Best Value New EVs with Over 400 KM of Range in 2024

Searching for the cheapest new EVs with over 400 km of range in 2024? In this guide, you’ll find budget-friendly electric vehicles that offer the best range for your money. We cover their key features and prices to help you choose the right EV.

Key Takeaways

• The Hyundai IONIQ 5, starting at $48,999 CAD, offers an impressive range of up to 488 kilometers and includes features like heated seats, a large touchscreen, and LED headlights, making it a strong competitor in the affordable EV market.
• The Volkswagen ID.4, with a range of 400 kilometers and a price of $51,228 CAD, combines practical features, robust safety systems, and federal and provincial rebates, reinforcing its status as a convenient and dependable electric vehicle.
• The Kia Niro EV, priced at $47,883 CAD, provides a well-balanced mix of a 407-kilometer range, swift acceleration, and driver assistance features, making it a practical and cost-effective choice for both city and long-distance driving.

Hyundai IONIQ 5

The Hyundai IONIQ 5 is a standout in the world of affordable electric vehicles, offering a solid driving range, quick acceleration, and a plethora of standard features. With an all-electric range of up to 488 kilometers, this vehicle is powered by a robust 77.4 kWh battery, ensuring that long trips are a breeze without frequent stops for charging.

Starting at $48,999 CAD, the Hyundai IONIQ 5 is competitively priced, making it one of the most affordable electric vehicles in its class. This price point, combined with its impressive range, positions it as a strong contender against other popular models like the Tesla Model 3 and Nissan Leaf.

Inside, the IONIQ 5 offers:

• Heated front seats
• 8-way power driver’s seat with height adjustment
• Dual automatic temperature control with a driver-only mode
• Heated steering wheel for those chilly Canadian winters
• 12.3-inch color touchscreen with onboard navigation
• 6-speaker audio system

These features ensure that drivers and passengers stay comfortable, entertained, and informed on the road.

The exterior is equally impressive, with LED Daytime Running Lights (DRL) and automatic headlights as standard. The 19 x 7.5J alloy wheels and 235/55R19 tires not only add to the vehicle’s aesthetic appeal but also enhance its performance and handling on various road conditions.

Comparing the IONIQ 5 to other EVs, its range and features make it a compelling choice. While it might not have the same brand recognition as the Tesla Model 3, it holds its own with a more affordable price tag and a comparable electric driving range. Additionally, the standard features and comfort levels rival those of more expensive models like the Hyundai Kona Electric and Kia Niro.

Ultimately, the Hyundai IONIQ 5 strikes an ideal balance between range, cost, and features, making it a superb option for those considering an electric vehicle. Be it for everyday commuting or long-distance travel, the IONIQ 5 guarantees a comfortable and stylish journey, all while keeping your budget intact.

Volkswagen ID.4

The Volkswagen ID.4 is another excellent option for those seeking a balance of range, affordability, and features in an electric vehicle. Here are some key features of the ID.4:

• Range of 400 kilometers under normal driving conditions
• Ability to handle both daily commutes and longer trips without frequent charging stops
• 135-kW DC fast charger, allowing you to achieve approximately 100 kilometers of range in just 10 minutes

These features make the ID.4 perfect for those looking for a convenient and efficient electric vehicle.

Starting at an MSRP of $51,228, the Volkswagen ID.4 is slightly more expensive than some of its competitors, but it makes up for it with its robust feature set and eligibility for both federal and provincial rebates, which can significantly lower the effective purchase price. These rebates ensure that the ID.4 remains within reach for many buyers looking for affordable electric vehicles.

Safety is a key selling point for the ID.4. Equipped with a suite of standard safety features, it includes:

• Front and rear parking sensors
• Blind spot monitoring
• Adaptive cruise control
• Automatic high beam headlights
• Automatic emergency braking with pedestrian detection

These features provide comprehensive safety for both the driver and pedestrians. These features not only enhance safety but also provide peace of mind for drivers and passengers alike.

