Top 15 electric cars (2024) under 40.000€

15. Tesla Model Y (from €39.990 or €34.990)

The inclusion of the Tesla Model Y on this list, benefiting from the €5,000 Flemish incentive, is a notable surprise. This vehicle isn't just a part of the list; it's a standout, widely recognized as the most popular electric vehicle (EV) globally, boasting the highest sales figures. Its appeal lies not only in its size but also in its remarkable performance and value for money, making it a top choice in the EV market.

Tesla's approach to car manufacturing draws a compelling parallel to Apple's philosophy in the tech world. Stepping into a Tesla is an experience marked by minimalism and a sense of pristine order, reminiscent of Apple's design ethos. The car's infotainment system is among the best in the automotive industry, characterised by its intuitive and fluid software, along with an advanced standard self-driving system. These features distinctly set Tesla apart from other manufacturers, offering drivers a sense of luxury, technological advancement, and a premium feel.

The Tesla Model Y, with a 60 kWh battery pack, delivers an impressive real-world range of 350 kilometers. Its most striking feature, however, is the rapid charging time, needing only 18 minutes to charge from 10% to 80%. This efficiency cements its place as the top contender in the sub-€40,000 category. Technically, Tesla's powertrains are renowned for their reliability and superior performance.

In a strategic move, Tesla has priced the Model Y at €39,990, applicable only to stock cars. This pricing is now set to be a permanent fixture. These models, pre-ordered and new from the factory with no mileage, may not yet be manufactured, but the configuration is fixed. While customization options are limited, buyers can choose between black or white colors. Generally, Teslas offer few add-on options, though some features can be upgraded post-purchase through software purchases.

It's important to note that these more affordable variants may have a pared-down stereo setup, lacking a subwoofer and having fewer speakers, as a cost-saving measure. Despite these adjustments, the Tesla Model Y remains an exceptional choice for those seeking a high-quality EV within a reasonable budget.

Real world range: 350km
Efficiency: 164 Wh/km
Fastcharge speed: 810 km/h

14. Skoda Elroq (from €39.990 or €34.990)

The Skoda Elroq marks a significant milestone as the brand's inaugural entry into the fully electric SUV segment, with a competitive starting price of under €40.000. This pricing strategy not only makes the Elroq an attractive option for consumers but also qualifies it for the €5.000 Flemish Government Incentive. As part of the VW Group, Skoda took a strategic approach in delaying its foray into the small electric car market, allowing for lessons learned from the development of the ID.3, which served as a foundational experiment in creating an error-free and competitively ranged electric vehicle (EV).

Technologically akin to the ID.3 and Cupra Born, the Elroq distinguishes itself through a clever balance of cost-efficiency and attractive design, while maintaining a strong emphasis on practicality—a hallmark of Skoda's approach. Essentially, the Elroq can be seen as Skoda's interpretation of the ID.3 formula, blending familiar technology with its unique brand ethos.

Priced at €39.990 (or €34.990), the Elroq offers a real-world driving range of 300 km, making it a suitable choice for daily commutes and intercity travel. While it may not be the ideal vehicle for longer journeys—highway driving reduces its range to just over 200 km, necessitating frequent stops—its performance is more than adequate for typical daily use. For those who rarely venture beyond national borders and prioritize cost-effectiveness and practicality, the Elroq, especially with the government incentive, emerges as an excellent entry-level EV option.

Real world range: 300km
Efficiency: 166 Wh/km
Fastcharge speed: 470 km/h

Discover Electric Skoda Deals!

13. DS3 E-Tense (from €39.990 or €34.990)

The DS3 E-Tense represents an ambitious endeavor by Citroën's premium brand to introduce an accessible, fully electric vehicle. This model of the DS3 is available in various powertrain options, including diesel, petrol, and fully electric. Such diversification of a single model's powertrain is a smart and economically savvy strategy, allowing the costs of development to be distributed across all engine types. This approach makes the premium DS3 available for under €40,000, qualifying it for the Flemish €5,000 EV incentive.

For those seeking a touch of luxury, Parisian style, and distinctive flair, the DS3 E-Tense stands out as an excellent choice. It offers a refreshing alternative to some German models that may feel somewhat mundane in comparison. The DS3 E-Tense elevates the driving experience by delivering a luxurious package at a remarkably affordable price.

Featuring a 50.8 kWh usable battery, the DS3 E-Tense boasts an estimated real-world range of 300 km, placing it in the same league as the ID.3, Born, and Elroq. With similar pricing across these models, the decision ultimately comes down to personal preference in vehicle design. The DS3 E-Tense, with its unique blend of luxury and affordability, presents an attractive option for discerning buyers.

