The best prices and offers of US electric vehicles in a high demand market

Are you looking to buy an electric vehicle right now? As well as everyone else, it seems. Electric vehicle stock dealers’ inventories are low at best, if not completely decimated, despite a high average transaction price north of $ 66,000. But don’t lose hope – there are relative bargains that cost less than $ 66,000, sell close to the MSRP, and are available for delivery soon.

As always, check our Guide to the best prices of electric vehicles And Guide to the best electric vehicle rental for prices and offers on electric vehicles in the United States.

Chevrolet Bolt EV and EUV

Based on our latest survey of current dealer inventory, Bolt EV and EUV are the most available electric vehicles in the nation. Pair that with our review this week that calls the Chevy Bolt the best value electric vehicle in America. However, many of these vehicles are “in transit”, “reserved”, “awaiting sale” or otherwise immediately unavailable. The good news is that waiting time for passing vehicles appears to be short, measured in days and weeks rather than months.

GM bolt production

Chevrolet began advertising huge discounts on its Bolt 2022 range shortly after announcing a $ 6,000 price cut for 2023 models. A new Bolt EV can now be obtained for as little as $ 26,595 after a $ 5900 discount, while a $ 6,300 discount on a Bolt EUV reduces its net cost to $ 28,195 before tax, license and any state incentives.

We found that a number of dealers advertised their inventory on MSRP prior to the discounts, a welcome sight in a market where the average transaction price of a non-luxury vehicle is $ 1,017 compared to the MSRP. Our latest analysis of data from new car pricing websites is in line with the figures we’re seeing in online retailer inventories, with the fair value of a 2022 Bolt EV / EUV averaging $ 335 below the recommended price before discounts apply. This is the best we’ve seen in months for any electric vehicle.

Do you prefer to rent? If so, Chevrolet continues to be the king of low-cost electric vehicle rentals by offering the Bolt EV a $ 219 / month for 36 months, $ 2,849 due on signing, which calculates an average monthly cost of $ 292 before tax and license. Their Bolt EUV lease is slightly higher with an average monthly cost of $ 315 per month. Both offer reduced factory lease terms for Nissan LEAF S ($ 382- $ 438 per month), Hyundai Kona Electric ($ 380 per month), Mazda MX-30 ($ 355 per month) and Nissan LEAF SL Plus ( $ 544- $ 587 per month) of a substantial amount. Look for deals on Chevrolet Bolt EV or Bolt EUV in your area.

2022 Chevrolet Bolt EV: MSRP $ 32,495 (1LT). Crossover 5 passengers, 4 doors. Range: 259 miles. Cargo Space: 16.6 cubic feet; 57 cubic feet with the rear seats down. 0-60 mph: 6.5 seconds.

Chevrolet Bolt EUV 2022: RRP $ 34,495 (LT). Crossover 5 passengers, 4 doors. Range: 247 miles. Cargo Space: 16.3 cubic feet; 56.9 cubic feet with the rear seats down. 0-60 mph: 6.7 s.

Volkswagen ID.4

The ID.4 was essentially non-existent in dealership inventories for much of the year, that is, until recently, when the 2022 ID.4 models began arriving in VW showrooms across the nation. It is now among the most available electric vehicles according to our observations and supply is expected to improve further this fall with the recent start of production of the ID.4 in Chattanooga, Tennessee.

EPA ID.4 range

As for pricing, we ran into two dealerships – Orr VW in Texas and O’Meara VW in Colorado – who are discounting the ID.4 by over $ 1,000. Extraordinary considering that most other Volkswagen dealers list their stock on MSRP and the data we collected from various new car pricing websites points to an average markup of $ 663. The variance is worst in the San Francisco area / San Jose, where fair price estimates range from $ 339 below the MSRP to a pitiful $ 4,561 over MSRP, so shoppers in that area really need to shop around and bargain to avoid getting ripped off. Check the availability and prices of the VW ID.4 in your area.

Volkswagen ID.4 from 2022: MSRP $ 42,525 (Pro S RWD), $ 50,705 (Pro S AWD). 5-seater and 4-door SUV. Range: 280 miles (Pro RWD), 245 miles (Pro S AWD). Cargo Space: 30.3 cubic feet; 64.2 cubic feet with the rear seats down. 0-60 mph: 7.7s (RWD), 5.7s (AWD). Qualifies for $ 7,500 federal electric vehicle tax credit.

