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Who said you had to break the bank to drive an electric vehicle? Several EV lease deals are available this December for under $200 per month, but the savings may not last long. Here are some of the best EVs to consider leasing this month.

Electric vehicles accounted for nearly 9% of all vehicle sales in the US in the third quarter, its highest level on record.

“The growth is being fueled in part by incentives and discounts,” According to Stephanie Valdez Streaty, director of Industry Insights at Cox Automotive. The other part is the influx of more affordable models hitting the market.

In addition to the $7,500 federal tax credit, some discounts on EV models are reaching $10,000 to upwards of $20,000.

The massive incentives are slashing monthly payment prices, making many EV models on par or even more affordable than comparable gas-powered cars. According to a new Experian report, leasing accounted for 45% of all new EV transactions in the third quarter. That’s up significantly from 25% last year and just 9.5% in Q3 2022.

December-EV-lease-deals
(Source: Tesla)

Including incentives, the average monthly payment for leasing an EV was $198 less than if you financed a new model.

With Trump’s transition team reportedly planning to “kill off” the $7,500 EV tax credit, the savings could largely disappear. As buyers rush to take advantage of the discounts, EV sales are expected to surge this month.

December-EV-lease-deals
2024 Honda Prologue Elite (Source: Honda)

EV lease deals for under $200 a month this December

To close out the year strong and make room for new models, several companies are offering significant discounts on popular electric models, including Kia, Hyundai, Honda, GM, Ford, Stellantis, and more.

According to online automotive research company CarsDirect, several EV models are even available to lease for under $200 per month in December.

Lease From Term
(months)
Due at Signing Effective rate per month
(including upfront fees)
2024 Kia Niro EV $149 24 $3,999 $315
2024 Kia EV6 $159 24 $3,849 $319
2024 Hyundai IONIQ 5 $189 36 $3,999 $355
2024 Nissan Ariya $169 24 $6,219 $428
2024 Fiat 500e $179 42 $2,999 $250
2024 Honda Prologue $259 36 $2,999 $342
2024 Chevrolet Equinox EV $299 24 $3,169 $431
Best EV lease deals for under $300 a month in December 2024

The 2024 Kia Niro EV remains one of the most affordable electric cars on the market, with leases starting at as low as $149 for 24 months. With $3,999 due at signing, the effective rate is just $315 per month. That’s even cheaper than the plug-in hybrid model at $414 per month (including $3,499 due at signing).

Kia also offers a $199 per month for 36 months EV lease deal. With $3,999 due at signing, the effective cost is just $310 per month.

December-EV-lease-deals
2024 Kia EV6 (Source: Kia)

The EV6, Kia’s dedicated EV based on the same platform as Hyundai’s IONIQ 5, is listed with lease prices as low as $159 for 24 months. With $3,849 due at signing, the 2024 Kia EV6 Light Long Range RWD trim costs just $319 per month to lease.

Speaking of the IONIQ 5, Hyundai’s electric SUV is also available to lease this month for under $200. Through its “Hyundai Getaway Sales Event,” Hyundai is offering a $189 per month for 36-month lease offer on the IONIQ 5.

December-EV-lease-deals
2024 Hyundai IONIQ 5 (Source: Hyundai)

The 2024 Hyundai IONIQ 5 SE is $355 per month, with $3,999 due at signing. Hyundai’s big savings come as the upgraded 2025 model is arriving at dealers.

Nissan’s Ariya electric SUV is another top choice, with lease prices starting at as low as $99 per month. However, that’s only available in Colorado. In other parts of the country, like New York, the 2024 Nissan Ariya is listed at $169 for 24 months. With $6,219 upfront, the effective rate is $428 per month.

December-EV-lease-deals
2024 Nissan Ariya (Source: Nissan)

Fiat’s compact 500e EV is available to lease for $179 for 42 months this December. With $2,999 due at signing, you can lease the 2024 500e INSPI(RED) trim for just $250 per month.

Although not under $200, you may want to consider a few other EV lease deals this month. For example, Honda is offering its electric Prologue at just $259 per month for 36 months. With $2,999 due upfront, you can drive off in Honda’s electric SUV for just $342 per month. That’s less than a Honda Civic at $279 per month despite costing nearly twice as much.

At just $299 for 24 months, the 2024 Chevy Equinox EV is also worth a look. With $3,169 due at signing, you can lease the electric Equinox for just $431 per month.

Ready to take advantage of the savings? We can help you find the best EV lease deals in your area. Check out our links below to view offers on popular electric models in your area.

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Buzz tries to undercut Lectric with even lower-priced electric trike

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Buzz tries to undercut Lectric with even lower-priced electric trike

Buzz Bicycles has just launched its newest electric tricycle model, pushing prices even lower as older riders continue to gravitate towards electric three-wheelers as accessible e-bikes for both recreation and transportation. Now with the Buzz Cerana T2 hitting the road, the lower end of the market is heating up even faster. And Buzz may now have one of the best-priced mid-drive e-trikes in town.

