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.
2024 Nissan Ariya (Source: Nissan)
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 EV6 (Source: Kia)
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.
2024 Hyundai IONIQ 5 (Source: Hyundai)
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.
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In a discussion on the increase in crime committed by individuals riding electric motorbikes, the Hampshire Police and Crime Commissioner, Donna Jones, has claimed that a certain style of bike is being used “almost exclusively” for criminal actions.
Jones, a British Conservative Party politician, made the claim in reference to Sur Ron-style electric motorbikes, which resemble something fitting between a small dirt bike and a large electric bicycle.
These vehicles, which can often reach around 50 mph (80 km/h), are technically not electric bicycles but rather small electric motorcycles. They are designed primarily for use on off-road trails and other non-street uses, meaning they are rarely street-legal. However, young riders often use them on streets anyway.
According to the Daily Mail, “The Police and Crime Commissioner claimed the majority of people using these type of e-bikes are ‘doing something wrong’ as she voiced her concerns over the spate of crime gripping Britain.”
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Jones says that these electric motorbikes have been used extensively in street crime, usually in the form of phone snatching. Social media is full of videos of pedestrians walking down the street while using their phones and having them grabbed by a rider of a Sur Ron-style electric motorbike.
Scotland Yard has reportedly been in contact with the Chinese company Sur Ron, the manufacturer of many of these electric motorbikes, and the company has apparently vowed to cooperate with police.
Sur-Ron-style electric motorbikes have surged in popularity among young riders in Britain, particularly in urban areas where their lightweight frames, high torque, and near-silent operation make them appealing for both recreation and practical commuting. However, we’ve also seen them become a praised getaway vehicle for criminals, even if Jones’ claim that they are used “almost exclusively” for crime is quite likely an exaggeration based on confirmation bias.
Unlike traditional combustion engine motorcycles, these e-motorbikes can be more easily obtained to be ridden without a license, even if that is not permitted by local laws. Additionally, many are easily modified to exceed UK regulations with higher speed and power than is traditionally permitted.
Their ability to accelerate quickly and maneuver through traffic with ease has also made them a tool of choice for criminal activity, particularly in these types of phone-snatching and ride-by thefts, where offenders use the bikes to evade police and disappear into narrow streets or pedestrian areas.
With police enforcement struggling to keep pace with their widespread, often unregistered use, authorities continue to debate whether tougher restrictions or alternative solutions are needed to curb both their illegal modifications and criminal misuse.
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After dominating in China, BYD is making an aggressive push into Europe. With another EV plant reportedly coming soon, this time in Germany, BYD is taking direct aim at Volkswagen, BMW, and other domestic OEMs.
BYD wants a third EV plant in Europe, likely in Germany
BYD is already quickly expanding its European footprint with two manufacturing plants under construction. One is in Hungary, and the other is in Turkey.
According to a new report, a third could be coming soon. BYD’s executive vice president, Stella Li, recently told German newspaper Automobilwoche that the Chinese EV maker is eyeing another plant, and this time, it could be in Germany, the heart of Europe’s auto industry.
Although Li didn’t offer any other details, a source familiar with the matter told Reuters that Germany is likely BYD’s best option.
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Germany is home to Volkswagen, BMW, Mercedes-Benz, Porsche, and several others, which could lead to a major market shakeup.
BYD has been gaining momentum, with overseas sales surging in the first two months of 2025. In January, the company sold a record 66,336 NEVs overseas. Last month, BYD topped that with just over 67,000 vehicles shipped to overseas markets.
BYD launches Sealion 7 smart electric SUV at 2024 Paris Motor Show (Source: BYD)
Chinese brands continued gaining traction despite new vehicle registrations falling 2% in Europe in January. With over 37,100 vehicles registered, Chinese brands accounted for 3.7% of the market, up from 2.4% in January 2023.
BYD wants to grow the brand in Europe and connect with local buyers. Although Germany would likely be the best place to do so, high energy costs could be a challenge.
