- Electric vehicles
- MY2023
Cheapest EVs to Charge in 2023
The cheapest 2023 EV to charge is the Hyundai Ioniq 6 (Long range (18 inch Wheels) · RWD) at about $650 a year, $250 less than the median EV ($900) among the 41 EVs ranked.
The top 10 run from $650 to $800. Each model is listed once, with its best qualifying configuration named in the row; models with the same displayed value share a rank.
Lowest cost
$650/yr
Hyundai Ioniq 6
Median model
$900/yr
41 models
Top-10 median
$770/yr
Models ranked
41
one row per model
Full ranking
All 41 models. Every column is sortable.
| 1 |  | $650 | 23.6 | 140 | 361 | −$250 |
| 2 |  | $660 | 24.1 | 140 | 410 | −$240 |
| 3 |  | $700 | 25.5 | 132 | 272 | −$200 |
| 4 |  | $750 | 27.5 | 120 | 258 | −$150 |
| 5 |  | $760 | 27.5 | 123 | 279 | −$140 |
| 6 |  | $770 | 28.0 | 117 | 310 | −$130 |
| 6 |  | $770 | 28.1 | 120 | 259 | −$130 |
| 6 |  | $770 | 28.2 | 120 | 405 | −$130 |
| 9 |  | $780 | 28.3 | 119 | 252 | −$120 |
| 10 |  | $800 | 29.3 | 113 | 253 | −$100 |
| 11 |  | $810 | 29.4 | 115 | 247 | −$90 |
| 12 |  | $820 | 29.8 | 113 | 256 | −$80 |
| 13 |  | $840 | 30.4 | 111 | 149 | −$60 |
| 13 |  | $840 | 30.7 | 110 | 114 | −$60 |
| 15 |  | $860 | 31.5 | 107 | 209 | −$40 |
| 16 |  | $870 | 31.5 | 107 | 270 | −$30 |
| 17 |  | $880 | 32.0 | 107 | 220 | −$20 |
| 17 |  | $880 | 32.1 | 102 | 222 | −$20 |
| 19 |  | $900 | 32.7 | 103 | 265 | $0 |
| 19 |  | $900 | 32.7 | 103 | 247 | $0 |
| 19 |  | $900 | 32.7 | 103 | 304 | $0 |
| 22 |  | $910 | 33.1 | 102 | 348 | +$10 |
| 23 |  | $980 | 35.5 | 95 | 248 | +$80 |
| 24 |  | $1,010 | 36.8 | 92 | 360 | +$110 |
| 24 |  | $1,010 | 36.8 | 92 | 100 | +$110 |
| 26 |  | $1,040 | 37.7 | 89 | 312 | +$140 |
| 26 |  | $1,040 | 37.8 | 89 | 318 | +$140 |
| 28 |  | $1,060 | 38.5 | 87 | 226 | +$160 |
| 29 |  | $1,070 | 39.0 | 86 | 324 | +$170 |
| 29 |  | $1,070 | 39.1 | 85 | 305 | +$170 |
| 31 |  | $1,080 | 39.4 | 85 | 223 | +$180 |
| 31 |  | $1,080 | 39.5 | 85 | 246 | +$180 |
| 33 |  | $1,110 | 40.5 | 82 | 206 | +$210 |
| 34 |  | $1,130 | 41.3 | 82 | 238 | +$230 |
| 35 |  | $1,150 | 41.8 | 81 | 232 | +$250 |
| 36 |  | $1,180 | 42.9 | 79 | 226 | +$280 |
| 37 |  | $1,190 | 43.2 | 78 | 352 | +$290 |
| 37 |  | $1,190 | 43.2 | 78 | 352 | +$290 |
| 39 |  | $1,230 | 44.9 | 75 | 212 | +$330 |
| 40 |  | $1,320 | 47.9 | 70 | 320 | +$420 |
| 41 | | $1,920 | 70.0 | 48 | 174 | +$1,020 |
How this list is built
Every line below is read from the list definition that produced the table.
- Classes: every EPA class except special-purpose vehicles.
- Powertrains: Electric.
- Ranked by annual fuel cost, lowest first.
- One row per model (make and model): the configuration that ranks best in this list is shown, with its trim, engine and drive named in the row.
- Ties are decided on the displayed value (whole miles, kWh per 100 miles to one decimal, cost rounded to $10): tied models share a rank, then are ordered by a tie-breaker and by name.
- Special-purpose vehicles, such as heavy-duty variants, are excluded.
- Annual cost assumes 15,000 miles a year at the EPA rating and the dated national fuel prices stamped below; it is rounded to $10 and all differences use the rounded values.
- Model years MY2022 to MY2027; a year is listed only when at least 10 models qualify.
Data and period
- EPA ratings: fueleconomy.gov file of Sep 29, 2026
- Prices: EIA regular gasoline, U.S. average, Sep 2026 ($4.36/gal); residential electricity, U.S. average, Jul 2026 (18.3¢/kWh)
- 15,000 miles a year, 55% city and 45% highway
Frequently asked questions
Which 2023 EV is the cheapest to charge?
The cheapest 2023 EV to charge is the Hyundai Ioniq 6 (Long range (18 inch Wheels) · RWD) at about $650 a year, $250 less than the median EV ($900) among the 41 EVs ranked.
How many EVs are ranked for 2023?
41 models qualify, one row each. The median is $900, and the top 10 run from $650 to $800.
How are ties, trims and drivetrains handled?
Each model appears once, with the configuration that ranks best in this list; its trim, engine and drive are named in the row. Models with the same displayed value share a rank (1, 2, 2, 4) and are then ordered by a tie-breaker and by name. See the methodology.
How is annual fuel cost calculated?
15,000 miles a year at the EPA combined rating and the national average price of the fuel each car uses (premium where required), electricity at the national residential price, and the EPA utility factor for plug-in hybrids. Costs are rounded to $10. See the methodology.