How much does it cost to buy or lease an electric car?

EVs come in a wide range of price points, and the range of offerings is increasing all the time. If you are on a budget, you may want to consider a used EV. Recent models coming off their 3-year lease, with about 30,000 miles on the odometer, are often available at a significantly reduced price.

New EVs are made more affordable with federal, state, and local incentives, which can make the purchase price similar to a new gas car.

Leasing can also be an attractive option for your first EV. Payments will vary, but in some cases can be as little as $200/month.

Of course, the exact price you will pay depends on many factors, including which car you choose, your credit history and other factors. Regardless of which EV you choose, however, you will spend a lot less fueling and maintaining your car.