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The Honda Prologue and Hyundai IONIQ 5 are now some of the most leased EVs in the US. After introducing hefty discounts, the electric SUVs trailed only the Tesla Model 3 and Model Y in the third quarter.

Thanks to higher incentives and new lower-priced models, leasing an electric vehicle is more affordable than ever. Including the $7,500 federal tax credit, some automakers are offering discounts of $10,000 to upwards of $20,000 on EV models.

The discounts have made EVs more retractable than many of their gas-powered equivalents. According to Experian, EVs accounted for over 10% of new vehicle financing in Q3, surging 30% from last year.

“The growth in EV financing can be attributed to two factors: the EV tax credit and more affordable models hitting the market,” Melinda Zabritski, Experian’s head of automotive financial insights, explained. Experian’s new Q3 2024 State of the Automotive Finance Market Report revealed EV leasing nearly doubled from last year.

Leasing accounted for 45% of all new EV transactions in the third quarter, up from 25% last year and 9.5% in Q3 2022.

The biggest factor in choosing a lease is the significantly lower monthly payments. The monthly payment for leasing a new EV was $198 lower than the average monthly payment for a new loan last quarter.

most-leased-EVs
(Source: Tesla)

Honda, Hyundai electric SUVs join most leased EVs in Q3

According to the report, the top five most leased EVs included the Tesla Model 3 (13.60%), Tesla Model Y (9.30%), Hyundai IONIQ 5 (6.51%), Honda Prologue (5.11%), and Ford Mustang Mach-E (4.86%).

Share of EV leases in Q3 2024
Tesla Model 3 13.60%
Tesla Model Y 9.30%
Hyundai IONIQ 5 6.51%
Honda Prologue 5.11%
Ford Mustang Mach-E 4.86%
Top five most leased EVs in the US in Q3 2024 (Source: Experian)

Honda and Hyundai are climbing the charts with stylish, long-range EV models at an affordable price. After delivering the first models in March, Honda has already sold over 25,000 Prologues in the US, including a record over 6,800 in November alone.

most-leased-EVs
2024 Honda Prologue Elite (Source: Honda)

The 2024 Honda Prologue starts at $47,400, but with the $7,500 EV tax credit, prices fall to potentially under $40,000. Honda’s Prologue is available to lease for as little as $259 for 36 months.

That’s even cheaper than a Honda Civic, starting at $279 per month, despite costing nearly twice as much. The 2025 Honda Civic 2WD LX starts at $24,250.

2024 Honda Prologue trim

Starting Price
(w/o $1,395
destination fee)
Starting price after
tax credit

(w/o $1,395
destination fee)
Starting price after
tax credit

(with $1,395
destination fee)
EPA Range
(miles)
EX (FWD) $47,400 $39,900 $41,295 296
EX (AWD) $50,400 $42,900 $44,295 281
Touring (FWD) $51.700 $44,200 $45,595 296
Touring (AWD) $54,700 $47,200 $48,595 281
Elite (AWD) $57,900 $50,400 $51,795 273
2024 Honda Prologue prices and range by trim

Hyundai is also coming off a new US sales record in November after IONIQ 5 sales more than doubled. With another nearly 5,000 models sold last month, Hyundai has sold over 39,800 IONIQ 5’s in the US through November.

The sales surge comes after Hyundai introduced the updated 2025 IONIQ 5, which has more range and a sleek new design. It even includes an NACS port to access Tesla Superchargers.

most-leased-EVs
Hyundai’s new 2025 IONIQ 5 Limited with a Tesla NACS port (Source: Hyundai)

With the updated models arriving at dealerships, Hyundai is offering clearance prices on 2024 models, with leases starting as low as $199 per month.