Michael Shu, Managing Director of BYD Europe, speaks at the IAA (Source: BYD)
With the EU imposing new tariffs on EV imports from China, BYD could offset some of the costs through local production. Meanwhile, China has also warned domestic companies not to invest in countries applying additional tariffs.
BYD’s wide-reaching electric vehicle portfolio (Source: BYD)
BYD’s plant in Hungary is scheduled to open in October. The second in Turkey will come online in 2026, and both plants are expected to have a combined annual production capacity of 500,000.
Although BYD is best known for its low-cost electric cars, like the Dolphin and Atto 3, the company is expanding with luxury EVs, pickups, smart SUVs, and supercars now hitting the market.
BYD is aggressively ramping up in the region. According to S&P Global Mobility, BYD’s sales are expected to double in 2025 to 186,000. By 2029, the company is expected to sell around 400,000 vehicles with a full lineup.
No final decision has been made yet, but Li said the third plant could come within the next two years. After overtaking Volkswagen as China’s largest automaker, BYD could set up shop on its home turf. Check back soon for more. We’ll keep you updated with the latest.
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We EV enthusiasts have heard it all from the haters before. “What are you gonna do with all those batteries?” “There’s just not enough range,” and, of course, “Charging takes so much longer than a gas station visit.” As previously teased, Chinese auto conglomerate BYD has introduced a new 1,000-volt EV platform that can enable charging rates as fast (or perhaps faster) than a trip to the gas station. We’re talking five minutes.
We got official confirmation from BYD this morning (evening in Shenzen, China) following a report we followed last Friday. On its Weibo page last week, Build Your Dreams (BYD) teased some capabilities of a new EV architecture it calls the “Super E-Platform,” sharing that it will enable charging parity with gas station visits.
To achieve that, BYD promised 1,000 kW charge speeds—double the current industry leaders, including Tesla. In reality, it’s tripling the standard as most fast chargers on the market can only reach about 350 kW, and many of them (in the US, at least) are usually more in the 200s.
While there are some ultra-luxe EV models powered by higher voltage platforms, 800V has been the ceiling for a while, and to be honest, most models today cannot even hit 350 kW. BYD plans to change that with its new “Super E-Platform,” which has officially been unveiled and offers 1,000V and charge rates up to 1,000 kW.
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Source: BYD/Weibo
BYD delivers charging speeds similar to gas station visits
As promised last Friday, BYD held a livestream event at its headquarters in Shenzen, China, where it officially unveiled its new 1,000V Super E-Platform, capable of charging 1MW+ (1,000 kW) rates. Per its Weibo post (translated from Chinese):
BYD officially releases flash charging battery with ultra-high voltage of 1000V, ultra-large current of 1000A and ultra-large power of 1000kW, achieving global mass production of megawatt flash charging with the highest peak charging speed of 1 second and 2 kilometers, completely solving users’ charging anxiety when traveling.
As you can see from the images detailing the new platform’s specs above, this is a 1,000-volt, 1,000-amp platform that enables charging up to 400km (249 miles) of range in a mere five minutes. As we pointed out last week, today’s event also marked the launch of BYD’s new Han L and Tang L models in China, which will utilize the new fast-charging platform.
To support future models capable of these industry-leading charging speeds, BYD plans to implement over 4,000 ultra-fast charging stations around China. However, the timeline of that rollout remains unknown to the public. You can watch BYD’s complete live stream, debuting the technology and its capabilities here.
Electrek’s take
While this technology is designed in China, for China (at least for now), BYD’s debut of the Super E-Platform is a momentous day for the EV industry. BYD has developed and delivered platform architecture that is the best in the world on paper and has proven that it is possible to deliver charging speeds that are on par with a trip to the gas station.
Charging times remain a huge hurdle for larger EV adoption, so news like this breaks a ceiling for the current industry and offers a glimpse into the future to a day when more and more electric vehicles can recharge quickly, taking one more argument away from naysayers. Bravo BYD.
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