this post was submitted on 12 Mar 2025
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Electric Vehicles
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$30k to $35k isn’t really “affordable”. I am pleasantly surprised by the 372 mile range though.
30k to 35k is affordable for a new car. The average price for a new car in 2024 was $47870, and an Edmunds survey shows new car buyers are looking for $35k or less.
So it's affordable relative to other overpriced vehicles but not necessarily relative to income.
It’s affordable for people looking for a new car, people with lower income would look for a used car, or would not be in the market at all.
It's affordable "relative to other EVs" would be more appropriate. The only other mainstream subcompact SUV EV at that price range is the Hyundai Kona I believe. And between that and this, I'd definitely choose the Toyota.
Depends on the market. There are much more affordable EVs in Europe that aren’t sold in North America. Like the VW ID.2 and the Renault EV 5 and similar Skoda EVs.
Kia used to sell a reasonably priced EV Soul, but they quit making it and now they sell the EV3 for over $10k more. Same scenario with GM and the Bolt.
I will be interested to see how much GM will charge for their updated Bolt when it ships. In the meantime you’re probably better off buying a used 2021 or later EV if you want affordable in North America.
Ah for sure, I was only thinking about the US market with my comment. I would’ve loved the Soul EV if it was available. I owned the gas version and it was very roomy for such a compact car. Either way, it would be good for Toyota to release a more “affordable” EV as I would trust their reliability more than GM and Hyundai/Kia.