You've got $20,000 to spend on an EV: Here are some options
With a new war in the Middle East driving up gas prices, American drivers are once again remembering that electric vehicles are much cheaper to operate and therefore worth considering. Buying a brand-new EV might not be the best way to save money, but the good news is that the used EV market continues to grow, and for the buyer looking to spend between $15,000–$20,000 on something electric, we're starting to hit a real sweet spot.
Over the past few weeks, we've looked at used EVs on a smaller budget. If you don't need much range, even $5,000 will get you behind the wheel of a Nissan Leaf. At $10,000, BMW's interesting i3 becomes affordable, as does the Chevrolet Bolt, although expect examples to have some mileage on them. For $15,000 you can find newer Bolts and bigger-batteried i3s, as well as some of Hyundai and Kia's smaller or older EVs.
Once we jump up into the next (arbitrary) price bracket—$15,000 to $20,000—many of the newer, longer-range EVs that debuted post-pandemic are now affordable.