The 10 Most Value For Money Electric Cars On The Market Today
As the electric vehicle[1] segment becomes more competitive by the year, the choice of which model to invest in becomes a little more difficult. Almost every segment has seen tremendous growth over the last few years, with new models entering the market to compete with the existing nameplates that haven't stopped developing. Typically, electric cars are more expensive than their gas-powered counterparts.
This is primarily due to the increased costs and complexity of production, even if the cars have fewer moving parts overall. However, there's still a solid bunch of EVs that offer all the performance and efficiency benefits at a price tag that can most definitely be justified in their own ways. Here's a look at 10 electric cars that offer standout value for money in 2024.
In order to give you the most up-to-date and accurate information possible, the data used to compile this article was sourced from various manufacturer websites and other authoritative sources, including fueleconomy.gov and Consumer Reports. The models below have been ranked based on their starting MSRP.
Model Overview
2024 Porsche Taycan: A Comprehensive Guide On Features, Specs, And Pricing[2]
The Porsche Taycan continues its campaign as a desirable performance EV sedan in 2024, and here's what you need to know about it.
10 2025 Porsche Taycan
Starting MSRP: £99,400
Porsche
One electric sedan that has been at the forefront of the performance segment ever since its first release back in 2019 is the Porsche Taycan[3]. Over the years, the Taycan has received its fair share of updates, but none as significant as the changes made for the 2025 model year[4].
At its base, the 2025 Taycan starts at £99,400, whereas the 2024 Taycan starts at £8,500 less.
Performance Specifications
Setup Single Electric Motor with 89 kWh Battery Transmission
Single-Speed Automatic Horsepower
402 HP Torque
302 LB-FT Driveline RWD
0-60 MPH
4.5 Seconds Top Speed
143 MPH EPA-Estimated Range
208 Miles kWh/100 Miles
41 kWh/100 Miles This makes the 2025 Taycan the most expensive model on this list by some margin, but the performance combined with opulence makes the price increase compared to last year's model worth it.
You get up to 402 horsepower and 302 pound-feet of torque in the 2025 Taycan as standard, allowing the sports sedan to go from 0 to 60 miles per hour in just 4.5 seconds. It also charges in 18 minutes, along with the digital, intuitive cabin layout complete with either Alcantara or leather upholstery.
9 2024 Mercedes EQE Sedan
Starting MSRP: £74,900
Mercedes-Benz
Another German manufacturer that will offer a solid range of EVs in 2024 is Mercedes-Benz, even if the brand is turning back on its future plans for an all-electric platform. You have the choice between two electric sedans from Mercedes-Benz, with the EQE[5] being the cheapest at £74,900.
This is by no means cheap, however, but it's considerably less than the EQS, which starts at £104,400.
Performance Specifications
Setup Single Electric Motor with 90.6 kWh Battery Transmission
Single-Speed Automatic Horsepower
288 HP Torque
564 LB-FT Driveline RWD
0-60 MPH
6.2 Seconds Top Speed N/A
EPA-Estimated Range
298 Miles Payload Capacity
35 kWh/100 Miles While the 2024 EQE sedan offers efficiency ratings that fall short of the EQS, the entry-level EV for the brand comes with all the latest cutting-edge technology[6] and top-of-the-range finishes throughout the cabin.
The MBUX Hyperscreen takes center stage inside, along with features such as EQE Sound Experiences that fine-tune the cabin noise to your driving style and mood. Total range is 298 miles, keeping it competitive with some of its closest rivals.
8 2024 Genesis Electrified G80
Starting MSRP: £74,375
Genesis
Moving over to the leading Asian brands on the EV market, Genesis finds itself competing with the very best luxury brands in the world[7]. While the South Korean brand doesn't have a massive range of EVs in 2024, the Flagship Electrified G80[8] builds on the gas-powered G80's class-leading opulence and convenience, adding an extra slice of performance and efficiency.
Pricing for the 2024 Electrified G80 starts at £74,375, slightly below the EQE.
