Fifty thousand dollars used to be the entry point to EVs. In 2026 it is the sweet spot, and the choice under that number runs from a sub-$24,000 city hatch to a proper family SUV. Here are the best EVs under $50,000, cheapest first.
BYD Atto 1: from $23,990 plus on-roads
The BYD Atto 1 is the cheapest EV in the country and the easy pick for a first electric car or a city second car.
Geely EX2: from $26,490 plus on-roads
The Geely EX2 is the newcomer that runs the Atto 1 close on the road, with a long warranty behind it.
BYD Dolphin: from $29,990 plus on-roads
The BYD Dolphin is the value benchmark, a genuine small hatch with real range for under thirty grand.
MG4: from $31,990 drive-away
The MG4 is the one to drive, rear-wheel drive and properly sorted, at a true on-the-road price.
GWM Ora: from $33,990 drive-away
The GWM Ora is the retro-styled value hatch with a lot of standard kit.
Kia EV3: from $46,990 drive-away
The Kia EV3 is the polished small SUV pick, with strong range and a seven year warranty.
Kia EV5: from $49,990 drive-away
The Kia EV5 sneaks in right on $50,000 drive-away and gives you a genuine mid-size family SUV for the money.
How to choose
For the lowest price, the Atto 1 or Geely EX2. For a proper small hatch, the Dolphin or MG4. For an SUV shape, the Kia EV3, and for a full family SUV right on budget, the EV5. See also our cheapest EVs compared and best EVs under $60,000.
