10 Cheapest Electric Cars in New Zealand

As electric vehicles gain popularity in New Zealand, an increasing variety of models is leading to lower prices.

The cheapest EVs in both the new and used market are listed, along with best value vehicles in terms of price and range. The rebate changed from $8,625 to $7,015 (from 1 July 2023); this page reflects this new lower rebate.

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Average price

The average price of the 10 cheapest model variants continues to drop.

PriceRebate applied
January 2022$65,695$57,070
January 2023$61,600$52,976

Compare all new EVs

What is the cheapest electric vehicle with the longest range?

Comparing the EV range against its retail price makes it possible to compare vehicles in terms of range.


Explore the full Range versus Price graph

The cheapest secondhand EVs in NZ

Range on secondhand EVs

The range listed is the theoretical maximum but is likely to be lower.

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Why are EVs expensive?

Batteries are expensive to produce.

The metals in a lithium-ion battery (including cobalt, nickel, lithium, and manganese) are expensive to extract. Despite a decade-long decline in battery prices, the price levelled off in 2022 due to increasing mineral costs.

However, early 2023 saw more drops in battery mineral prices.

When will there be price parity?

Over the years, experts have predicted the timeline for EVs to be priced similarly to their combustion engine counterparts.

However, due to the constantly changing nature of these predictions, they have become less reliable.

The idea of price parity is becoming less relevant;

  • New generation EVs are unique cars from the ground up.
  • The upfront cost differs from the total cost of ownership (TCO).

EVs are expensive up front, but when you compare running costs over five years, the vehicle may work out cheaper. As diesel and petrol price rises, EV TCO improves.

That said, current predictions of parity range from 2025 to 2028 – however, smaller cars will take much longer to reach parity than larger cars.

For example, the base petrol Suzuki Swift costs around $20,000 (rebate applied). That’s cheaper than a decent-sized lithium-ion battery all by itself.

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