A lot of people ask me for this list because I’m always listing my EV as one of the top 5 things I’ve ever paid for in life.
So here you go.
Below are the most cost effective 100% electric vehicles to consider when you’re ready to make the switch. (Note to be on this list, the car/sedan must have zero gasoline engine components).
In order of purchase price:
- Mitsubishi i-MiEV ($23,800)
- Smart Car Electric Drive ($25,700)
- Chevy Spark ($26k)
- Nissan Leaf ($29,800)
- Ford Focus Electric ($30k)
- Fiat 500e ($32,600)
- Kia Soul EV ($33,700)
- Volkswagen E-Golf ($34,270)
- Mercedes B-Class Electric Drive ($42k)
- BMW i3 ($44k)
In order of TOTAL cost to lease & operate (Lease term = 36 months. Compare these total costs to the total $838/month for a typical recent model gasoline powered sedan)*:
- Smart Car Electric Drive ($268.48/month)
- Volkswagen E-Golf ($315.70/month)
- Fiat 500e ($316.98/month)
- Ford Focus Electric ($348.35/month)
- Chevy Spark ($351.33/month)
- Nissan Leaf ($361.09/month)
- Mitsubishi i-MiEV ($380.34/month)
- Kia Soul EV ($404.98/month)
- BMW i3 ($432.87/month)
- Mercedes B-Class Electric Drive ($518.15/month)
Total lease payments + insurance + maintenance + electricity – tax rebates (divided by) 36 months = monthly average cost to operate
Example: Nissan Leaf ($10,279.40 total lease payments + $3,600 total insurance + $540 total maintenance + $1,080 total electricity costs – $2,500 tax rebate = $261.09/month)
Stay away from these cars if you are in debt and don’t have 3 times the price of the car or total lease amount in your bank/investment accounts:
-Tesla Model S ($71k)
Now you know.