Real world range: 300km
Efficiency: 169 Wh/km
Fastcharge speed: 480 km/h

12. Volkswagen ID.3 (from €39.990 or €34.990)

The Volkswagen ID.3 marked the brand's initial foray into the fully electric vehicle (EV) market. Despite high expectations, the original model faced challenges in competing with the Tesla Model 3, particularly in terms of electric range, while being similarly priced. This comparison highlighted a significant value gap between the two models, prompting Volkswagen to intensify their research and development efforts.

In response, Volkswagen launched the ID.3 Pro, an upgraded version boasting a real-world range of 300 km. Meanwhile, the Tesla Model 3, priced at €46,000, offered an improved range of 420 km following a facelift. The 120 km range difference between the two models is countered by a €6,000 price gap, which has positively impacted the ID.3 Pro's sales. Furthermore, when considering the Flemish consumer incentive for electric cars, the price difference between the ID.3 Pro and the Tesla Model 3 becomes an even more significant €11,000. This makes the ID.3 Pro an attractively priced option given its overall package.

The ID.3 appeals to those seeking a vehicle with a clean, contemporary design and a functional interior. Volkswagen's ID line is characterized by a traditional yet modern design ethos, aiming for a timeless and lasting aesthetic. In essence, the ID.3 is an ideal choice for buyers who prioritize a harmonious blend of style, functionality, and value in their electric vehicle selection.

Real world range: 350km
Efficiency: 166 Wh/km
Fastcharge speed: 450 km/h

Discover ID.3 Deals!

11. Cupra Born (from €39.024 or €34.024)

Cupra, positioned as the sportier subsidiary within the Volkswagen Group (which includes VW, Skoda, and Audi), surprisingly offers a more budget-friendly alternative to its counterparts. The Cupra Born, a sportier iteration of the ID.3, stands out for its competitive pricing compared to its VW equivalent.

Performance-wise, the Cupra Born and Volkswagen ID.3 Pro exhibit similar capabilities. To illustrate:

• Volkswagen ID.3 Pro 58 kWh: 350km range, 0-100 km/h in 7.3 seconds
• Cupra Born 58 kWh: 350km range, 0-100 km/h in 7.3 seconds

The higher capacity models also show comparable stats:

• Volkswagen ID.3 Pro S 77 kWh: 455km range, 0-100 km/h in 7.9 seconds
• Cupra Born 77 kWh: 450km range, 0-100 km/h in 7 seconds

Interestingly, the only notable performance difference lies in the Cupra Born 77 kWh model, which achieves 0-100 km/h in 7 seconds, contrasting with the ID.3 Pro S's focus on increased range rather than speed.

This collection, including the Skoda Elroq, represents an intriguing segment of entry-level, budget-friendly cars from the Volkswagen group. While priced similarly and offering comparable performance, the choice ultimately comes down to personal preference in driving experience.

Real world range: 350km
Efficiency: 166 Wh/km
Fastcharge speed: 470 km/h

10. Volvo EX30 (from €38.990 or €33.990)

Set to revolutionize the electric vehicle market in 2024, the Volvo EX30 emerges as a standout option, boasting an impressive combination of range, affordability, and design.

Priced attractively at just €34,000, well below the €40,000 mark, the EX30 offers exceptional value. It's not just about affordability; the car's design is a testament to Volvo's commitment to elegance and minimalism. The exterior, with its eye-catching TOR-inspired headlights and Matrix LED design, makes a striking first impression. Inside, the minimalist interior complements the prestigious Volvo branding, enhancing the overall ownership experience.

Performance-wise, the Volvo EX30 is equipped with a single motor and a 49kWh usable battery, delivering a real-world range of up to 280km. Its acceleration is noteworthy too, reaching 100km/h in just 5.7 seconds, which is notably quicker than the Volkswagen ID.3. However, it's important to note that the EX30's range falls short by about 70km compared to some of its competitors.

For those prioritising aesthetics and design, the Volvo EX30 is an unrivaled choice. But if your preference leans towards a longer range, you might want to consider models from the Volkswagen Group, especially if your budget is around the €40,000 mark.

Real world range: 280km
Efficiency: 175 Wh/km
Fastcharge speed: 430 km/h

Discover Electric Volvo Deals!

9. Renault Megane E-Tech (from €38.140 or €33.140)

The traditional petrol or diesel-powered Renault Megane has made way for an exciting new chapter: the introduction of the fully electric Renault Megane E-Tech, now available in a hatchback model.

