10 New Electric Cars With The Most Range Per Dollar

Electric vehicle range and its efficiency against the dollar is a pivotal factor influencing consumer decisions in the rapidly evolving automotive market. As the tech advances, manufacturers strive to increase the range of their EVs while keeping prices competitive. This has led to a diverse range of options for consumers, with varying miles-per-dollar ratios across different models. For instance, some EVs offer longer ranges at higher price points, while others provide more economical options with shorter ranges. Consumers evaluating EVs often consider the miles of range per dollar as a key metric to assess the cost-effectiveness and value proposition of a vehicle.

The concept of miles of range per dollar serves as a practical measure for consumers assessing the efficiency of EVs in relation to their investment. A higher miles-per-dollar ratio indicates better value, as it means more miles of driving range per unit of currency spent on the vehicle. However, consumers must also consider their individual driving needs and preferences when evaluating this metric.

While a higher miles-per-dollar ratio may be appealing for budget-conscious buyers or those with specific commuting patterns, others may prioritize features like performance, luxury, or brand reputation over pure cost efficiency. Ultimately, the consideration of range per dollar underscores the importance of balancing price with practicality and personal preferences in the decision-making process when purchasing an EV. Here are 10 of the best electric cars for range-per-dollar.

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, like the EPA. The models below have been ranked based on their range per dollar.

10 Fiat 500e

$218/mile or 0.0046 miles per dollar

The Fiat 500e returns to the automotive scene for the 2024 model year, embodying the brand’s commitment to urban mobility with its adorable aesthetics and electric powertrain. Priced starting at $32,500, it offers consumers an economical option for city driving, albeit with a limited driving range of approximately 149 miles per charge. Yet, with a dollar-per-mile ratio of $218 per mile or 0.0046 miles per dollar, the Fiat 500e presents a compelling value proposition for those prioritizing affordability and style in their electric vehicle choice.

Performance Specifications

While the Fiat 500e may face competition from EVs with longer ranges and more interior space, its distinctive design and Italian charm set it apart in the market. Equipped with a 117-horsepower electric motor and offering three drive modes for varying driving needs, the 500e delivers nimble performance and agility for urban environments. The introduction of special edition models like the Inspi(RED), Inspired by Music, and Inspired by Beauty further enhances its appeal, offering additional features and luxury amenities for discerning buyers.

9 Lucid Air Grand Touring

$213/mile or 0.0047 miles per dollar

The Lucid Air Grand Touring epitomizes luxury and performance in the electric vehicle market, offering an unparalleled blend of opulence, cutting-edge technology, and exhilarating driving dynamics. Priced just under $110,000, this model boasts a dollar-per-mile ratio of $213 per mile or 0.0047 miles per dollar, making it a solid choice for buyers seeking a high-end electric sedan. With a range of approximately 516 miles on a single charge, the Lucid Air Grand Touring redefines expectations for electric vehicle range, providing unmatched convenience and versatility for long-distance journeys.

Performance Specifications

Setting new standards for electric vehicle performance, the Lucid Air Grand Touring is powered by a dual-motor setup delivering a staggering 819 horsepower, propelling it from 0 to 60 mph in just three seconds. Its luxurious interior is meticulously crafted with premium materials and state-of-the-art amenities, ensuring unparalleled comfort and sophistication for passengers. Equipped with advanced driver-assistance systems and cutting-edge infotainment features, the Lucid Air Grand Touring offers a seamless and exhilarating driving experience, setting a new benchmark for luxury electric sedans in the automotive industry.

8 BMW i4 eDrive35

$189/mile or 0.0052 miles per dollar

The BMW i4 eDrive35 exemplifies the brand’s commitment to electric mobility, blending BMW’s signature performance with zero-emission driving. Priced at $52,200, this electric sedan offers a compelling value proposition with a dollar-per-mile ratio of $189 per mile or 0.0052 miles per dollar. With an estimated range of up to 276 miles on a single charge, the i4 eDrive35 provides practicality and convenience for daily commutes and weekend getaways.

