Have you always dreamed of owning a luxury vehicle that eliminates the need for fuel? Luxury electric cars are innovative vehicles that offer all the comforts of traditional luxury with no fuel costs. Today, there are more choices in luxury electric vehicles than ever before. You can search online to find the latest models and their prices.

Yet buying a luxury electric car doesn’t have to cost you upwards of $100,000. As electric vehicles become increasingly more common and their parts become more affordable, the cost of these cars is decreasing. And that means you can get a luxury EV for less. Search online to discover which luxury electric vehicles are within your budget.

The following five luxury EVs are all great options priced at less than $100,000.

1. 2020 Tesla Model 3

Price: Starts at $35,000.

The 2020 Tesla Model 3 made a splash when it first hit the auto market, and for good reason. This impressive electric sedan is not only affordable, but it’s also filled with high-tech luxury features that make it well worth its price. This four-door sedan features quick, speedy acceleration that can go from 0 to 60 miles per hour in just 3.5 seconds. Tesla allows drivers to choose from multiple battery configurations too. No matter which battery you choose, you’ll be able to drive 200 miles or more on a single charge.  

2. 2020 Audi e-Tron

Price: Starts at $78.395.

The 2020 Audi e-tron combines the latest in electric vehicle technology with a luxury crossover SUV. This capable, well-equipped vehicle features standard all-wheel drive and can tow up to 4,000 pounds of weight. It includes two rows of seating, and it’s a great option for your daily commute. With a battery that offers 200 miles of driving range on a single charge, this Audi can stand up against most competing vehicles. And drivers will love the state-of-the-art technology that’s inside the cabin. From the Audi Virtual Cockpit to dual touchscreens, it’s a highly innovative vehicle.

3. 2020 Jaguar I-PACE

Price: Starts at $69,850.

Forget about luxury cars – Jaguar offers a luxury SUV that’s powered by an electric battery. The 2020 Jaguar I-PACE is a fully electric SUV with a reasonable price and plenty of room for passengers and cargo. You can drive up to 253 miles on a single battery charge, and this premium SUV even comes with fast-charging capability to get you back on the road in no time. With a luxurious interior and the latest auto technology, the I-PACE is the perfect combination of capable yet cozy. Inside the SUV, you’ll find plenty of room too – you have a roomy trunk that can carry plenty of boxes, suitcases, or gear, and an interior cubby storage system offers convenience throughout the cabin.

4. 2020 BMW i3

Price: Starts at $45,445.

If you’re looking for a luxury car that’s a bit different from all the rest, you’ll love the 2020 BMW i3. This EV is futuristic in its styling and design, and it’s a real standout on the road. It’s also fantastically upscale when you’re sitting inside. This BMW EV offers plenty of room for drivers and passengers even though it looks compact. It can drive up to 153 miles on a single battery charge with the all-electric powertrain option, and you can choose to add a gas-powered engine if you want more flexibility alongside electric power. 

5. 2020 Lincoln Aviator

Price: Starts at $51,100.

The 2020 Lincoln Aviator is an electric mid-size SUV that offers sleek styling and strong performance. You’d hardly know this was an electric vehicle if you weren’t aware of the battery – it runs with a powerful twin-turbo V6 engine that delivers 400 horsepower. It can go from 0 to 60 miles per hour in under five seconds. And the Aviator also offers great luxury details that drivers and passengers will love, including 30-way massaging seats, a 28-speaker audio system, and multi-zone climate control.

Act Now to Take Advantage of Tax Credits

While the luxury electric vehicles mentioned here all fall under $100,000 in price, there are ways to save even more. Many electric vehicles actually qualify for government tax credits – which means you could get money back come tax time.

Plug-in hybrid cars and fully electric cars that are purchased new after 2010 can qualify for a federal tax credit. Tax credits up to $7,500 are available. However, the tax credit you’ll receive depends on the vehicle you buy, its battery capacity, and whether or not automakers have met their annual limit for cars sold. 

For example, the 2020 Audi e-tron Sportback qualifies for the full $7,500 federal tax credit. The 2020 Jaguar I-Pace (HSE, SE, and S models) also qualifies. The 2020 Lincoln Aviator (Grand Touring model) qualifies for a bit less – the available tax credit is $6,354.

Additionally, rebates, tax credits, and incentives may also be available from your state government. You can search for these tax credits online and see what you might qualify for.

Make sure to do your research before you purchase a luxury electric vehicle. You could find savings in the form of tax credits and incentives. You might also find special offers at local dealerships in your area. The key is to search online so you’re informed about potential savings so you can get the best luxury EV at the best possible price.

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Heather Fishel is a freelance writer who writes for many different interests and audiences. She’s covered topics ranging from productivity to psychology to education to finance on sites that include WonderHowTo, War History Online, Niche, and Livestly. She is the author of Fidget!, a nonfiction book that examines the connections between creativity, focus, and the brain.