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

Volvo 40 series

There’s a slew of long-range, electric cars slated to hit the market by 2020. 

A number of these EVs will be made by luxury automakers and will likely cost upwards of $50,000.

But there are also a number of automakers working on EVs with a range of 200 miles plus that will likely have a more friendly price tag. 

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

SEE ALSO: Ford’s first electric SUV could have an edge on Tesla’s Model Y

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

The vehicle is slated to start pricing at $35,000. However, consumers will have to pay a couple thousand extra if they want Autopilot features to be 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 reservations for the vehicle in April of 2016 and has about 400,000 pre-orders, according to the company. 

While the company plans to begin delivering some of the pre-orders by the end of 2017, the bulk of the orders will likely be delivered in 2018. So if you want your Model 3 before 2020, you better place your order now. 

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

In early May, Musk said during the company’s first-quarter earnings call that the Model Y will arrive by either late 2019 or 2020.  

Musk has kept mum on most other details pertaining to the upcoming vehicle, but he has said that it will be a compact SUV and that it will be built on a separate platform than the Model 3. 

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

Also, considering General Motors already 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 begins pricing at about $40,000. 

 

Volvo’s first electric car is coming by 2019.

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

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

Lex Kerssemakers, CEO of Volvo Car USA, said in March that he was pushing for its first electric car to fall in the $40,000 range.

See the rest of the story at Business Insider

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