5 Budget-Friendly Electric Vehicles to Look Forward To

Electric cars are finally becoming more affordable. For years, EVs were mostly available at high prices, but now, the focus is shifting towards making them more competitive in terms of cost. As we move into a broader wave of electric vehicle releases, we can anticipate some fantastic and affordable models.

Here are five upcoming budget-friendly EVs that have us excited:

Chevrolet Bolt EV Redesign

The Chevrolet Bolt EV has been a popular choice for budget-conscious buyers since its launch. When Chevrolet announced it would discontinue the model, many were disappointed. Fortunately, Chevrolet reversed this decision and is planning to release a redesigned Bolt EV for the 2025 or 2026 model year, following a hiatus since the 2023 model.

The new design promises to be exciting, especially since previous models, while offering excellent value, weren’t particularly attractive. Built on the Ultium EV platform, the new Bolt EV is expected to maintain a solid range and an affordable price. While exact pricing details are yet to be announced, we’re hopeful it will stay below $30,000, similar to its predecessors.

Kia EV3

Kia has established itself in the EV market with models like the EV6 and EV9. The upcoming EV3 is set to be Kia’s entry-level model, offering a comfortable interior and many design elements similar to the EV9 but at a lower price. Expected to be released soon in Korea, the EV3 is anticipated to offer a range of around 300 miles and cost under $40,000, possibly closer to $30,000.

Volvo EX30

The Volvo EX30 might be the most stylish budget EV yet. Although available in some regions, it hasn’t launched in the U.S., making it an anticipated release. The EX30 features a sleek Volvo design and a large display with Android Automotive. Estimated to offer 275 miles for single-motor models and 265 miles for dual-motor models, the EX30 promises a great driving experience with a quiet, comfortable ride. Starting at $34,950, it’s a fantastic value for a stylish EV, with U.S. deliveries expected this summer.

Rivian R3

Rivian, known for its popular EVs, is planning to release the affordable R3 in late 2026 or early 2027. This smaller crossover will feature Rivian’s signature design elements, like oval headlights. While specific details are scarce, the long-range models are expected to offer over 300 miles of range. Pricing hasn’t been announced yet, but with the R2 estimated at $45,000, the R3 will hopefully be priced under $40,000.

Hyundai Ioniq 9

Electric SUVs are generally pricier than smaller EVs, but they are becoming more affordable. The Hyundai Ioniq 9 will compete with the Kia EV9, offering a cheaper alternative to high-end models like the Rivian R1S. The Ioniq 9 is expected to feature Hyundai’s pixel design seen in the Ioniq 5 and 6, along with a stylish interior, three rows of seats, and a solid range. While not the cheapest option, it’s anticipated to start at around $55,000, paving the way for more affordable electric SUVs.

As the market evolves, these budget-friendly EVs are set to make electric driving more accessible to a wider audience. Stay tuned for their releases and enjoy the benefits of electric mobility at a lower