Performance Specifications
Setup Dual Electric Motors with 87.2 kWh Battery Transmission
Single-Speed Automatic Horsepower
365 HP Torque
516 LB-FT Driveline AWD
0-60 MPH
4.1 Seconds Top Speed
140 MPH EPA-Estimated Range
282 Miles kWh/100 Miles
35 kWh/100 Miles In terms of design and features, the electric model is essentially identical to the gas-powered version.
This includes Nappa leather upholstery, forged wooden trims, and the 14.5-inch center touchscreen display. You also get all-wheel-drive as standard with the dual-electric motor setup, delivering 365 horsepower and 516 pound-feet of torque[9]. The range does fall slightly short of the EQE, but still offers 282 miles on a single charge.
Model Overview
2024 Lucid Air: A Comprehensive Guide On Features, Specs, And Pricing[10]
The Lucid Air is one of the most impressive all-electric cars on the market and this comprehensive guide dives into every little detail.
7 2024 Lucid Air
Starting MSRP: £69,900
Lucid
Another standout brand within the luxury EV segment is Lucid Motors, which has been redefining and setting new standards within its niche.
The flagship model for the brand currently is the Lucid Air[11] sedan, which comes in four different trims. While the higher trims tend to garner more attention, the base Pure trim manages to offer outstanding capabilities[12] and luxury at a lower price than most rivals. Unfortunately, despite the Lucid Air being produced in America, its starting price of £69,900 makes it too expensive to qualify for federal tax credit.
The cutoff point is £55,000 for sedans.
Performance Specifications
Setup Single Electric Motor with 88 kWh Battery Transmission
Single-Speed Automatic Horsepower
430 HP Torque
406 LB-FT Driveline RWD
0-60 MPH
4.5 Seconds Top Speed
124 MPH EPA-Estimated Range
419 Miles kWh/100 Miles
25 kWh/100 Miles With a single electric motor driving the rear wheels in the 2024 Air Pure, you get a solid 430 horsepower and 406 pound-feet of torque.
Managing to reach 60 miles per hour in just 4.5 seconds, the Air Pure doesn't forget about its overall range, with the EPA estimating a 419-mile range on a single charge. Inside, you get the PurLuxe leather alternative, with the option to upgrade to genuine leather.
6 2024 BMW i5
Starting MSRP: £66,800
BMW
One of the Lucid Air's competitors that comes in cheaper is the BMW i5[13]. Sitting in the middle of the Munich-based brand's electric sedan lineup, the i5 starts at £66,800, managing to justify its price tag in slightly different ways compared to the Air.
Performance Specifications
Engine
Single Electric Motor with 84.3 kWh Battery Transmission Single-Speed Automatic
Horsepower
335 HP Torque
295 LB-FT Driveline
RWD
0-60 MPH
5.6 Seconds Top Speed
120 MPH EPA-Estimated Range
295 Miles kWh/100 Miles
32 kWh/100 Miles While performance is down, you still get 335 horsepower and 295 pound-feet of torque, enough to get the i5 to 60 miles per hour in 5.6 seconds[14].
However, the 2024 BMW i5 focuses more on delivering an engaging driving experience than the heightening luxury in the Lucid Air. This by no means that the i5 sacrifices quality, coming with the BMW Operating System, which consists of a 14.9-inch curved infotainment display.
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5 2025 BMW i4
Starting MSRP: £57,900
BMW
Moving down a model from the i5, BMW's smallest electric car for the 2025 model year is the i4. Pricing starts at £57,900 for the facelifted eDrive40 Gran Coupe[15], making it slightly cheaper than the larger model.
This makes the i4 an attractive option if you're looking for a more affordable entry point into BMW's EV lineup, without sacrificing the performance that you get in the more expensive models.
Performance Specifications
Engine Single Electric Motor with 83.9 kWh Battery Transmission
Single-Speed Atuomatic Horsepower
335 HP Torque
317 LB-FT Driveline RWD
0-60 MPH
5.6 Seconds Top Speed N/A
EPA-Estimated Range
301 Miles kWh/100 Miles
31 kWh/100 Miles Powered by a smaller 83.9 kWh battery pack and a single electric motor at the rear, the 2024 i4 produces an equal 335 horsepower but a higher 317 pound-feet of torque.
