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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 $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.

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 $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.

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 $159 for 36 months lease offer on the IONIQ 5. Hyundai’s big savings come as the upgraded 2025 model is arriving at dealers.

December-EV-lease-deals
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.

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.

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.

Best-EV-lease-deals
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.

Best-EV-lease-deals
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.

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Tesla Cybertruck sank when launching a jetski after Musk said you could use the truck as a boat

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Tesla Cybertruck sank when launching a jetski after Musk said you could use the truck as a boat

A Tesla Cybertruck sank in Ventura harbor in California when trying to launch a jetski despite Tesla CEO Elon Musk saying that you could use the truck as a boat.

Elon Musk has often made claims before about how Tesla vehicles could float and briefly serve as a boat.

They have never been taken too seriously because Tesla’s warranty says something different about taking the vehicle into the water.

However, the CEO doubled down on the claim with Cybertruck.

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Ahead of launching the production version of the Cybertruck, Musk claimed the vehicle would be “waterproof enough” to serve as a boat and cross rivers:

Cybertruck will be waterproof enough to serve briefly as a boat, so it can cross rivers, lakes and even seas that aren’t too choppy.

The CEO added that the goal is for a Cybertruck to be able to cross the water between SpaceX’s Starbase and South Padre Island in Texas, which is about 360 meters (1,100 feet).

We have been taking the Cybertruck more seriously with water because we learned that Tesla built a ‘wade mode’ for the truck to be able to go into the water. Tesla says the mode increases the ride height to the max and “pressurizes the battery pack.”

The problem is that it is activated through the off-roading mode, which is not covered under Tesla’s warranty – so we are taking everything with a grain of salt.

Tesla Cybertruck Sank in Ventura

A Tesla owner in California learned the hard way that Cybertruck is not a boat.

The incident happened in Ventura harbor in California on Monday. The Cybertruck owner was launching a jet ski on the boat ramp when he couldn’t get the truck out of the water (via Safety for Citizens)

Beginning shortly before 11:00am, a man had to scramble out of his Cybertruck Monday morning, March 10 of 2025, after the truck fell into the harbor. The man was attempting to launch a jet ski at the time of the accident.

The owner managed to get out, but the truck sank into the water:

The Cybertruck sunk and became completely submerged off the boat launch ramp. A diver from the Coast Guard assisted a tow driver in attaching cables and ropes to the vehicle.

The rescue effort involved the Ventura City Fire Department, Vessel Assist, Tow Boat US, Harbor Patrol, additional Harbor resources, and the Coast Guard.

They shared a few pictures of the rescue effort:

Electrek’s Take

To be fair, it could also be a user error, but either way, I wouldn’t take the Cybertruck into any body of water.

Meanwhile, BYD is just trolling Tesla by actually doing what Elon claimed the Cybertruck would be capable of doing:

It really feels like Tesla is being surpassed based on every metric possible.

Getting solar at your home is one of the best financial moves you can do while helping the economy move away from fossil fuels. To find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage. EnergySage is a free service that makes it easy for you to go solar – whether you’re a homeowner or renter. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20 to 30% compared to going it alone. Some installers even offer Tesla products. 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.

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Toyota just opened its first 350kW fast charging station with EVgo that can fit 8 EVs

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Toyota just opened its first 350kW fast charging station with EVgo that can fit 8 EVs

Toyota wants everyone to have access to affordable, convenient EV charging. Through its partnership with EVgo, Toyota opened its first EV fast charger on Monday. The new co-branded stations, with 350kW fast chargers, can serve up to eight EVs.

Toyota, EVgo open first 350kW EV fast charger

The new DC fast charging station opened in Baldwin Park and Sacramento, California, as part of Toyota’s “Empact” vision.

Toyota announced the initiative almost two years ago, aimed at expanding charging access in underserved communities.

“Together with EVgo, we are supporting broader access to charging infrastructure for all battery EV drivers, including those driving Toyota and Lexus BEVs,” Toyota North America General Manager of EV charging solutions, James George, said at the event.

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The new stations are near “amenity-rich” areas with nearby grocery stores, restaurants, shopping malls, and other businesses.

Scott Levitan, EVgo’s executive vice president, explained that charging availability is “essential” as more drivers choose electric. The new charging stations are strategically located to provide affordable, convenient access to the surrounding communities.

Toyota-EVgo-EV-fast-charger
Toyota and EVgo open first 350kW EV fast charging station (Source: EVgo)

State Assemblywoman Blanca Rubio, D-Baldwin Park, said the new stations will “support the city’s residents and visitors,” adding, “Fast charging stations provide critical infrastructure that will amplify the use of clean energy transportation across Senate District 8.”

Toyota and EVgo’s initiative is “a win for our environment and for the future of sustainable mobility in Sacramento.”

