11 Electric Cars Expected to See Big Price Drops by Late 2025

The electric car market is shifting fast and 2025 could be the year of big savings. With improved EV production, new competition, and government incentives, these 11 electric cars are expected to see major price drops, making late 2025 the perfect time to buy electric.

Tesla Model 3

Oh man, the Tesla Model 3. It’s like the default EV for so many people, right? And honestly, it’s a solid choice. The thing is, with all the new competition and Tesla just constantly tweaking their production and, like, their whole strategy… I mean, they’re bound to cut prices even more. The base price is already way lower than it used to be, but I’m thinking by late ’25, you could maybe see it dipping close to, I don’t know, maybe like $35,000? Or even less? It’s just so efficient and that supercharger network is a huge plus, no one else has that. Uhm, the interior is a bit minimalist for some people, but you get used to it. So yeah, a classic that’s just gonna get more affordable.

Ford Mustang Mach-E

So the Mach-E, right? It’s the electric Mustang, which, you know, purists had a whole thing about, but it’s actually a really good SUV. Drives great. But Ford is really pushing to compete with Tesla, and they’ve already had some price cuts. I feel like by the end of next year, they’ll have to go even further, especially on the base Select model. Maybe we’re talking knocking it down to around $38,000 or something? It just makes sense. They need to sell volume. And it’s a fun car, it really is.

Hyundai Ioniq 6

Okay, the Ioniq 6. This one is… it’s so weird looking, but in a cool, retro-futuristic way? Like a spaceship from the 80s. And it’s incredibly efficient. Honestly, one of the best out there for range. But the price is a bit steep right now. With the Ioniq 5 and all the other stuff Hyundai is doing, I have a feeling they’ll lower the price on this sedan to make it more appealing. I could see it falling to maybe $40,000 for the long-range version. It’s a seriously good alternative to the Model 3 if you want something that isn’t, you know, a Tesla.

Chevrolet Bolt EV

Ah, the little Bolt. This is the budget champion, or it was before they said they were stopping it wait, no, they’re bringing it back! With Ultium! So the new Bolt is coming, and GM has said they’re gonna be super aggressive on pricing. Like, seriously aggressive. I wouldn’t be surprised if the new one starts under $30,000. Maybe even high $20s? That’s insane. It’s not a luxury car, but for a city runabout or a second car, it’s gonna be so hard to beat. Honestly, a total game-changer for affordability.

Volkswagen ID.4

The ID.4 is just… it’s so normal, you know? In a good way! It feels familiar, it’s a practical size, it’s comfortable. But VW has been struggling a bit with EV sales, and they’ve already done some price adjustments. I think by late ’25, they’ll have no choice but to drop it further to stay in the game. The standard model could easily be, I don’t know, like $35,000? Maybe even less if there are incentives. It’s not the most exciting car to drive, but it’s a really sensible choice for a family.

Nissan Ariya

The Ariya is such a nice car inside, like, the interior is really well done. But it launched at a price that was just a bit too high. Nissan needs to get these moving, and with all the new Chinese EVs and everything… yeah, I think a price cut is inevitable. I’m guessing the front-wheel-drive version could see a drop to around $40,000. It’s a smooth, comfortable ride, really premium feeling compared to some others. It just needs to hit that sweet spot.

Kia EV6

The EV6 is like the sporty cousin of the Ioniq 5. It looks fantastic, drives even better. But, uhm, it’s also priced at a premium. With the EV9 out and all, Kia might shift their strategy and make the EV6 more accessible. I can see them bringing the Wind trim down to maybe the low $40,000s. It’s such a great all-arounder, especially if you can find one with the super-fast charging. Honestly, if this gets cheaper, it’s a steal.

Rivian R1T

A Rivian! This is the adventure truck, right? So cool, but so expensive. But they’re working on the R2, which is smaller and cheaper, and to clear the way and streamline production, I think the R1T might see some price adjustments. Maybe not a huge drop, but perhaps the dual-motor version gets closer to $65,000? Still a lot, I know, but for what it is—a luxury off-roader that’s also a pickup—it would be a way better deal. I mean, who wouldn’t want one?

Polestar 2

Polestar 2. It’s so Swedish and minimalist, very cool aesthetic. But it’s a heavy car, and the range wasn’t class-leading, though the new models are better. With Polestar 3 and 4 coming, the older 2 is gonna have to get cheaper to keep selling. I bet we see it start in the low $40,000s. It’s a really compelling choice if you want something that feels a bit more premium and design-focused than a Tesla. Drives nice, too.

Fisker Ocean

Oh, Fisker. This one is a bit of a wild card, right? The Ocean looks really interesting, with that solar roof and everything. But the company has had, uhm, some growing pains, let’s say. To build volume and trust, I think they’ll be forced to be really competitive on price. The Sport trim could end up being around $35,000 if they really need to push units. It’s a bit of a gamble, but if you want something different and it works out, it could be a great deal.

BMW i4

And finally, the BMW i4. It’s basically an electric 4-series Gran Coupe, and it drives like a dream proper BMW handling. But it’s pricey! As BMW rolls out more EVs on their new platforms, the i4 might get a price reduction to keep it relevant. I could see the eDrive35 model getting down to, like, $48,000 or so. It’s for someone who still wants that classic BMW feel but in an EV. Not gonna lie, it’s a fantastic car if you can afford it, and a price drop would make it so much more tempting.