Gas is going up in price, and those rises show now signs of slowing down. So it could be time to switch to an EV? Despite the hype around EVs cooling somewhat in recent months, there are more of the vehicles than ever, and some of them are pretty good now.
While we haven’t got anything overly fancy on this list, we do have a luxury vehicle from Volvo, and a pickup from Ford that’s somehow cheaper to buy than its gas guzzling predecessor. We also have a rough estimate of how much you’ll save each month based on current gas prices, but those are currently all over the place so you should only see that as a rough estimate.
So if a very economical ICE car or an even more economical hybrid doesn’t take your fancy, here are 10 EVs you should consider if you want to make the switch and save a small fortune on gas.
Chevy Equinox EV
Chevy has a long history of making surprisingly affordable and functional EVs, and now it claims it has “America’s most affordable” electric vehicle that also boasts more than 315 miles of range. The affordable, long-range, vehicle in question is the Equinox, which can go an impressive 319 miles on a single charge. The vehicle also has a very decent 57.2 cubic feet of cargo space, if you want to take people or possessions along with you.
The Equinox EV has a starting MSRP of just under $35,000, but you don’t have to pay that if you’re smart enough. Current offers include up to a not insignificant $10,000 off the MSRP of the EV, and 0% financing for 60 months is also on offer though this can not be combined with the five-figure discount.
If you opt to buy an Equinox EV, then you could save up to $75/month compared to its gas equivalent. Those savings will only improve as oil prices continue to rise.
Hyundai Ioniq 5
The Hyundai Ioniq 5 is one of the best EVs on the market. Offering up to 318 miles of range on certain trims, and peaking 320 horsepower if you go for the performance option. On top of all that, it still provides a solid amount of interior space. Hyundai’s are also pretty comfortable, with the Korean company having upped its quality levels drastically in recent years. Based on calculations we’ve seen, a Hyundai Ioniq 5 costs around $125 per month less to fuel than the average gas-powered vehicle. A staggering saving amounting to several thousand dollars over the Ioniq 5’s lifespan. And that’s not the only way you can save thousands with an Ioniq 5.
Despite it having a base MSRP of $35,000, you can currently get your hands on an Ioniq 5 for as little as $25,000 if you take Hyundai up on its $10,000 rebate offer. Though that offer may not be all that it seems, and the 0% financing deal may save you significantly more money if you have the kind of credit score that will get it.
Ford Mustang Mach E
The Ford Mustang Mach E is one of the most fun EVs on the market. It’s surprisingly powerful, handles very well, can be “drifted” if you’ve bought the rally pack, and it’s pretty affordable. For $37,795 you can get the base model if you’re content with handing over cash and walking out without taking advantage of any deals. However, as you can get the vehicle financed over 72 months at 0% interest, and get a free charger installed in your garage, opting for one of Ford’s deals is your best bet.
You may need that charger too. The Mach E may save you up to $92 per month in fuel costs, according to some calculations, but it is a performance vehicle. That means it is capable of blasting through that charge pretty quickly, despite the 269-mile range. When I reviewed one last year, it felt like I had it plugged in every other day. Mind you, I was thrashing it around Saratoga County all week.
While the Ford Mustang Mach E is a solid deal, you may not get everything you expect when buying one these days. In a controversial move, Ford recently decided the vehicle’s frunk was now a feature that doesn’t come with the base trims. Now frunks, especially in smaller vehicles, can be pretty pointless and are often forgotten about. But asking a few hundred dollars for literal empty space is a bit much.
Honda Prologue
The Prologue is Honda’s first all-electric SUV. So you can expect something tech heavy, affordable, and a little bit fun from the well-established Japanese company. At a price point of $47,400, and with a 296 mile range, the Prologue is pretty middle of the pack when it comes to midsize electric SUVs. But Honda does have a few solid offers on the table to sweeten the deal.
Certain dealerships will give you up to $13,000 off a Prologue, and some will lease you one of the vehicles for less than $250 per month. You’ll also save as much as $67 per month if you opt for a Prologue over a standard ICE SUV instead.
Despite Honda’s reputation for reliability, some 2024 Prologues were recently recalled due to a camera fault and issues with the infotainment system, but it’s not like there are many recall-free vehicles out there. Plus this list has Fords on it, so this isn’t the top of the list of things you’ll likely be driving back to the dealership at some point.
Toyota C-HR EV
Despite the fact the Toyota C-HR EV has just come out, it’s already got some solid offers behind it. So if you’re in the market for an all-electric subcontract SUV read on.
While a 268-mile range isn’t breaking any records, it isn’t too bad either. It’s safe and average, which might be what Toyota does best. Toyota is also pretty good at economical driving, which may be why its EV is capable of saving you $80 per month. It also has an MSRP of $37,000, one of the lowest on this list, and you can get that price even lower.
