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It’s no secret that electric vehicles are increasing in popularity in the United States and around the world. With volatile gas prices and irreparable environmental damage, drivers are ditching their internal combustion engine (ICE) vehicles for a money-saving, greener solution.
Unfortunately, lower operational and maintenance costs are often unattainable due to the higher upfront cost of buying an electric car — until now. The new lineup of cheap electric cars makes owning an electric car an affordable car-buying option for more budgets.
Nissan Leaf Price: $29,280
Key Features:
Performance: The all-electric battery gives the Nissan Leaf instant torque as soon as you press the e-Pedal. The base model, the Nissan Leaf S, features 147HP, a 40.0-kWh battery pack, and a range of 149 miles. The upgraded Nissan Leaf SV Plus gets 214HP, a larger 62.0-kWh battery, and a 215-mile EPA-rated range.
Overall Value: If you’re looking for a great starter EV, the 2024 Nissan Leaf is a prime contender with its low price point. With its shorter range, it’s ideal for city driving but may not be the prime choice for long-range commutes.
Since MINI first introduced the MINI Cooper in the United States, it’s been a delightfully charming and somewhat quirky addition. Now, MINI is stepping into the EV world with their all-new 2024 MINI Electric Hardtop 2-Door, featuring the unmistakable design drivers have come to know and love. This all-electric hatchback starts at an excellent base price range, making it one of the cheapest EVs, and offers a spunky and fun city driving experience.
MINI Electric Price: $31, 895
Key Features:
Performance: The 2024 MINI Electric retains the distinctive styling and exciting urban driving experience and brings it into the electric world. With quick acceleration, agile handling, and 181HP, the new EV version offers an exciting driving experience. Unfortunately, the 28.6-kWh needs to be recharged every 114 miles.
Overall Value: The 2024 MINI Electric has ideal offerings for car buyers looking for an eye-catching electric vehicle with a spunky driving experience. However, with one of the shortest ranges in our lineup, planning a route with sufficient charging infrastructure is essential.
Hyundai Kona Electric Price: $34,050
Key Features:
Performance: The fully electric SUV crossover delivers instant torque and perky acceleration. The redesigned Hyundai Kona Electric has two different battery options. The 48.6-kWh option has a range of approximately 200 miles. The other option with a larger battery offers a 64.8-kWh battery and up to 260 miles.
Overall Value: The improved battery and range of the 2024 model year, its commanding and rugged exterior, its upscale interior, and its advanced safety features make it a good choice for both city commuters and long-distance drivers.
The previous generation Fiat 500 urban city car has been redesigned bumper-to-bumper, transforming the iconic Fiat into a fully electric vehicle (EV) while leaning into its predecessor’s lovable retro-modern appeal. The 2024 Fiat 500e is a battery-operated electric subcompact SUV, quickly becoming Fiat’s flagship electric motor car, complete with the Italian innovation we’ve come to expect. The Fiat 500e will have three different trim options, the first of which will be Inspir(Red), a red model that a part of Fiat proceeds is donated to Project Red. The next two are Inspired by Music and Inspired by Beauty, both loaded with advanced technology features and creature comforts at a higher price point.
Fiat 500e Red Price: $34,095
Key Features:
Performance: The 2024 Fiat 500e Red allows you to tailor your energy usage based on your drive. Normal mode delivers up to 117 HP and is ideal for drivers craving the pep and responsiveness of the traditional Fiat while still driving a greener solution. Range mode allows you to save some electricity by accelerating and decelerating using one pedal. Sherpa maximizes your energy range up to a 162-mile range, but it reduces some of the Fiat’s responsiveness and shuts down some of the auxiliary systems.
Overall Value: The Fiat 500e Red is a great entry-level car at an affordable EV price. Its design revives Fiat’s signature appeal with modern upgrades both inside and out. The subcompact design is ideal for urban driving but may be too cramped for longer trips.
Hyundai Ioniq 6 Price: $38,650
Key Features:
Performance: The 2024 Hyundai Ioniq is one of the few electric motor vehicles capable of charging using the 800 V DC charging stations, taking it from 10% to 80% charge in as little as 18 minutes. It can still conveniently be charged at the traditional 400V DC Level 3 charging stations as the others and the 240 V Level 2 home charger. The 77.4-kWh battery allows the 2024 Hyundai Ioniq 6 to accelerate quickly, with impressive horsepower – the AWD brings 320 HP and the RWD 225 HP.