Ford is offering several deals on its EV models. Through an end-of-year promo, Ford is offering up to $10,500 off the 2024 Mustang Mach-E through leasing. To sweeten the deal, Ford is also giving EV buyers a free Level 2 home charger and covering the cost of standard installation through its new “Power Promise.”

most-leased-EVs
Ford Mustang Mach-E (left) and F-150 Lightning (right) (Source: Ford)

Tesla recently introduced new incentives to close out the year, including 3 months of free Full Self-Driving (Supervised) and Supercharging if you take delivery of a new inventory vehicle by December 31.

With Trump’s transition team reportedly planning to end the EV tax credit, these savings could largely disappear next year.

Are you ready for your next EV? Now may be the time to start shopping with some of the biggest discounts to date. You can use our links below to find the best offers on popular electric models in your area.

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Next Generation Kenworth electric semi truck now available with Bendix ADAS

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Next Generation Kenworth electric semi truck now available with Bendix ADAS

Kenworth has announced the addition of Bendix’ Fusion advanced driver assist system (ADAS) to its line of options on the T680 line of Class 8 commercial semi trucks – a lineup that includes the Next Generation T680E battery electric semi truck.

One of the many new trucks revealed at the 2025 ACT Expo in Anaheim, California earlier this year, the Next Generation Kenworth T680E featured the latest advancements in battery-electric technology, an enhanced exterior design, and a suite of new, in-cab technology that extends to the addition of three Bendix Fusion version: ADAS, ADAS PRO, and ADAS PREMIER.

All three of the announced ADAS packages offer updated Adaptive Cruise Control (ACC) with ACC Stop and Auto Go™, a new Pedestrian Autonomous Emergency Braking (PAEB) feature, and a new High Beam Assist feature to reduce the likelihood of blinding oncoming drivers supported by the addition of a new forward-looking camera.

Those updates are in addition to the ADAS units Autonomous Emergency Braking (AEB), Multi-Lane Autonomous Emergency Braking, Highway Departure Braking (HDB), and Stationary Vehicle Braking (SVB), Lane Departure Warning, and Bendix® Blindspotter® Side Object Detection already available on previous versions of the ADAS-equipped Kenworth.

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Kenworth migital mirrors


Kenworth DigitalVision Mirrors; via Bendix.

Now that we’ve got that acronym-loaded word-salad out of the way, we can get to the point: the newest generation of electric trucks is easier and safer to drive – and not just safer for the truck’s operators, but for the people who share the roads with them, too.

Kenworth T680E electric semi


Next Generation T680E; via PACCAR Kenworth.

The Next-Generation T680E is available with up to 605 peak hp and 1,850 lb-ft of torque from a PACCAR Integrated ePowertrain fed from a 500 kWh li-ion battery pack good for more than 200 miles of loaded range. The updated Class 8 BEV is rated up to 82,000 lb. gross vehicle weight ratings (GVWR), and can get that load back up to speed quickly with a 350 kW peak charge rate that means the T680E can charge up to 90% in just two hours.

That system isn’t just more efficient than the first generation truck, it’s also more serviceable than it was before.

“This move to a fully integrated and ground-up PACCAR design means we were able to design for enhanced serviceability,” explains Joe Adams, Kenworth’s chief engineer. “Providing easier access to the Master Service Disconnects for improved safety and increased uptime and allowing the use of the DAVIE service tool for troubleshooting and diagnostics.”

The Next Generation Kenworth T680E electric semi truck is designed for short and regional-haul, LTL, and drayage operations. It’s available as a day cab as either a tractor or straight truck in a 6×4 axle configuration.

SOURCE | IMAGES: Kenworth; via Kenworth.


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Dealers are slashing prices on 2025 Kia Niro EV, nearly 25% off!

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Dealers are slashing prices on 2025 Kia Niro EV, nearly 25% off!

Just like it says on the tin – retailers are advertising killer deals on the fun-to-drive Kia Niro EV, with one midwest auto dealer reporting more than $10,000 off the sticker price of the Niro EV Wind. That’s nearly 25% off the top line price!

SKIP THE STORYget straight to the deals.