In terms of design and comfort, the ID.4 doesn’t disappoint. It boasts:

• Fresh styling that sets it apart from other EVs in its class
• A spacious interior that ensures ample room for both drivers and passengers to relax
• The inclusion of CarPlay and Android Auto, making it easy to stay connected on the go

All of these features, including all wheel drive, add to the overall driving experience.

Comparing the ID.4 to other EVs like the Hyundai Kona Electric and BMW iX, it holds its ground well. While it may not have the same luxury appeal as the BMW iX, it offers a more affordable price point and a solid range, making it a practical choice for many buyers.

To sum up, the Volkswagen ID.4 offers a comprehensive electric vehicle package of range, safety, and comfort. It serves as a compelling option for both EV newcomers and those planning to upgrade from an older model, promising not to let you down.

Kia Niro EV

The Kia Niro EV is a strong contender in the affordable electric vehicle market, boasting the following features:

• EPA-estimated all-electric driving range of 407 kilometers
• Excellent choice for both city driving and longer trips
• Impressive acceleration, going from 0-60 MPH in just 7.1 seconds thanks to its 201 hp electric motor

With a starting price of $47,883 CAD, the Kia Niro EV is competitively priced, and buyers can take advantage of up to $13,000 in electric vehicle rebates depending on their province of residence. These rebates significantly reduce the overall cost, making it one of the most affordable electric vehicles on the market today.

Inside, the Niro EV offers a blend of practicality and technology. It features dual panoramic displays that combine for a total of 20.5 inches of screen space, providing a modern and intuitive interface for drivers. Heated seats and an available heated steering wheel ensure comfort during cold weather, which is a significant advantage in regions with harsh winters.

The Niro EV also stands out with its impressive list of driver assistance features. Standard features include Forward Collision-Avoidance Assist and Lane Following Assist, enhancing safety and providing additional peace of mind for drivers. The smart power tailgate adds a layer of convenience, making it easy to load and unload cargo.

Practicality is another strong suit of the Kia Niro EV. It offers more passenger room and cargo space compared to competitors like the Tesla Model 3, making it a great option for families or those who frequently carry larger loads. Additionally, the heat pump system helps preserve the driving range in cold weather by reducing the energy needed to warm the cabin.

Ultimately, the Kia Niro EV blends range, cost-effectiveness, and practicality, making it an outstanding choice for a diverse group of buyers. Regardless of whether you need an EV for daily travel or longer journeys, the Niro EV provides an attractive offering that meets all criteria.

Tesla Model 3 Standard Range Plus

The Tesla Model 3 Standard Range Plus is a name that needs no introduction in the world of electric vehicles. Known for its sleek design and advanced technology, this model offers:

• An impressive range of 438 kilometers
• One of the best options for those seeking both performance and range
• Priced at $50,990 CAD, making it the most affordable Tesla model

This brings the brand’s cutting-edge technology to a broader audience.

One of the standout features of the Tesla Model 3 is its massive touchscreen infotainment system. This 15-inch display controls almost all of the car’s functions, including:

• Navigation
• Climate control
• Automatic emergency braking
• Adaptive cruise control
• Full self-driving capabilities

Rear passengers are also treated to an 8-inch touchscreen for climate controls and entertainment, ensuring that everyone in the car remains comfortable and entertained.

Safety is a paramount concern for Tesla, and the Model 3 Standard Range Plus is no exception. It comes with a suite of standard safety features, including automated emergency braking and lane-departure warning with lane-keeping assist. These features enhance the vehicle’s safety ratings, offering peace of mind for both drivers and passengers.

The 2024 Tesla Model 3 boasts the following features:

• All-new interior design with wraparound styling
• Customizable ambient lighting
• Quieter cabin with 360-degree acoustic glass
• All-glass roof that protects from harmful UV rays
• Spacious feel

These enhancements make the driving experience not only safer but also more enjoyable.

When compared to other EVs like the Hyundai Kona Electric and the Nissan Leaf, the Tesla Model 3 offers a superior blend of technology, range, and performance. Its advanced features and sleek design make it a top choice for tech-savvy buyers looking for an affordable yet high-performing electric vehicle.

