With the introduction of the 2022 Chevrolet Bolt EV, the worth per mile of vary of a brand new electrical automobile has reached a brand new file low of $124/mile.

On this publish we examine the bottom costs (MSRP plus vacation spot cost) and EPA Mixed vary – the one widespread metrics that now we have within the U.S. BEV market. Moreover, we add the worth per mile, after making use of the federal tax credit score (if eligible).

The new Bolt EV is on the highest, though everyone knows that it’s because the MSRP went down considerably in comparison with the 2021 mannequin yr, which was supplied with enormous reductions (as much as round $10,000).

Anyway, the worth per mile of vary reveals us a gradual enchancment in the marketplace. The second finest, Tesla Model 3 Lengthy Vary AWD is now at $134/mile, in comparison with $137 previously. Third is the brand new Chevrolet Bolt EUV at $136/mile.

The Hyundai Kona Electrical remains to be the market chief amongst BEVs after making use of the federal tax credit score ($7,500) – the result’s then $120/mile (as a substitute of $149/mile).

Down the desk, we are able to see that earlier than the federal tax credit score, Tesla Mannequin Y LR AWD ($154/mile) is above Volkswagen ID.4 ($164/mile) and Ford Mustang Mach-E ($167/mile).

An fascinating discovering is that the upcoming $141,190 Tesla Model S Plaid+ with 520 miles (837 km) of anticipated vary is a greater possibility when it comes to worth per mile than the MINI Cooper SE, the least costly BEV out there.


For extra of our newest comparisons, take a look at our Compare EVs card here.

* estimated/unofficial values

** solely fashions for which knowledge can be found