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As the federal government phases out valuable electric vehicle (EV) tax credits, experts agree that now is a pivotal time to consider purchasing an affordable EV with low repair costs. These incentives, up to $7,500 for new and $4,000 for used cars, are driving buyers to act before they expire at the end of September.
“As the EV sector approaches the end of its federal incentive phase, we’re observing a significant increase in consumer purchases,” said Tyson Jominy, senior VP at J.D. Power. Notably, sales are up year-over-year. Furthermore, this growth extends to plug-in hybrids and hybrid EVs.
The continuous advancement in battery technology and reductions in EV costs reinforce the importance of considering electric vehicles today. For instance, Kelley Blue Book’s August 2025 report reveals a 4.2% decrease in average EV prices compared to last year. Meanwhile, gas-powered vehicles have seen a 1.5% price rise.
Common EV Repairs
As you contemplate an EV purchase, it’s essential to budget for not just the initial investment but also ongoing expenses. Key maintenance areas for EVs include battery cooling systems, onboard chargers, and suspension components. However, some experts, like Alex Black from EpicVIN, assert that with the right model, maintenance costs may only be $200 to $400 annually, on par with traditional vehicles.
Additionally, common concerns include tire wear due to instant torque, auxiliary battery replacements, and requisite software updates. These repairs are part of the unique landscape of owning an EV but can be managed with informed choices.
Top Affordable EVs and Their Cost Benefits
Looking for an EV that offers the most value with minimal repair costs? Consider these reliable options:
Chevrolet Bolt EV/Bolt EUV
The Chevrolet Bolt EV and its SUV counterpart, the Bolt EUV, have been popular for their reasonable price and reliable performance according to Car and Driver. Although recently discontinued, the Bolt will make a comeback in 2027, promising a budget-friendly price under $35,000. This model is an excellent choice for those seeking an affordable yet efficient EV solution.
Tesla Model 3
The Tesla Model 3 stands out as the second most popular EV in the U.S. Known for cost-effective operation, a Self study highlights its average annual cost of $5,061. It combines impressive performance with affordable maintenance, making it a smart option for budget-conscious buyers.
Hyundai Kona Electric
The Hyundai Kona Electric is a smart choice for those who prioritize affordability and warranty. It boasts a 5-year basic warranty and an impressive tested range of 308 miles, outperforming EPA estimates. Its simplicity and reliability make it a practical option, ensuring lower repair costs.
Nissan Leaf
The Nissan Leaf remains a staple in the realm of affordable EVs. Priced at $29,280, it continues to be one of the most economical choices for a new electric car. It offers a reliable and cost-effective driving experience. TopSpeed ranked it as the lowest in five-year ownership costs, underlining its economic and environmental advantages.
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