All things considered, the Tesla Model 3 Standard Range Plus presents an enticing proposition for anyone venturing into the realm of electric vehicles. Its mix of range, cutting-edge technology, and safety enhancements sets it apart in the EV marketplace.

Nissan LEAF e+

The Nissan LEAF e+ continues to be a popular choice among affordable electric vehicles, offering a range of 349 kilometers. While it may not match the range of some of its competitors, it compensates with a lower starting price of $41,248 CAD, making it accessible to a broader audience and a strong contender for the title of the cheapest electric car. In the market for the cheapest electric cars, the Nissan LEAF e+ stands out as a top option.

Inside, the 2024 Nissan LEAF e+ is equipped with a range of comfort and convenience features, including:

• Heated seats
• 8-inch infotainment system
• Four USB ports
• Automatic climate control

These features ensure that both drivers and passengers enjoy a comfortable and connected ride.

Performance-wise, the LEAF e+ offers:

• Strong acceleration
• A smooth, quiet driving experience
• The e-Pedal feature, which allows for one-pedal driving, making it more engaging and fun to drive while also improving efficiency.

Safety is another strong point for the Nissan LEAF e+. It offers the following safety features:

• ProPILOT Assist
• Forward collision warning
• Lane-keeping assistance
• Blind spot monitoring
• Adaptive cruise control

These features enhance safety and provide additional peace of mind for drivers.

Although the Nissan LEAF e+ lacks a front trunk (frunk) space, unlike many other electric vehicles, it offers ample cargo room with 668 liters of space, expanding to 850 liters with the rear seats folded down. This ensures that the LEAF e+ can handle the demands of daily life, whether it’s grocery shopping or weekend getaways.

To summarize, the Nissan LEAF e+ presents a persuasive combination of cost-effectiveness, performance, and safety. Although it might not boast the longest range, its features and price point position it as a strong choice for those aiming to transition to an electric vehicle without stretching their budget.

Chevrolet Bolt EV

The Chevrolet Bolt EV is a standout in the realm of affordable electric vehicles, offering a driving range of 417 kilometers on a full charge. This range makes it a practical choice for both daily commutes and longer trips, minimizing the need for frequent charging stops. With the introduction of the Equinox EV, Chevrolet continues to expand its lineup of electric vehicles, making them more accessible to a wider audience.

Priced at $41,147 CAD, the Bolt EV is one of the most affordable electric vehicles on the market. It also qualifies for a $5,000 federal rebate, further reducing the cost and making it an even more attractive option for budget-conscious buyers.

Performance is a key highlight of the Bolt EV, which is equipped with a 200-horsepower electric motor. It can accelerate from 0 to 96 km/h in just 6.5 seconds, thanks to features like One Pedal Driving, Regen on Demand™, and Sport Mode. These capabilities ensure a dynamic and enjoyable driving experience, whether you’re navigating city streets or cruising on the highway.

The interior of the Bolt EV is designed with comfort and convenience in mind. It offers 915 mm of rear-seat legroom, ensuring that passengers have ample space to relax. The maximum cargo volume of 1,614 liters provides plenty of room for luggage, groceries, and other essentials, making it a versatile option for various needs.

Technology is another strong suit of the Bolt EV. It features a 10.2-inch diagonal color touchscreen with the Chevrolet Infotainment 3 Plus System, providing an intuitive and connected driving experience. Standard safety features include Chevrolet Safety Assist, a suite of advanced safety technologies and driver-assistance features that enhance safety and provide peace of mind.

To conclude, the Chevrolet Bolt EV amalgamates remarkable range, cost-effectiveness, and performance, positioning it as a top pick for those considering a shift to an electric vehicle. Its roomy interior, state-of-the-art technology, and safety enhancements cater to the requirements of a diverse group of drivers.

Hyundai KONA Electric

The Hyundai KONA Electric is a well-rounded electric vehicle that offers:

• A range of up to 415 kilometers
• Practicality for both city driving and longer trips
• A starting price of $49,074 CAD
• Qualification for a $5,000 federal rebate, enhancing its affordability.

