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The latest new vehicle transaction report from KBB indicates that electric vehicle supply is still high, hovering at around 100 days, despite the average transaction price of an EV declining all summer long to a year-to-date low of $53,469. Legacy automakers continue to react by tweaking their incentives, and now we’re finding some of the best EV lease deals we’ve seen in a while.

Below are some of the best deals we found while updating our Electric Vehicle Price Guide and Electric Vehicle Lease Guide.

Volvo C40 Recharge

Missed out on last month’s Costco member-only incentive on Volvo EVs? Don’t fret, because Volvo sweetened their lease offers yet again.

A C40 Recharge can now be had for $483/month with $3,983 due at signing before tax and license. That’s an average monthly cost of $580/month, which is about $30/month better than it was last month with the expired $2,500 Costco incentive included. Not a bad deal for a five-passenger, all-wheel-drive SUV that blasts from zero to 60mph in 4.2 seconds.

Drawbacks? Well, with an 80 MPGe combined rating, a range of 226 miles, and 15-cubic-foot cargo capacity behind the rear seats, it’s less efficient, doesn’t go as far on a charge, and doesn’t haul as much as similarly priced electric SUVs. But recent Volvo lease terms and dealer offers appear to be helping shoppers look past all that, as availability seems to have dropped to half of what it was last May.

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The C40 Recharge / Source: Volvo Cars

Speaking of dealer offers, we found a few Volvo retailers advertising lease terms that beat the factory offer on a C40 Recharge. Volvo Cars Gilbert in Arizona is advertising a 3-year, 7,500 mi/year lease at $399/month with $4,499 to start, for an effective cost of $513/month before tax and license. Volvo Cars North Haven in Connecticut and Galpin Volvo Cars in the Los Angeles area also have their own C40 Recharge lease deals with an average cost that’s close to $550/month. And there are a number of dealers offering significant C40 Recharge discounts from MSRP before incentives, which should translate into even lower lease payments.

If you need a little more room to carry stuff behind the rear seats or prefer a squareback look over the C40’s fastback styling, Volvo’s lease terms on the XC40 Recharge (MSRP $54,645) are also quite compelling, with an average monthly cost of $580/month. Check for Volvo C40 Recharge and XC40 Recharge deals in your area.

Subaru Solterra

Another relative bargain in the all-wheel-drive electric SUV/crossover category that’s worth a look is the Subaru Solterra (MSRP $46,220). Subaru’s lease offer of $399/month for 36 months with $3899 to start computes to an effective cost of $496/month plus tax and license, which is a significant savings over factory lease deals on the Model Y and C40 Recharge.

Yeah, you’ll have to do without the thrills and frills of the faster, upmarket Tesla and Volvo offerings, but the Solterra does scoot to 60mph from standstill in a very respectable 6.5 seconds and is as nicely equipped as other EVs at its price point. It also has 29 cubic feet of cargo space behind the rear seats – about the same as the Tesla, which is almost twice that of the Volvo.

Oh, and at $496/month, the Solterra lease is about $19/month cheaper than the factory lease deal on its front-wheel-drive version of its platform twin, the Toyota bZ4x. So Toyota fans that are willing to switch their allegiance to Subaru can get two more driven wheels for free.

Solterra

As far as dealer deals, McGovern Subaru in New Hampshire is advertising over $6,000 off on a Solterra, while Brattleboro Subaru in Vermont and Hanlees Subaru in California have Solterra discounts at around $2,000. Find Subaru Solterra deals near you.

Hyundai Ioniq 5

Passing the full $7,500 Federal tax incentive to lessees of the Ioniq 5 has resulted in some compelling lease terms on what is arguably one of the best-looking EVs on the market that rivals the Model Y in performance and utility. In all-wheel-drive form, this five-passenger SUV with 27 cubic feet of cargo space behind the rear seats will hurl you from zero to 60mph in 4.4 seconds – all numbers that fall well within the Model Y’s domain.

Curiously, Hyundai’s website only lists lease deals for rear-wheel-drive configurations, but we can deduce that the average monthly cost of an Ioniq 5 SE AWD (MSRP $50,335) lease should be close to that of the Ioniq 5 SEL RWD (MSRP $48,785). Hyundai’s 3-year lease offer for the SEL RWD is $414/month with $5,001 due at signing, which averages to $541/month before tax and license. Since the SE-trimmed AWD configuration is $1,550 more expensive and has a lower residual value than the SEL RWD, I’m figuring that its average monthly cost is slightly more than that, but not by much.