The Kia Niro EV gets overshadowed by its objectively excellent EV6 and EV9 stablemates – both of which are currently available with substantial lease cash and 0% APR financing, in fact – but that doesn’t mean it’s not an excellent little electric runabout in its own right.

The last time I had a Niro EV tester, my kids loved it, I liked that it was quicker and more tossable than I expected it to be, and my wife liked the fact that “it doesn’t look electric. It looks normal.” And, with well over 200 miles of real world range (EPA-rated range is 253 miles), it was more than up to the task of commuting around Chicago and making the trip up to the Great Wolf Lodge in Gurnee and back without even needing to look for a charger.

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It’s not the primary family hauler I’d choose – but as a second car? As a primary car for a slightly smaller family (1-2 kids, instead of 3-4)? The Kia Niro EV Wind, with a $42,470 MSRP, seems like a solid, “can’t go wrong” sort of choice. You know?

You won’t even have to pay that much, though. Raymond Kia in Antioch, Illinois is advertising a $42,470 Niro EV for $32,431 (that’s $10,039, or about 24% off the MSRP), and several others are advertising prices in the $33,000 range.

And, while we’re at it:


SOURCE | IMAGES: CarsDirect, Edmunds, Raymond Kia.


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Lion Electric leaves US school districts stuck with unsafe, broken buses

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Lion Electric leaves US school districts stuck with unsafe, broken buses

Many school districts who used EPA funding to help purchase Lion Electric school buses are now stuck with broken down or unsafe vehicles – but Lion’s new Canadian investors seemingly have no plans to make things right.

“All four Lion buses that we own are currently parked and not being used,” Coleen Souza, interim transportation director of Winthrop Public Schools, told Jay Traugott over at Clean Trucking. “Two of them are in need of repairs which would cost us money which we are not willing to invest in because the buses do not run for more than a month before needing more repairs.”

The story is much the same at other US school districts who deployed Lion Electric buses over the last few years – and the trouble they describe isn’t isolated to a single component or system. One district we spoke to had onboard chargers that failed almost immediately after being plugged into a L2 AC charger. Another that spoke to Traugott reported emergency door gaps, power steering failure, loss of power, and braking issues.

As bad as the revelations of safety and drivability issues and $250 million in unresolved debt have been, it’s the objectively stupid design choices that have been the most shocking.

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“Lion built an auxiliary diesel heater to heat the bus, essentially writing the manual as they went,” explained a school superintendent in the midwest, who asked not to be named. “It was fascinating to watch but there were design flaws with the heater. For example, the intakes pointed downward and we’re driving across rural roads and the intake sucks in that dirt.”

“Using a diesel-powered heater to warm an electric bus also somewhat defeats the purpose of going 100% zero-emissions,” added Traugott.

Despite a new electric school bus rebate and a fresh cash injection from Vincent Chiara, president of Quebec real estate powerhouse Groupe MACH, and Lion director Pierre Wilkie, however, it seems like no help is coming.

It just gets worse and worse


Decommissioned Lion electric buses; via Winthrop Public Schools.

Despite early speculation – some of it my own, in fact – that the new investors would take the Canadian government up on its offer to help subsidize more electric school bus production and honor the company’s outstanding warranty claims, it appears the only vehicle line the new investors are interested in reviving are the the Class 8 electric semi manufacturing operations in Saint-Jérôme, Quebec.

The US school districts who spent tens of millions of taxpayer dollars in the hopes that Lion buses would help decarbonize their fleets and reduce students’ exposure to harmful diesel emissions? Many of them are back to using diesel, while others are trying to get their deposits back so they can buy something else.

Here’s hoping any school districts on the fence for electrification recognize that their are very real, very well-engineered, and very financially sound electric school bus manufacturers out there who can deliver on their promises.

SOURCES: Chicago Tribune, Clean Trucking, Electrical Business.


Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. The best part? No one will call you until after you’ve elected to move forward. Get started, hassle-free, by clicking here.

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