6/8/2023
Check out some of the best electric SUVs on the market and learn how you can save big by financing with an EV Climate Loan through EV Life.
Kevin Favro
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.
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.
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.
Range: 348 Miles
Price: $98,490
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.
Range: 331 Miles
Price: $50,490
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 that can be taken off the purchase price for eligible buyers.
Range: 324 Miles
Price: $87,100
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.
Range: 310 Miles
Price: $46,995
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.
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.
Price: $28,795
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 that can be taken off the purchase price for eligible buyers.
Price: $34,885
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.
Price: $35,485
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.
Price: $40,290
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. The ID.4 also qualifies for the full $7,500 federal EV tax credit that can be taken off the purchase price for eligible buyers.
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.
Vehicle | Tax Credit Amount | Additional Incentives |
|---|---|---|
$7,500 | ||
$7,500 | ||
$7,500 | ||
$7,500 | ||
$3,750 | ||
$3,750 | ||
$3,750 | ||
$3,750 | ||
$3,750 | ||
$7,500 | ||
$7,500 | ||
$7,500 | ||
$7,500 | ||
$7,500 | ||
$7,500 |
EVs that still qualify for EV 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:
Make | Model | Year | EV Tax Credit | MSRP Limit | Calculate Incentives |
|---|---|---|---|---|---|
Chrysler | Pacifica PHEV | 2022-2023 | $7500 | $80,000 | |
Ford | Escape Plug-in Hybrid | 2022-2023 | $3,750 | $80,000 | |
Jeep | Grand Cherokee PHEV 4xe | 2022-2023 | $3,750 | $80,000 | |
Jeep | Wrangler PHEV 4xe | 2022-2023 | $3,750 | $80,000 |
EV Life offers a smarter EV financing solution. Here’s how it works when you apply for an EV Climate Loan with EV Life:
Don’t navigate the complex and ever-shifting EV incentive process alone. Financing with EV Life guarantees the best prices and the lowest rates on your EV, saving the planet while saving your pocketbook.
Get pre-qualified today to find out how much you could save on your electric SUV.
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