The Electric Cars With the Most Range for the Money Under $40K

  • Cost per mile of range: $245

The 2018 Hyundai Ioniq Electric starts at $30,385 (including delivery). Matched against its EPA-estimated 124 miles of range, that comes to $245 per mile. Right now, this model is only on sale in California, but Hyundai has a 50-state strategy for the Ioniq EV.

Overall, Ioniq offers decent value for the plug-in driver. When you add in the $7,500 tax credit, it becomes quite a deal (under $24,000, or $184 per mile).

According to EVAdoption, which tracks sales by automaker, Hyundai has yet to even hit 10,000, so there are several years to go before any buyer should be concerned about the tax credit expiring (at least as long as the law stays on the books).

Tax credit status: Fewer than 10,000 sales. Over 190,000 to go.

Nissan LeafNissan has announced U.S. pricing for the 2018 Nissan LEAF, which goes on sale in early 2018 at LEAF Certified Nissan dealers nationwide. The 2018 LEAF S is priced at just $29,990, which is below the current 2017 LEAF’s starting MSRP.

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