Toyota-EVgo-EV-fast-charger
2025 Toyota bZ4X Limited AWD Supersonic Red (Source: Toyota)

As one of the nation’s largest public fast-charging operators, EVgo has already deployed over 1,100 stations across 40 US states. As more drivers choose an EV, EVgo will continue partnering with automakers like Toyota to expand fast-charging access.

Toyota-EVgo-EV-fast-charger
2025 Toyota bZ4X Nightshade edition (Source: Toyota)

EVgo and Toyota also expanded their partnership to offer one year of free public charging to those who buy or lease a new 2025 bZ4X.

The 2025 Toyota bZ4X starts at $37,070, or $6,000 less than the 2024 model. It also gained a stealthy new “Nightshade” edition, Toyota’s first EV to receive the new trim.

2025 Toyota bZ4X trim Starting Price
(excluding $1,395 DPH fee)
Price reduction
(vs 2024MY)
Range
(mi)
XLE FWD $37,070 -$6,000 252
XLE AWD $39,150 -$6,000 228
Limited FWD $41,800 -$5,380 236
Limited AWD $43,880 -$5,380 222
Nightshade $40,420 N/A 222
2025 Toyota bZ4X prices and range by trim

At 184.6″ long, Toyota’s electric SUV is slightly longer (3.7″) than the RAV4. However, the rear feels more roomy with a longer wheelbase and flat floor design.

On the inside, the 2025 model remains about the same. It includes a standard 12.3″ touchscreen with wireless Apple CarPlay and Android Auto support.

If you’re ready to test out Toyota’s electric SUV for yourself, we can help you get started. With leases starting at just $259 per month, the 2025 bZ4X is a steal this month. You can use our link to find Toyota bZ4X models at a dealer near you and take it for a spin.

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CLIP Unveils BOLT, a $250 e-bike conversion system aimed at expanding access to cycling

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CLIP Unveils BOLT, a 0 e-bike conversion system aimed at expanding access to cycling

Brooklyn-based e-bike conversion kit maker CLIP has launched BOLT, a front-mounted electric motor designed to transform standard bicycles into e-bikes. The company is marketing the device as the world’s most affordable quick-install e-bike upgrade, with a focus on making electrified transportation accessible in low-to-moderate income communities and emerging markets.

Unlike traditional e-bikes, which often start at around US $1,000 and go up quickly from there, BOLT is positioned as a low-cost alternative. The device features a 450W motor and a swappable battery system, providing pedal assistance up to 15 mph (25 km/h).

The kit installs on the front fork of most adult bicycles, making it an option for riders who want an e-bike experience without purchasing a dedicated electric bicycle.

While CLIP has previously targeted the business-to-consumer (B2C) market with its easily mountable e-bike conversion kits, BOLT will be distributed primarily through business-to-business (B2B) channels. The company seems to have its sights set on bike sharing and other commercial operators of bike fleets.

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In the US and Europe, CLIP is selling the system to businesses for $250, including two 144 Wh battery packs. In emerging markets, BOLT will be offered at a $100 price point, excluding the battery, with users paying a $5 per month subscription fee to access rechargeable battery swaps through local partners.

“BOLT is designed to make e-bike commuting truly accessible and equitable for people everywhere, from New York to New Delhi,” said Som  Ray, Founder and CEO of CLIP. “BOLT removes the price barriers of traditional e-bikes while maximizing environmental impact to scale sustainable transportation worldwide.”

CLIP is framing BOLT as both an environmental and social mobility tool, citing the high cost of traditional e-bikes as a barrier to widespread adoption. The company states that over 60% of its riders come from low-to-moderate-income communities, and it plans to partner with local organizations to expand access.

The product is being marketed as a low-impact alternative to full e-bike production, with CLIP claiming that BOLT requires 50 times fewer resources to manufacture and has a 30 times smaller logistics footprint compared to conventional e-bikes. The system is manufactured in Kolkata, India, with localized assembly in North America, Europe, and India.

CLIP has positioned BOLT as a disruptive force in e-bike affordability, which tracks with the device’s rather rare design. Instead of a traditional hub motor or mid-drive motor, CLIP uses a friction drive that presses against the front tire of the bike, forcing it to roll forward. The device’s front-mounted motor configuration is notably different from mid-drive or rear-hub e-bike motors. Additionally, its business-to-business sales model means that individual riders will not be able to purchase the system directly, relying instead on third-party distribution networks.

The company has yet to announce specific partnerships or large-scale deployments, though it has set ambitious climate goals. It claims that widespread adoption of BOLT could eliminate up to 3.7 million metric tons of carbon dioxide emissions annually.

As BOLT appears set to enter the market, its impact on the growing e-bike sector remains to be seen. With its low price point and modular design, the system could appeal to budget-conscious riders if it proves to be a viable and reliable alternative to traditional e-bikes.

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