Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all available deposit, investment, loan or credit products.

Wondering what the most affordable electric car of 2022 is? Here are seven top contenders:

The Ford F-150 Lightning has a 320-mile range on a full charge, seats up to five and has a 2,000-pound maximum payload. It goes from zero to 60 miles per hour in around four seconds, has 4×4 driving performance and is suspension tested for off-road journeys. For towing, it can handle up to 10,000 pounds.

Bonus Offer: Open a new Citi Priority Account by 1/9/23 and earn up to a $2,000 cash bonus after completing required activities.

This vehicle has what’s called “intelligent range,” which predicts how much energy will be used on each journey, considering the weather forecast and traffic. It has more than 14 cubic feet worth of trunk space in the front of the car and intelligent backup power when there are outages in your neighborhood.

The Mini Cooper Electric has a 110-mile range on a full charge. It takes just 36 minutes to achieve an 80% charge when using DC Fast chargers available all over the U.S. There are 38,000 accessible charging points nationwide, all available through Mini’s mobile app.

Climate control and any servicing can be done through the app, too. The vehicle seats four adults and has 181 horsepower, which can take drivers from zero to 60 mph in 6.9 seconds. It comes with an eight-year warranty and is estimated to save drivers as much as $3,500 compared to traditional internal combustion engine vehicles over a five-year span.

Bonus Offer: Find a Checking Account that Fits Your Lifestyle. $100 Bonus Offer for New Checking Account Customers.

As one of the first mass-produced EVs with more than two billion miles driven, the Nissan Leaf is one of the most trusted low-cost options. The vehicle has continuously improved its range, which now stands at 212 miles.

The Leaf has a connected app that lets drivers control everything from temperature and locking doors to turning off lights and managing range. Even going a step further, it has voice command integration with both “Hey Google” and Amazon’s “Alexa.” 

This Nissan Leaf has limited cargo space at 23.6 cubic square feet, but seats can be folded for more room.

The Chevrolet Bolt EV has one of the largest charging networks, with more than 40,000 stations, making it a prime choice for anyone with range concerns. It’s estimated to get 259 miles on a full charge, too. Additionally, when buying a Bolt, Chevrolet will cover the cost of installation for a level two charging outlet as well.

Bonus Offer: Bank of America $100 Bonus Offer for new Online Checking Accounts. See page for details.

It has a spacious interior that can fit five, along with 200 horsepower that takes drivers from zero to 60 mph in 6.5 seconds. It has comprehensive safety assistance tools, including automatic emergency braking for other cars and pedestrians.

The Ford Mustang Mach-E is another choice that puts performance concerns at ease, with its 314-mile range and the ability to go from zero to 60 mph in just 3.5 seconds. It is also part of the BlueOval charging network — the largest public charging network in North America. Even then, roadside assistance is available at a fee if the car does happen to run out of battery. 

With the Mach-E, drivers get a warranty of up to 800,000 miles or eight years — whichever comes sooner. The only problem right now is limited inventory. It may be available at some dealers, but online orders have currently been paused due to explosive demand. 

The Mazda MX-30 has a sleek leather interior that comes in a choice of two colors. It also has 12 Bose speakers installed throughout. Unfortunately, it is only available in California in 2022.

Some other downsides are its relatively low range at 100 miles and extras for the vehicle costing more. This includes things such as all-weather floor mats, splash guards, roof racks and navigation systems.

Despite this, there are plenty of advantages, too. The vehicle has an eight-year warranty as well as a 36-minute charging time for an 80% full battery. All drivers receive a $500 ChargePoint tax credit, too, which can be found via the Mazda app.

The Kona Electric has 201 horsepower and a full-charge range of 258 miles. At-home chargers will bring the Kona Electric from 10% to 100% in just over nine hours. Using the level three chargers at any station will power the vehicle up to 80% in roughly one hour. 

Digital phone keys can do everything, from locking doors to starting the car. These keys can be sent to friends or family when they need to drive the car, too. A number of driving assists are available with the Kona Electric, including safe exits on highways and sensors for when the vehicle’s driven in reverse, as well as lane-following, blind spot collision and driver attention warnings, which alert drivers who may be drowsy or inattentive on the road.

New buyers who have signed up for Electrify America can also get three years of free charging from the day of purchase after they enter their unique Hyundai Premium Charging code into the app. In certain qualifying states, Kona Electric drivers can drive on their own in HOV lanes. Digital displays can connect with Apple or Android devices.

All of the options above are excellent alternatives to traditional internal combustion engine vehicles for anyone looking to go green and make the move to electric. In any case, with electric vehicles, the main benefit is saving in long-term costs. The ideal choice depends on the driver’s daily use.

Every day, get fresh ideas on how to save and make money and achieve your financial goals.

Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all available deposit, investment, loan or credit products.

Sign up for our daily newsletter for the latest financial news and trending topics.

For our full Privacy Policy, click here.