Listed below are the EVs you possibly can lease for beneath $300/mo in Jan [Update]

With extra fashions hitting the market and big incentives, electrical automobiles are simply as reasonably priced, if no more, than gas-powered vehicles. Nevertheless, with Trump’s transition crew reportedly planning to finish the EV tax credit score, the financial savings could quickly disappear. Try the EVs you possibly can nonetheless lease for beneath $300 a month in January under.

2024 was one other document 12 months for EV gross sales within the US. Many automakers, together with GM, Ford, Hyundai, Kia, and Honda, bought considerably extra electrical vehicles final 12 months than in 2023.

In keeping with Cox Automotive, electrical automobiles are anticipated to symbolize 7.5% of all US auto gross sales in 2024. Though all December and full-year 2024 gross sales numbers have but to be launched, EV gross sales hit a document in November. With over 116,000 models bought, electrical vehicles achieved an 8.5% market share.

A giant motive behind the expansion was new fashions, just like the Honda Prologue, which was the third best-selling EV within the US in November. That’s after deliveries started in simply March.

Honda bought over 33,000 Prologues within the US final 12 months, with almost 7,900 in December alone. With over 114,000 EVs bought, GM outpaced Ford’s roughly 97,900. In the meantime, Hyundai, Kia, and others reported document EV gross sales in 2024.

Though a giant motive behind the gross sales surge is because of new choices, huge incentives have made EVs even cheaper to lease than gas-powered vehicles.

What EVs are for lease for beneath $300 in January 2025?

With extra reductions on prime of the $7,500 federal EV tax credit score, some reductions are reaching as excessive as $10,000 to $20,000 off MSRP. In Q3, EV incentives averaged over 12% of the typical transaction value (ATP), almost double the trade common of seven%.

Regardless of having a beginning value virtually double that of a Civic Sedan, you possibly can lease a Honda Prologue for much less in lots of elements of the US.

The 2024 Honda Prologue is listed at simply $229 for 36 months in California and different ZEV states. With $1,299 due at signing, the efficient month-to-month fee is $265. That’s for the EX (FWD) trim, which has a variety of as much as 296 miles.

In different elements of the nation, don’t fear — Honda remains to be providing Prologue leases beginning at $249 monthly. It’s also possible to go for a 0% APR.

Utilizing knowledge from auto intelligence agency CarsDirect, we’ve gathered the highest EVs you lease for beneath $300 a month this January. This text was up to date with the newest offers on January 24, 2025. You may view provides in your space on the backside.

A number of different electrical crossovers and SUVs, together with the 2024 Subaru Solterra, Toyota bZ4X, and Hyundai IONIQ 5, can be found to lease for beneath $300.

The 2024 Hyundai IONIQ 5 is listed as little as $189 for twenty-four months. With $3,999 due at signing, the efficient price is $355. Hyundai is providing large financial savings to clear stock with the upgraded 2025 fashions arriving at US dealerships.

Hyundai’s different devoted EV, the IONIQ 6, is listed at simply $159 for 36 months. With $3,999 due at signing, the month-to-month efficient price is $326.

Earlier this month, Hyundai launched a brand new program that provides those that purchase or lease a 2025 IONIQ 5 a free ChargePoint Degree 2 Dwelling EV charger. Or, if you have already got one, you possibly can go for a $400 charging credit score.

Subaru is providing 2024 Solterra leases beginning at $279 monthly (36 months). With simply the primary month’s fee due up entrance ($279), the month-to-month price is $296. Though Toyota’s bZ4X is listed for as little as $219 for 39 months, with $2,999 due at signing, it’s barely extra with an efficient price of $296.

Tesla’s Mannequin Y and Mannequin 3 will be leased for simply $299 monthly (36 months). With $2,999 due at signing, the efficient price is $382.

The 2024 Chevy Equinox EV will be leased for as little as $299 for twenty-four months. With $3,169 due upfront, the month-to-month price is $431.

In mid-January, Chevy launched a 0% APR supply on the brand new Equinox, Blazer, and Silverado EVs. Mixed with a brand new trade-in bonus, you possibly can doubtlessly save over $5,000.

In the meantime, a November report by Reuters claimed that Trump’s transition crew aimed to eradicate the $7,500 federal tax credit score. If true, many of those financial savings might quickly disappear.

Are you prepared to seek out your new EV? We’ve received you lined. You should utilize our hyperlinks under to seek out one of the best offers on common electrical automobiles in your space.