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Hyundai IONIQ 5 Source: Hyundai

Dealer offers somewhat validate this estimate. Mirak Hyundai in Massachusetts, for example, has a great lease offer with an effective cost of $500/month before tax and license on a discounted Ioniq 5 SE AWD. And Valencia Hyundai in the Los Angeles area has a lease on a discounted SEL AWD that averages to $542/month.

Other dealers with Ioniq 5 discounts that should result in attractive lease terms include Norm Reeves Hyundai in southern California and Ourisman Hyundai Laurel in Maryland.

Current Hyundai owners can qualify for an additional $2,500 off on a new Ioniq 5, which should lower lease payments by about $30 to $40 per month.

By the way, for folks that would rather buy than lease, Hyundai now has a $5,000 incentive on a purchase.  Look for Hyundai Ioniq 5 deals in your locale.

Audi Q4 e-tron

At $58,895, the all-wheel-drive Q4 e-tron 50 in Premium trim seems a bit overpriced since it costs almost $10K more than the cheapest Model Y. However, it can now be leased at $499/month for 36 months, $5,389 due at signing before tax and license. That works out to an effective cost of $635/month, which is over $60/month less than a Model Y lease. Costco members can take another $20/month or so off of a Q4 e-tron lease by applying a limited-time $1,500 incentive that Costco is running on Audi electrics through October 2.

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Audi Q4 50 e-tron (Source: Audi)

Audi dealers are starting to advertise discounts rather than markups on this 5-passenger SUV capable of zero to sixty times in the mid-fives, carries just under 25 cubic feet of cargo space behind the rear seats, and runs for 236 miles on a full charge. Audi Nashville is taking almost $4,000 off on a Q4 e-tron 50, while Audi Appleton in Wisconsin and Audi Bethesda in Maryland have discounts of $3,405 and $2,500 respectively. Discounts of that magnitude should reduce monthly lease payments by $30 to $50.

Still too expensive? Buyers that can get by with rear-wheel-drive can opt for the Q4 e-tron 40, which leases for about $50/month less than a similarly equipped all-wheel-drive Q4 e-tron 50 and goes 29 miles farther on a full charge. Check Audi Q4 e-tron pricing in your area.

Kia EV6

Kia noticeably improved its lease offers on the EV6, now with terms that essentially match current factory offers on its platform sibling, the Hyundai Ioniq 5. An all-wheel-drive EV6 in Wind trim (MSRP $53,925) can be leased for $449/month over 36 months with $4,999 plus tax and license due at start, for an effective monthly cost of $575/month.

We found significant dealer discounts on an all-wheel-drive EV6 Wind at Crowley Kia in Connecticut ($4,005), Courage Kia in North Carolina ($3,101), and Car Pros Kia Glendale in Los Angeles ($4,373) that should drive that lease closer to $500/month.

Like Hyundai with its Ioniq 5, Kia is is offering a $5,000 incentive to consumers that prefer to buy an EV6 rather than lease. Look for EV6 deals at a Kia dealer near you.

As always, check our Electric Vehicle Price Guide and Electric Vehicle Lease Guide for the best deals on EVs in the US.

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Mercedes unveils GLC electric SUV: a more refined all-electric platform with 440 miles of range

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Mercedes unveils GLC electric SUV: a more refined all-electric platform with 440 miles of range

Mercedes-Benz has now fully pulled the wraps off the all-electric GLC at IAA Mobility in Munich. A new next-gen electric powertrain now underpins the most popular model from the German luxury automotive brand.

Can it revive Mercedes’ EV momentum?