Overall Value: Although slightly over the $35,000 budget, the 2025 Hyundai Ioniq 6 still offers an exceptional value. With more than double the range of other competitors, additional power, and function, the 2024 stands out as a clear competitor.
As more electric vehicle options are introduced, more cost-effective options will likely become available. Unfortunately, essential parts like EV batteries and electric drive trains still mean expensive car repair bills.
When you buy a new electric car, automakers guarantee that if the vehicle experiences mechanical failure due to an inferior part or an error during assembly, they’ll fix it at no additional cost.
Almost every new car comes with a bumper-to-bumper manufacturer’s warranty (or factory warranty) that lasts a set amount of years or mileage. Usually, they’ll protect the car for up to three years or 36,000 miles, whichever comes first, though the actual terms will vary based on your car dealership.
Additionally, new vehicles usually have a powertrain warranty that protects the vehicle’s most important components, usually up to five years or 60,000 miles.
Some new electric vehicles also come with a unique electric vehicle battery warranty. If you’re lucky enough to have an EV manufacturer include a battery warranty with the purchase of an EV, it may be good for up to 8 years, or 100,000 miles. It’s important to read the fine print before assuming your battery is included in the warranty.
When you’re buying an EV, it is important to know that no manufacturer’s or factory warranty lasts for the lifetime of the vehicle. While these comprehensive bumper-to-bumper warranties provide peace of mind while the vehicle is brand new, eventually, the warranty expires, and EV owners are left paying out-of-pocket for expensive car repairs. And, regardless of your vehicle’s price, EV batteries are notoriously expensive to repair.
Although parts like the EV battery or the EV drivetrain are reliable and durable by design, eventually, these parts wear down and become susceptible to failure, even with proper routine EV maintenance. An EV extended car warranty can protect against these expensive repair costs and any important technology advancements and upgraded components.
When shopping for an extended car warranty for an electric car, more accurately known as an auto protection plan or a vehicle service contract, ensure that you have the most comprehensive warranty coverage for your EV or hybrid vehicle. Both hybrid and electric vehicles have unique needs, so you’ll want to read the fine details of each extended warranty plan and warranty provider to ensure maximum coverage with minimal exclusions.
Not all EV extended warranties are created equal. Although advanced technology has its perks, your extended car warranty should cover high-cost EV repairs, such as the battery, drivetrain, charging systems, and electrical components. Take time to read through the terms and conditions, exclusions, and limitations so there are no surprises when you need to file a claim.
If you think you might sell your vehicle down the road, consider how a transferable EV warranty can enhance your vehicle’s resale value. If a prospective owner is looking for a maintained EV for sale, the extended car warranty may give them peace of mind that scheduled routine maintenance has been taken care of. Additionally, it builds trust and confidence if mechanical breakdowns are covered if something should break after purchasing.
Another factor to consider when comparing EV vehicle service contracts is the additional benefits. If you find two electric vehicle warranty providers with similar EV coverage options, the additional warranty perks and benefits can significantly affect the overall value.
For example, third-party providers like Endurance Warranty offer vehicle protection plans that include a suite of standard benefits, like 24/7 roadside assistance and towing, trip interruption coverage, and rental car reimbursement. Additionally, every customer can maximize savings by activating a year of Endurance Elite Benefits. For a small activation fee, you’ll get tire repairs and replacements, key fob replacements, collision discounts, and more.
Just because you’ve chosen to save money on gas prices by buying an EV doesn’t mean you have to pay the price when disaster strikes. An extended EV warranty can give you the best of both worlds. Save money on your electric vehicle, fuel costs, and EV repairs with the best EV vehicle service contract for your lifestyle and budget. Endurance Warranty offers coverage for hybrid vehicles and fully electric brands like Tesla.
Contact a knowledgeable Endurance plan advisor at (800) 253-8203. You can also request a FREE quote online or shop our eStore to see coverage and pricing options now!
Find more helpful automotive articles on the Endurance Warranty blog. Get answers to your frequently asked questions, learn about the compatibility of Tesla chargers, get maintenance tips for your hybrid or electric vehicle, and discover everything else you need to know about electric vehicles.
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Alex has worked in the automotive service industry for over 20 years. After graduating from one of the country’s top technical schools, he worked as a technician achieving a Master Technician certification. He also has experience as a service advisor and service manager. Read more about Alex.