Here are the EVs you can lease for under 0 a month this October

Here are the EVs you can lease for under $200 a month this October

Published

4 weeks ago

October 7, 2024

admin

Who said electric vehicles are too expensive? With several EVs on sale for lease under $200 a month this October, the prices prove otherwise. Here are some of the best EV lease deals this month.

Despite talk of EV sales slowing in the US, most automakers just had a record third quarter. General Motors, Kia, Honda, and several others set EV sales records in Q3 with new models rolling out.

According to Cox Automotive, electric vehicle sales rose another 8% in the US in the third quarter, reaching 9% of the total auto market.

One of the biggest growth drivers is the ballooning incentives, especially for leasing. Leases accounted for 39.4% of retail EV sales in June, nearly double the industry average of 20.7%.

With most automakers passing on the $7,500 IRA tax credit, many electric models are about the same or even cheaper than a gas-powered equivalent.

In addition to leasing credits, conquest offers, and loyalty discounts, some EVs are available with nearly $20,000 in savings.

Despite having higher price tags, the massive incentives make it cheaper to lease an electric vehicle.

EVs for lease under $200 a month in October

With several models available for under $200 a month, including Hyundai, Nissan, and Kia EVs, October may be the perfect time to go electric. Here are some of the best EV lease deals this month (you can find deals in your area at the bottom).

The Nissan LEAF continues to be one of the most affordable EVs on the market, even before discounts.

	Lease From	Term (months)	Due at Signing	Effective rate per month (including up front fees)
2024 Nissan LEAF	$109	36	$2,529	$179
2024 Nissan Ariya	$99	36	$3,329	$238
2024 Kia Niro EV	$169	24	$3,999	$336
2024 Kia EV6	$179	24	$3,999	$346
2024 Hyundai IONIQ 5	$199	24	$3,999	$366

EVs for lease under $200 per month in October 2024

According to online car research firm CarsDirect, the 2024 Nissan LEAF S 40 kWh is listed for just $109 for 36 months. The deal includes $2,529 due at signing for an effective cost of $179 per month. In other parts of the US, the LEAF is still available as low as $179 per month, with $4,379 due upfront.

Nissan’s electric Ariya SUV is incredibly affordable to lease in many parts of the country. Despite an MSRP of around $40,000, the 2024 Nissan Ariya Engage can be leased for as low as $99 for 36 months, with $3,329 due at signing.

The deal includes a $5,000 Colorado Innovative Motor Vehicle Credit, $10,000 in bonus cash, and a $1,000 loyalty bonus.

The Kia Niro EV is another top EV lease option this month. You can lease a 2024 Kia Niro Wind EV for $169 for 24 months. With $3,999 due at signing, the monthly effective rate is $336.

Kia’s EV6 also made the list, with leases starting at $179 per month. The 2024 Kia EV6 Light Long Range RWD is available for $179 for 24 months. With $3,999 due at signing, the monthly effective rate is $346. In other parts of the country, the EV6 is listed at $249 per month.

At under $200 a month, the Hyundai IONIQ 5 is one of the best EV lease deals this October. The 2024 Hyundai IONIQ 5 RWD SEL is offered for just $199 for 24 months despite an MSRP of $48,795. With $3,999 due at signing, the effective rate is $366 per month.

Other EV lease deals to consider this month include the Toyota bZ4X (from $239 per month), Honda Prologue ($259 per month), Subaru Solterra ($329 per month), and Kia’s three-row EV9 ($349 per month).

Ready to take advantage of the savings? The offers won’t last long with many ending at the end of the month. You can use our links below to view offers in your area.

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

Environment

Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

Published

7 hours ago

November 5, 2024

admin

Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

On today’s episode of Quick Charge, Tesla’s Cybertruck is now available in Canada – and, like in the US, there’s no waiting! Plus, we’ve got an “actually” smart summon Tesla that’s actually stuck, GM reaches a sales milestone, and we get a brand-new title sponsor!

Today’s episode is the first with our new title sponsor, BLUETTI – a leading provider of portable power stations, solar generators, and energy storage systems.

Source Links

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple Podcasts, Spotify, TuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonusLucid proves than an EV company can keep its promises while Xiaomi teams up with Chevrolet and Honda to prove – at least conceptually – that records are made to be broken. audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news!

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show!

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

Environment

This ‘supercharger on wheels’ brings fast charging to you [update]

Published

9 hours ago

November 4, 2024

admin

This 'supercharger on wheels' brings fast charging to you [update]

Mobile car care company Yoshi Mobility launched a DC fast charging EV mobile unit that it likens to “a supercharger on wheels.”