One of the standout features of the 2024 Hyundai KONA Electric is its redesigned interior, which includes:

• Longer, wider, and roomier space
• Dual 12.3-inch display setup for vehicle info and infotainment
• Wireless Apple CarPlay and Android Auto
• Heated steering wheel

These features add to the overall comfort and convenience of the vehicle.

The KONA Electric offers two battery pack options: a 48.6-kWh battery and a 64.8-kWh battery. This allows buyers to choose the option that best suits their driving needs and budget. The front-wheel drive configuration ensures a stable and responsive driving experience, making it a pleasure to drive in various conditions.

In terms of exterior design, the KONA Electric boasts a modern and stylish look that sets it apart from other electric vehicles in its class. The seamless integration of technology and design elements ensures that it appeals to a wide range of buyers, from tech enthusiasts to design-conscious individuals.

When compared to other EVs like the Kia Niro and the Tesla Model 3, the Hyundai KONA Electric holds its own with a competitive range and a well-appointed interior. Its combination of range, features, and price makes it a compelling choice for many buyers.

In the final analysis, the Hyundai KONA Electric provides a mixture of range, comfort, and technology, establishing it as a potent competitor in the affordable electric vehicle segment. Regardless of whether you need a daily commuter or a car for extended journeys, the KONA Electric meets all expectations.

Mini Cooper SE

The Mini Cooper SE is a unique and stylish option in the electric vehicle market, known for its compact design and spirited performance. With a driving range of 183 kilometers, it may not match the range of some other EVs, but it makes up for it with its distinctive charm and driving experience.

Priced at $48,150 CAD, the Mini Cooper SE is eligible for up to $13,000 in combined federal and provincial rebates, making it a more affordable option for many buyers. This significant reduction in cost makes it accessible to a wider audience looking for a stylish and fun-to-drive electric vehicle.

Performance is a key highlight of the Mini Cooper SE. It can achieve 0-62 mph in 6.7 seconds, thanks to its 215bhp motor. This quick acceleration and nimble handling make it a joy to drive, especially in urban environments where agility and responsiveness are paramount.

The interior of the Mini Cooper SE is just as impressive as its exterior. It features a large round OLED touchscreen that can be personalized to suit individual preferences. Standard equipment includes a heated steering wheel, cruise control, a reversing camera, and wireless phone charging, ensuring that drivers and passengers enjoy a comfortable and connected ride.

Charging the Mini Cooper SE is convenient and efficient. It can achieve an 80% charge on a DC Fast Charger in just 35 minutes, making it easy to top up the battery during short stops. This quick charging capability adds to the overall convenience and practicality of the vehicle.

To sum up, the Mini Cooper SE offers:

• A distinctive mix of style, performance, and technology
• Compact form
• Rapid acceleration
• Adaptable interior

These features set it apart as a standout choice for those seeking a fun and unique electric vehicle.

Federal and Provincial EV Rebates

Federal and provincial EV rebates play a crucial role in making electric vehicles more affordable for buyers across Canada. These incentives can save buyers thousands of dollars on eligible electric vehicles, significantly reducing the initial purchase price and making EVs accessible to a broader audience.

For instance, the federal rebate for the 2023 Nissan LEAF amounts to $5,000, making this already affordable EV even more attractive. Similarly, the Chevrolet Bolt EV is eligible for the same $5,000 federal rebate, further enhancing its appeal to budget-conscious buyers.

Provincial rebates add another layer of savings. Buyers can save up to $13,000 on the Mini Cooper SE with combined federal and provincial rebates, making this stylish EV a more viable option for many. Provinces that currently offer ZEV-related incentives include:

• British Columbia
• New Brunswick
• Nova Scotia
• Newfoundland and Labrador
• Prince Edward Island
• Quebec
• Yukon

These provinces provide additional financial support to buyers.

Businesses and organizations can also benefit from enhanced first-year capital cost allowance on the purchase of eligible ZEVs. This incentive encourages the adoption of electric vehicles within commercial fleets, contributing to a greener and more sustainable transportation sector.