Mercedes-Benz all-electric GLC at a glance

  • Battery & voltage: 94-kWh pack on an 800-volt system; DC fast-charging from 10–80% in ~24–25 minutes and up to ~160 miles added in a 10-minute stop (WLTP basis).
  • Powertrains (launch pair):
    • GLC 400 4MATIC: dual-motor AWD, 483 hp / 596 lb-ft, 0–60 mph in 4.4 s.
    • GLC 300+: single rear motor RWD, 369 hp / 372 lb-ft, 0–60 mph in 5.9 s.
  • Drivetrain detail: a two-speed transmission on the rear axle (11:1 first, 5:1 second) to boost launch, towing, and high-speed efficiency—rare in road EVs today.
  • Range: WLTP estimates vary by source; expect ~350–376 miles depending on configuration, with U.S. EPA ratings to come closer to launch.
  • Charging network: When it reaches North America, the GLC should align with Mercedes’ plan to ship native NACS ports starting in 2025; current MB EVs already have Supercharger access via an official adapter.
  • Towing & utility: Up to 5,291 lbs (with hitch); 20.1 cu-ft cargo (rear seats up) or 61.4 cu-ft (seats folded) plus a 4.5 cu-ft frunk.
  • Interior tech: optional 39.1-inch “Hyperscreen” spanning A-pillar to A-pillar with matrix backlighting (1,000+ LEDs) and zone dimming; standard setup still includes large display real estate.

Mercedes-Benz Electric GLC

Unlike the old EQC (a reworked ICE platform), the electric GLC is an EV built from the ground up.

It now features a longer wheelbase, new sheetmetal, and a bespoke interior. The 800-V system supports 330-kW peak DC fast-charging, and the new drive units pair with that two-speed rear e-axle, something most EV automakers don’t opt for, to balance punchy acceleration with efficient cruising.

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Optional AIRMATIC air suspension and available rear-axle steering complement the advanced technology offering, providing higher levels of comfort and maneuverability for those willing to pay a premium.

The new electric GLC is equipped with a 94 kWh battery pack, providing up to 713 km (443 miles) of range based on the WLTP cycle.

The EPA range is expected to be closer to 350 miles of range.

Inside, Mercedes, who has long been trying to “out-screen” the segment, is still implementing its 39.1″ Hyperscreen, which uses matrix backlighting with intelligent zone dimming, letting the system brighten critical info while dimming other areas to reduce distraction.

As of late, the German automaker has been making progress with its in-car user interface through deeper Google integration on the latest MBUX/MB.OS stack.

Design-wise, the electric GLC stays recognizable, which is the point — but adds that optional pixel-lit grille and star-signature lighting front and rear as an evolution on existing designs.

Electrek’s take

It does feel like a step-up in Mercedes’ EV game.

Between this and BMW’s new IX3, it’s clear that the German automakers are not ready to let China run away with the electric premium segment.

Tesla is leaving a gap for others to fill, especially in Europe, and legacy automakers need to up their EV game to gain market share, or Chinese automakers will be more than happy to take their place.

The specs of the electric GLC appear to be on point. The price point has yet to be confirmed, but I expect they will try to compete with the new BMW iX3.

They didn’t manage to achieve the same range, but as we often like to highlight, range is not everything and it looks like the GLC will easily be able to travel more than 300 miles on a single charge, which is plenty.

My main eyebrow-raiser is the timeline: late 2026/early 2027 is a long on-ramp for a “now” segment, and competitors won’t stand still.

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Rimac unveils new solid state battery and EV powertrains

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Rimac unveils new solid state battery and EV powertrains

Rimac Technology used IAA Mobility in Munich to launch new products, including a new battery pack platform based on solid-state battery cells.

The company, better known for its electric supercars, is trying to position itself as a tier 1 automotive industry supplier with a new product lineup.

Rimac made its name with electric supercars like the Nevara, but the company has also long been developing as an EV supplier with prestigious clients, such as Koenigsegg and Aston Martin.

In 2021, following an investment by Porsche and a merger with Bugatti, Rimac became a more significant supplier and development partner for OEMs seeking high-performance electric powertrains.

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At IAA in Munich this week, the Croatian company has unveil its latest products.

Rimac’s latest EV products:

  • Solid-state battery platform: integrates ProLogium cells and Mitsubishi Chemical Group materials; pitched as lighter, safer, and more energy-dense than today’s packs.
  • E-axle power density: >8 kW/kg and >90 Nm/kg on new “SINTEG 300 & 550” single-motor integrated axles; rotor speeds up to 25,000 rpm. Output envelopes from 150–360 kW and 2,500–6,250 Nm target everything from hot hatches to SUVs.
  • High-torque XXL axle: dual-motor EDU 550 enters series production in 2026 for a global OEM; validated >95% peak efficiency and >11,000 Nm axle torque.
  • Electronics: domain/zonal ECUs built on NXP S32E2 real-time processors for torque vectoring, HV battery control, body and power distribution, and OTA.
  • Scale: two Croatian sites totaling ~95,000 m² anchored by a €200M campus; Rimac says it is building capacity for tens of thousands of units per month. Prior 12-month collaboration list includes BMW Group, CEER Motors, and Porsche.

