Connect with us

Published

on

Lease deals get all the hype, but some people still want to own the car they’ve made all those payments on. If that’s you, and you’ve been waiting for interest rates to drop, you’re in luck: there’s a bunch of great EVs you can buy with 0% financing this month!

Update 12SEP: two hot new EVs make the list!

As I was putting this list together, I realized there were plenty of ways for me to present this information. “Best EVs ..?” Too opinion based. “Cheapest EVs ..?” Too much research. In the end, I went with alphabetical order, by make. And, as for which are the new deals? You’re just gonna have to read the article. Enjoy!

Chevrolet Silverado EV

Chevy's-Silverado-EV-LT
Chevy Silverado EV; via GM.

The Silverado EV may not present the best lease deal in the business, but it’s an extremely capable electric pickup that may be a great option to buy instead of lease, thanks to $1,500 in unadvertised incentive cash and 0% financing.

Click here to find a Chevy Silverado EV near you and arrange a test drive.

Ford Mustang Mach-E

Ford-dealers-low-cost-EVs
2024 Ford Mustang Mach-E GT Bronze edition; via Ford.

The Ford Mustang Mach-E is a controversial nameplate on an otherwise mainstream electric offering. It’s a mid-sized, mid-priced crossover with a sporty profile and even sportier driving dynamics. For 2024, Ford gave the Mach-E more range (up to 320 miles), faster charging (by nearly 6 minutes to 80%), and even a hardcore rally version.

This month, you can finance a Mustang Mach-E at 0% for 72 months.

Hyundai IONIQ 5

Hyundai-IONIQ-5-lease-cheapest
2024 Hyundai IONIQ 5; via Hyundai.

One of my all-time favorite retro rides, this Hyundai Pony/Lancia Delta-inspired Hyundai IONIQ 5 combines practical five-passenger packaging and a light, airy interior with serious driving fun. If they sold it in bright white with Martini decals from the factory, I’d already have two.

Now that you can buy one with 0% financing for 60 months? I might buy (another) one, anyway. Click here to see what it would cost to put an IONIQ 5 in your driveway.

Kia EV9

Kia-EV9-GT-spotted
Kia EV9 GT-Line; via Kia.

If you were waiting for a three-row SUV from a mainstream brand with a great warranty and normal doors, you’ve probably already checked out the Kia EV9 … and you’re not alone. Kia keeps setting EV sales records, and the EV9 is driving those sales forward.

Kia’s electrified sales train doesn’t seem to be slowing down anytime soon, either. In addition to seeing some substantial discounts out there, you can finance a Kia EV9 at 0% for 48 months through September.

Kia’s other EVs, the EV6 and Niro EV, also have 0% deals for up to 60 months.

Mitsubishi Outlander PHEV

Mitsubishi Outlander PHEV
2024 Mitsubishi Outlander PHEV; via Mitsubishi.

One of the first three-row plugin cars to hit the market, Mitsubishi’s Outlander PHEV is a great “lily pad” vehicle for suburban families who want to drive electric but still worry about being able to find a charging station when they need one.

With up to 38 miles of all-electric range from its 20 kWh li-ion battery, most Americans will hardly ever need to fire up the Outlander’s gas engine (assuming they plug it in). Once they’re ready for their next new vehicle? They’ll be ready to go electric – especially at 0% financing for 48 months plus $3,000 off MSRP.

Subaru Solterra

Subaru's-most-discounted-cars
2024 Subaru Solterra; via Subaru.

Despite being a somewhat slow seller and the mechanical twin of the Toyota bZ4X EV, Subaru’s Solterra is a solid mid-size electric crossover with some outdoorsy vibes that offers more than enough utility to carry your mountain bikes to the trail or your kayaks to the river.

This month, you can get a new Solterra with 0% financing for up to 72 moths.

Volkswagen ID.4

Volkswagen-delays-EVs
Volkswagen ID.4; via VW.

