During the 2010s, the automotive industry witnessed the rise of electric vehicles, leading to the development of new BEVs across various car categories. One of the leading performance 4-door EVs to emerge was the Porsche Taycan, which entered full production in 2019.
The Porsche Taycan is known for its innovative approach to performance EVs, but its high price makes it unaffordable for some. As a result, there are several other options in the growing EV segment that provide similar performance at a more affordable price.
In 2023, and continuing into 2024, the Porsche Taycan has continued to evolve, with 402 horsepower delivered by its synchronous motor. However, there are several performance EVs on the market that match or even surpass the Taycan’s performance stats for up to $50,000 less. Here are some affordable alternatives to the 2024 Porsche Taycan:
The data used to compile this article was sourced from various manufacturer websites, HotCars, and Car and Driver. The entries on this list are arranged based on the MSRP for the cars, ranked from highest to lowest.
10 2024 Jaguar I-PACE
MSRP – $72,000
The Jaguar I-PACE is the first all-electric SUV from Jaguar and is recognized as one of the leading electric SUVs on the market. With 394 horsepower provided by its dual electric motors, the I-PACE falls just 8 HP short of the Taycan. It also outperforms the Taycan in terms of its 0-60 MPH time, achieving it in 4.5 seconds compared to the Taycan’s 5.1 seconds. However, the Taycan has a higher top speed at 143 MPH compared to the I-PACE’s 124 MPH.
Performance Specifications
(Data was collected from Jaguar)
The I-PACE’s larger frontal area leads to the difference in top speed compared to the Taycan, but it still holds its own, especially as an SUV. The increased size of the I-PACE offers additional benefits such as increased capacity and functionality, making it a great family-performance EV. The I-PACE features an all-wheel-drive system, providing exceptional traction in all conditions.
Pros
- Excellent traction in all conditions
- Solid performance specifications for an electric SUV
- Sleek, modern design
Cons
- Less cargo space when rear seats are folded down
- Perceived lack of reliability compared to Porsche and Audi
9 2024 Genesis GV60 Performance AWD
MSRP – $69,550
The ’24 Genesis GV60, specifically in the Performance AWD trim, is another SUV alternative to the Porsche Taycan. The GV60 Performance shares similarities with the Jaguar I-PACE and is designed to be a performance car in a slightly smaller SUV format, maintaining a sleek, modern design style.
Performance Specifications
(Data was collected from Genesis and Car And Driver)
The GV60 Performance provides 429 horsepower and 516 pound-feet of torque, surpassing both the Taycan and the I-PACE in power output. With a 0–60 MPH speed of 3.7 seconds, the GV60 Performance offers more performance than many other electric SUVs while maintaining luxury features. It features an ‘overboost’ function that temporarily delivers even more power for short bursts.
Pros
- Up to 294 miles in range
- Comfortable for daily driving
- More performance than other electric SUVs
Cons
- Reported stiffness in the suspension at times
8 2024 BMW i4 M50
MSRP – $69,700
BMW’s electric fleet features the i7 model range, which competes closely with the Porsche Taycan in terms of size and performance. However, the more affordable and slightly smaller alternative, the BMW i4, particularly in the M50 trim, stands out with its powerful performance and modern design.
Performance Specifications
(Data was collected from BMW and Car and Driver)
The ’24 BMW i4 boasts 536 horsepower and 586 pound-feet of torque, surpassing the Taycan’s power output and providing impressive acceleration with a 0–60 MPH speed of 3.7 seconds. The i4’s smaller size compared to the Taycan allows for ample space for four adults while maintaining the characteristics of a performance vehicle.
Pros
- Competitive speed against combustion engine sports cars
- Reliable for an EV
- Classic BMW styling with a modern touch
Cons
- Reported sensitivity in the braking system
- Potential high repair costs
7 2024 Hyundai Ioniq 5 N
MSRP – $63,000
The latest addition to Hyundai’s EV range is the ’24 Ioniq 5 N, which offers a combination of performance and family-friendly features. With 641 horsepower and 545 pound-feet of torque, the Ioniq 5 N provides exceptional acceleration and power, making it one of the most unique-looking EVs on the market.
Performance Specifications
(Data was collected from Hyundai, Car And Driver and Autoblog.com)
The Ioniq 5 N sets a new standard for electric hatchbacks with its 641 horsepower, surpassing its competitors in terms of power output. While focusing on performance, it remains suitable for everyday use, especially in urban environments.
Pros
- Excellent power output for an electric hatchback
- Spacious and comfortable interior
Cons
- Loss of some high-tech interior features for a sports car-like feel
6 2024 Kia EV6 GT
MSRP – $61,600
The Kia EV6 GT is a fantastic compact SUV alternative to the Porsche Taycan, providing 576 horsepower and 545 pound-feet of torque. With a 0–