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Tom’s Guide
Tom’s Guide
Technology
John Velasco

I tested 30+ electric cars in the last year — here’s the 5 most efficient EVs under $40,000 you can buy right now

Affordable EVs composite showing four different models.

If you haven’t noticed, gas prices are at their highest levels in a year — and they show no signs of receding. According to AAA, the average price of regular unleaded in the U.S. is $4.12 per gallon, which is a staggering increase over the $3.18 average this time last year. This trend will only hit consumers harder as we head into the summer driving season.

That’s why I suggest considering an electric vehicle for the long-term savings. While EVs still have higher upfront costs, prices have dropped over the last year as more affordable models hit the market. However, price shouldn't be your only metric because efficiency is just as critical to an EV's true value.

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