One of the most popular legacy EVs, the ID.4 offers Volkswagen build quality and a lighthearted style that’s somehow eluded its Audi cousins. Still, with a relatively affordable base price, lickety-quick charging, and up to 291 miles of EPA-rated range, the ID.4 offers a value proposition that many find tough to beat.

This month, the only way to beat the ID.4’s 0% financing would be to convince the bank to pay you to borrow money (good luck with that). Click here to find an ID.4 near you.

Disclaimer: the vehicle models and financing deals above were sourced from CarEdge and CarsDirect, and may not be available in every market, with every discount, or for every buyer (the standard “with approved credit” fine print should be considered implied). Check with your local dealer(s) for more information.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Lectric Ebikes may be launching a new XP 4 this week, and it could change everything

Published

on

By

Lectric Ebikes may be launching a new XP 4 this week, and it could change everything

Lectric Ebikes appears to be preparing for a major new product launch, teasing what looks like the next evolution of its wildly popular folding fat tire electric bike. Based on the clues, it looks like a new Lectric XP 4 could be inbound.

In a social media post released over the weekend, the company shared a minimalist graphic reading “XP4” along with the message “Tune in 5.6.2025 9:30AM PT.” That date – this Tuesday – suggests we’re just hours away from the big reveal of the Lectric XP 4.

If true, this would mark the next generation of the most successful electric bike in the U.S. market. The current model, the Lectric XP 3.0, has become an icon of accessible, budget-friendly electric mobility. Starting at just $999, the XP 3.0 offers a foldable frame, fat tires, a 500W motor, a rear rack, lights, and hydraulic brakes – all packed into a highly shippable design that arrives fully assembled. It’s the kind of package that has helped Lectric claim the title of best-selling e-bike brand in the U.S. for several years in a row.

With the XP 3.0 still going strong, the teaser raises plenty of questions. Will the XP 4.0 be a modest update or a major leap forward? Could we see new features like torque-sensing pedal assist, a location tracking option, or upgraded performance? Or is Lectric preparing a more comfort-oriented variant, maybe even with upgraded suspension or even more accessories included standard?

Advertisement – scroll for more content

The teaser image, which features stylized stripes in grey, blue, and black, may hold some clues. One theory is that the colors represent new trim options or component upgrades. Another possibility is that Lectric is preparing multiple variants of the XP 4.0 – perhaps targeting commuters, adventurers, and off-road riders with purpose-built versions. We took the liberty of a bit of rampant speculation late last year, so perhaps that’s now worth a revisit.

At the same time though, Lectric’s penchant for launching new models at unbelievably affordable prices has never run up against such strong pricing headwinds as those posed by uncertainty in the current US-global trade war fueled by rapidly changing tariffs for imported goods.

lectric xp 3.0 hydraulic
Previous versions of the Lectric XP e-bike line have seen sky-high sales

Whatever the case, Lectric’s knack for surprising the industry with high-value, customer-focused e-bikes means expectations will be high. The brand has built a loyal following by delivering reliable performance at a price point that few can match, and any major update to the XP lineup is likely to ripple across the market.

As a young and energetic e-bike company, Lectric is also known for throwing impressive parties around the launch of new models. It looks like I may need to hop on a red-eye to Phoenix so I can see for myself – and so I can bring you all along, of course.

Be sure to tune in Tuesday at 9:30AM PT to see what Lectric has in store – and you can bet we’ll have all the details and first impressions as soon as they drop.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

Published

on

By

U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

Logo of the Organization of the Petroleum Exporting Countries (OPEC)

Andrey Rudakov | Bloomberg | Getty Images

U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.

U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year.

The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes a month after OPEC+ surprised the market by agreeing to surge production in May by the same amount.

The June production hike is nearly triple the 140,000 bpd that Goldman Sachs had originally forecast. OPEC+ is bringing more than 800,000 bpd of additional supply to the market over the course of two months.

