Best Used EVs Under $20,000

Especially important for those trying to stick to a budget, getting the most out of every mile is one of the best ways to make your hard-earned money go as far as possible. With more options available than ever before, all-electric vehicles are quickly becoming a popular choice on the used market due to their affordable prices and remarkable efficiency. In an effort to help budget-conscious shoppers searching for the best used EVs under $20K, our team at Germain Honda of Beavercreek has named our top picks for this growing segment of vehicles. You’ll have no trouble finding the right used EV under $20,000 that’s also a perfect fit for your lifestyle and driving habits.

Option #1 – 2019 Hyundai IONIQ Electric

If you’re in the market for an EV, it’s quite likely that the Hyundai IONIQ name is one that you’ve heard positive reviews about. Introduced for the first time back in 2019, the first-generation IONIQ Electric is credited with kickstarting the brand’s passion for electrification. Although it was only available in select markets, the IONIQ Electric stood out from the competition with its affordable price tag and impressive 120-mile all-electric driving range. Since it was based on the conventional IONIQ and IONIQ PHEV variants, it shared handsome styling cues and none of the polarizing appearance features associated with early EVs.

A practical rear liftback design makes the Hyundai IONIQ Electric the ultimate grocery-getter and around-town transportation solution for those looking to save money at the pump. Other key features include steering-wheel-mounted paddle regeneration shifters that can alter the strength of battery regeneration on the fly. Now available on the used market at prices below $20,000, the Hyundai IONIQ Electric is an exciting yet affordable EV.

Option #2 – 2018 BMW i3

Don’t let the badge on the hood fool you! Experiencing a premium EV from a luxury brand no longer means having to break the bank thanks to the BMW i3. Although it was expensive when new, the i3 suffered from abysmal resale value which has made them an attractive and affordable option for those in the market for a used EV. You can experience approximately 100 miles of all-electric driving range and innovative charging solutions to add more efficiency to your daily drive.

BMW spared no expense in designing and developing one of their first all-electric vehicles. The i3 features a remarkably lightweight carbon-fiber monocoque design along with premium materials like authentic eucalyptus wood trim. Bold exterior colors, an exceptionally compact footprint, and plenty of innovative infotainment features make the BMW i3 a standout option in the sub-$20K used EV market.

Option #3 – 2022 Chevrolet Bolt EV

Combining the versatility and practicality of a compact crossover with the jaw-dropping efficiency of an all-electric powertrain, the dynamic Chevrolet Bolt EUV offers tremendous value on the used market since it’s been discontinued. Generous interior dimensions, an easily accessible cargo area, and attractive exterior styling helps the Bolt EUV make a memorable first impression. Best of all, you’ll enjoy up to 259 miles of pure electric driving on a single charge.

Certain trim levels of the Bolt EUV are even available with the award-winning Super Cruise semi-autonomous hands-free driving system for maximum confidence behind the wheel. Standard 55 kW charging means that you can take advantage of both home and public charging options, great for first-time EV owners. Inside and out, it’s hard to overlook the value and versatility offered by a used Chevrolet Bolt EUV.