This EV model is selling faster than any other on the market

24/7 insights

• • The best-selling electric vehicles are a mix of budget and luxury models.
  • Hyundai, Volvo and BMW have several vehicles on this list.
  • Only one of the vehicles is eligible for the federal tax credit.
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Electric vehicles are having a moment where many automakers are looking towards an all-electric future. Manufacturers such as Volvo, Mercedes-Benz, Cadillac and Lexus are just a few brands that want to launch most of their new vehicle models as fully electric. While this move toward an all-electric vehicle future has encountered some obstacles, companies remain adamant that it’s the right move.

As part of this effort, plenty of electric vehicles are already on the road, and some are selling very well. According to a report from iSeeCarsat least ten new electric cars can be considered among the best sellers. With that in mind, we can look at these models in descending order based on how many days they’ve been on the market, or on a lot of cars, to be more specific.

Why is this important?

The world is moving more and more towards electric vehicles.

There is no doubt that the auto market is covered extensively on 24/7 Wall Street. Many of the names on this list are among the most talked about companies in America, and the automotive market follows them as trendsetters. These include names such as Hyundai and Kia, which have significantly improved their reputations over the past ten years with customer-focused warranties and outstanding reliability.

10. Hyundai Ioniq 5

The Hyundai Ioniq 5 is the company’s best electric vehicle.

• Average days on market: 55.5
• Average price: $52,433
• Range: 220-303 miles
• Applicable Federal Tax Credit: Not

The Hyundai Cube

Hyundai considers the design of the Ioniq 5 very unique.

There’s no doubt that the Hyundai Ioniq 5 has taken the EV world by storm, often labeled as a great alternative to the Tesla Model Y. While the Hyundai Ioniq 5’s ‘cube’ look won’t be for everyone, the vehicle does offer a unique theme which you don’t see anywhere else on the road. Combined with the vehicle’s dual 12-inch displays, you get a complete driving experience that’s warm and welcoming, including Hyundai’s outstanding warranty and reliability.

9. BMW i5

The BMW i5 is a combination of luxury and electric beauty.

• Average days on market: 52.1
• Average price: $82,847
• Range: 270-295 miles
• Applicable Federal Tax Credit: Not

Luxury sedan

The BMW i5 is an excellent choice for buyers looking for the ultimate driving car.

In the world of BMW, the BMW i5 is the luxury sedan that the company believes only it can deliver to its customers, just like an all-electric model. With capacity for five passengers, the i5 offers a massive infotainment display that has to be seen to be believed. With a range of up to 270-295 miles, the i5 is good for families with young children who do a lot of daily activities and those who work in an office.

8. Toyota bZ4x

The Toyota bZ4x is Toyota’s first all-electric SUV.

• Average days on market: 48.3
• Average price: $48,742
• Range: 228 – 252 miles
• Applicable Federal Tax Credit: Not

Toyota power

The Toyota bZ4X is a great introduction to the electric world.

Available as both a Toyota and Subura Solterra depending on country of origin, the Toyota bZ4x is Toyota’s first electric compact crossover SUV. Developed in collaboration with Subaru, worldwide sales began with the 2022 model year, and Toyota has indicated that at least 7 “bZ” models will be available in the coming years. As of August 2024, the vehicle does not qualify for the $7,500 federal tax credit.

7. BMW iX

The BMW iX is an excellent compact EV crossover.

• Average days on market: 48.2 days
• Average price: $99,224
• Range: 264 – 380 miles
• Applicable Federal Tax Credit: Not

BMW Performance

The BMW iX offers buyers a luxury crossover EV experience.

The first BMW to be built with an all-electric future in mind, the iX is available to customers from November 2020. Depending on the model you buy, you can get between 264 and 380 miles of range, which should appeal to customers who want both BMW luxury and a wide range available. Of course, as a BMW, you can expect plenty of connected technology inside, along with driver assistance features.

6. Hyundai Kona Electric

The Hyundai Kona comes with an exceptional company warranty.

