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.
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.
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.
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.
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.
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.
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.
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.
In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss Tesla allowing texting and driving on FSD v14, Trump killing CAFE’s MPG standard, an Aptera update, and more.
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Kia’s most affordable electric SUV will be here in just over a month. Ahead of its debut, the EV2 was spotted with light camo, offering our best look yet.
Kia EV2 looks more like an SUV with less camo
Just days after Kia confirmed the EV2 will debut at the Brussels Motor Show on January 9, 2026, the small electric SUV was spotted in Europe with barely any camo.
The EV2 is a fully electric B-segment SUV set to be Kia’s new entry-level EV. It will sit below the EV3, which is already the UK’s most popular retail electric vehicle and among the top-sellers in Europe.
“With the EV2, we reaffirm our commitment to make electric mobility truly accessible to a broader audience,” Kia Europe president and CEO, Marc Hedrich, said earlier this month.
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Despite its compact size, the EV2 looks and feels much bigger in person. It has a similar high-riding, blocky design as Kia’s latest electric SUVs, such as the EV5 and three-row EV9.
Kia EV2 teaser (Source: Kia)
In the teaser images Kia posted a few days ago, the EV2 was shown under a drape with a design that looked nearly identical to the EV2 Concept from earlier this year.
Now, we can finally confirm it. The Kia EV2 was recently spotted in Europe in light camo, rocking a tall, SUV-like stance. The latest image from KindelAuto gives us a solid look at its profile, which still resembles a mini EV5 or EV9.
Kia will begin EV2 production alongside the EV4 hatch at its Zilina, Slovakia, plant shortly after its debut at the Brussels Motor Show next month, ramping up output throughout 2026.
Although Kia has yet to reveal specifics, the EV2 is expected to be about 4,000 mm (157″) long, or slightly smaller than the EV3 at 4,300 mm (169.3″). It will be closer in size to the Hyundai Inster EV.
The Kia Concept EV2 at IAA Mobility 2025 in Munich (Source: Kia)
Prices are expected to start at around €30,000 ($35,000) in Europe, given that the EV3 starts at about €36,000 ($42,000).
The compact electric SUV is expected to ride on Hyundai’s E-GMP platform, with similar battery pack options as the EV3. The EV3 is available with 58.3 kWh and 81.4 kWh battery options, delivering a WLTP range of 410 km (255 miles) and 560 km (348 miles), respectively.
The EV2 will debut at the Brussels Motor Show on January 9, 2026. Kia will hold a press conference at 10:40 am CET to introduce the new entry-level EV. Check back for updates leading up to the event.
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Cross Segway e-scooters and e-bikes off gift lists with hundreds of savings for Christmas Holiday Sale – models start from $150
It didn’t take much time at all for Segway to change lanes from its Black Friday event into the now live Christmas Holiday Sale that saves you hundreds on the brand’s EVs, including the returning pricing on the ZT3 Pro All-Terrain Electric Scooter at $849.99 shipped, which matches the pricing over at Amazon. While it may carry a $1,300 MSRP from Segway, you’ll more often find it down around $1,000 instead, especially at other marketplaces like Amazon, with this same low rate having previously appeared during July and October’s Prime Day events, as well as the most recent Black Friday sale. Now, you’re getting a longer period of getting it at this all-time low price, complete with $150 off the going rate (and $450 off the MSRP). Head below to learn more about it and the other models included in the Segway’s Christmas Holiday Sale.
Segway’s ZT3 Pro electric scooter is a solid all-terrain option that can certainly go the distance, as many riders are learning while riding around on them through the streets of NYC, with the full suspension and additional 6 inches of deck clearance from the ground serving urban riders well on more pothole-lined streets. What’s more, in a city so massive and populated, having the included Apple Find My and auto-proximity locking/unlocking functionality definitely adds peace of mind should you ever be leaving it unattended for a set amount of time.
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The whole system – which includes a 1,600W brushless motor as its heart – comes powered by a 597Wh battery, providing up to 43.5 miles of commuting assistance at speeds as high as 24.9 MPH. Another nice feature is the regaining of 6.2 miles for just 30 minutes of charging, allowing you to get moving faster to tackle last-minute plans. Along with everything already mentioned, there’s also 11-inch tubeless tires, a Segride stability enhancement system, a traction control system, six inches of extra clearance from the ground, and more.
Segway’s Christmas Holiday Sale gifts ‘made to wow’
Segway’s commuting Christmas Holiday Sale gifts under $750
EcoFlow Cyber Week flash sale cuts up to 63% off expanded DELTA 2 Max bundle + batteries at new lows from $329 (ends tonight)
As part of EcoFlow’s ongoing Cyber Week Sale, the first of this new extended event’s flash sales has officially launched with up to 63% savings on three expansion battery bundles and alongside the DELTA 2 Max Portable Power Station bundled with a smart extra (expansion) battery for $1,369 shipped. This flash deal lasting through tomorrow night (Friday, December 5) beats out its Amazon pricing by $130 and its direct Cyber Week pricing by $230 (which does offer a $99 waterproof bag for FREE). While this bundle carries a $3,298 MSRP direct from the brand, you’re more likely to find it down around $2,149 at full price elsewhere, with it having kept between $1,699 and $1,499 since late September, with all the sales. Discounts have previously gone as low as $1,424, but these flash savings are cutting a larger than ever $780 off the going rate (and $1,929 off the MSRP) and landing it at a new all-time low price.
Extended Ride1Up Cyber Monday sale continues up to $600 savings on e-bikes and extra batteries from $195
Ride1Up has an ongoing Cyber Monday Sale with up to $600 savings on e-bikes and extra batteries, which doesn’t provide any end dates, but is likely following the trend we’ve seen from several other brands and continuing through the weekend. Among the bunch, one model that is getting more and more attention from riders is the Revv1 DRT Off-Road e-bike that is down at $2,295 shipped. Normally running at $2,595 without discounts, we mostly saw sales bring the cost down to $2,495 or $2,395 over 2025, with more recent events seeing returns to the $2,295 low. That low price circled back around the track for Black Friday and Cyber Monday, with it holding strong for an unknown time longer at the best price tracked, courtesy of the $300 markdown.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
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