
Want to buy an electric vehicle before the year is over, but have a tight budget to be mindful of? Searching Kelley Blue Book, GOBankingRates was able to find eight EVs with starting prices under $40,000. One popular model even starts for less than $30,000!
Be Aware: Auto Experts Say Stop Buying These 4 Hybrid Cars Immediately
Learn More: 8 Common Mistakes Retirees Make With Their Social Security Checks
Take a look at the most affordable EVs to buy for less than $40,000 in 2025, ranked from cheapest to most expensive.

2025 Nissan Leaf
- Starting price: $29,280
Explore More: The One Vehicle Feature That’s Always Worth the Money for Retirees, According to Car Experts
Trending Now: Here’s What It Costs To Charge a Tesla Monthly vs. Using Gas for a Nissan Altima

2025 Fiat 500e
- Starting price: $32,495
That’s Interesting: The 5 Car Brands Named the Least Reliable of 2025

2025 Hyundai Kona Electric
- Starting price: $34,470

2025 Chevrolet Equinox EV
- Starting price: $34,995

2025 Toyota bZ4X
- Starting price: $38,465
See More: I Asked ChatGPT If It’s Cheaper To Own an EV or a Hybrid in 2025: Here’s What It Said

2025 Hyundai Ioniq 6
- Starting price: $39,095

2025 Subaru Solterra
- Starting price: $39,915

2025 Ford Mustang Mach-E
- Starting price: $39,990
Photo disclaimer: Photos are for illustrative purposes only.
More From GOBankingRates
This article originally appeared on GOBankingRates.com: 8 EVs To Buy for Under $40,000