KBB’s 5 Best Electric Cars Under $40,000

Chevrolet Unveils 2017 Bolt

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.

KBB’s Top 10 Hybrids Under $40K
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

2017 Chevrolet Bolt

chevrolet bolt

2017 Hyundai Ioniq

2017 hyundai ioniq electric

2017 VW e-Golf

2017 vw e golf electric

2017 Kia Soul EV

2016 Soul EV

2017 Nissan Leaf

2017 nissan leaf electric

Photo Credit: NewspressUSA, Nissan, Chevrolet, Kia
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