Design-wise, French manufacturers are known for their bold choices, yet the Megane E-Tech presents a delightful surprise. It eschews overly flashy elements for a design that is both simple and sophisticated, elegant yet understated. Its harmonious front and rear design is a refreshing deviation from the norm, where many modern cars appear to be a collection of disjointedly designed parts.

The interior of the Megane E-Tech further sets it apart. In a market where many designers are eliminating physical buttons in favor of extensive touchscreen interfaces, Renault has chosen a different path. The Megane E-Tech retains tactile buttons for essential car functions, such as heating controls, ensuring ease of use and a nod to traditional car design.

Turning to the vehicle's performance and specifications, the Megane E-Tech impresses in its category, particularly the E-Tech EV60 model, priced under €40,000. With 130hp, it's not the fastest on the road, taking 10.5 seconds to reach 100 km/h. However, it shines in terms of range. The real-world range of 380km is outstanding in its class, surpassing even the Tesla Model Y, which offers 350km. This remarkable range is thanks to its substantial 65kWh battery pack. Additionally, the Megane E-Tech boasts an impressive charging capability, with a peak DC charging speed of 129 kW. This allows the vehicle to charge from 10% to 80% in just about 30 minutes.

In conclusion, the Renault Megane E-Tech stands out as arguably the best car in its segment, marrying elegant design with practical innovation and impressive performance metrics.

Real world range: 380km
Efficiency: 158 Wh/km
Fastcharge speed: 530 km/h

8. Renault Zoe (from €38.125 or €33.125)

The Renault Zoe emerged as a game-changer in the European automotive market, distinguishing itself as one of the first accessible, fully electric vehicles. Mirroring the technology of its cousin, the Nissan Leaf, the Zoe is more compact, catering to a broader range of consumers.

The Zoe boasts a 52kWh battery, enabling a commendable real world 315km range on a single charge. Its fast-charging capability of maximum 46kW DC means it can be recharged in roughly an hour, blending convenience with efficiency – a key factor for the modern, urban driver.

The car's design also deserves mention. Breaking away from the overly futuristic styles of early electric vehicles, the Zoe opted for a more subtle, yet stylish look, appealing to a wider audience. This design choice, along with its proven, reliable technology, places the Zoe at the forefront of practical, everyday electric mobility.

Priced at €38,125, with a Flemish incentive reducing it to €33,125, the Renault Zoe is not just a testament to electric innovation but also a symbol of affordability in the growing EV market. It represents a significant step towards sustainable, accessible mobility for all.

While the slightly lower price may catch your attention, it's evident that you would be opting for outdated technology. The clear and superior choice would be the new Megane E-Tech.

Real world range: 315km
Efficiency: 165 Wh/km
Fastcharge speed: 230 km/h

7. Jeep Avenger (from €37.500 or €33.500)

The Jeep Avenger is a noteworthy vehicle in this lineup, being the first fully electric model from Jeep. It offers a choice between a petrol engine and an electric motor. The petrol model is priced at €24,000, while the electric version, after considering a €5,000 incentive, comes to €33,500.

Though the electric Avenger initially seems €9,500 more expensive, its operational costs paint a different picture. Let's break down these costs over a period of 5 years, assuming an annual mileage of 15,000 km.

For the petrol version, assuming an average fuel consumption of 6 liters per 100 km and a fuel price of €1.70 per liter, the total fuel cost over 5 years amounts to €10,150. Adding assumed additional costs of €2,500 for road tax and service, the total operational cost for the petrol model reaches approximately €12,650.

In contrast, the electric Avenger, with a realistic consumption rate of 164 Wh per km, would incur about €5,805 in electricity charges over the same period, based on an average cost of €0.35 per kWh for a mix of home and public charging. Factoring in an additional €1,500 for service, the total operational cost for the electric model is around €7,305.

This brings us to a remarkable finding: the operational cost for the electric version is approximately €5,345 less than that of the petrol version over 5 years. However, it's crucial to remember that the electric model's higher initial purchase price of €33,500, compared to €24,000 for the petrol version, partly offsets this operational savings.

Regarding resale value, a petrol Jeep Avenger might still fetch around €12,000 after 5 years and 75,000 km, thanks to its relatively low mileage and high demand. The depreciation for electric vehicles is generally higher, making this another factor to consider.

While Belgian incentives for electric vehicles are appealing, consumers should carefully evaluate their personal needs and usage patterns. This comparison between the petrol and electric versions of the new Jeep Avenger shows that while there are cost savings in operation, the initial purchase price and depreciation rates are also significant factors to consider.