Performance Specifications

Sporting a powerful electric motor delivering 282 horsepower, the BMW i4 eDrive35 offers nifty acceleration and dynamic handling characteristics synonymous with the BMW brand. Its sleek and modern design is complemented by a spacious and tech-forward interior, featuring advanced infotainment systems and driver-assistance technologies for a connected and safe driving experience. With its blend of performance, range, and luxury, the BMW i4 eDrive35 sets a new standard for electric sedans, catering to drivers who demand both sustainability and driving excitement in their vehicles.

7 Tesla Model S AWD

$182/mile or 0.0055 miles per dollar

The Tesla Model S AWD continues to set the standard for electric luxury sedans. Priced at $72,990, it boasts an impressive dollar-per-mile ratio of $165 per mile or 0.0060 miles per dollar. With its maximum estimated range of 402 miles per charge, the Model S offers practicality for daily driving and long-distance travel alike. Tesla’s extensive Supercharger network ensures convenient access to fast charging, further enhancing the Model S’s appeal for those seeking a seamless driving experience. Despite growing competition, the Model S maintains its position as a benchmark for electric vehicles.

Performance Specifications

Equipped with dual electric motors offering full-time all-wheel drive, the Tesla Model S delivers exceptional acceleration and responsive handling, providing a thrilling driving experience. Its agile sports sedan dynamics and comfortable ride make it suitable for both spirited driving and relaxed cruising.

While the cabin may not match the plushness of some rivals at its price point, the Model S compensates with its spacious interior and generous cargo capacity, including a large 26-cubic-foot trunk. The minimalist interior design, dominated by a massive infotainment screen, reflects Tesla’s commitment to technological sophistication. Safety features such as standard automated emergency braking and available adaptive cruise control with a hands-free driving mode further enhance the Model S’s appeal as a practical yet high-performance electric sedan.

6 Lucid Air Pure

$171/mile or 0.0058 miles per dollar

The Lucid Air Pure epitomizes luxury and sustainability in the electric vehicle realm, offering an exquisite blend of high-end features and eco-conscious engineering. Priced at $69,900, this model boasts a dollar-per-mile ratio of $171 per mile or 0.0058 miles per dollar, making it an attractive option for those seeking both elegance and efficiency. With an estimated range of over 400 miles on a single charge, the Lucid Air Pure provides practicality for daily commutes and extended journeys, ensuring convenience and peace of mind for its drivers.

Performance Specifications

Underneath its sleek and aerodynamic exterior lies a powerful electric drivetrain, delivering smooth and responsive performance with zero emissions. The Lucid Air Pure’s luxurious interior is meticulously crafted with premium materials and cutting-edge technology, providing passengers with comfort, connectivity, and sophistication.

5 Nissan Leaf SV

$169/mile or 0.0058 miles per dollar

The Nissan Leaf SV represents a stalwart presence in the electric vehicle market, offering practicality, affordability, and eco-friendliness in a compact package. With a price starting at $36,040, the Leaf SV boasts a dollar-per-mile ratio of $169 per mile or 0.0058 miles per dollar, making it one of the most economical options for environmentally conscious drivers. While its range of approximately 212 miles may be more modest compared to some competitors, it still provides ample range for daily commuting and urban driving.

2024 Nissan Leaf SV Specs

Powered by a 214-horsepower electric motor, the Nissan Leaf SV delivers smooth and efficient performance, while its comfortable interior offers ample space for passengers and cargo alike. Equipped with a range of standard features including Nissan’s Intelligent Mobility suite of driver-assistance technologies, the Leaf SV provides a safe and convenient driving experience.

4 Polestar 2 Single Motor

$156/mile or 0.0064 miles per dollar

The Polestar 2 Single Motor offers a trifecta of performance, style, and efficiency in the electric vehicle market. Priced at $49,900, it boasts a $156 per mile or 0.0064 miles per dollar ratio, presenting an attractive value proposition.

With its single electric motor driving the rear wheels, the Polestar 2 delivers responsive acceleration and nimble handling, making city driving a breeze while still offering sufficient power for highway cruising. Its sleek Scandinavian design aesthetic and premium interior create a refined and modern driving environment, appealing to those seeking both sustainability and luxury in their vehicles.

