Hello and welcome to the Out of Spec guide! I’m Max, joined by my colleague Ryan. Today, we’re diving into the world of EVs and discussing some of the best options available for under $25,000. The EV market has been evolving rapidly, and there are some great deals to be found, especially at the budget end of the market.
One important threshold to keep in mind is the $225,000 limit for the used federal tax credit. This credit can be up to $4,000, which is a significant discount for those in the market for a new EV. It’s important to be aware of the income caps and other requirements for this credit, so be sure to do your research before making a purchase.
We discussed a range of EVs that are currently available for under $25,000, including the Chevy Bolt EV, Hyundai Kona Electric, Hyundai Niro, Polestar 2, Tesla Model 3, BMW i3, Kia Soul EV, Mazda MX-30, Mini SE, Nissan Leaf, and Nissan Ariya. Each of these vehicles has its own unique features and benefits, so it’s important to consider your specific needs and preferences when choosing the right EV for you.
Some honorable mentions include the Audi e-tron and the Kia EV6, which may become more affordable in the near future. It’s important to keep an eye on the market and be open to new opportunities as they arise.
Overall, the EV market is full of exciting options for budget-conscious buyers, and with a little research and patience, you can find a great deal on a high-quality electric vehicle. Thank you for joining us on this journey through the world of EVs, and we look forward to seeing you in the next one. Happy driving!