Rimac goes solid state

Solid-state batteries have been touted as the next-generation battery technology for a while now, and it appears they are finally becoming a reality.

There are bout half a dozen electric automakers who plan to bring the techonology, which could allow for more extended range, faster charging, and longer lasting EVs, into production electric vehicles before the end of the decade.

Rimac wants to help more get on board with its “Next-Gen” pack, which combines ProLogium’s solid-state cells with Mitsubishi Chemical Group materials and innovative housing approaches to enhance energy density and safety while reducing mass.

Alongside that, an “Evo” line based on 46XX Gen2 NMC cells and a thermoplastic composite housing co-developed with Kautex Textron aims at near-term programs, and a “Hybrid” line (high-energy 46XX cell format or power-dense 2170, both cell-to-pack) targets modularity across segments.

Details like exact Wh/kg or C-rates aren’t published yet, but the segmentation signals which tech is ready now versus what’s on the horizon.

Rimac’s new drive units

On top of the new batteries, Rimac also brought a new range of drive units to IAA.

The SINTEG 300 & 550 e-axles are compact, fully integrated units with a patented ultra-light rotor and a novel magnet layout. Rimac’s headline metrics—>8 kW/kg power density, >90 Nm/kg torque density, and up to 25,000 rpm—are the kind of numbers that translate to smaller, lighter drivetrains without giving up punch.

Configurable coaxial or offset variants cover 150–360 kW power range and 2,500–6,250 Nm to fit everything from performance hatchbacks to sedans and SUVs.

For heavier hitters, the dual-motor XXL axle is validated above 11,000 Nm axle torque and >95% peak efficiency, with series production slated for 2026.

Electrek’s Take

It’s interesting to see Rimac throw its hat in the solid state battery ring, but without public energy-density/charge-rate numbers or a customer SOP date, it’s still just roadmap item.

However, I’m growing increasingly confident that we are going to start seeing solid -state batteries in production EV soon and if that’s the case, it makes sense to start with more expensive, performance vehicle.

Rimac operates in this segment. It makes sense for them to help automakers adopt the technology.

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A new plan will allow NYPD to confiscate electric bike batteries

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A new plan will allow NYPD to confiscate electric bike batteries

In the latest chapter of New York City’s crackdown on e-bikes, officials are exploring a plan that would help reduce the number of non-certified electric bicycle batteries used or stored in the city.

The proposal, first developed by the FDNY, would tighten regulations further in an effort to ensure that all electric bike batteries used in the city are certified to UL standards. Since a new rule regarding e-bike battery safety was passed in 2023, all e-bikes sold in the city must use batteries that meet UL standards and come with certification, but that doesn’t mean existing e-bikes haven’t already operating with non-certified batteries.

The new rules would enable the NYPD to confiscate such batteries if they’re found to be lacking the proper safety certifications. The batteries would then be transferred to the Sanitation Department for proper disposal.

“Since day one, the Adams administration has made keeping New Yorkers safe our top priority and that includes taking significant steps to crack down on the uncertified e-bike batteries that have sparked multiple deadly fires,” a spokesperson for Mayor Eric Adams to the New York Post.

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Electric bikes have been a contentious topic in NYC for the last several years, with the city hosting the largest number of e-bikes anywhere in the US. They’re extremely popular among delivery workers who use them to ferry food and other goods around the city, as well as consumers seeking an alternative form of transportation.

In addition to worries regarding road safety, fire concerns have also plagued the city. While e-bike fires are exceedingly rare considering the large number of e-bikes in use, they have still proven fatal.

Last year, six people were killed in fires attributed to faulty e-bike batteries. So far in 2025, one fatality has been recorded. The last three years of data indicated a continuous downward trend in the number of e-bike battery injuries and deaths since the UL-certification requirement was imposed in NYC in 2023.

By comparison, car-related deaths in the city continue to hover around 10x higher than those related to e-bikes, including dozens of traffic fatalities caused by cars each month. However, those numbers are also trending downwards, part of a larger trend that correlates with the introduction of congestion pricing that has reduced the number of cars navigating parts of NYC.

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