Five things to look for in buying an electric vehicle for below $50K
by Saul Elbein - 05/12/22 3:58 PM ET
With gas prices soaring, more and more people are looking into electric vehicles (EVs) as a way to cut down on their costs — and help the planet at the same time.
But sticker shock is a big problem.
There still aren’t many electric vehicles (EVs) available below $50,000, and rising demand and supply-chain issues affecting the broader market aren’t helping the matter.
Price- or carbon-conscious consumers can still find deals on new electric and semi-electric vehicles — particularly if they are willing to consider hybrids.
“Finding one in this current market might be difficult,” Matthew Degen of Kelley Blue Book told The Hill. But “in theory, [deals] are out there.”
Here are five things to look for.
Compact EVs for the most price conscious customers
Two stalwarts of the EV market — the Nissan Leaf and the Chevy Bolt — both sell for below $30,000 with federal EV tax credits factored in.
Now in its 12th year of production and with a range of 150 miles per charge, the Leaf is a reliable EV for in-city driving.
With a range of 259 miles, the slightly more expensive Bolt “is a very competitive EV,” Matthew Degen of car review site Kelley Blue Book told The Hill.
Two electric SUVs you can buy now
The Leaf and the Bolt both put the compact in compact — which means they won’t be right for some buyers.
In general, Americans are looking for SUVs and light trucks in the first place, and the electric vehicle market is no exception, automotive specialist Ryan Robinson of Deloitte consulting group told The Hill.
more
https://thehill.com/policy/equilibrium-sustainability/3486581-five-things-to-look-for-in-buying-an-electric-vehicle-for-below-50k/ 