Due to being lighter than the i5, the i4 comes with a higher EPA-estimated range of 301 miles. The interior technology remains the same, with the 14.9-inch screen taking center stage.
Model Overview
2024 Polestar 2: A Comprehensive Guide On Features, Specs, And Pricing[16]
Polestar introduces some exciting changes to the 2024 2 range, making it an even more compelling option in the midsize EV crossover segment.
4 2024 Polestar 2
Starting MSRP: £49,900
Polestar
The first model on this list to come in below the £50,000 mark is the Polestar 2[17], with a starting price of £49,900. While the European market has more options, the U.S. market only gets the Long Range Single Motor and Long Range Dual Motor Options.
While the single-motor option optimizes the range of the Polestar 2[18], the dual-motor option also cannot be ignored if you're looking for a practical electric hatchback with a focus on performance.
Performance Specifications
Engine Single Electric Motor with 82 kWh Battery Transmission
Single-Speed Automatic Horsepower
299 HP Torque
361 LB-FT Driveline RWD
0-60 MPH
5.9 Seconds Top Speed
127 MPH EPA-Estimated Range
320 Miles kWh/100 Miles
29 kWh/100 Miles Despite not being as performance-oriented, you still get a solid 299 horsepower and 361 pound-feet of torque in the long-range single-motor trim.
This gives the base Polestar 2 a 0 to 60 mph time of 5.9 seconds, keeping the larger hatchback competitive with some of its sometimes smaller rivals. You do get 320 miles of range[19], however, whereas the dual-motor option only gets 276 miles. Inside, the Polestar 2 follows the same minimalist interior that you'll see in other electric cars, but uses materials such as leather, wood, and fabric to still create a visually appealing cabin.
The infotainment system also remains super easy to use.
3 2024 Tesla Model 3
Starting MSRP: £38,990
Tesla
A brand that has been at the forefront of the EV segment is Tesla[20]. While the American brand does offer much more expensive models like the Model S, the 2024 Model 3[21] keeps the costs down despite coming with plenty of standard features and performance to rival the best on the market[22]. While the base rear-wheel-drive trim isn't eligible for federal tax credits due to its battery components, the long-range all-wheel-drive model is eligible for the full £7,500.
This drops the starting MSRP from £47,490 to £39,990, which is only £1,000 more than the base rear-wheel-drive trim.
Performance Specifications
Engine Dual Electric Motors with 78 kWh Battery Transmission
Single-Speed Automatic Horsepower
394 HP Torque
377 LB-FT Driveline AWD
0-60 MPH
4.2 Seconds Top Speed N/A
EPA-Estimated Range
342 Miles kWh/100 Miles
26 kWh/100 Miles By introducing an all-wheel-drive system and a larger 78 kWh battery, the differences in performance for the mid-tier Model 3 are more than noticeable.
The electric sedan can reach 60 miles per hour in just 4.2 seconds, with an EPA-estimated range of 342 miles[23] to top it off. Being refreshed for 2024, the interior of the Model 3 now features a new 15.4-inch center touchscreen display.
2 2024 Hyundai Ioniq 6
Starting MSRP: £37,500
Hyundai
An electric car that has seen no shortage of praise ever since its release is the Hyundai Ioniq 6[24]. Winning the World Car of the Year award in 2023, the Ioniq 6 continues its momentum into 2024, offering ultra-competitive stats for one of the most affordable prices on the market.
While the standard trim is a capable machine[25], spending a little more on the SE trim can unlock extra performance that makes the increase in price more than worth it.
Performance Specifications
Engine Single Electric Motor with 77.4 kWh Battery Transmission
Single-Speed Automatic Horsepower
225 HP Torque
258 LB-FT Driveline RWD
0-60 MPH N/A Top Speed
N/A EPA-Estimated Range
361 Miles kWh/100 Miles
24 kWh/100 Miles Starting at £42,450 for the SE trim, you get the long range battery pack, providing a standout 361 miles of range in the rear-wheel-drive configuration. That's up 121 miles compared to the standard trim.