November 4, 2024 update: Yoshi Mobility will only be charging EVs on the side of the road now – it announced today that it’s selling its fleet fueling operation to EZFill Holdings (Nasdaq: EZFL).

It was originally founded as a direct-to-consumer, mobile fueling business in 2016, but now it’s going to focus on mobile EV charging, virtual vehicle inspections for partners like Uber and Turo, and onsite preventative maintenance.

Bryan Frist, Yoshi Mobility’s CEO & cofounder, said, “By spinning off our fuel business and focusing all of our energy on solving hair-on-fire problems that fleet owners face, we are meeting the changing needs of enterprise customers while making the future of transportation safer, cleaner, and more sustainable.”

May 22, 2024: Yoshi Mobility saw that its existing customers needed mobile EV charging in places where infrastructure has yet to be installed, so the Nashville-based company decided to bring the mountain to Moses.

“We recognized a demand among our customers for convenient daily charging, reliable private charging networks, and proper charging infrastructure to support their fleet vehicles as they transition to electric,” said Dan Hunter, Yoshi Mobility’s chief EV officer and cofounder.

The company says its 240 kW mobile DC fast charger, which can turn “any EV” into a mobile charging unit, is the first fully electric mobile charger available. It can provide multiple charges in a single trip but doesn’t detail how they charge the DC fast charger or who manufactured it. (I asked for more details, and they replied that they won’t disclose client names or the manufacturer of its DC fast charger yet.)

Yoshi is launching its mobile charger on two GM BrightDrop Zevo 600s and will introduce additional vehicles throughout 2024. It aims for full commercialization by Q1 2025. (I wonder if the Zevo 600 ever charges itself? Yes, I asked that too.)

Yoshi Mobility says it’s already deployed its EV charging solutions to service “major OEMs, autonomous vehicle companies, and rideshare operators” across the US. Its initial customers are made up of large EV operators managing “hundreds” of light-duty vehicles requiring up to 1 megawatt of energy per day that don’t yet have grid-connected EV chargers. I’ve asked Yoshi for details of who it’s working with, and will update if they share that info.

The company says pricing is based on location and enterprise charging needs. Once under contract for service, the service will be deployed to US-based customers within 10 days.

To date, Yoshi Mobility has raised more than $60 million, with investments from GM Ventures, Bridgestone, ExxonMobil, and Y-Combinator in Silicon Valley.

If you’re an electric vehicle owner, charge up your car at home with rooftop solar panels. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing on solar, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –ad*

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

Environment

Marqeta shares plunge more than 30% on big forecast miss

Published

10 hours ago

November 4, 2024

admin

Marqeta shares plunge more than 30% on big forecast miss

Marqeta celebrates its initial public offering at the Nasdaq on June 9, 2021.

Source: The Nasdaq

Marqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter.

Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:

Loss per share: 6 cents adjusted vs. a loss of 5 cents expected
Revenue: $128 million vs. $128.1 million expected

While third-quarter results showed a slight disappointment on the top and bottom lines, Marqeta’s forecast for the current period was more concerning.

The payment processing firm said revenue in the fourth quarter will increase 10% to 12% from a year earlier. Analysts were looking for growth of more than 17%, according to LSEG.

Marqeta, which primarily functions as a card-issuing platform, attributed the guidance miss to “heightened scrutiny of the banking environment and specific customer program changes.” The company has been struggling for a while, and its stock is now down more than 80% from its peak in 2021, the year it went public. The stock was down 15% for the year prior to the report.

Total processing volume of $74 billion was up more than 30% from a year earlier. Net revenue and gross profit were up 18% and 24%, respectively.

Marqeta’s digital commerce business sells payment technology designed to detect potential fraud and ensure that money is properly routed. It also issues customized physical cards that look like a credit or debit card that can be used for point-of-sale purchases.

The company has been trying to break into the buy now, pay later business with a recently launched product called Marqeta Flex. The service brings BNPL from lenders such as Affirm or Klarna to any credit card wherever Mastercard and Visa are accepted.

“It’s an orchestration layer, but it’s tied to issuing and processing and disputes and chargebacks,” CEO Simon Khalaf told CNBC at Money2020 in Las Vegas last week. “So it is not actually a Wild West in BNPL. It is actually very well established. And there is a reason why a lot of people are jumping to it.”