Listed below are the EVs you’ll be able to lease for below $300/mo in Jan [Update]

With extra fashions hitting the market and big incentives, electrical autos are simply as inexpensive, if no more, than gas-powered automobiles. Nonetheless, with Trump’s transition group reportedly planning to finish the EV tax credit score, the financial savings might quickly disappear. Try the EVs you’ll be able to nonetheless lease for below $300 a month in January beneath.

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

In accordance with Cox Automotive, electrical autos 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 items offered, electrical automobiles achieved an 8.5% market share.

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

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

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

With extra reductions on high 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 worth (ATP), almost double the trade common of seven%.

Regardless of having a beginning worth nearly double that of a Civic Sedan, you’ll be able to lease a Honda Prologue for much less in lots of components 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 cost is $265. That’s for the EX (FWD) trim, which has a spread of as much as 296 miles.

In different components of the nation, don’t fear — Honda continues to be providing Prologue leases beginning at $249 per thirty days. You may also go for a 0% APR.

Utilizing information from auto intelligence agency CarsDirect, we’ve gathered the highest EVs you lease for below $300 a month this January. This text was up to date with the most recent offers on January 24, 2025. You possibly can view affords 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 below $300.

The 2024 Hyundai IONIQ 5 is listed as little as $189 for twenty-four months. With $3,999 due at signing, the efficient fee is $355. Hyundai is providing massive 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 fee is $326.

Earlier this month, Hyundai launched a brand new program that offers those that purchase or lease a 2025 IONIQ 5 a free ChargePoint Stage 2 House EV charger. Or, if you have already got one, you’ll be able to go for a $400 charging credit score.

Subaru is providing 2024 Solterra leases beginning at $279 per thirty days (36 months). With simply the primary month’s cost due up entrance ($279), the month-to-month fee 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 fee of $296.

Tesla’s Mannequin Y and Mannequin 3 could be leased for simply $299 per thirty days (36 months). With $2,999 due at signing, the efficient fee is $382.

The 2024 Chevy Equinox EV could be leased for as little as $299 for twenty-four months. With $3,169 due upfront, the month-to-month fee 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’ll be able to doubtlessly save over $5,000.

In the meantime, a November report by Reuters claimed that Trump’s transition group aimed to get rid of 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 acquired you coated. You need to use our hyperlinks beneath to seek out the most effective offers on common electrical autos in your space.