Who said you had to break the bank to drive an electric vehicle? Several EV lease deals are available this December for under $300 or even $200 per month, but the savings may not last long. Here are some of the best EVs to consider leasing right now.
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 slash monthly payment prices, in many cases making them 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.
(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.
2024 Honda Prologue Elite (Source: Honda)
EV lease deals for under $300 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 firm CarsDirect, several EV models are even available for lease for under $300 or even $200 per month right now. You can view offers in your area at the bottom.
Lease From
Term (months)
Due at Signing
Effective rate per month (including upfront fees)
2025 Nissan LEAF
$129
36
$2,529
$199
2025 Kia Niro EV
$149
24
$3,999
$315
2024 Kia EV6
$159
24
$3,849
$319
2024 Hyundai IONIQ 5
$159
24
$3,999
$326
2024 Hyundai IONIQ 6
$159
24
$3,999
$326
2024 Nissan Ariya
$169
24
$6,219
$428
2024 Fiat 500e
$179
42
$2,979
$250
2024 Toyota bZ4X
$219
39
$2,999
$296
2024 Honda Prologue
$229
36
$1,299
$265
2024 Ford F-150 Lightning
$230
36
$6,206
$402
2024 Ford Mustang Mach-E
$251
36
$5,440
$402
2024 Subaru Solterra
$279
36
$279
$287
Tesla Model 3
$299
36
$2,999
$382
Tesla Model Y
$299
36
$2,999
$382
2024 Chevrolet Equinox EV
$299
24
$3,169
$431
Best EV lease deals for under $300 a month in December 2024
The 2025 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.
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 $159 for 36 months lease offer on the IONIQ 5. Hyundai’s big savings come as the upgraded 2025 model is arriving at dealers.
2024 Hyundai IONIQ 5 (Source: Hyundai)
You can also snag the 2024 Hyundai IONIQ 6 for the same $159 per month. With $3,999 due at signing the effective cost is just $326 per month.
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.
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.
You can score Fiat’s EV for even cheaper in some areas. For example, one dealership in Colorado is offering a $0 for 27 month lease deal with $0 down, making the 500e essentially free.
Honda’s Prologue was the third best-selling EV in the US last month as sales continue surging this year. In a year end promo, Honda made the electric SUV even more attractive with a 0% APR offer and up to $6,000 off.
2024 Honda Prologue Elite (Source: Honda)
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.
Photo: Courtesy of Tesla Inc.
Tesla is offering three free months of Supercharging and Full Self-Driving in its year end deals. However, you must take delivery by December 31, 2024.
Ford is another company making a strong end of year push with big savings on electric models. Through its new “Power Promise”, all EV buyers get a free Level 2 home charger and Ford will cover the cost of standard installation.
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.
FTC: We use income earning auto affiliate links.More.
The ChargeX Consortium has figured out how to automatically restart failed EV charging sessions at fast chargers so drivers don’t have to.
Every EV driver has been there. You plug in, walk away to grab food or run errands, and expect your battery to be juicing up at a DC fast charger, only to return and realize nothing happened. Maybe the session failed, or maybe the charger glitched. Either way, you’re stuck unplugging, plugging back in, and now it’s going to take twice as long to charge.
The ChargeX Consortium (National Charging Experience Consortium), which is made up of researchers from the National Renewable Energy Laboratory (NREL), Idaho National Laboratory (INL), and Argonne National Laboratory (ANL), along with industry stakeholders, has come up with a smart fix for one of the most frustrating parts of public EV charging: failed sessions.
Its new report highlights the benefits of what it calls “seamless retry” – a hands-free tech solution that automatically restarts failed charging attempts. In other words, the driver no longer needs to physically unplug and replug the charging connector when a charging session fails.
The consortium’s new tech is designed specifically for DC fast charging. The “novel mechanism” automatically resets both the EV and the charger, then restarts the session in the background, so drivers don’t have to return to the car – or even have to think about it.
Ed Watt, a researcher at NREL and lead author of the “Recommended Practice Seamless Retry for Electric Vehicle Charging” report, said, “With a seamless retry mechanism in place, an EV driver at a retail center can plug in a charging connector, provide user input data, leave to shop, and feel confident that they will return to a charged vehicle.” (Click on the report link to see the specifics of how the novel mechanism works.)
The researchers didn’t just focus on the perks of seamless retry – they also looked at potential downsides. One concern was the extra time it might take for the system to restart a failed session, which could leave drivers frustrated. To tackle that, the consortium suggests that the EV industry provide transparency in the form of real-time status updates, insights into what went wrong, and recommendations based on the type of charging failure and number of attempts made.
Going forward, as the user experience becomes clearer, more work will fine-tune seamless retry. The ChargeX Consortium will keep refining the system – developing smarter, more targeted retry methods, ironing out implementation details, and running verification tests to make sure everything works seamlessly in the real world.
To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check outEnergySage, 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 you 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 startedhere. –trusted affiliate link*
FTC: We use income earning auto affiliate links.More.
Tesla’s Chief Financial Officer, Taneja Vaibhav, and the head of Tesla’s board of directors, Robyn Denholm, have just sold tens of millions of dollars worth of Tesla (TSLA) stocks.
Elon Musk’s brother is also selling.
Public companies must report insider stock trading by critical executives and board members to the SEC.