You also get a better efficiency rating of 140 MPGe[26], as well as 225 horsepower and 258 pound-feet of torque to give the car some liveliness.
Review
2024 Nissan Leaf: An Overlooked Electric Vehicle Perfect For First-Time EV Buyers[27]
The Nissan Leaf has matured into a practical and reliable option for urban commuters seeking an environmentally friendly mode of transportation.
1 2024 Nissan Leaf
Starting MSRP: £28,140
Nissan
Ever since its initial release back in 2009, the Nissan Leaf[28] has been one of the key models to introduce people to full electrification due to its affordable price tag. While not as affordable as it once was, the 2024 Leaf manages to rival some of the best hybrid cars on sale in terms of pricing[29], with a starting MSRP of just £28,140.
Performance Specifications
Engine Single Electric Motor with 40 kWh Battery
Transmission Single-Speed Automatic Horsepower
147 HP Torque
236 LB-FT Driveline
FWD
0-60 MPH N/A Top Speed
N/A EPA-Estimated Range
149 Miles kWh/100 Miles
30 kWh/100 Miles While the Leaf doesn't have the same range and performance capabilities as the other EVs on this list, the compact car is still a great choice if you live in the city, or don't plan on taking it on long-distance journeys. You get 149 miles of EPA-estimated range[30], which for reference, gives you enough charge to drive from Los Angeles to San Diego with approximately 30 miles to spare.
The LEaf keeps it simple inside, but that doesn't stop it from being as comfortable and as spacious as you need it to be.
References
- ^ electric vehicle (www.topspeed.com)
- ^ 2024 Porsche Taycan: A Comprehensive Guide On Features, Specs, And Pricing (www.topspeed.com)
- ^ Porsche Taycan (www.topspeed.com)
- ^ as significant as the changes made for the 2025 model year (www.topspeed.com)
- ^ EQE (www.topspeed.com)
- ^ comes with all the latest cutting-edge technology (www.topspeed.com)
- ^ with the very best luxury brands in the world (www.topspeed.com)
- ^ Electrified G80 (www.topspeed.com)
- ^ 365 horsepower and 516 pound-feet of torque (www.topspeed.com)
- ^ 2024 Lucid Air: A Comprehensive Guide On Features, Specs, And Pricing (www.topspeed.com)
- ^ Lucid Air (www.topspeed.com)
- ^ base Pure trim manages to offer outstanding capabilities (www.topspeed.com)
- ^ BMW i5 (www.topspeed.com)
- ^ enough to get the i5 to 60 miles per hour in 5.6 seconds (www.topspeed.com)
- ^ for the facelifted eDrive40 Gran Coupe (www.topspeed.com)
- ^ 2024 Polestar 2: A Comprehensive Guide On Features, Specs, And Pricing (www.topspeed.com)
- ^ to come in below the £50,000 mark is the Polestar 2 (www.topspeed.com)
- ^ Polestar 2 (www.topspeed.com)
- ^ 320 miles of range (www.topspeed.com)
- ^ forefront of the EV segment is Tesla (www.topspeed.com)
- ^ Model 3 (www.topspeed.com)
- ^ to rival the best on the market (www.topspeed.com)
- ^ EPA-estimated range of 342 miles (www.topspeed.com)
- ^ Hyundai Ioniq 6 (www.topspeed.com)
- ^ standard trim is a capable machine (www.topspeed.com)
- ^ a better efficiency rating of 140 MPGe (www.topspeed.com)
- ^ 2024 Nissan Leaf: An Overlooked Electric Vehicle Perfect For First-Time EV Buyers (www.topspeed.com)
- ^ Nissan Leaf (www.topspeed.com)
- ^ some of the best hybrid cars on sale in terms of pricing (www.topspeed.com)
- ^ 149 miles of EPA-estimated range (www.topspeed.com)