Most Expensive Electric Cars: Tesla, BMW, & More [2022]

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Written by Nick Versaw

Updated June 3, 2022

Figuring out how much an electric car costs can be tricky because ownership costs can vary depending on the type of EV you drive and where you live. Electric vehicles have a reputation for being more expensive than conventional gas cars, which is true. Yet they also cost less to maintain and may be eligible for tax credits and other incentives.

We’ve already put together a list of the least expensive electric cars money can buy, so now it’s time to check the other end of the spectrum. How much would you have to fork over to drive home in one of the most expensive electric cars?

Whether you’re thinking of buying a new EV or just want to do some window shopping, here are the most expensive electric cars currently available on the market.

Most Expensive Electric Cars of 2022

While the cheapest electric cars have a manufacturer’s suggested retail price (MSRP) of as little as $25,000, the most expensive electric cars could cost you well over $100,000. Most of these EVs are electric sports cars and luxury cars, but you’ll also find an electric SUV and a few other body styles.

Still, there’s a big price difference between the most expensive electric car on our list — the Lightning GT — and more affordable models. The exact cost will depend on which trim you choose and whether you add on any packages beyond the basic specs, such as a long range battery pack.

Now, let’s dive into our list of the most expensive electric cars of 2022.

Tesla Model X

MSRP: $108,940 to $132,940

Miles of range: 332 miles

The Tesla Model X Plaid is the most expensive Tesla on the market, and is nearly three times the price of the cheapest Tesla (the Model 3) and double the price of the Model Y. At $132,940, the Model X Plaid has three electric motors that can accelerate from 0 to 60 mph in just 2.5 seconds.

For $108,940, you can purchase a dual-motor Model X, which has a top speed of 155 miles and a driving range of 332 miles on a single charge. Besides its price tag, the main downside to the Model X is its popularity: You can expect to wait anywhere from six months to a year before your new Model X is delivered.

Audi e-tron GT

MSRP: $102,400 to $142,400

Miles of range: 238 miles

The Audi e-tron GT gets top marks for comfort and driving experience, with luxury features like 14-way power front seats. All models come with at least 637 horsepower and all-wheel drive, and it has an EPA-estimated range of 238 miles.

As for price, you can expect to pay $102,400 for the base trim, the Premium Plus, and at least $142,400 for the most expensive trim, the RS e-tron GT. This automaker is known for its advanced customization options, so add-ons like the Performance Package and Driver Assistance Package can further raise the price.

Porsche Taycan

MSRP: $82,700 to $190,000

Miles of range: 225 miles

When we compared the Audi e-Tron GT vs. the Porsche Taycan, we found that the two EVs were remarkably similar in terms of styling and specs. Both automakers are known around the world for their luxury designs, and the Taycan doesn’t disappoint.

The base model is a four-door sedan that starts at $82,700, while the most expensive trim, the Porsche Taycan Turbo S Cross Turismo, starts at $190,000. The Taycan gets up to 225 miles of range with the standard 79.2-kWh battery pack. You can bump that figure up to 282 miles of range per charge if you choose the Performance Battery Plus.

Mercedes-Benz EQS

MSRP: $102,310

Miles of range: 350 miles

Mercedes has made its entrance into the electric car market with the EQ Power lineup, which includes both fully electric cars and plug-in hybrids. The most expensive option is the Mercedes-Benz EQS, a four-door sedan with a 107.8-kWh battery pack that can get up to 350 miles of range on a single charge.

It also features the new MBUX system, with a 56-inch curved glass “hyperscreen.” Not only can you initiate voice control features by saying “Hey Mercedes,” you’ll get haptic feedback when you press the touchscreen by hand, just like you do on your phone.

You can also customize the lightning, mood, and display layout with preset themes for individual drivers.

Lightning GT

MSRP: $300,000

Miles of range: 310+ miles

The Lightning GT is a luxury sports car expected to sell for around $300,000 and have a range of at least 310 miles. It will use a lithium-titanate battery pack, which can be charged more quickly than the lithium-ion battery used in most types of electric cars. Other specs include a top speed of 155 mph and a 495-hp electric powertrain.

If you’re itching to get behind the wheel, though, you’ll need to be patient: The Lightning has been in various stages of design and development since 2008, when the concept was revealed at the British International Motor Show, and there’s no confirmed date when it will hit the road.

Jaguar I-PACE

MSRP: $71,300

Miles of range: 222 miles

The Jaguar I-PACE is one of the more affordable luxury cars on our list, with a starting price of $71,300 for EV400 HSE. You can choose from optional upgrades like the Cold Climate Pack, the Pet Care and Access Pack, or a roof-mounted bike carrier.

The I-PACE has a 90-kWh battery pack that can generate 394 horsepower and can add up to 63 miles of range every 15 minutes. Jaguar also offers a new vehicle warranty and complimentary maintenance for the first five years or 60,000 miles.

GMC HUMMER EV

MSRP: $79,995 to $110,295

Miles of range: 350 miles

Taking a detour into the world of electric SUVs and off-road vehicles, the new GMC HUMMER EV is one of the most expensive electric cars of 2022. The first edition of the HUMMER EV retails for $110,295 and has three electric motors.

A two-motor version will be slightly cheaper, starting at $79,995, but this model won’t be released for a few more years. The HUMMER EV is available as an electric SUV and an electric pickup truck, and each get around 350 miles of range.

BMW iX

MSRP: $83,200 to $105,100 

Miles of range: 288-325 miles

The BMW iX is described as a “sports activity vehicle,” combining a dual electric motor and all-wheel drive for a high-performance driving experience. You’ll get up to 610 hp and 811 lb-ft of torque, plus a Flexible Fast Charger for convenient charging.

The BMW iX is available in two configurations: the iX M60, which starts at $105,100 and gets up to 288 miles of range, and the iX xDrive50, which costs $83,200 and gets up to 325 miles of range. Both models come with a curved touchscreen display.

Polestar 2

MSRP: $47,200 

Miles of range: 270 miles

The Polestar 2 is technically an electric hatchback, but its luxury stylings set it apart from similar models like the Chevrolet Bolt EV or Nissan LEAF. You’ll get LED fog lights, a panoramic moonroof, and optional vegan and reconstructed wood interiors.

Although its starting price is a reasonable $47,000, you can add on a long range dual motor for an extra $4,000 and the driver-assist Pilot Pack for $3,200.

How to Afford the Most Expensive Electric Cars

Although their price tags can be intimidating, the most expensive electric cars may not be as pricey as they first appear. Some electric vehicles are eligible for the federal EV tax credit, and there may be additional incentives in your state.

You’ll also find plenty of budget-friendly EV lease deals that may be more cost effective than buying a car outright. Even Teslas can be more affordable to lease instead of buy since monthly lease payments are often lower than loan payments.

And of course, you can always look for an electric car on the used car market. Since electric cars depreciate quickly but require little maintenance, choosing a pre-owned vehicle can save you a lot of money in the long run.

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Nick Versaw Insurance Managing Editor

Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.