Performance Specifications

Equipped with a generous battery pack, the Polestar 2 Single Motor provides a respectable range on a single charge, making it suitable for daily commuting and longer journeys. Its advanced infotainment system, featuring a large touchscreen display with intuitive controls and integrated connectivity options, enhances the driving experience with seamless access to navigation, entertainment, and vehicle settings. Safety features such as adaptive cruise control and lane-keeping assist further contribute to the Polestar 2’s appeal, ensuring a comfortable and secure ride.

3 Tesla Model Y Long Range RWD

$140/mile or 0.0071 miles per dollar

The 2024 Tesla Model Y Long Range RWD takes the win in this category, and by some margin. Derived from the Model 3 platform, the Model Y sacrifices some of the sedan’s nimbleness for a more practical SUV form factor. However, it compensates with a roomy cabin and ample cargo space, making it an ideal choice for families or those with a need for hauling gear. With a maximum estimated driving range of 320 miles, it outperforms many of its electric SUV rivals in this regard, such as the Ford Mustang Mach-E and the Volkswagen ID.4.

Performance Specifications

At a rate of $140/mile, the 2024 Tesla Model Y Long Range RWD offers impressive efficiency for its price point. With its starting price of $34,990 and 320-mile range, this translates to approximately 0.0071 miles per dollar spent. This efficiency is a significant advantage for budget-conscious consumers looking to minimize their cost of ownership over the vehicle’s lifespan. Additionally, with Tesla’s reputation for innovation and ongoing software updates, owners can expect continued improvements in performance and functionality throughout their ownership experience.

2 Tesla Model 3 Long Range AWD

$140/mile or 0.0071 miles per dollar

The Tesla Model 3 Long Range AWD stands out as a leader in the electric vehicle segment, offering impressive performance, range, and efficiency. It offers $140 per mile or 0.0071 miles per dollar, which is excellent value for drivers seeking a premium electric sedan.

With dual electric motors powering all four wheels, the Model 3 Long Range delivers exhilarating acceleration and confident handling, making it a joy to drive in various road conditions. Its sleek exterior design and minimalist interior aesthetics underscore Tesla’s commitment to blending style with sustainability, appealing to modern drivers looking for both efficiency and sophistication.

Performance Specifications

Equipped with a large battery pack, the Model 3 Long Range AWD boasts an exceptional driving range on a single charge, making it suitable for daily commutes and long-distance travel alike. Tesla’s advanced Autopilot system, including features like adaptive cruise control and automatic lane-keeping, enhances driver safety and convenience, providing a seamless and enjoyable driving experience. The Model 3’s expansive touchscreen interface integrates seamlessly with smartphone connectivity and over-the-air updates, ensuring that drivers have access to the latest features and improvements.

1 Hyundai Ioniq 6 SE Long Range RWD

$117/mile or 0.0085 miles per dollar

The Hyundai Ioniq 6 SE Long Range RWD stands out as an attractive option in the electric sedan market, offering a compelling blend of range, performance, and value. Standing at $117 per mile or 0.0085 miles per dollar, it represents a cost-effective choice for anyone looking for a spacious and stylish electric vehicle.

With a sleek exterior design and a modern, minimalist interior, the Ioniq 6 combines aesthetic appeal with practicality, providing ample space for passengers and cargo alike. Equipped with a single electric motor powering the rear wheels, the Long Range variant delivers 225 horsepower, ensuring brisk acceleration and a responsive driving experience.

2024 Hyundai Ioniq 6 Specs

Hyundai’s commitment to innovation is evident in the Ioniq 6’s advanced technology features, including a 12.3-inch digital gauge cluster and infotainment screen, as well as connectivity options like Apple CarPlay and Android Auto. Safety is also a priority, with standard driver-assistance features such as automated emergency braking and adaptive cruise control. Moreover, Hyundai’s impressive warranty coverage, including five years or 60,000 miles of limited warranty and 10 years or 100,000 miles of powertrain warranty, provides peace of mind for owners.