There’s no shying away from the massive competition in the electric trike space. After Lectric eBikes launched the second generation of the US’ best-selling electric trike model last week, everyone now has a new target to beat. Priced at $1,499, the Lectric XP Trike2 sets a new standard for any retailer that wants to compete on price.

In the weeks since, we’ve seen other e-bike companies roll out their own next-generation models in an attempt to keep up with the driving force in the growing three-wheeler market. But the Buzz Cerana T2 is the first “second-gen” model I’ve seen since the XP Trike2 launch that has actually managed to undercut Lectric’s price. With a $1,399 sticker, the Buzz trike is a solid $100 cheaper.

So what does one Benjamin less get you? Let’s dive in and find out.

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First of all, the Cerana T2 rolls on relatively large wheels, with a 24×3.0″ front tire and 20×3.0″ rear tires. The trike is also powered by a mid-drive motor mounted at the bottom bracket, offering 500W of power.

The product page claims a 20 mph top speed, though that’d be pretty fast for a trike and may be a copy/paste error from another product page, which I’m entertaining as a possibility because right next to it is a graphic touting the rear hub motor – which this trike clearly does not have.

What it does have though is torque, and a lot of it! The mid-drive motor is rated for 130 Nm of torque, which is pretty far up the chart and exceeds the torque output of the vast majority of e-bikes on the market today.

With a throttle on the handlebars, the Cerana T2 qualifies as a Class 2 electric bike, though the five different levels of pedal assist and the cadence sensor mean that riders can also still get a nice workout at varying levels of effort if they choose to ignore the enticing throttle.

Considering the battery is a 48V 10.4Ah unit with only 500 Wh of capacity, pedaling is going to be important if riders want to achieve the claimed 40 miles (64 km) of maximum range on a single charge. If using the throttle frequently, a range of closer to half of that figure is more likely.

And for those who like to keep an eye out for UL certifications, you’ll be happy to hear that Buzz reports full UL2849 certification for the bike.

Other features on the Cerana T2 include the fender set, LCD display, 7-speed shifter, mechanical disc brakes, LED lighting in the front and rear, and an included front rack with matching rear basket.

There’s also an oversized saddle that features a manual drop post. It’s a hand lever found under the saddle that can instantly drop the post down several inches – a great way to quickly lower the seat when coming to a stop to dismount. It’s always a great way to get people to raise an eyebrow the first time you fiddle around for it in a fairly… intimate location.

Electrek’s Take

On the one hand, it feels a bit unfair to compare the Buzz Cerana T2 to the Lectric XP Trike2 instead of discussing this new model in its own right. But on the other hand, it’s one of several second-gen trikes to recently hit the market in the wake of the Trike2’s groundshattering unveiling, so I’d be doing the journalistic version of closing my eyes, putting my hands over my ears and shouting “La la la la!” if I pretended the two unveilings weren’t at least somewhat related.

Of course everyone is looking to save a buck (or a hundred of them) where they can, and the Cerana T2 even offers some cool things the XP Trike2 doesn’t, such as that dropper seat post and the mid-drive motor – though I’m not sure if the cadence sensor is worth it, not to mention that the XP Trike2’s jackshaft motor is essentially a hub motor functioning as a mid-drive. And while the Cerana T2’s lack of suspension is disappointing, the 3″ tires will help earn back some of the cushion lost to a rigid fork and frame.

On the other hand, the Cerana T2 has a few downsides, such as the lower-end mechanical disc brakes and the lack of a folding frame.

But hey, if it can really do 20 mph on the straightaways, then that might be its biggest selling point right there – other than the $1,399 price. Just watch out for those turns…

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Rivian (RIVN) to open a UK office that will focus on AI and autonomous driving technology

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Rivian (RIVN) to open a UK office that will focus on AI and autonomous driving technology

American EV automaker Rivian is expanding across the pond into the UK, hoping to tap into the region’s talent pool in artificial intelligence engineering.

Rivian is a growing American EV brand with expanding office footprints as much as its lineup of unique electric trucks and SUVs. The company is currently headquartered in Palo Alto, California, with its main production facility located in Normal, Illinois alongside plans for a second production footprint about 40 minutes outside of Atlanta, Georgia.

Other US locations currently include offices in Irvine and Carson, CA, Wittmann, AZ, and Plymouth, MI. Outside of the US, Rivian operates out of offices in Vancouver, BC, Canada, Amsterdam, Netherlands, and Belgrade, Serbia.

This morning, Rivian announced its latest international office in London, UK, which will become an AI-centric development hub.

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Rivian UK
Rivian’s production facilities in Normal, IL / Source: Scooter Doll

Rivian to open AI Hub in the UK

According to a release from Rivian early this morning, it sees the UK as rapidly becoming a world leader in artificial intelligence engineering, and is looking to tap into that talent pool with the new international office.

While Rivian’s current Autonomy Platform enables drivers to utilize hands-free, eyes-on highway driving, the American automaker intends to continue to evolve such tech to offer greater levels of autonomous capabilities.

