric SUV
If you're looking for a more premium electric vehicle, Toyota's latest offering - the bZ4X SUV - might catch your attention. However, it comes with a hefty price tag. According to reports, Toyota has stated that the model "will be expensive." The bZ4X is set to be available in 2023, and while pricing hasn't been confirmed, it's rumored to start at around £47,000 ($65,000).
GMC Hummer EV Pickup in Australia
Looking for an electric pickup truck? If you're in Australia, you might be in luck. The GMC Hummer EV Pickup, set to be released in North America later this year, could be making its way down under. The pickup has impressive specs, with up to 1,000 horsepower and estimated ranges of up to 350 miles on a single charge. However, as of now, it's still unclear whether the vehicles will be sold in the Australian market.
Should You Buy a New or Used Electric Vehicle?
Deciding whether to buy a brand-new or a used EV is a common dilemma for potential buyers. So how do you decide which option is best for you? Here are some factors to consider:
The Cost
The most significant advantage of buying a used EV is the lower price. EVs often come with a higher upfront cost than traditional gasoline-powered vehicles, so buying a used EV can be a more affordable option. Additionally, since EVs have fewer moving parts and require less maintenance than conventional cars, you're not likely to spend as much on repairs and upkeep in the long run.
The Efficiency
One of the key benefits of EVs is their efficiency. Compared to gasoline-powered vehicles, EVs offer better fuel economy, fewer emissions, and lower operating costs. While newer EVs tend to offer better fuel economy and more advanced features, used EVs can still provide substantial savings on gas and other expenses.
The Battery Life
The battery life of an electric car can also be a critical factor in your decision to buy a new or used EV. As with most batteries, the battery in an EV will degrade over time, which can lead to reduced range and performance. However, newer EV models generally feature more advanced battery technology that helps to extend their lifespan.
The Warranty
When you buy a new EV, you'll often get a warranty that covers defects and other problems. When purchasing a used EV, you might not get the same level of protection. However, buying a certified pre-owned EV can provide you with peace of mind that the car has undergone thorough testing and comes with a warranty.
Used EV Buyers Guide
If you've decided that buying a used EV is the way to go, there are still some important factors to consider before making your purchase. Here are some tips for buying a used EV:
Check the Battery Life
As mentioned earlier, the battery life of an EV is crucial. Before buying a used EV, ensure that the battery is in good condition and has sufficient range to meet your needs. You can check the battery health through the car's diagnostic system or with the help of a professional mechanic.
Research the Car's History
When buying a used car, it's essential to do your research to avoid getting ripped off. Check the car's history report to see whether it has been in any accidents or had any major repairs. You should also look into the car's previous ownership to ensure that it has been well-maintained.
Take It for a Test Drive
Like any car purchase, it's important to take a used EV for a test drive to see how it handles on the road. Be sure to test out the car's acceleration, braking, and overall performance to make sure it meets your expectations.
New EVs for Under $40,000
If you've decided that you want to purchase a new EV, but you're on a tight budget, you'll be pleased to know that there are still some affordable options available. Here are some new EVs that you can purchase for under $40,000:
- The Hyundai Kona Electric starts at $37,190
- The Chevrolet Bolt EV starts at $36,500
- The Nissan Leaf starts at $31,620
- The Ford Mustang Mach-E Select starts at $42,895
- The Tesla Model 3 starts at $38,190
- The Volkswagen ID.4 starts at $39,995
- The Kia Niro EV starts at $39,090
- The Polestar 2 starts at $59,900 (but you can get a $2,000 discount with the federal tax credit)
- The BMW i3 starts at $44,450
- The Mazda MX-30 starts at $33,470
Conclusion
Electric cars are quickly becoming a popular choice for those looking for a more eco-friendly and cost-effective option. With a range of affordable EVs available in the market, as well as options for used EVs, there's never been a better time to make the switch. Whichever option you choose, be sure to do your research and take your time to find a car that meets your needs and budget.
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