Here are the EVs you can buy for less than $35,000
For those looking to make the switch to electric on a budget, there are just a few low-cost options. Here's a look at those available for under $35,000.
Read more: Charging infrastructure zooms ahead despite Trump attacks
Nissan Leaf
The 2025 Nissan Leaf starts at $28,140, according to the company website. The four-door compact sport-utility vehicle has a range of 212 miles and tops the list of the most affordable all-electric cars available in the U.S.
The Leaf, which originally hit roads in 2010, was the first mass-market electric vehicle, according to Nissan. It helped spur global interest in EVs and was the top-selling plug-in electric car until 2020, when it was surpassed by the Tesla Model 3.
According to the auto industry site Edmunds, a major disadvantage of the Leaf is its charging port, which is not compatible with many public chargers. Known as a CHAdeMO, the technology was once more common but is being phased out.
Edmunds also criticizes the Leaf for its small storage capacity and limited range, but lists comfort and a quiet ride as part of the car's appeal. Nissan also sells the Ariya, an electric crossover SUV with a range of 289 miles and a starting price around $39,000.
Hyundai Kona Electric
The 2025 Kona Electric has a manufacturer's suggested retail price of $32,975. The SUV has a range of 261 miles and can charge from 10% to 80% in as little as 43 minutes with a direct current fast charger.
That's slower than some of its rivals, according to Edmunds, which also cites the Kona for "lackluster" handling. The vehicle is easy to drive and park, however, and is a good value for its price, the site's reviewer said.
Hyundai has been working on all-electric vehicles since 1991, when the automaker developed the Sonata Electric Vehicle for testing. Its first commercially available EV was the Hyundai BlueOn, in 2010.
Chevrolet Equinox EV
The 2025 Equinox EV starts at $33,600, according to Chevrolet's website. It has a 319-mile range and touts itself as "America's most affordable 315+ mile range EV."
The Chevrolet Blazer, another EV option from the American manufacturer, is one of this year's top-selling EVs. At Camino Real Chevrolet in Monterey Park, electric vehicles make up about 20% of sales, according to dealership President Robb Hernandez.
Edmunds rated the Equinox EV a 7.5 out of 10 for performance, 8.5 out of 10 for comfort and a 10 out of 10 for range and efficiency. The car has more than 15 safety and driver assistance features.
Toyota Prius Plug-in Hybrid
The 2025 Prius Plug-in Hybrid is priced at $33,375 and has 44 miles of battery power. After that, the car switches to gasoline.
The Prius Plug-in Hybrid is a particularly good value for drivers who don't go more than 40 miles in one day and can charge frequently, said iSeeCars.com analyst Karl Brauer. Drivers without a home charger would have to navigate the public network, which can have long wait times. Imperfect charging infrastructure is a deterrent for some considering the switch to electric, Brauer said.
Toyota has revamped its Prius model, which once had a bad reputation for its appearance and low power. The Prius Plug-in has 220 horsepower and can accelerate from zero to 60 mph in less than 7 seconds.
Edmunds rated the Prius Plug-in Hybrid an 8.5 out of 10 for performance, 7.5 out of 10 for comfort and a 9.5 out of 10 for fuel economy.
Kia Niro Plug-in Hybrid
The 2025 Niro Plug-in Hybrid has an all-electric range of 33 miles and a starting price of $34,490. It is one of Kia's three plug-in hybrid options, which also include the Sportage and the Sorento.
According to Edmunds, the Niro Plug-in Hybrid has impressive fuel economy and stylish interior design, but lacks all-wheel drive. Edmunds rated the model an 8 out of 10 for performance, an 8.5 out of 10 for comfort and a 8.5 out of 10 for technology.
Kia debuted its first EV for the commercial market in 2015 with the release of the electric Kia Soul.
Are more options coming?
The price of an EV is a significant barrier to a more complete transition to electric vehicles in the U.S., experts said.
The average price of a new electric vehicle in the U.S. is $56,910, according to the latest data from Kelley Blue Book, while the average price of a gas-powered car was $49,740 in late 2024.
Dealerships are still waiting to see the full effects of new auto tariffs, which are expected to jack up the price of imported parts. Kelley Blue Book predicted overall vehicle prices could increase as much as $6,000 as a result of the tariffs.
Read more: Shopping for an electric vehicle? How long until that $7,500 tax credit expires?
The higher price tag on EVs stems from expensive batteries and manufacturing. It can be pricier to insure an EV too — data collected by Insurify shows that EVs cost more than $4,000 to insure per year, 49% more than gas-powered cars. For first time EV owners, it can also cost up to $2,000 to install a home charger.
Still, depending on where you live and the type of driving you do, it can be cheaper in the long run to own an EV. The cost of electricity is generally less than filling up at the pump, experts said.
Vehicles that burn gasoline or diesel are a major contributor to human-caused climate change, experts said, and transitioning away from fossil fuels is key to a healthy climate. Drivers hoping to reduce their reliance on gas also have the option of a plug-in hybrid, which runs on both gas and electricity.
Read more: Auto tariffs seen hiking car prices by nearly $2,000 per vehicle
Chinese automaker BYD sells ultra low-priced fully electric models, but they are not available in the U.S. The BYD Seagull starts at less than the equivalent of $8,000.