For Tesla, it’s a very limited group for a company of that size:
And they are not buying the stock. In fact, they are almost exclusively selling.
Today, Tesla reported two new sets of transactions in SEC filings.
Chief Financial Officer Taneja Vaibhav confirmed that he sold 7,000 shares for $2,681,770.
He was able to acquire those 7,000 Tesla shares at $18.22 as part of his stock option plan. He sold at an average of $383, and the stock closed at $374 today.
Robyn Denholm, Tesla’s chairwoman, sold 112,390 shares at an average price of $384.04, for a total value of $43,162,255.60.
She also got the shares as part of a stock option plan. Denholm had to return tens of millions of dollars worth of Tesla stocks to the company after settling a lawsuit over excessive compensation brought by shareholders.
Tesla’s entire board settled for nearly $1 billion:
Tesla wrote in the filings that both Vaibhav and Denholm sold as part of stock option liquidation plans adopted last year.
Today, Tesla released another SEC filing to disclose that Kimbal Musk, Elon Musk’s brother and Tesla board member who also was part of the excessive compensation settlement, is selling 75,000 Tesla shares through Morgan Stanley for $27.5 million.
In his case, it doesn’t appear to be linked to a liquidation plan.
Electrek’s Take
Kimbal is known to have great “timing” with his Tesla stock sales. It will be interesting to see.
It’s wild to see these board members getting absurdly rich while the company has erased its growth and is heading into one of its worst quarters in years.
All while they sit on their hands and do nothing while they are the only ones who could do something about the CEO, who seemingly engages in fireable offenses every day.
Tesla has one of the worst corporate governance of any major companies I’ve ever witnessed.
FTC: We use income earning auto affiliate links.More.
After announcing its electric vehicle business lost over $5 billion in 2024, Ford could face even more headwinds this year. Despite the threat of new tariffs and fewer government incentives, CEO Jim Farley stressed Ford is still “really confident” in its EV strategy. Farley said that Chinese EV makers are becoming a major global force, and even with tariffs, Ford needs to beat them “straight up in a street fight.” This is the electric car he was referring to.
Ford reported fourth-quarter earnings on Wednesday, beating Wall Street’s top- and bottom-line estimates. Despite posting $48.2 billion in Q4 revenue, Ford’s model e division reported an EBIT loss of $1.4 billion.
The EV business lost $5.1 billion last year after losing $4.7 billion in 2023. On the company’s earnings call, Farley said new competition led to increased pricing pressure. Ford expects Model e to lose another $5 billion to $5.5 billion this year. In total, the company is forecasting an adjusted EBIT of $7 billion to $8.45 billion in 2025.
Like GM, Ford did not factor in the potential impacts of tariffs or other changes in policy by the Trump administration.
Farley explained on the call that “There’s no question that tariffs at 25% level from Canada and Mexico, if they’re protracted, would have a huge impact on our industry, with billions of dollars of industry profits wiped out and an adverse effect on the US jobs.”
Ford Lightning production (Source: Ford)
Ford’s CEO said he looks forward to working with government leaders to ensure they are “strengthening, not weakening our nation’s auto industry.”
The tariff situation, growing demand for the latest tech and software, and “the Chinese OEMs growing to become a global reality,” Farley said, “these dynamics will all play out for some time to come.”
Ford’s electric Explorer for Europe (Source: Ford)
Ford CEO warns Chinese EV makers are a global threat
Ford sells some electric cars outside of the US, including the new electric Puma, Explorer, and Capri models, launched in Europe, so it does have an idea of the changing market dynamics.
After accounting for 8% of car sales in the US last year, Farley said EVs are growing, and “people who buy these vehicles don’t go back to combustion.” He added that it is a “very vibrant market” and a “global capability for Ford.”
Ford electric Puma Gen-E (Source: Ford)
As a global player, it will need to compete with Chinese EVs, which Farley has previously called an “existential threat” to the industry. During the earnings call, Farley touched on the subject, saying they continue to expand and are becoming “a major force in our industry.”
After Morgan Stanley analyst Adam Jonas asked, “Do you think that U.S. tariff policies will be successful in keeping Chinese EVs out of the US market long term,” Farley said the topic “is really pertinent to us.”
Xiaomi SU7 (Source: Xiaomi)
Ford’s CEO added, “The level of subsidies that these companies have in China is very material as well as these are digital vehicles with digital footprints and really deep into people’s digital life.” Farley explained, “On the kind of unfair part or the subsidy part, I think we’ll have to sort that out as a country.”
At the end of the day, “the company has to stand on its own.” Ford will work with government partners to make it a level playing field, but “in the end of the day, it’s management’s responsibility to beat the SU7 straight up in a street fight.”
Xiaomi SU7 (Source: Xiaomi)
The SU7 is Xiaomi’s first self-developed electric car. After shipping one to the US and driving it for a few months, Farley called it “fantastic” and didn’t want to give it up.
After launching the SU7 last April, Xiaomi revealed it had already delivered over 135,000 models in 2024. The SU7 starts at around $30,000 (215,900 yuan).
Ford is betting on its low-cost platform, which is being developed by a team of former Tesla, Rivian, Lucid, and Apple engineers, to help it compete.
The first models, due out in 2027, are expected to be a smaller electric pickup and SUV, starting at about $30,000.
FTC: We use income earning auto affiliate links.More.