Best US Electric Vehicle Prices and Deals in High Demand Market
Do you want to buy an electric vehicle right now? Like everyone else, apparently. In-stock dealer EV inventory is sparse at best, if not completely depleted, despite a high average transaction price north of $66,000. But don’t lose hope – there are relative bargains that are priced below $66,000, sell for close to MSRP, and are available for delivery sooner rather than later.
As always, check out our Guide to the best prices of electric vehicles and Best Electric Vehicle Rental Guide for prices and offers on electric vehicles in the United States.
Chevrolet Bolt EV and EUV
Based on our latest survey of current dealer inventory, the Bolt EV and EUV are the most available electric vehicles in the country. Add to that our review this week calling the Chevy Bolt the best value in America. However, many of these vehicles are “in transit”, “reserved”, “awaiting sale” or otherwise immediately unavailable. The good news is that the wait time for vehicles in transit seems to be rather short, measured in days and weeks rather than months.
Chevrolet began announcing huge discounts on its 2022 Bolt lineup shortly after announcing a $6,000 price drop for 2023 models. A new Bolt EV can now be had for as little as $26,595 after a $5,900 off, while a $6,300 off a Bolt EUV cuts its net cost to $28,195 before taxes, licensing and any state incentives.
We found a number of dealerships advertising their inventory at MSRP before discounts, a welcome sight in a market where the average transaction price for a non-luxury vehicle is $1,017 above MSRP. Our latest analysis of data from new car pricing websites aligns with the numbers we see in online dealer inventories, with the fair value of a 2022 Bolt EV/EUV averaging $335 below the MSRP before discounts apply. It’s the best we’ve seen in months for any electric vehicle.
Prefer to rent? If so, Chevrolet continues to be the king of low-cost electric vehicle rentals by bringing the Bolt EV to $219/month for 36 months, $2,849 due at signing, which calculates an average monthly cost of $292 before taxes and licensing. Their Bolt EUV lease is slightly higher with an average monthly cost of $315/month. Both offers reduced factory lease terms for the Nissan LEAF S ($382-$438/month), Hyundai Kona Electric ($380/month), Mazda MX-30 ($355/month) and Nissan LEAF SL Plus ($544-$587/month) a noticeable amount. Search for deals on a Chevrolet Bolt EV Where EUV bolt in your region.
2022 Chevrolet Bolt EV: MSRP $32,495 (1LT). 5-seat, 4-door crossover. Range: 259 miles. Cargo space: 16.6 cu. ft.; 57 cubic feet with the rear seats folded down. 0-100km/h: 6.5s.
2022 Chevrolet Bolt EUV: MSRP $34,495 (LT). 5-seat, 4-door crossover. Range: 247 miles. Cargo space: 16.3 cu. ft.; 56.9 cu. ft. with rear seats folded down. 0-100 km/h: 6.7 sec.
The ID.4 has been virtually non-existent in dealer inventory for much of the year, that is until recently when 2022 models of the ID.4 started arriving in VW showrooms across the country. It’s now among the most available EVs we’ve seen, and the supply should improve further this fall with the recent start of production of the ID.4 in Chattanooga, Tennessee.
When it comes to pricing, we came across two dealerships – Our VW in Texas and O’Meara VW in Colorado – which discount the ID.4 by more than $1,000. Extraordinary, given that most other Volkswagen retailers list their inventory at MSRP, and data we gathered from various new-car pricing websites shows an average markup of $663. The gap is worse in the San Francisco/San Jose area, where fair price estimates range from $339 below MSRP to $4,561 above MSRP – so buyers in that area really need to shop around and negotiate to avoid being scammed. Check VW ID.4 availability and prices in your area.
2022 Volkswagen ID.4: MSRP $42,525 (Pro S RWD), $50,705 (Pro S AWD). 5-seat, 4-door SUV. Range: 280 mi (Pro RWD), 245 mi (Pro S AWD). Cargo space: 30.3 cu. ft.; 64.2 cu. ft. with rear seats folded down. 0-100km/h: 7.7s(RWD), 5.7s(AWD) Eligibility for a federal tax credit of $7,500 for electric vehicles.