• Average days on market: 47.3
• Average price: $37,727
• Range: 200 – 261 miles
• Applicable Federal Tax Credit: Not

Modern Hyundai

The Hyundai Kona Electric is an excellent, budget-friendly electric vehicle.

Hyundai’s hope that the Kona Electric would “reflect the lifestyle of modern customers” was successful. Rest assured that this is one of the best economical electric vehicles in the US for customers who want to easily transition into the world of electric vehicles. Hyundai labels the Kona’s unusual styling as a “progressive design,” and while it’s not for everyone, if you like what you see, the Kona delivers in a big way.

5. Cadillac LYRIQ

The Cadillac LYRIQ is more popular than Cadillac expected.

• Average days on market: 40.5 days
• Average price: $66,482
• Range: 314 miles
• Applicable Federal Tax Credit: $7,500 to $80,000

Cadillac goes electric

The Cadillac LYRIQ offers a beautiful interior display.

Cadillac’s first all-electric SUV certainly met high expectations, and for the most part, Cadillac delivered with the LYRIQ. Originally planned for a 2021 model year, the COVID-19 pandemic delayed production and pushed the launch date back to 2022. With the combination of a 514-mile range and refined interior that only Cadillac can offer in the GM world, the LYRIQ has met and exceeded customer expectations.

4. Kia EV9

The Kia EV9 has a very unusual but unique design.

• Average days on market: 37.8
• Average price: $69,438
• Range: 230 – 304 miles
• Applicable Federal Tax Credit: Not

Beautiful electric

The Kia EV9 is one of the first SUVs to offer seats that rotate 180 degrees.

Of all the non-luxury electric SUVs you can buy today, the Kia EV9 might just be the nicest. Originally teasing the vehicle in March 2023, the idea of ​​an electric SUV with second-row seats that rotate 180 degrees was unlike anything anyone had ever seen. The vehicle’s polygonal design is unusual, to be fair, but it also helps the EV9 stand out, while still offering Kia’s exceptional warranty.

3. Volvo C40 recharge

The Volvo C40 Recharge is one of Volvo’s smallest EV models.

• Average days on market: 36.4
• Average price: $59,570
• Range: 257-297 miles
• Applicable Federal Tax Credit: Not

The fully electric future

The body of the Volvo C40 looks more like a coupe than an SUV.

Like the Volvo XC40 Recharge, Volvo offered a side model with the C40, offering a similar front end to the non-EV XC40. The most significant difference between the two vehicles is the roofline, as the C40 Recharge offers more of a coupe-like roofline that feels sportier overall. The good news is that both models bear a long-distance resemblance to their 2023 and 2024 models.

2. Chevrolet Blazer EV

The Chevrolet Blazer EV has been a success for the beloved brand.

• Average days on market: 34.2
• Average price: $55,365
• Range: 280 – 320 miles
• Applicable Federal Tax Credit: Not

Let’s Blaze

The Chevrolet Blazer EV looks great in black.

The gasoline-powered Chevrolet Blazer has been available for a long time, since 1969 to be exact, but the 2022 model was the first all-electric variant. With a range of 320 miles, the Blazer EV even won MotorTrends SUV of the Year for 2024. Rated for a range of 280 to 320 miles, the Blazer EV offers a refined exterior design and a futuristic interior to better compete with growing competition in the space. . Chevrolet also ensures that fast charging is available, as the car can gain an additional 78 miles of range in just 10 minutes of charging.

1. Volvo XC40 recharge

The Volvo XC40 is the fastest selling electric vehicle.

• Average days on market: 30.2
• Average price: $59,532
• Range: 254-293 miles
• Applicable Federal Tax Credit: Not

Volvo All day

Volvo has renamed the XC40 to the EX40 to align with its electric lineup.

First launched in 2019, the Volvo XC40 Recharge is one of the models Volvo is counting on to help drive its all-electric future. Since Volvo was one of the first manufacturers to commit to going all-electric, the XC40, now known as the EX40, offers both front- and all-wheel-drive models. The 2023 model also allowed Volvo to significantly improve its range, which undoubtedly helped it reach the number one spot.

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