The electric vehicle (EV) market has exploded with choices. Just five years ago, finding a new EV under $60,000 was a challenge. Today, over triple the number of options are available, including models from established brands and a surge of competition from Chinese manufacturers like BYD, Chery, and GWM. This means consumers have an embarrassment of riches, but also requires careful consideration to find the right fit.
The Shift in the Market: The sudden availability of affordable EVs is due to several factors. First, battery technology has improved, driving down costs. Second, Chinese automakers have entered the market aggressively, offering competitive pricing. Finally, legacy brands like Kia, Toyota, and Volkswagen are now offering EV options within this price range to stay competitive. This trend is likely to continue as governments worldwide push for EV adoption through incentives and stricter emission standards.
Expert Picks: Which EV to Buy?
The CarExpert editorial team shared their top picks. Here’s a breakdown of the leading contenders:
- BYD Atto 1 ($24,000): Alborz Fallah recommends this model as the ideal urban runabout. Its affordability and tech-rich interior make it a steal for short commutes and daily tasks. The 220km range is sufficient for most city dwellers.
- MG 4 Excite 51 ($37,990 drive-away): Marton Pettendy highlights the MG 4’s value, suggesting pairing it with a home solar system for charging. Its rear-drive setup offers a surprisingly enjoyable driving experience in a practical package.
- Skoda Elroq ($54,990 before on-roads): Multiple team members (Ben Zachariah, Damion Smy) favor the Elroq for its blend of style, performance (210kW, 0-100km/h in under 7 seconds), and practicality. The rear-wheel drive and 540km range make it a compelling choice.
- Kia EV5 ($59,990 before on-roads): Sean Lander suggests the Kia EV5 as a sensible option. It offers space, reasonable range, and a familiar car-like experience, making it a comfortable transition for those new to EVs.
- Hyundai Ioniq 6 Epiq ($59,990 drive-away): William Stopford points to the heavily discounted Epiq model as a potentially great value. While it’s an older model year, the savings are significant.
- MG 4 Essence 64 ($42,500 drive-away): James Wong champions the MG 4 for its continued value in 2026. The rear-drive setup and over 400km range make it a strong contender.
- BYD Seal Premium ($57,000 drive-away): Max Davies recommends the Seal for its engaging driving experience, rear-wheel drive, and a usable 570km range.
Why This Matters: The Future of Affordable EVs
The proliferation of EVs under $60,000 is a significant development. It democratizes EV ownership, making it accessible to a broader range of buyers. This, in turn, accelerates the transition away from fossil fuels. The increasing competition also forces manufacturers to innovate, leading to better technology and lower prices.
However, consumers should be aware of potential trade-offs. Some models may have limited features or lower build quality compared to more expensive EVs. Depreciation could also be a concern with certain models, especially those heavily discounted.
In conclusion, the sub-$60,000 EV market is now thriving with options. Buyers can choose from a diverse range of vehicles, each offering a unique blend of affordability, features, and driving experience. The key is to research carefully and prioritize your needs to find the perfect fit.