Real world range: 310km
Efficiency: 164 Wh/km
Fastcharge speed: 500 km/h

6. Mazda MX30 (€37.070 or €32.070)

Regardless of its origin, be it America (Jeep) or Japan (Mazda), for the Flemish government, the primary criterion for benefiting from the incentive is that the car must be priced under €40,000.

Take the Mazda MX-30, for instance, which has been designed from scratch as an electric vehicle. At first glance, the car exudes an impressive aura, a testament to Mazda's recent track record of producing aesthetically appealing vehicles. However, a closer look at the MX-30's specifications might leave you somewhat underwhelmed.

Focusing on its design, the MX-30 bears a striking resemblance to the iconic Mazda RX-8 in terms of size. Mimicking the RX-8's sporty vibe, it features a two-door setup along with a pair of suicide doors for rear passenger access. Despite its limited space, it comfortably accommodates five full-size seats, offering a unique and compact, yet cool appearance.

The aspect that might be disappointing to some is the MX-30's modest battery capacity. Equipped with only a 30kWh battery pack, it achieves a real-world range of approximately 170km. This range might prove insufficient for those with a heavier foot, particularly for trips beyond urban areas. Essentially, the MX-30 is a luxury city car, well-suited for urban environments but less ideal for longer journeys outside the city.

Real world range: 170km
Efficiency: 176 Wh/km
Fastcharge speed: 210 km/h

5. Nissan Leaf (from €36.550 or €31.550)

The Nissan Leaf holds the distinction of being one of the original electric vehicles (EVs), for a long time standing as the sole fully electric option available.

However, despite its pioneering status, the Leaf hasn't managed to develop a standout battery technology that surpasses the competition. Its real-world range of 235km, powered by a 39 kWh battery pack, makes it a satisfactory city car, but it doesn't particularly impress in the broader EV market. In comparison, the Renault Zoe – a European model that derives its technology from the Leaf – is a bit more expensive but offers a superior real-world range of 310km.

Nissan, once a leader in the EV space, now finds its offerings somewhat disappointing. With the competitive landscape rapidly evolving, the brand faces a challenging situation. It may even be too late for Nissan to effectively contend with major local manufacturers in Europe. The emergence of promising new electric vehicles from Chinese companies further complicates the market dynamics.

Brands like Toyota and Nissan, once renowned for pioneering budget-friendly, high-quality cars, are now struggling to maintain their leading positions. In light of these developments, we recommend against purchasing the Nissan Leaf. Its diminishing popularity as a brand could impact its residual value. Instead, opting for the Renault Zoe might be a more prudent choice, likely ensuring a higher residual value.

Real world range: 235km
Efficiency: 166 Wh/km
Fastcharge speed: 230 km/h

4. Opel Corsa-e (from €36.350 or €31.350)

The Opel Corsa and the Peugeot e-208, both part of the Stellantis group, embody a unique blend of identical technology underpinning distinct designs. The Opel Corsa EV, the brand's pioneering venture into electric vehicles, represents a significant milestone despite being based on older technology. It's potentially the last of its kind, marking the end of an era.

Opel, paralleling Peugeot's strategy, chose a cautious path by electrifying their popular small city hatchback. They anticipated that the electric versions of these models would be less popular compared to their petrol counterparts. However, this approach allowed them to share production costs between the petrol and electric variants, resulting in cost-effective manufacturing. Externally and internally, both the petrol and EV versions are indistinguishable, maintaining a consistent brand identity.

This strategy helped Opel gradually strengthen its presence in the electric vehicle market. Despite its early launch in 2020, the Corsa EV still delivers commendable electric performance. Its modest sales figures can largely be attributed to the higher price tag compared to the petrol version. For budget-conscious consumers, the additional cost of the EV might seem prohibitive. However, with incentives like the Flemish government’s €5,000 subsidy, the proposition becomes more appealing. For a little over €31,000, one can acquire an EV with an impressive real-world range of 300km, courtesy of a relatively large 50kW battery pack for its class. These specifications are quite competitive in the EV market. For those committed to zero-emission driving, the Corsa EV presents an attractive option, offering good value for money.

Real world range: 295km
Efficiency: 157 Wh/km
Fastcharge speed: 470 km/h

3. MG 5 (from €35.885 or €30.885)

The iconic British brand MG (Morris Garages) was acquired by Chinese investors in 2007, marking a significant transition in its storied history. However, it wasn't until recently that MG, albeit under Chinese ownership, made a striking comeback in the European market with an exciting lineup of new models.