The combination of federal and provincial rebates makes electric vehicles more affordable and accessible, encouraging more Canadians to make the switch to greener transportation options. These incentives not only reduce the upfront cost but also highlight the government’s commitment to promoting sustainable mobility.

Ultimately, federal and provincial EV rebates play a pivotal role in promoting the uptake of electric vehicles. They increase the affordability and accessibility of EVs, thereby aiding in the reduction of Canada’s overall transportation-related environmental impact.

Benefits of Owning an Electric Vehicle

Owning an electric vehicle comes with a multitude of benefits that go beyond just reducing your carbon footprint. One of the most significant advantages is the lack of tailpipe emissions, which means that once on the road, all-electric vehicles do not emit any pollutants, contributing to cleaner air and a healthier environment.

Another substantial benefit is the potential for lower maintenance costs. Electric motors have only around 20 moving parts compared to over 2,000 in combustion engines, which simplifies maintenance and reduces the likelihood of mechanical failures. Additionally, electric vehicles do not require parts like timing belts and engine oil, further lowering maintenance expenses.

Fuel savings are another major advantage of owning an electric vehicle. Charging an EV at home is significantly more economical than refueling a traditional gasoline car. For example, the annual fuel cost for the 2024 Mini Cooper SE is just $611, showcasing the potential for substantial savings over time.

Electric vehicle batteries, also known as EV batteries, can be recycled up to 95%, contributing to a reduction in environmental impact and promoting sustainability in the automotive industry. This recyclability ensures that the environmental footprint of EVs is minimized throughout their lifecycle.

While electric vehicles often come with higher upfront costs, even the cheapest models starting around $40,000 before incentives, the long-term savings on fuel and maintenance can offset this initial investment. National and provincial rebates further reduce the effective cost, making EVs a more viable option for many buyers.

To sum up, the advantages of owning an electric vehicle go beyond just environmental benefits. Reduced maintenance costs, fuel savings, and potential rebates render EVs an appealing choice for a wide range of buyers. These perks, coupled with the increasing affordability and range of electric vehicles, make them a persuasive option for those aiming to positively impact the environment while reaping the benefits of contemporary automotive technology.

Charging Infrastructure in Canada

Canada’s charging infrastructure for electric vehicles is rapidly expanding, thanks to significant government support and funding. The Canadian government is actively supporting the growth of EV charging infrastructure through various programs and funding commitments, ensuring that charging stations are becoming more accessible across the country.

Natural Resources Canada has approved projects to build over 25,000 EV chargers across the country as of April 2022. This initiative is part of a broader effort to ensure that EV owners have easy access to charging facilities, whether they are at home, at work, or on the go.

Budget 2022 includes an additional $400 million for deploying zero-emission vehicle (ZEV) infrastructure, which will add 50,000 ZEV chargers. This substantial investment underscores the government’s commitment to promoting the adoption of electric vehicles and reducing the nation’s carbon footprint.

The Canada Infrastructure Bank is also playing a crucial role by investing $500 million in large-scale, revenue-generating ZEV charging and refueling infrastructure. These investments are aimed at ensuring that the charging network is robust and capable of supporting the growing number of electric vehicles on Canadian roads.

Accessibility to charging stations is crucial for the widespread adoption of electric vehicles. Local availability can be checked using websites like ChargeHub and PlugShare, which provide information on the location and status of charging stations. Additionally, some provinces offer rebates for the installation of residential chargers, making it easier for homeowners to set up charging solutions at home.

In the final analysis, the growth of Canada’s charging infrastructure is a key element in bolstering the proliferation of electric vehicles. With notable government investment and initiatives targeted at augmenting the quantity of charging stations, EV owners can experience enhanced convenience and assurance, secure in the knowledge that they have access to dependable charging facilities wherever they travel.