Oil prices in April posted the biggest monthly loss since 2021, as U.S. President Donald Trump’s tariffs have raised fears of a recession that will slow demand at the same time that OPEC+ is quickly increasing supply.

Oilfield service firms such as Baker Hughes and SLB are expecting investment in exploration and production to decline this year due to the weak price environment.

“The prospects of an oversupplied oil market, rising tariffs, uncertainty in Mexico and activity weakness in Saudi Arabia are collectively constraining international upstream spending levels,” Baker Hughes CEO Lorenzo Simonelli said on the company’s first-quarter earnings call on April 25.

Oil majors Chevron and Exxon reported first-quarter earnings last week that fell compared to the same period in 2024 due to lower oil prices.

Goldman is forecasting that U.S. crude and Brent prices will average $59 and $63 per barrel, respectively, this year.

Catch up on the latest energy news from CNBC Pro:

Continue Reading

Environment

Chicago plans more, and more equitable public charging as EV sales climb

Published

on

By

Chicago plans more, and more equitable public charging as EV sales climb

Electric vehicles’ share of the market continues to climb in America’s second city, with BEV registrations up more than 50% in the first quarter of 2025 compared with the same period last year. Great news, but charging hasn’t up – but a new plan from Chicago Department of Transportation aims to build up enough infrastructure for the city to keep up.

In a bid to keep up with the rapid growth of EVs, Chicago Department of Transportation (CDOT is currently seeking public feedback on a plan called “Chicago Moves Electric Framework.” The city’s first such plan, it outlines initiatives that include a curbside charging pilot through the city’s utility, ComEd, and expanded charging access in key areas throughout the city.

Unlike other such plans, however, the new plan aims to focus on bringing electric vehicle charging to EIEC and low income communities, too.

“Through this framework, we are setting clear goals and identifying solutions that reflect the voices of our residents, communities, and regional partners,” said CDOT Commissioner Tom Carney. “By prioritizing equity and public input, we’re creating a roadmap for electric transportation that serves every neighborhood and helps drive down emissions across Chicago.”

Advertisement – scroll for more content

Neighborhoods on the south and west sides of Chicago experience a disproportionate amount of air pollution and diesel emissions, largely due to vehicle emissions according to CDOT. Despite that, most of Chicago’s public charging stations are clustered in higher-income areas while just 7.8% are in environmental justice neighborhoods that face higher environmental burdens.

“Too often, communities facing the greatest economic and transportation barriers also experience the most air pollution,” explains Chicago Mayor Brandon Johnson. “By prioritizing investments in historically underserved areas and making clean transportation options more affordable and accessible, we can improve both mobility and public health.”

The Framework identifies other near-term policy objectives, as well – such as streamlining the EV charger installation process for businesses and residents and implementing “Low-Emission Zones” in areas disproportionately impacted by air pollution by limiting, or even restricting, access to conventional medium- and heavy-duty vehicles during peak hours.

The Chicago Moves Electric Framework includes the installation of Level 2 and DC fast charging stations in public locations such as libraries and Chicago’s Midway Airport, “supporting not only personal EVs but also electric taxis, ride-hail and commercial fleets.”

Chicago has a goal of installing 2,500 public passenger EV charging stations and electrifying the city’s entire municipal vehicle fleet by 2035.

Electrek’s Take

Chicago Drives Electric | ComEd Press Conference
ComEd press conference at Chicago Drives Electric, 2024; by the author.

I hate to sound like a bed-wetting liberal here, guys, but Chicago is getting EVs absolutely right with big utility incentives on both vehicles and infrastructure, a governor willing to stand behind smart environmental policy, and a solid push for more and better infrastructure in the areas where they’ll do the most good. They’re even thinking of the children.

Here’s hoping more cities follow suit.

SOURCE: ComEd, via Smart Cities Dive; featured image by EVgo.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending