First came Kelley Blue Book’s Top 10 Hybrids, now we have the group’s top 5 Electric Cars under the $40,000 mark. The lists are out just in time for Earth Day, Saturday, April 22.
The $40K and under EV field grew by two new all-electric models in 2017, the Chevrolet Bolt and the Hyundai Ioniq which take the top two spots on the list. All the vehicles on the list are eligible for the $7,500 federal tax credit among other potential state and local incentives. So in reality with the incentives, the net price comes down below or right at $30,000.
- 2017 Chevrolet Bolt EV ($37,495): GM loves its new Bolt and for good reason. It’s the first mass-produced electric car in the price range with a range of more than 200 miles – 238 to be exact. It charges in just over nine hours and offers 119 MPGe combined highway/city miles.
- 2017 Hyundai Ioniq Electric ($30,335): The Ioniq is also brand-new to the growing EV club. KBB dubs it the most energy-efficient and affordable EV on the list. There are hybrid and plug-in hybrid versions. The Ioniq comes with a 124 mile range per charge and recharges in about 4.5 hours. It comes with 136 MPGe combined.
- 2017 Volkswagen e-Golf: KBB calls the VW e-golf the most fun to drive car on its list. It comes with more range for 2017 – and that’s 125 miles on a charge. The battery recharges in a little over 5 hours and MPGe is 119, highway and city combined.
- 2017 Kia Soul EV ($33,145): KBB loves the Kia Soul calling it one of its favorite small cars. The EV costs quite a bit more than the standard model that starts from under $18,000. It can go 93 miles on a single charge. Charging time is just under four hours and it comes with 105 MPGe combined.
- 2017 Nissan Leaf ($31,545): The Nissan Leaf dates back a decade and is always improving. The 2017 comes with a 107 mile range per charge. Recharging time is about six hours and it comes with 112 MPGe combined.