Thinking of ordering a basic Model 3 but don’t want to wait until the end of the year to own one? Check out the BMW i4 eDrive40, currently in stock at many dealerships with more on the way. Unlike GM or Tesla, BMW electrics are still eligible for the $7,500 federal electric vehicle tax credit, which cuts the cost of the i4 from its MSRP of $56,395 to $48,895, or only $455 more than the Model 3. Besides a faster delivery time, that extra $455 for the i4 still buys 34 miles of EPA-estimated range (301 miles, versus 267 miles for the standard Model line 3) and an arguably more versatile hatchback configuration. What is sacrificed, however, is half the cargo capacity behind the rear seats, no frunk, and the drive/park assist features that are standard on the Model 3 but not included in the base price of the i4 eDrive40.
Do you feel the need for speed? There’s the i4 M50, the all-wheel-drive version of the i4 that goes from zero to 60 in 3.7 seconds. That’s about half a second faster than Tesla’s Model 3 Long Range and six-tenths slower than the Model 3 Performance. Coincidentally (or maybe not), its cost after applying the $7,500 federal electric vehicle tax rebate and adding driver aid nets and parking aids to 62 $200 – about halfway between the long-range and performance versions of Tesla’s Model 3. While the i4 M50’s straight-line performance and price appear to be on par with its Tesla rivals, its 270-mile range is not, so it will stop 45 miles from the two comparable Model 3 versions. when it runs out a full charge.
From a dealer pricing perspective, we couldn’t find a single dealer that deviated from the MSRP on their website – a policy that seemed to have been adopted by BMW retailers across the country a few years ago. soon after we started researching and tracking EV dealer discounts. So, turning to data collected from new car pricing websites for guidance, the fair price on an i4 eDrive40 seems to average just $298 over MSRP. The variance was the worst in – you guessed it – the San Francisco/San Jose area, with prices ranging from a discount of $852 to a markup of $4,117. Find the best BMW i4 prices in your area.
2022 BMW i4: MSRP $56,395 (eDrive40), $67,300 (M50). 5-seater 4-door liftback saloon. Range: 301 mi (eDrive40), 270 mi (M50). Cargo space: 10 cubic feet. 0-100km/h: 5.5s (eDrive40), 3.7s (M50). Eligibility for a federal tax credit of $7,500 for electric vehicles.
Hyundai IONIQ 5: This rolling work of art is becoming increasingly difficult to find in the field. We estimate it now accounts for less than 5% of all new EVs available in dealer inventory, thanks in part to prime-time commercials featuring Jason Bateman. Most of the Hyundai dealership websites we follow that once listed their IONIQ 5 stock at MSRP now report market adjustments of at least $3,000 or add dealer-installed options up to $5,000. And guess what? We, the public, simply pay for it. Apparently the car is so good. Data from new car pricing websites confirms this with an average fair value price that has risen to $3,569 from MSRP. That said, we found dealers bucking the trend, including Larry H. Miller Hyundai in Arizona (all IONIQ 5 stocks listed on the MSRP) and Mission Hills Hyundai in the Los Angeles area (MSRP plus a $1,495 “protection package”). Find the best Hyundai IONIQ 5 prices near you.
Kia EV6: Rather than relying on star power to sell its flagship electric vehicle, Kia chose to employ a robot dog to tug at our hearts, first during the Super Bowl and then in the months that followed during slots. prime time television. Must have worked, because like its retro-styled platform sibling (IONIQ 5), buyers have been pushing the EV6’s fair market value higher and higher – now at an average markup of $4,297 by our estimate. and that’s on top of a $500 increase in MSRP on all trim levels. Stock vehicles are rare, but there are a few that can be purchased at a reasonable price. For instance, Classic Kia in Texas advertises an EV6 just $90 above MSRP, and Doral Kia in Florida offers an EV6 at MSRP plus a dealer fee of $999. Check Kia EV6 prices in your area.
Genesis GV60: The Genesis GV60 is Hyundai Motor Group’s latest model based on its E-GMP platform to reach US shores, and it’s the most expensive, with an MSRP that starts at $59,985. Distribution is currently limited to California, Connecticut, New York and New Jersey. Genesis of the North Shore in New York and Santa Monica Genesis in Los Angeles are currently listing their stock at MSRP, but if history repeats itself, dealer prices will rise in the coming months as awareness of the model increases. Genesis of Stevens Creek in the San Francisco/San Jose area has already jumped on this trend and lists every GV60 they have available with a “market adjustment” of $7,000. Check Genesis GV60 availability and pricing in your area.
As always, check out our Guide to the Best Prices for Electric Vehicles and our Guide to the Best Rentals for Electric Vehicles for prices and offers on electric vehicles in the United States.
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