Rivian shared that its second-generation EVs were designed with an “AI-centric approach.” As its Gen2 vehicle fleet continues to develop and grow, the automaker has been collecting more and more data to help accelerate the improvements to ADAS technology. Per the company:

Rivian believes the combined strength of its perception platform and in-vehicle data infrastructure will enable it to build a Large Driving Model, unlocking unparalleled understanding of complex driving scenarios and accelerating the path to safer, more capable autonomous features.

Rivian said the future work done at its new UK AI hub will enable its EVs to improve in the future via over-the-air (OTA) updates. Details remain light, but Rivian shared plans to host an “AI and Autonomy Day” later this year and promised to share more about its product and technology roadmap.

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A golf cart pickup truck? GEM-maker launches diverse new LSV line

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A golf cart pickup truck? GEM-maker launches diverse new LSV line

Waev, the company best known for its iconic GEM electric low-speed vehicles (LSVs), just unveiled a brand new lineup of commercial electric carts and LSVs. And this time, they’re not messing around when it comes to utility. Dubbed the Fusion line, these new lithium-ion-powered vehicles include mashups plucked from the worlds of golf carts, street-legal shuttles, and jobsite pickup trucks.

The Fusion lineup includes six different models: three designed for people-moving and three built for utility work. But all six still seem to be aimed squarely at commercial, municipal, and industrial fleets.

Whether that’s running security at a stadium, shuttling guests at a resort, or hauling equipment around a worksite, there looks to be something in the Fusion family that probably fits the bill.

On the people-moving side, Waev is offering 4, 6, and 8-passenger models, all of which feature a flip-up rear seat that converts into a cargo deck, a near ubiquitous feature among modern golf carts and LSVs with rear-facing benches that helps them pull double duty as a light utility vehicle. The feature gives them added flexibility for things like maintenance staff, hospitality transport, or even large campus tours, letting them carry a large number of passengers, yet still be capable of stacking boxes or equipment in the rear.

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The utility versions look a bit different with more muted matte black bodywork, plus come with electrically-actuated hydraulic dump beds, 2-inch ball hitches, and even orange seat belts for jobsite visibility. It’s harder to forget to put on the seatbelt when it’s blindingly orange.

And yes, the Fusion Utility Long Bed basically looks like a pickup truck built on a golf cart chassis, which I find equal parts strange and endearing. But then again, I’m the guy who infamously kicked off the great American mini-truck trend a few years ago when my hilarious little tiny-truck went viral, so maybe I’m a bit biased when it comes to fun little utility vehicles.

All Fusion models are available in both “cart” and “LSV” configurations. The carts are speed-limited to 19 mph (30.5 km/h) and come with serial numbers, making them street-legal only in limited areas that have passed local ordinances permitting golf carts to use public roads.

The LSV versions get full VINs, meet federal low-speed vehicle safety standards (meaning over a dozen regulations on manufacturing standards and safety equipment), and can be driven up to 25 mph (40 km/h) on public roads where LSVs are permitted by state law.

Waev is sticking with lithium-ion power here, specifically a 105Ah Marxon pack that’s both heated and insulated for cold-weather use. That’s a big step up from the old-school lead-acid setups still found in some fleet carts (and, if we’re being honest, still offered on some of Waev’s other vehicles).

The company claims to offer automotive-grade manufacturing processes and reliability on its vehicles, along with Bluetooth diagnostics and a smartphone app for managing the fleet.

Other upgrades include LED lighting, back-up cameras, AVAS pedestrian alert systems, and standard three-point seat belts for all passengers. Optional extras like ladder racks, beacon lights, and upgraded tires make it even easier to tailor each unit to the specific job at hand.

The Fusion line slots into Waev’s already broad family of low-speed EVs and fleet vehicles, including the steel-bodied Taylor-Dunn utility vehicles, Tiger heavy-duty tow tractors for airports and warehouses, and the classic GEM lineup that’s been a staple of street-legal fleet transport since the late ‘90s.

It also looks like Waev isn’t just trying to sell the hardware here – it’s pushing hard on full-service fleet support, too. The company is leaning on an extensive dealer network across the U.S., Mexico, Canada, and Australia, and all Fusion models are available through Sourcewell and Canoe procurement programs for simplified public-sector purchasing.

One big thing we’re not seeing, though, are the prices. It’s more of a “contact us for a quote” situation, which means exactly what you think it means. We’ll try to learn more, but don’t expect to make it out of the lot without a measurably lighter wallet.

Electrek’s Take:

This is the kind of product line that probably won’t turn heads in your local grocery store parking lot, but it’s exactly the kind of quiet EV revolution that’s transforming fleets behind the scenes. Lithium-ion golf carts and LSVs that can tow, haul, and shuttle without the noise or emissions of gas engines? That’s a win for everyone –from municipal fleets to private campuses.

And frankly, I’m here for the golf cart pickup truck vibe. Street legal, work-ready, and just weird enough to be cool. The fact that the tailgate seems to swing all the way down and doesn’t lie flat like a normal pickup truck’s gate was a swing-and-a-miss by the designers – I don’t know how that got through – but everything else looks great! And hey, I guess I could always add a pair of tailgate cables if I wanted.

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