U.S.’ Most Affordable BEVs Per Mile Of Range: Comparison

FEB 22 2019 BY MARK KANE 9

Today’s low is approximately $145 per mile of range.

Good news is coming – decreasing battery prices and bigger battery packs for long-range models, as well as higher production volume, are translating into a much lower ratio of price (MSRP + destination charge) per mile of EPA range. Here is our comparison for the U.S. market.

The top model is currently the all-new Hyundai Kona Electric (first was delivered in February), which noted $145 per mile of EPA range. If we include the $7,500 federal tax credit, the effective price per mile of range drops to $116, but of course, we are most interested in the base value to recognize progress regardless of a layer of incentives.

The second best Chevrolet Bolt EV stays at its $158/mile, but it could change from April, when GM will lose half of its available federal tax credit (at least Tesla lowered prices a little bit after switching to $3,750).

In the next two places, we see Tesla Model 3Long Range and Mid-Range at $165 and $167 per mile, respectively. Without the introduction of the Standard battery version there is probably no way to improve the ratio, although we must remember that Tesla is a premium brand, compared to the more mainstream Chevrolet and Hyundai, which affects the results.

The Nissan LEAF 40 kWh struggles to break into $200 and at least take over the Model 3 Performance, which indicates there is a room for lower prices (should be at least, but maybe not at such a low sales level in the U.S.). Time will tell how much better the 62 kWh version will be.

At the other end of the list, the fanciest of BEVs, high-end or ultra-short-range, can cost you $400-$500 per mile of range.

BEVs price (MSRP + DST) per mile of EPA range comparison

*some models estimated

Categories: Chevrolet, Comparison, Hyundai, Tesla

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9 Comments on "U.S.’ Most Affordable BEVs Per Mile Of Range: Comparison"

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I don’t think you can compare MSRP with Kona. The way things are looking with limited availability, it’ll sell like Tesla (ie, MSRP) + dealer markup.

It will be interesting to compare Truecar data for all cars later in the year for realistic comparison. It won’t be Bolt due to tax credit cut in half starting Apr. I suspect it’ll be Leaf due to discounts.

Except Tesla doens’t have a dealer markup. The price is the price everyone pays…

The Leaf Plus has as much availability as the Hyundai Kona right now and will probably be a lot more available for the next year. The Leaf Plus is probably going to have the same issues as the Leaf but will probably be a good buy for people that only care about $/mile of range. The Leaf Plus should be on this list.

So the Bolt is the winner, as the Kona is unavailable, followed by a bazzilion Teslas.

But not a winner due to demand which is an important distinction — https://insideevs.com/hyundai-cant-ship-kona-electric-crazy-demand/

The Kona is basically irrelevant since it is made from unobtainium. If you are lucky enough to get one, you’ll be part of a pretty exclusive club.

So the Bolt technically wins, but there’s a strong argument the M3 is a much better value since you get so much more car for not that much more money.

I heard the battery had Unobtainium as a key component…

Funny. I don’t remember this level of hullabaloo when the Bolt EV was the cheapest EV per mile for the last two years running. Effectively, it still is.

The Kia e-Niro should be on this list as well.