The electric vehicle market has expanded rapidly in the last few years as automakers have introduced a variety of EV models to keep up with demand. Gone on the days of limited options and boxy, futuristic compact EVs. These days, all-electric options are available in every type of vehicle, from high-horsepower electric sports cars to stylish electric luxury sedans to torque-heavy electric trucks.
Since their inception, Americans have had a long love affair with sport utility vehicles. These spacious, versatile, and family-friendly vehicles offer drivers the best of many worlds in one, so it’s no surprise that the release of electric SUVs on the market was highly anticipated and met with excitement by EV fans and SUV enthusiasts alike.
Like their electric car cousins, all-electric SUVs have come a long way—batteries have evolved to increase range and improve performance, new motors are providing impressive torque and towing capabilities, and prices have come down to make options more affordable, making these SUVs some of the most attractive sport utility options out there.
Electric SUVs: Prices and Range
The two biggest factors that have influenced most potential electric SUV drivers are the price of the vehicle and its range. The good news? Prices have been coming down while ranges have steadily increased.
In this article, we’re going to look at some of the electric SUVs on the market with the highest ranges, as well as some of the most affordable SUV options. We’re also going to show you how you can save big on financing your SUV by applying for an EV Climate Loan with EV Life.
Which Electric SUVs Have the Most Range?
So-called “range anxiety,” or the fear of running out of power far from an available charging station, has been a major concern for potential electric drivers. Nowadays, with newer electric cars having increasingly larger ranges and public charging stations becoming more commonplace, many of those fears have been dispelled.
However, when it comes to SUVs, range can be an especially critical feature, particularly for drivers that plan to take their SUVs to more remote destinations. So, we’ve compiled a list of electric-powered SUVs with some of the longest ranges on the market for you to check out.
Tesla Model X Long Range
Range: 348 Miles
With a variety of fancy features and a sleek design, the Model X Long Range is Tesla’s definition of a luxury electric crossover SUV. The Model X Long Range comes standard with a battery large enough to cover its EPA-estimated 348-mile driving range, and the upgraded 1020 horsepower Plaid model still gets an estimated 333 miles of range.
Tesla Model Y Long Range
Range: 331 Miles
The Tesla Model Y Long Range model offers 331 miles of range, with great performance and plenty of acceleration. For families, Tesla offers the option to add a third row of seats for an additional $3,000. The other upside? The Model Y qualifies for the full $7,500 federal EV tax credit.
BMW iX xDrive50
Range: 324 Miles
With similar practicality and spacious interior as BMW’s popular X5 model, the iX xDrive50 has dual electric motors that provide 516 horsepower and a large battery pack that can hold enough charge to give it 324 miles of range.
Ford Mustang Mach-E Extended Range RWD
Range: 310 Miles
Available in a variety of configurations with several equipment packages, the Ford Mustang Mach-E is a great crossover EV option for drivers looking to make the switch. Paired with rear-wheel drive and an extended-range battery, the Mach-E Extended Range RWD model offers solid performance and an impressive 310 miles of range. At the moment, the Mach-E only qualifies for half of the federal EV tax credit, providing eligible drivers a credit of up to $3,750.
What are the Cheapest Electric SUVs on the Market?
The other factor keeping some drivers from making the switch to electric SUVs, despite the long-term savings on fuel, is the initial sticker price. In 2021, the MSRPs on EVs were, on average, around $10,000 more than their gas-powered counterparts. However, the last few years have seen the sticker prices of some existing vehicles come down as technology and production processes have improved.
Amongst these new and not-so-new budget-friendly EVs, there have also been several SUVs released that are aimed at more price-conscious drivers. Let’s take a look at some of them.
Chevrolet Bolt EUV
Range: 247 Miles
The Chevrolet Bolt EUV, like the Bolt EV hatchback sedan, is a great EV for drivers looking for an affordable option. The Bolt EUV gets a decent 247 miles of driving range from its 65.0-kWh battery pack, and solid front-wheel drive acceleration from its 200-horsepower motor. The Chevy Bolt EUV also qualifies for the full $7,500 federal EV tax credit.
Hyundai Kona Electric
Range: 258 Miles
The 2024 version of the Hyundai Kona Electric has some significant upgrades from past models while maintaining a reasonable sticker price. It’s longer, wider, and uses a longer wheelbase to maximize utility. It also has room for a larger battery, increasing its range to 258 miles on a full charge.
