25May
Electric cars are becoming increasingly popular as people look for more eco-friendly and cost-effective alternatives to traditional gasoline-powered vehicles. Do you still wonder if there are electric cars in Nigeria? The answer is yes, and we are happy to inform you that the Hyundai Kona is the first locally-made EV in the country. The Korean-made 5-passenger C-SUV is produced in Nigeria by Stallion Group, verifiably the country’s first automobile manufacturing company.
With advancements in EV technology, electric cars have become more affordable than ever before, making them an attractive option for many auto shoppers. According to the International Energy Agency (IEA), the EV industry will witness significant growth in sales this year, with the prices for smaller electric car models dropping to uniformity with ICE (internal combustion engine) cars.
“Our current expectation is that we can see price parity in small and medium-sized electric cars in North America and European markets somewhere in the mid-2020s... for larger cars like SUVs and pick-ups, purchasing parity is likely to come later, probably into the 2030s," the head of IEA Timar Guell said. Let's check out the ten most affordable electric cars in the world, from the least expensive to the cheapest.
Electric Cars Brief Overview
Electric cars are vehicles powered by electric motors rather than traditional internal combustion engines. They use rechargeable batteries to store energy, which allows them to run without emitting harmful pollutants into the environment.
Electric cars are becoming increasingly popular due to their environmental benefits, as they produce zero emissions and help to reduce our reliance on fossil fuels.
They also offer several other benefits, including lower fuel costs, reduced maintenance requirements, and a quieter and smoother driving experience.
While electric cars are still more expensive than traditional gasoline-powered vehicles, their prices are becoming more affordable as technology advances and production increases.
The Cheapest Electric Cars
10. Tesla Model 3 – $40,240 (₦18.5 Million)
The Tesla Model 3 is easily the most popular EV in the global automotive market. It can deliver a range of up to 358 miles and a top speed of 145 mph. It is a great car for long commutes and road trips.
The Model 3 has a sleek design and is available in a range of colors. It has a starting price of around $40,000, which is relatively affordable for a Tesla.
9. Hyundai Ioniq Electric – $34,000 (₦15.6 Million)
Although its production ended in July 2022, the Hyundai Ioniq Electric is a stylish electric car with a range of up to 170 miles and a top speed of 103 mph.
It is a great car for commuting and running errands around town. The Ioniq has a sleek design and is available in a range of colors. It had a starting price of around $34,000, which makes it one of the most affordable electric cars on the market.
The rebadged models starting from the Ioniq 5 are significantly more expensive but with better performance.
8. Kia Niro EV – 39,550 (₦18 Million)
The Kia Niro EV is a spacious electric car with a range of up to 239 miles and a top speed of 104 mph. It is a great car for long commutes and road trips.
The Niro EV has a modern design and is available in a range of colors. The 2023 model has a starting price of around $40,000, which makes it one of the more affordable electric cars in its class.
7. Nissan Leaf – $27,800 (₦ 12.8 Million)
The Nissan Leaf is a popular electric car that has been around for several years now. It has a range of up to 150 miles and a top speed of 90 mph, making it suitable for longer commutes as well as city driving.
The Leaf has a sleek design and is available in a range of colors. It is also one of the most affordable electric cars on the market, with a starting price of around $27,000 for the 2023 model.
6. Chevrolet Bolt EV – 27,495 (₦12.7 Million)
The Chevrolet Bolt EV is a popular electric car offering a range of up to 259 miles and a top speed of 91 mph. It is a great car for longer commutes and road trips.
The Bolt EV has a modern design and is available in a range of colors. It has a starting price of around $27,000, which is relatively affordable for an electric car with such a long range.
5. MG ZS EV – $23,990 (₦11 Million)
The MG ZS EV (also known as MG ZX) spacious electric SUV is the product of a partnership[ between Chinese automaker SAIC Motor and British marque MG Motor.
The ZS delivers a range of up to 163 miles and a top speed of 87 mph. It is a great car for families and road trips.
The ZS EV has a modern design and is available in a range of colors. The 2023 model comes with a starting price of around $24,000, which makes it one of the most affordable electric SUVs on the market.
4. Smart EQ Fortwo – $20,000 (₦9.2 Million)
The Smart EQ Fortwo is another compact electric car that's perfect for city driving. With a range of up to 70 miles and a top speed of 81 mph, this car is great for commuting or running errands.
It has a stylish design and is available in a range of colors. The Smart EQ Fortwo has a starting price of around $20,000, making it one of the most affordable electric cars on the market.
3. Volkswagen e-Golf – $10,000 (₦4.6 Million)
Although its production ended in December 2020, the Volkswagen e-Golf is a popular electric car with a range of up to 125 miles and a top speed of 85 mph.
It is a great car for commuting and running errands around town. The e-Golf has a sleek design and is available in a range of colors.
It had a starting price of around $31,000 (around ₦14.2 million), which makes it one of the more affordable electric cars on the market. Today, the e-Golf costs as low as $10,000 for the 2016 model on TrueCar auto listing.
2. BMW i3 – $10,000 (₦4.6 Million)
Like the Ioniq Electric, the i3 also got discontinued in 2022 and had an MSRP of $44,450 (around ₦20.4 million). The BMW i3 is a stylish little electric car that delivered a range of up to 153 miles and a top speed of 93 mph.
It is a great car for commuting and running errands around town. The i3 has a unique design and is available in a range of colors.
Although it had a starting price of around $44,000, which is slightly more expensive than some of the other cars on this list, the i3’s price point was still relatively affordable for an electric car.
Now, however, prices for a used BMW i3 range from as low as $10,000 to $36,000, with mileage ranging from 1,314 to 126,059.
1. Renault Twizy – $7,500 (₦3.450 Million)
The Renault Twizy is a compact electric vehicle perfect for city driving. With a range of up to 62 miles and a top speed of 50 mph, this car is ideal for short commutes or running errands around town.
It has a unique design and is available in a range of colors to suit your personal style. The Twizy is also one of the most affordable electric cars on the market, with a starting price of around $7,500.
Which Electric Car Should You Buy?
Electric cars are becoming more affordable than ever before, making them an attractive option for many consumers who want to reduce their carbon footprint and save on fuel costs.
The ten cars we have reviewed in this article are all relatively affordable electric cars, with prices ranging from around $7,500 for the Renault Twizy to around $40,000 for the Tesla Model 3.
These cars vary in terms of range, speed, and design, so it is important to consider your individual needs and preferences when choosing an electric car.
For example, if you primarily drive in the city and want a compact car, the Renault Twizy or Smart EQ Fortwo might be the best choice for you. If you need a car with a longer range for longer commutes or road trips, the Kia Niro EV or Chevrolet Bolt EV might be a better choice.
Summarily, the increasing affordability of electric cars is a positive development for the environment and for consumers who want to save money on fuel costs. With more and more electric cars hitting the market each year, there has never been a better time to consider making the switch to an electric vehicle.
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