How to Choose the Right EV for You

Choosing the right electric vehicle involves considering several factors to ensure that it meets your specific needs and preferences. One of the first things to consider is your daily commute. If it’s 65 kilometers or less, most electric vehicles will easily meet your range needs. For commutes over 100 kilometers, it’s essential to consider longer-range models or ensure there are convenient charging options at your workplace.

The driving experience is another important factor. Electric vehicles, including electric cars, offer almost-instant torque and acceleration, providing a more responsive and enjoyable driving experience compared to traditional gas cars. Features like one-pedal driving and regenerative braking help recapture energy and extend the vehicle’s range, adding to the overall efficiency and driving pleasure.

Fuel savings are a significant consideration when choosing an electric vehicle. While BEVs don’t use gasoline, it’s important to calculate how much you’ll spend on electric charging based on your usage. This calculation can help you understand the potential savings compared to fuel costs for a traditional gas car.

Another crucial factor is the availability of charging infrastructure. Ensure that there are enough charging stations in your area and along your regular routes. Websites like ChargeHub and PlugShare can provide valuable information on the location and status of charging stations, helping you plan your trips and charging stops efficiently.

To conclude, choosing the ideal electric vehicle entails weighing the following factors:

• Your daily commute requirements
• Your driving preferences
• Potential fuel savings
• The availability of charging infrastructure

By taking these factors into account, you can identify an EV that complements your lifestyle and allows you to fully utilize the benefits that electric vehicles bring to the table.

Summary

In summary, the top cheapest new electric vehicles with over 400 kilometers of range in 2024 offer a compelling mix of affordability, performance, and advanced features. Models like the Hyundai IONIQ 5, Volkswagen ID.4, Kia Niro EV, Tesla Model 3 Standard Range Plus, Nissan LEAF e+, Chevrolet Bolt EV, and Hyundai KONA Electric stand out for their impressive range and competitive pricing.

Each of these vehicles brings unique strengths to the table, whether it’s the advanced technology of the Tesla Model 3, the practical features of the Kia Niro EV, or the robust safety features of the Volkswagen ID.4. These options provide a variety of choices for buyers looking to switch to electric vehicles without compromising on range or affordability.

The benefits of owning an electric vehicle extend beyond the immediate cost savings. Lower maintenance expenses, reduced fuel costs, and the environmental advantages of zero-emission driving make EVs an attractive option for many. Additionally, federal and provincial EV rebates significantly reduce the upfront cost, making these vehicles more accessible to a broader audience.

As Canada’s charging infrastructure continues to expand, the convenience and feasibility of owning an electric vehicle will only increase. With substantial government support and investments in charging stations, EV owners can look forward to greater accessibility and ease of use. Now is a great time to consider making the switch to an electric vehicle and enjoy the many benefits they offer.

Frequently Asked Questions

What are the most affordable electric vehicles with over 400 km of range in 2024?

The most affordable electric vehicles with over 400 km of range in 2024 are the Hyundai IONIQ 5, Volkswagen ID.4, Kia Niro EV, Tesla Model 3 Standard Range Plus, Nissan LEAF e+, Chevrolet Bolt EV, and Hyundai KONA Electric.

How much can I save with federal and provincial EV rebates?

You can save up to $13,000 with federal and provincial EV rebates, depending on the vehicle and the province. For example, the Mini Cooper SE can benefit from combined rebates of up to $13,000.

What are the benefits of owning an electric vehicle?

Owning an electric vehicle has numerous benefits such as no tailpipe emissions, lower maintenance costs, fuel savings, potential rebates, and environmentally friendly battery recycling. It’s a great choice to consider for both your wallet and the environment.

How is Canada’s charging infrastructure supporting EV adoption?

Canada’s charging infrastructure is growing thanks to significant government support and funding, including projects approved by Natural Resources Canada and investments by the Canada Infrastructure Bank, which are increasing the accessibility of EV chargers across the country. This is great news for EV adoption in Canada!

What factors should I consider when choosing the right EV for me?

Consider your daily commute, driving experience, fuel savings, and the availability of charging infrastructure when choosing the right EV for you. It’s important to assess how an EV can fit into your daily routine and provide a convenient and enjoyable driving experience.