Mazda MX-30 EV
Range: 100 Miles
With a smooth design and stylish interior to go along with its responsive handling, the Mazda MX-30 EV is a sporty, affordable compact electric SUV with a decent kick and respectable range for a daily commute.
Range: 209-270 Miles
While the Standard model ID.4 has the most budget-friendly price tag, the mid-range Pro maximizes the ID.4’s range to 270 miles and has the ability to DC fast charge at public charging terminals. It also qualifies for the federal tax credit since Volkswagen moved production to its plant in Chattanooga, Tennessee.
Which Electric SUVs Qualify for EV Tax Credits and Incentives?
Seeing so many affordable electric SUV options is great news for drivers looking to make the switch to a versatile all-electric vehicle. But what some people don’t know is that there are already a number of tax credits, rebates, and incentives available right now to offset the cost of a new EV.
The federal tax credit, defined under the Inflation Reduction Act, provides tax rebates of up to $7,500 toward the purchase of an electric vehicle, and there are many state and local programs that offer additional incentives for electric vehicle purchases, retiring old gas guzzlers, installing home chargers, and more.
|Make||Model||Year||EV Tax Credit||MSRP Limit||Calculate Incentives|
|Chevrolet||Bolt EUV||2022-2023||$7,500||$55,000||Personalize Incentives|
|Ford||Mustang Mach-E||2022-2023||$3,750||$80,000||Personalize Incentives|
|Lincoln||Aviator Grand Touring||2022-2023||$7,500||$80,000||Personalize Incentives|
|Lincoln||Corsair Grand Touring||2022-2023||$3,750||$80,000||Personalize Incentives|
|Tesla||Model Y All-Wheel Drive||2022-2023||$7,500||$80,000||Personalize incentives|
|Tesla||Model Y Long Range All-Wheel Drive||2022-2023||$7,500||$80,000||Personalize Incentives|
|Tesla||Model Y Performance||2022-2023||$7,500||$80,000||Personalize Incentives|
PHEVs that Qualify for Tax Credits
While all-electric options are steadily increasing as automakers release more EV models onto the market, many drivers looking to make the switch from gas-powered vehicles must consider their unique needs when deciding whether an electric car, truck, or SUV is for them. That’s where plug-in hybrid vehicles, or PHEVs, come in.
PHEVs offer a bridge between traditional gas-powered and all-electric vehicles, saving drivers money by reducing gasoline expenses while providing a familiar and comfortable driving experience. There are several PHEVs that qualify for some or all of the federal EV tax credit as well as other incentive programs, and that number is expected to grow as automakers release more eligible hybrid models, which means drivers can still save big on the PHEV purchase. Those options are listed here:
|Chrysler||Pacifica PHEV||2022-2023||$7,500||$80,000||Personalize Incentives|
|Ford||Escape Plug-in Hybrid||2022-2023||$3,750||$80,000||Personalize Incentives|
|Jeep||Grand Cherokee PHEV 4xe||2022-2023||$3,750||$80,000||Personalize Incentives|
|Jeep||Wrangler PHEV 4xe||2022-2023||$3,750||$80,000||Personalize Incentives|
Save Money on EV Financing with EV Life
If you’re like most drivers, you will probably look to finance the purchase of your new electric SUV. As we mentioned earlier, there are a variety of tax credits, rebates, and incentives out there that can help you save money on your purchase, depending on you and your desired vehicle’s eligibility.
However, traditional auto lenders won’t consider those incentives when you apply for your loan. Instead, you’ll have to apply for each government incentive entirely separately from your loan, then wait an average of 6-18 months while your application is reviewed and your eligibility confirmed before you ever see a dime. Meanwhile, you’ll be paying full price out-of-pocket for every loan payment.
But guess what? There’s a better way to finance your electric SUV purchase: the EV Life EV Climate Loan. With the EV Climate Loan, you get to pre-qualify for all your incentives, then use that money as an incremental down payment on your auto loan, lowering your monthly payments by an average of $200/month and saving an average of $10,000 off the MSRP.
EV Life will help ensure you get every available dollar you’re eligible for and immediately apply it directly to your loan, providing you with the best rates, lowest monthly payments, and highest savings possible.
Find out how much you could save on your new electric SUV here.