"There's this perpetual challenge for automakers trying to price EVs competitively, at a compelling price point that average people would go and buy them," said Brauer, the analyst. If automakers are smart, he said, "they will keep it under $30,000, because with the loss of the incentive, there's a real psychological benefit to be able to say you're under $30,000."
Ford's answer to cheap Chinese EVs is a $30,000 electric pickup truck the company hopes to launch in 2027. The automaker this week said it will invest nearly $5 billion to build the truck and develop a smaller, lighter battery.
Read more: EV demand stalls out in California as automakers face zero-emission sales mandate
Slate Auto, a relatively new American automaker backed by Jeff Bezos, says it's building a basic EV with a starting price between $20,000 and $30,000 before customization. The company originally advertised the vehicle at less than $20,000, but had to backtrack after President Trump eliminated a $7,500 tax credit for new electric vehicles. The incentive expires Sept. 30, and Slate says the vehicles will be available in late 2026.
Tesla analyst Dan Ives said he expects several less expensive EV models to drop in the next six months, including Tesla's stripped down Model Y. Tesla has not confirmed the release date or price for the new Model Y.
The most affordable EVs already on the market usually don't go as far on a charge as higher-priced ones, Ives said.
"They're still worth buying," he said. "They're a very good value."
Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights.
This story originally appeared in Los Angeles Times.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 minutes ago
- Yahoo
Dialog Group Berhad (KLSE:DIALOG) Could Be Struggling To Allocate Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Although, when we looked at Dialog Group Berhad (KLSE:DIALOG), it didn't seem to tick all of these boxes. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Understanding Return On Capital Employed (ROCE) Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Dialog Group Berhad is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.019 = RM132m ÷ (RM8.6b - RM1.7b) (Based on the trailing twelve months to March 2025). So, Dialog Group Berhad has an ROCE of 1.9%. Ultimately, that's a low return and it under-performs the Energy Services industry average of 11%. View our latest analysis for Dialog Group Berhad In the above chart we have measured Dialog Group Berhad's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Dialog Group Berhad . How Are Returns Trending? On the surface, the trend of ROCE at Dialog Group Berhad doesn't inspire confidence. Over the last five years, returns on capital have decreased to 1.9% from 9.2% five years ago. And considering revenue has dropped while employing more capital, we'd be cautious. If this were to continue, you might be looking at a company that is trying to reinvest for growth but is actually losing market share since sales haven't increased. In Conclusion... In summary, we're somewhat concerned by Dialog Group Berhad's diminishing returns on increasing amounts of capital. It should come as no surprise then that the stock has fallen 49% over the last five years, so it looks like investors are recognizing these changes. With underlying trends that aren't great in these areas, we'd consider looking elsewhere. If you'd like to know about the risks facing Dialog Group Berhad, we've discovered 2 warning signs that you should be aware of. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 minutes ago
- Yahoo
BNP Paribas Exane Upgrades Novo Nordisk (NVO) to Neutral from Underperform
Novo Nordisk A/S (NYSE:NVO) is one of the top cheap stocks that will go to the moon according to Reddit. On August 13, BNP Paribas Exane upgraded Novo Nordisk A/S (NYSE:NVO) to Neutral from Underperform with a $54 price target. An elderly couple receiving insulin from a pharmacist, representing healthcare company's successful pharmaceutical products. The firm told investors that it sees a more balanced risk/reward now that the company's 'reality' is better reflected in the shares. Novo Nordisk A/S (NYSE:NVO) announced results for the January 1 to June 30 period on August 6, reporting an operating profit growth of 25% in Danish kroner and 29% at constant exchange rates (CER) to DKK 72.2 billion. Management also stated that sales in US Operations rose by 16% in Danish kroner (17% at CER), while sales in International Operations grew by 16% in Danish kroner (19% at CER). Novo Nordisk A/S (NYSE:NVO) is a global healthcare company specializing in diabetes care. It develops, discovers, manufactures, and markets pharmaceutical products. Its operations are divided into two business segments: biopharmaceuticals and diabetes and obesity care. The latter segment covers GLP-1, insulin, and other protein-related products. While we acknowledge the potential of XXXX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
14 minutes ago
- Yahoo
Trump says no imminent plans to penalize China for buying Russian oil
WASHINGTON (Reuters) -U.S. President Donald Trump said on Friday he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to "in two or three weeks." Trump has threatened sanctions on Moscow and secondary sanctions on countries that buy its oil if no moves are made to end the war in Ukraine. China and India are the top two buyers of Russian oil. The president last week imposed an additional 25% tariff on Indian goods, citing its continued imports of Russian oil. However, Trump has not taken similar action against China. He was asked by Fox News' Sean Hannity if he was now considering such action against Beijing after he and Russian President Vladimir Putin failed to produce an agreement to resolve or pause Moscow's war in Ukraine. "Well, because of what happened today, I think I don't have to think about that," Trump said after his summit with Putin in Alaska. "Now, I may have to think about it in two weeks or three weeks or something, but we don't have to think about that right now. I think, you know, the meeting went very well." Chinese President Xi Jinping's slowing economy will suffer if Trump follows through on a promise to ramp up Russia-related sanctions and tariffs. Xi and Trump are working on a trade deal that could lower tensions - and import taxes - between the world's two biggest economies. But China could be the biggest remaining target, outside of Russia, if Trump ramps up punitive measures. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data