The electric vehicle (EV) market has expanded rapidly in recent years, with more affordable options becoming available than ever before. Just five years ago, under $60,000 only bought you a few choices – the Nissan Leaf, Tesla Model 3, and limited options from Hyundai, Mini, or Polestar. Today, the market is flooded with over triple the number of models, including a surge in Chinese brands like BYD, Chery, and GWM. Even established automakers such as Kia, Toyota, and Volkswagen now compete in this price range.
This abundance of options is a game-changer for buyers looking to switch to electric without breaking the bank. While many of these EVs are compact SUVs, the sheer volume provides unprecedented choice. Here’s a breakdown of which models stand out, according to automotive experts.
Expert Picks: The Best EVs Under $60,000
Automotive professionals weigh in on their top picks, emphasizing value, practicality, and driving experience. The selections range from budget-friendly options to more refined choices, all within the $60,000 price point.
BYD Atto 1: The Everyday EV
Alborz Fallah champions the BYD Atto 1, available for around $24,000. This car excels in suburban driving, ideal for daily commutes, school runs, and errands. With 220km of range, it’s a practical second vehicle for most families, offering substantial tech for its price.
“For me, the point of an EV is to do the super-regular short commutes… A car like that for under $25k is an absolute steal.”
MG 4 Excite 51: Unrivaled Value
Marton Pettendy recommends the MG 4 Excite 51, priced at $37,990 drive-away. This rear-wheel-drive hatchback offers a 350km range and exceptional value, making it perfect for city runs. The remaining budget could be invested in home solar or battery systems for charging.
Skoda Elroq: The Stylish All-Rounder
Ben Zachariah, William Stopford, and Damion Smy converge on the Skoda Elroq as a standout choice. Its rear-wheel-drive layout, 210kW power output, and 500km-plus range make it a compelling option. The Elroq also boasts a modern interior with physical buttons, a feature lacking in some competitors. Its design is noted as a key selling point, providing a more sophisticated look without screaming “electric car.”
Kia EV5: The Familiar Transition
Sean Lander favors the Kia EV5, highlighting its car-like driving experience and familiarity. With a spacious interior, reasonable range, and a comprehensive warranty, it’s an accessible option for those hesitant about switching to EVs.
“It doesn’t have a cinema screen Blu-Tacked to the dash and it comes with a great warranty… It’s not going to ever get me excited about driving either, but it would be tolerable.”
Hyundai Ioniq 6 Epiq: The Deal Hunter’s Choice
William Stopford points to the Hyundai Ioniq 6 Epiq as an exceptional deal, with discounts of over $34,000 off its original price. While the styling might not appeal to everyone, the performance and all-wheel-drive capability make it a worthwhile consideration for those prioritizing value.
MG 4 Essence 64: The Compact Performer
James Wong suggests the mid-spec MG 4 Essence 64, priced around $42,500 drive-away. Its rear-drive balance, compact size, and over 400km range offer an excellent blend of practicality and performance.
BYD Seal Premium: The Sedan Alternative
Max Davies advocates for the BYD Seal Premium, costing about $57,000 drive-away. This rear-wheel-drive sedan offers a usable 570km range, making it a standout choice in a market dominated by SUVs.
The Shift in the EV Landscape
The proliferation of affordable EVs is driven by several factors: increased competition, particularly from Chinese manufacturers, and advancements in battery technology. This competition benefits consumers by lowering prices and improving vehicle features. The trend raises questions about long-term sustainability: Will these prices hold as demand increases? How will resale values fare for these newer brands?
Conclusion
The EV market under $60,000 is now a thriving space. Buyers have more options than ever before, from budget-friendly city cars like the BYD Atto 1 to more refined choices like the Skoda Elroq. The key is to consider your needs, whether it’s daily commutes, long-distance travel, or simply wanting a stylish and sustainable vehicle. The EV revolution is here, and it’s becoming increasingly accessible to everyone.
