5 of the Best 2023 Electric SUVs Under $50,000 According to TrueCar

It is unbelievable how quickly electric vehicles have grown in popularity in recent years. Many consumers are attempting to find the best electric SUVs to satisfy their desire for EVs.

Recently, TrueCar compiled a list of their favorite electric SUVs you can buy today. Here is everything you need to know about the top 5 electric SUVs you can buy for under $50,000, according to TrueCar.

1. 2023 Hyundai Ioniq 5 is one of the best electric SUVs

The Hyundai Ioniq 5 has been one of the most exciting new EVs since its unveiling. This street-legal concept car even won our MotorBiscuit EV of the year award for 2022.

With a starting MSRP of $42,745, optional four-wheel drive, and a range of up to 303 miles, it is hard to pass up an Ioniq 5. If the range and price don’t get you hooked, the space-age design and vast amount of technology in the interior will get you behind the wheel

2. 2023 Volkswagen ID.4

The Volkswagen ID.4 has been a popular option for both loyal Volkswagen customers and new EV buyers alike. In other car classes, Volkswagen’s vehicles are rarely the most affordable options available. Still, the ID.4 changes everything by offering one of the most affordable EV SUV options on the market today.

Starting at $38,790 MSRP and offering up to 280 miles of range with a ton of cargo space, the ID.4 is more than just an affordable EV SUV, it is an all-out capable family vehicle for everyone. The ID.4 also comes with optional all-wheel drive and towing packages available.

3. 2023 Volvo C40 Recharge

A light blue C40 recharge on a blacktop surface, which is one of the best electric SUVs.
Volvo C40 Recharge | Volvo Car Corporation

The Volvo C40 Recharge is a unique vehicle on this list due to the fact that it has a similar gas-powered twin on the market, the Volvo XC40. While both the C40 and XC40 aren’t exactly the same, they share identical wheelbases and similar styling.

The Volvo C40 recharge comes in at just over our $50,000 price tag at $56,395 MSRP, but with government incentives, that number could easily drop down into the sub-$50,000 range. The C40 comes with an electric range of 226 miles and all of the safety and luxury tech you’d expect from a Volvo product. The Volvo C40 takes the impressive XC40 and simply gives it an electric powertrain, making this one of the most accessible EVs on the market today.

4. 2023 Toyota bZ4X

After years of waiting, we finally got the first mass-market EV from the automotive giant, Toyota. While the bZ4X isn’t the first EV built by Toyota, it is the first to be sold in every market, not just in select states.

The bZ4X starts at $43,335 MSRP and has a range of up to 252 miles. The bZ4X name stands for “beyond zero, compact crossover”, with the 4 in its name coming from the RAV4 compact SUV.

While Toyota is typically at the top of every automotive class, it is a little behind compared to the competition found in the EV SUV class. Sure, the bZ4X is still a great option, but it simply falls short a bit in range and tech for a higher price than the competition.

5. 2023 Ford Mustang Mach-E is still 1 of the best electric SUVs

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The Ford Mustang Mach-E shocked the world when it made its debut. Mustang loyalists may have cringed at the idea that their sports car had been transformed into a crossover SUV at first, but after getting behind the wheel of these performance EVs, many of their doubts faded quickly.

The Mach-E is a sporty crossover that harnesses the performance and drivability of a typical modern Mustang and puts it in a larger, more practical package, starting at a respectable $48,195 MSRP. It isn’t just impressive as a crossover SUV, but as an EV as well, with a range of up to 312 miles.

The Mach-E is also full of tech, with a huge infotainment screen and digital gauge cluster to monitor and control every operation of the vehicle. The Mach-E is a great option, not only for Mustang lovers but for any driver looking to make the jump into an EV, while experiencing some serious performance.