7 electric cars coming to market by 2020 that you can actually afford

Volvo 40 series Volvo

A slew of long-range, electric cars are expected to hit the market by 2020.

Several of these electric vehicles will be made by luxury automakers and will likely cost upwards of $50,000.

But there are also several automakers working on EVs with a range of 200-plus miles that will likely have a friendlier price tag.

Here’s a breakdown of the long-range electric cars coming to market in the next few years that people would be able to afford.

Tesla’s Model 3 is expected to go into production before the end of 2017.

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The vehicle is expected to start at $35,000, but consumers will have to pay a couple thousand extra if they want Autopilot features activated.

CEO Elon Musk has said the Model 3 will have a range of at least 215 miles per charge and will be spacious enough for five people.

Tesla began taking preorders for the vehicle in April 2016 and says it has about 400,000.

While the company plans to deliver some of the preorders by the end of 2017, the bulk will likely be delivered in 2018. So if you want your Model 3 before 2020, you should place your order now.

Tesla also plans to launch its Model Y, a compact SUV, by 2020.

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Musk said during the company’s first-quarter earnings call earlier this month that the Model Y would arrive by late 2019 or 2020.

Musk has kept mum on most other details about the upcoming vehicle, but he has said it would be a compact SUV and be built on a platform separate from the Model 3.

Tesla has not shared a price range, but given that it already sells a luxury SUV, the Model X, and that the company wants to target the mass market, the upcoming SUV likely will have a more competitive price tag.

And considering that General Motors sells its all-electric SUV crossover, the Chevy Bolt, for $37,500 before tax incentives, it would make sense for Tesla to price the Model Y in the same ballpark.

However, there’s always the possibility that Tesla could make the Model Y a cheaper version of the Model X, similar to the BMW X3, which starts at about $40,000.

Volvo says its first electric car is coming by 2019.

Volvo

In April, Volvo said it would build its first all-electric car in China and export it around the world.

The vehicle is expected to have a 100-kilowatt-hour battery and a range of 250 miles per charge. But perhaps the best thing about the upcoming vehicle would be its price tag. 

Lex Kerssemakers, CEO of Volvo Cars of North America, in March said he was pushing for its first electric car to fall near $40,000.


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