Price: $37,495, with up to a $7,500 credit bringing the final price as low as $29,995
The Chevy Bolt is a tough car to accurately price, which is ultimately why it's not actually ranked here. That's a shame, because we've driven it, and the Bolt's combination of efficiency, practicality, and surprisingly good ride and handling characteristics would land it right at the top of "Best New Cars Under $30,000 You Can Buy Right Now."
Theoretically, the $7,500 federal tax credit for EVs brings the effective price of the Bolt to $29,995. All the other cars on this list -- even those that barely squeaked in under the $30,000 limit on paper only -- are available at that price to everyone, but that's not the case with the Bolt, since the $7,500 credit isn't a full $7,500 for everyone. The credit is simply however much you owe in taxes, up to $7,500. So if you owe less than $7,500, you get less... thus making the car more than $30,000. It's confusing, perhaps, but unless every person with $30,000 burning a hole in their pocket can buy a given car, it's not qualified for this list.