Toyota gives you a bit of a choice if you come in trying to buy a C-HR EV. You can take $5,000 in cash or pay 0% APR on a 72-month financing deal. Which is the best offer of the two depends on your means, needs, and credit score. Still, options are good.
Kia EV6
If the Ioniq 5 is slightly out of your budget, you can get what is essentially the same vehicle for over $2,000 less. Many Kias are essentially just cheaper, sportier, Hyundais. The Telluride is essentially a Palisade, the EV9 is basically an Ioniq 9, and the EV6 shares a platform with the Ioniq 5.
Kia’s popular electric crossover will save you slightly less in fuel for some reason, with estimates suggesting you’ll have an extra $73 a month in the bank. It also has a little less range than the Ioniq 5, with 310 miles compared to its fancier cousin’s 318. But with deals like $10,000 in customer cash on 2025 EV6 models available and often combinable with $500-$1,500 loyalty or military bonuses, it’s very hard to look. In terms of other offers, 0% APR financing on the EV6 is available from some dealerships.
Subaru Solterra
The Subaru Solterra is a five-seat electric SUV with a hint of offroading ability about it. Basically what you’d expect from an electric Subaru, then. Another “very Subaru” thing is the inclusion of AWD, even if you only fork out $38,495 for the base model.
Said base model has a somewhat uninspiring 228-mile range, however there are a few deals good enough to make up for the lackluster distance you can go on a single battery. For a start, 0% finance deals for the Solterra seem very common. With an estimated monthly fuel saving of $94, it’s also one of the most economical vehicles on this list. And in general.
Ford F-150 Lightning
I maintain that the Ford F-150 Lightning is the best EV pickup truck you can buy. In addition to its 320 mile range, multitude of outlets, and obscene practicality it’s now available for just $52,000. It’s also cheaper to lease than the gas F-150. In addition to the lower price, it’s estimated you’ll save $147 per month powering the F-150 Lightning when compared to its gas powered equivalent. Savings like that could help cover a major expense somewhere down the line.
So what’s the catch? Well, Ford has shelved the F-150 and its planned next-gen Lightning is likely to be a more affordable EREV and not a pricey, feature-packed BEV like the current version. There’s no word on aftermarket supply yet, but if the huge battery powering the F-150 Lightning needs replacing after a decade or so, someone is going to be in for a hefty bill. But for now, if you’re interested in an electric pickup truck, the remaining stock of F-150 lightnings are an absolute bargain.
Polestar
The US puts heavy tariffs on imported vehicles, particularly those from China. Which has led to Polestar closing the books on Polestar 2 orders. This could change if the tariff situation changes, but for now the small SUVs are getting pretty difficult to come by. Some Polestar 3s are made in South Carolina, so they are easier to find. Polestar 4s are manufactured in South Korea, and also escape the worst of the tariffs.
But if you do spot a Polestar on a dealer lot, you’re probably in for a bargain. According to the company’s website “Eligible customers can combine lease and purchase offers with a $3,000 Loyalty or $1,000 Conquest Bonus, plus Costco members can receive $1,250 or $1,000.”
So there you go. Not only do Costco members get $1 hot dogs, but they can also nab four figures off one of the cooler EVs on the market. Polestar also has a few vehicles in the pipeline, so it isn’t going anywhere anytime soon.
Volvo EX90
If you have the budget for it, the $79,995 Volvo EX90 comes with 310 miles of range, solid performance, and a sensible luxury interior. Of course, you don’t have to drop near $80,000 on one. If you’re lucky enough to live near a dealership that is playing along, you can get up to $10,000 off a new EX90 at the moment. Alternatively, 0% financing over 72 months is available, and the way things are going with inflation that might be the best deal.
Factor in fuel costs (which are increasing) and the Volvo may be even more of a bargain. As things stand you’ll save $145 per month if you opt for this Swedish electric SUV over its gas equivalent.
Okay, yes, this is the most expensive EV on this list by a fair margin. But it’s also the only real “luxury” model here. Volvo isn’t perfect, their infotainment system could do with a bit of a polish. Especially when its rivals are coming out with dash-length panoramic displays. As it stands, the Swedes have stuck to the “iPad glued to the dash” solution, which is somewhat frowned upon in 2026. But the inside of an EX90 is a very pleasant place to be.
It’s all clean, and organized, and you get wood. In the sense of ash paneling on the doors and dash. I mean, it’s a good SUV, but it’s not that exciting. But it does have those “I’m in a sauna and it’s cold outside” vibes that take the stress out of a long drive.
