Your EV Future
It’s becoming increasingly difficult to ignore the probability that you will eventually buy your first EV in the near future. However, up till now, those EVs have been just as expensive and in many cases more-so than the popular traditional internal combustion engine (ICE) vehicles that you have been more comfortable with over the years.
But times change and so do people…and in this case, so do EVs.
According to a recent newsletter from Consumer Reports, the older models of EVs that once cost a hefty price are now being sold with steep discounts to make way for newer EV models that have more power, range, size, and panache than the first crop of older EVs.
Older Entry Model EV Price Changes
These three popular EV models that used to cost around $40,000 are now showing a price drop of roughly $5,000 or more: The Chevrolet Bolt, the Hyundai Kuna Electric, and the Leaf.
2022 Chevrolet Bolt
Price Range: $31,500 - $34,700
CR MPGE: Overall 120 / City 131 / Hwy 109 mpge
Rated #7 of 44 Electric vehicles
CR analysts report that prices released for the 2023 Bolt and Bolt EUV are “…reflecting a drop of $5,900 and $6,300 per model. This brings the starting price to $26,595 and $28,195, respectively.”
The key phrase here, however, is “starting price” as depending on where you live.
2022 Chevrolet Bolt EUV Test Results | Talking Cars #336
2022 Hyundai Kona Electric
Price Range: $34,000 - $42,500
CR MPGE: Overall 120 / City 132 / Hwy 108 mpge
Rated #8 of 44 Electric vehicles
Regarding the Hyundai Kona Electric, CR analysts report that its base price has lowered from “…$37,390 to $34,000 for the 2022 model year, as newer Hyundai/Kia EVs charged to dealerships."
Hyundai Kona Electric In-Depth 2022 Review - Better than the e-Niro?
2022 Nissan Leaf
Price Range: $27,400 - $37,400
CR MPGE: Overall 104 / City 114 / Hwy 94 mpge
Rated #5 of 44 Electric vehicles
Close in pricing with the Chevy Bolt, the Nissan Leaf dropped in pricing from $31,670 to $27,400 for 2022. Note that CR analysts tell us that the Leaf is being phased toward fewer trim models offered “… from five trims to two, the S and SV Plus, for 2023.”
2022 Nissan Leaf Review | The Cheapest Electric Car!
For additional articles about EVs, here are two selected articles for first-time EV shoppers that can be of importance toward guiding your buying decision:
COMING UP NEXT: Why Your Car is Probably Illegal
Timothy Boyer is a Torque News automotive reporter based in Cincinnati. Experienced with early car restorations, he regularly restores older vehicles with engine modifications for improved performance. Follow Tim on Twitter at @TimBoyerWrites for daily new and used vehicle news.
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