BMW i4

Are you thinking of ordering a basic Model 3 but don’t want to wait until the end of the year to get hold of it? Check out the BMW i4 eDrive40, currently in stock at many dealerships with more on the way. Unlike GM or Tesla, BMW’s electrical system is still eligible for the $ 7,500 federal tax credit for electric vehicles, which reduces the cost of the i4 from its $ 56,395 RRP to $ 48,895, just $ 48,895. 455 more than the Model 3. In addition to a quicker turnaround time, that extra $ 455 for the i4 buys an additional 34 miles of EPA-estimated range (301 miles, versus 267 miles for the standard Model 3 range) and a probably more versatile sedan configuration. What is sacrificed, however, is half the cargo capacity behind the rear seats, no frunk, and driver / parking assistance features that are standard on the Model 3 but not included in the base price of the i4 eDrive40.

Do you feel the need for speed? There’s the i4 M50, the all-wheel drive version of the i4 that goes from zero to 60 in 3.7 seconds. It’s about half a second faster than Tesla’s Model 3 Long Range and six-tenths slower than the Model 3 Performance. Coincidentally (or maybe not), its cost after applying the $ 7,500 federal tax rebate on electric vehicles and adding driver assistance and parking assistance options amounts to $ 62,200, roughly halfway between versions. Tesla Model 3 Long Range and Performance. While the straight-line performance and price of the i4 M50 appears to be on par with its Tesla rivals, its 270-mile range is not, so it will stop 45 miles earlier than the two comparable Model 3 versions when it runs out of charge. complete.

From a dealership pricing standpoint, we haven’t found a single dealership straying away from the recommended price on its website, a policy that appeared to have been adopted by BMW dealers across the nation a few years ago shortly after we started to search and monitor dealership discounts on electric vehicles. So, turning to the data collected by the new car pricing websites as a guide, the fair price on an i4 eDrive40 appears to be only $ 298 on average compared to the recommended price. The variance was worse – you guessed it – in the San Francisco / San Jose area, with prices ranging from a $ 852 discount to a $ 4,117 markup. Look for the best BMW i4 prices in your area.

BMW i4 2022: RRP $ 56,395 (eDrive40), $ 67,300 (M50). 5-seater, 4-door liftback sedan. Range: 301 miles (eDrive40), 270 miles (M50). Cargo Space: 10 cubic feet 0-60mph: 5.5s (eDrive40), 3.7s (M50). Qualifies for $ 7,500 federal electric vehicle tax credit.

Fast shots

Hyundai IONIQ 5: This rolling artwork is becoming harder to find on the lot. We estimate it now accounts for less than 5% of all new electric vehicles available in dealership inventory, thanks in part to prime-time commercials featuring Jason Bateman. Most of the Hyundai dealer websites we track that once listed their IONIQ 5 stock on MSRP now declare market adjustments of at least $ 3,000 or add dealer-installed options of up to $ 5,000. And guess what? We, the public, are simply paying for it. Apparently, the car is that good. Data from the new car pricing websites confirms this with an average price at fair value that has risen to $ 3,569 from the recommended price. That said, we found some bucking dealers, including Larry H. Miller Hyundai in Arizona (all IONIQ 5 shares listed on MSRP) and Mission Hills Hyundai in the Los Angeles area (MSRP plus a $ protection package. 1,495). Find the best Hyundai IONIQ 5 prices near you.

Kia EV6: Rather than relying on the power of the stars to sell its flagship electric vehicle, Kia has chosen to hire a robot dog to pull our heartstrings, first during the Super Bowl and then in the following months during prime-time TV slots. . It must have worked, because like its retro-styled platform sibling (IONIQ 5), buyers have pushed the EV6’s fair market value higher and higher, now with an average markup of $ 4,297 according to our estimate, and this is in addition to a $ 500 increase in RRP for all trim levels. Vehicles in stock are scarce, but there are a few out there that can be purchased for a reasonable price. For example, Classic Kia in Texas is advertising an EV6 for just $ 90 on MSRP and Doral Kia in Florida is listing an EV6 at MSRP plus a $ 999 dealer fee. Check out Kia EV6 prices in your area.

Genesis GV60: The Genesis GV60 is Hyundai Motor Group’s latest model based on their E-GMP platform to reach American shores, and is the most expensive, with an MSRP starting at $ 59,985. Distribution is currently limited to California, Connecticut, New York and New Jersey. Genesis of the North Shore in New York and Genesis of Santa Monica in Los Angeles are currently listing their shares on MSRP, but if history repeats itself, retailer prices will rise in the coming months as awareness of the model increases. Genesis of Stevens Creek in the San Francisco / San Jose area has already jumped into this trend and is listing every GV60 it has with a “market adjustment” of $ 7,000. Check availability and pricing of the Genesis GV60 in your area.

As always, check out our Guide to the Best Price for Electric Vehicles and Guide to the Best Rental Electric Vehicle for prices and deals on electric vehicles in the United States.

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