As we all know, electric cars are all the rage at the moment and are certainly the future when it comes to the motoring world, with companies doing everything they can to get on board with being more eco-friendly to save the environment.

Gone are the days of simply just creating an electric car for the sake of it, as that novelty is no longer enough. Now, luxury electric cars are being created in order to provide the best possible ride for the customer.

With luxury electric cars becoming more and more common, the competition now is forcing the price of the vehicles to drop in order for them to sell, so within this list, we shall rank the 10 cheapest luxury electric cars.

10 Tesla Model X ($89,000)

When it comes to electric cars, the Tesla is the top of the line option that everybody dreams of having, and whilst it isn't the most cost-efficient, there is certainly a great range of options that people can choose from.

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The Tesla Model X is an amazing luxury vehicle that combines the brilliance of an electric car with a sports cars performance whilst also having plenty of storage and space that is expected with an SUV.

Whether it is the autopilot mode or the comfort of the car, the Model X is an unbelievable car and anybody that is happy to spend a little extra cash will have an incredible vehicle on their hands.

9 Volvo XC90 Excellence ($68,000)

The Volvo XC90 Excellence is one of the absolute best luxury electric cars on the market right now, and not only that but it is also a fantastic family car which makes it incredibly appealing to a wider audience.

The car has been tested relentlessly to ensure that anyone who purchases one knows that it is incredibly safe, with Volvo not taking any exceptions just because it is a new electric model.

The car is incredibly spacious inside, with plenty of room ensuring that everyone can feel comfortable, whilst the car still pulls an impressive 400 horsepower.

8 Mercedes-Benz EQC ($64,000)

Mercedes-Benz is a company that is known for its luxury and its class, so it should come as no surprise to know that they now boast one of the most luxurious electric cars on the market right now.

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Mercedes-Benz kept the standard just as high for their venture into the electric car world, with the compact SUV being suited with four doors and a rear hatch, with a full charge being able to last 220 miles.

The car has plenty of power too, with a top speed of 112 miles per hour, the car provides a very smooth ride that will be sure to impress anybody who buys it.

7 Jaguar I-Pace ($63,000)

A slightly cheaper option for those looking to pick up a luxury electric car is the Jaguar I-Pace, which is available at a base model price of $63,000 at the moment and is one of the most aesthetically pleasing electric cars in existence at the moment.

Not only does it look great, but it also performs well, as you would expect from a Jaguar, with a 0-60 in 4.5 seconds showing just how powerful the electric car can be when needed from the driver.

The battery pack has 394 horsepower and whilst it might be an SUV, it is still the same powerful and formal car than can be expected from a Jaguar, with this being a top electric option.

6 BMW iX3 ($55,000)

It is worth noting that at the moment, this is only the estimated price, as the BMW iX3 doesn't actually come out until 2020 in the UK market, and is expected to share a platform with the current X3.

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However, this car is going to be one of the cheaper, and more luxurious electric cars available on the market next year; it's one that people should definitely consider before making any purchases.

The car is set to be a direct rival to the likes of the Audi E-tron, the Jaguar I-Pace, and is set to have more than 70kWH of on-board battery capacity to boast.

5 Nissan Leaf ($37,000)

The Nissan Leaf is a very popular electric vehicle, with the original version actually selling out in the UK due to its popularity, and the new model is even better, continuing to be popular.

The 2018 version comes in four different trims: "Visia, Conecta, N-Connecta, and Tekna, with a special version," and 2.Zero available at select locations with limited numbers available, which shows the variety available to people.

Whilst the Nissan Leaf is nowhere near as powerful as other cars on this list, taking 7.9 seconds to reach 62 mph. It is still a very reliable vehicle that doesn't break the bank.

4 Ford Focus Electric ($35,000)

Another affordable electric car is the Ford Focus Electric, which costs $35,000 for the basic model, which has quickly become popular amongst fans of electric vehicles, mainly because it is very affordable.

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Ford has always been a reliable and well-known company and that is why it's no surprise that the Focus Electric is a brilliant car that can last for 115 miles without charge, offering 43-horsepower as well.

3 Tesla Model 3 ($35,000)

When it comes to Tesla, they really are considered to be the kings of electric cars. The fact that they now have the Model 3, which is an affordable option at $35,000, more people are getting the chance to experience Tesla's electric experience.

The Model 3 might be much smaller than some of Tesla's other options, but for those looking for a cheaper luxury vehicle, this is still a fantastic option with the car having all of the qualities you would expect from a Tesla vehicle.

The car can manage an impressive 310 miles before being plugged in and reaches 0-60mph in 5.6mph, with the vehicle being one that is becoming even more popular.

2 Chevy Bolt ($34,000)

Even though Chevrolet might be well known for different types of cars, that doesn't mean that they can't also branch out into the world of electric cars, which the company proved with the Chevy Bolt.

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This electric car has all the brilliant qualities that would be expected from a Chevrolet car, with the company not holding back because it is an electric car, offering an impressive 238 miles per charge.

Having won the 2017 Motor Trend Car of the Year and the 2017 North American Car of the Year, it is clear that the vehicle has been a hit, and its affordable price is likely something that helps that situation.

1 Hyundai IONIQ Eproduclectric ($31,000)

The Hyundai ICONIQ was produced in 2019, making it one of the more modern options on this list, and that could be a good reason for why it is so reasonably priced, with the Hyundai wanting to battle with its competitors. The sleekly styled hatchback has tons of great features and offers a lifetime battery coverage and Hyundai's 10-year/100,000 mile powertrain, which certainly help make the car appealing to others. NEXT: 10 States Which Offer The Best Incentives To Owners Of Electric Vehicles Even though it might not be as large or as powerful as other cars on the list, it is incredibly well priced and that helps make it be a car that is affordable for everyone.