The torchbearer for MG's modern era is the Chinese manufacturing giant SAIC Motor, which took over the reins of the brand. Established in 1958, SAIC Motor has a rich history of its own. Following the acquisition of MG, they have primarily focused on producing vehicles in China, infusing the brand with fresh perspectives and technologies.

SAIC Motor's experience in car manufacturing is far from nascent, which is evident in the development of models like the MG 5. This model stands out with its impressive real-world range of 335 kilometers, supported by a robust 60kWh battery. Furthermore, its 87kWh DC fast charging capability allows it to recharge from 10% to 80% in a mere 42 minutes, exemplifying efficiency and technological advancement.

The MG 5 is not only remarkable for its performance and price point but also for its unique design. As the first estate/wagon-style electric vehicle (EV), it offers a refreshing change from the typical EV design. This is particularly appealing in Europe, where the practicality of a wagon is highly valued. For those seeking a functional family car, the MG 5 presents itself as an excellent option. Priced at €30,885, inclusive of the Flemish incentive, it offers a blend of practicality, style, and affordability, making it a compelling choice in the current EV market.

Real world range: 265km
Efficiency: 174 Wh/km
Fastcharge speed: 320 km/h

2. Fiat 600e (from €34.920 or €29.920)

The Fiat 600e, a trailblazer in the electric vehicle (EV) market, represents a bold leap forward for the iconic Italian brand. As an SUV, it blends the best of practicality and innovation, particularly standing out in the 2024 lineup of new models.

Priced competitively at €34,920, the Fiat 600e becomes even more accessible with the Flemish EV Incentive, bringing the cost down to €29,920. This pricing strategy positions it as an attractive option for a wide range of consumers, especially those looking to make their first foray into the world of EVs.

Under the hood, the Fiat 600e is equipped with a capable 54kWh battery, ensuring a reliable real-world range of 305 kilometers. This range is quite impressive, considering the size and design of the SUV. Moreover, the vehicle's charging capabilities are noteworthy. It supports a 100kW DC fast charging, allowing it to replenish its battery from 10% to 80% in just 28 minutes. This charging speed is particularly remarkable for its price range and sets a new standard for efficiency in the EV market.

As a brand new model for 2024, the Fiat 600e is not just a testament to Fiat's commitment to electrification but also a symbol of the evolving automotive landscape. It offers a blend of affordability, practicality, and advanced technology, making it an exciting and viable option for those seeking to transition to a more sustainable mode of transportation. The Fiat 600e, with its unique combination of features, is poised to make a significant impact in the EV segment, appealing to both long-time Fiat enthusiasts and new customers alike.

Real world range: 305km
Efficiency: 167 Wh/km
Fastcharge speed: 490 km/h

1. MG 4 (from €32.285 or €27.285)

The MG 4, a standout in affordability, emerges as arguably the best vehicle choice under €40,000. This model cleverly blends the legacy of MG, a brand once synonymous with British engineering, with the fresh perspectives brought by its new Chinese ownership. Aesthetically, the MG 4 mirrors the familiar style of Japanese and Korean city hatchbacks, but with a twist that marks its unique identity.

The design of the MG 4 is a harmonious mix of the traditional and the futuristic. The rear lightbar, stretching across the body, adds a modern touch, while the aggressive front design, highlighted by sharp, sleek headlights, gives it a distinctly sporty and contemporary look.

Performance-wise, the MG 4 is equipped with a 51 kWh battery pack, promising an estimated real-world range of 300 kilometers. One of its most remarkable features is the fast charging capability, with a maximum capacity of 90 kW DC. This allows the car to charge from 10% to 80% in just 32 minutes, a feat that is particularly impressive for a vehicle in this price range.

What makes the MG 4 even more appealing is its price advantage. Priced €2,000 less than its closest competitor in this list, the Fiat 600e, the MG 4 stands out in 2024 as the most compelling offer in the hatchback market. Offering a blend of affordability, stylish design, and commendable performance, the MG 4 is a clear frontrunner for those seeking value and quality in their next vehicle purchase.

Real world range: 300km
Efficiency: 169 Wh/km
Fastcharge speed: 390 km/h

Are you looking for even cheaper?

Explore our selection of electric vehicles priced under 30,000€. We've dedicated a separate page to help you discover the most up-to-date electric cars available for less than 30,000 euros. This compilation is tailored specifically for individuals seeking the most budget-friendly electric car options in 2024. For those interested in exploring electric cars that are currently in stock and ready for immediate purchase, please visit our car search engine, where you'll find a vast inventory of available electric vehicles.

Electric Cars Under 30.000 EUR