Spring is just around the corner and the EV deals are heating up. Right now, several electric models are available to lease for under $300 a month, making it a great time to make the switch (or upgrade). Here are the cheapest EVs you can lease this March.
Cheapest EVs you can lease this March
After a record year with over 1.3 million EVs sold in the US in 2024, the trend is expected to continue in 2025 with around 15 new models arriving.
January marked the tenth straight month with over 100,000 EVs sold in the US. The top five selling models, the Tesla Model Y, Model 3, Volkswagen ID.4, Tesla Cybertruck, and Honda Prologue, accounted for over 50% of total sales in the month.
Outside of the Cybertruck, all of them can also be leased for under $300 a month. With the average monthly lease payment for an electric car $175 less per month than the average loan, it’s no wonder buyers are choosing to lease.
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According to the Xperian’s Q4 market report, the Tesla Model 3, Model Y, Honda Prologue, Hyundai IONIQ 5, and Chevrolet Equinox were among the most leased EVs, all of which are under $300 a month right now.
Hyundai’s new 2025 IONIQ 5 Limited with a Tesla NACS port (Source: Hyundai)
Hyundai, Kia, and Genesis
Lease From
Term (months)
Due at Signing
Effective rate per month (including upfront fees)
2025 Kia Niro EV
$129
24
$3,999
$295
2024 Kia EV6
$179
24
$3,999
$345
2024 Hyundai IONIQ 5
$189
24
$3,999
$355
2025 Hyundai IONIQ 5
$229
24
$3,999
$395
2024 Hyundai IONIQ 6
$149
24
$3,999
$315
2025 Hyundai IONIQ 6
$169
24
$3,999
$335
2025 Genesis GV60
$299
24
$5,999
$548
Kia and Hyundai continue to offer some of the most affordable, efficient electric vehicles on the market. The Niro EV is one of the cheapest EVs you can lease this month at just $129 per month.
Meanwhile, the new 2025 IONIQ 5 (now with more range and a Tesla NACS charging port) and IONIQ 6 are arriving with big discounts. Even the luxury 2025 Genesis GV60 can be leased for under $300 a month this March.
2024 Honda Prologue Elite (Source: Honda)
Honda Prologue and Acura ZDX
Lease From
Term (months)
Due at Signing
Effective rate per month (including upfront fees)
2024 Honda Prologue
$239
36
$1,399
$335
2024 Acura ZDX
$299
24
$2,999
$424
Honda’s electric SUV continues to take the US market by storm. In the second half of 2024, the Prologue was the second best-selling electric SUV behind the Tesla Model Y. With an ultra-low lease rate of just $239 per month, the Prologue is even more affordable than a Civic this month.
Acura’s luxury electric SUV can be leased for as low as $299 for 24 months. With only $2,999 due at signing, the ZDX is cheaper than the Genesis GV60 thanks to generous discounts. In some states, ZDX discounts reach as high as $28,000, also making it more affordable than a Civic to lease this month.
Chevy Equinox EV LT (Source: GM)
Chevy Blazer and Equinox EVs
Lease From
Term (months)
Due at Signing
Effective rate per month (including upfront fees)
2024 Chevy Equinox EV
$299
24
$3,169
$431
2024 Chevy Blazer EV
$299
24
$3,879
$461
Chevy’s new electric SUVs are quickly rolling out. The electric Equinox was among the top five best-selling EVs in the final three months of 2024. Both can be leased for under $300 a month this March. The Blazer EV is still slightly more expensive with $3,879. The Blazer deal also includes a $1,000 trade-in bonus.
Ford Mustang Mach-E (left) and F-150 Lightning (right) (Source: Ford)
Ford F-150 Lightning and Mustang Mach-E
Lease From
Term (months)
Due at Signing
Effective rate per month (including upfront fees)
2024 Ford Mustang Mach-E
$213
36
$4,462
$337
2024 Ford F-150 Lightning
$233
24
$6,792
$421
Although F-150 Lightning sales are down this year, the Mustang Mach-E remains a top-selling electric SUV behind Tesla’s Model Y, Honda’s Prologue, and the Hyundai IONIQ 5.
Ford is sweetening the deal with a free Level 2 home charger for any EV purchase or lease through its “Power Promise” along with a host of other benefits.
2024 Subaru Solterra (Source: Subaru)
Toyota bZ4X and Subaru Solterra
Lease From
Term (months)
Due at Signing
Effective rate per month (including upfront fees)
2025 Toyota bZ4X
$259
36
$2,999
$342
2024 Subaru Solterra
$279
36
$279
$287
Toyota bZ4X and Subaru Solterra sales are starting to pick up. With an effective cost of only $287 per month, the Solterra may be the better option this month with standard AWD.
Tesla Model 3 (Source: Tesla)
Tesla Model Y, Model 3 still among cheapest EVs in March
Lease From
Term (months)
Due at Signing
Effective rate per month (including upfront fees)
Tesla Model Y
$299
36
$2,999
$382
Tesla Model 3
$299
36
$2,999
$382
Tesla’s Model Y and Model 3 are still the best-selling EVs in the US and at under $300 a month, some of the cheapest you can lease this March.
Some of these rates may vary by region. The $239 per month Honda Prologue lease deal is offered in California and other ZEV states. Acura’s $299 ZDX promo is only available in CA, NY, OR, and other select states.
In other parts of the country, the Prologue is still listed at just $269 per month for 36 months. With $3,199 due at signing, the effective cost is still just $358 per month. However, a $1,000 conquest or loyalty offer can lower monthly payments to around $330.
With the Trump administration looking to end federal EV incentives, including the $7,500 tax credit, many of these savings could disappear soon. Automakers can offer such low lease prices right now largely because the tax credit is factored in.
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A former coal mine in western Maryland is now generating solar power – and it’s the largest solar farm in the state. Competitive Power Ventures (CPV) has brought Maryland’s largest solar project online in Garrett County, turning reclaimed coal mine land into a source of clean electricity.
CPV Renewable Power, an affiliate of CPV, and investment partner Harrison Street Asset Management have started commercial operations at CPV Backbone Solar, a 160-megawatt solar project in western Maryland. The site sits on a reclaimed, decommissioned coal mine, turning previously disturbed land into a new source of clean power.
Construction of the project was handled by Vanguard Energy Partners, a solar engineering, procurement, and construction firm.
The project comprises approximately 324,000 solar panels and is expected to generate enough electricity to power around 30,000 homes. For Maryland, it adds new in‑state generation while giving former fossil fuel land a second life.
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CPV says that the project aims to demonstrate the role of brownfield redevelopment in the energy transition. The company’s CEO, Sherman Knight, said Backbone Solar shows “how brownfield redevelopment, innovative engineering, and strategic partnerships can meet complex project challenges and deliver new power generation in Maryland.”
Local officials have welcomed the project. Garrett County Board Chairman Paul Edwards said bringing the solar facility to the county helps protect the region’s natural landscape while also creating economic value for local residents.
CPV Backbone Solar also includes a community and environmental investment tied to the project. CPV has committed $100,000 over four years to the Deep Creek Watershed Foundation.
Backbone Solar becomes part of CPV’s growing renewable portfolio, which includes four operating wind and solar projects. The company also says it has a 4.8-gigawatt renewable development pipeline.
A second phase of the Backbone Solar project is already under construction. Once completed, it’s expected to increase the site’s total installed capacity from 160 MW to 175 MW.
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U.S. President Donald Trump makes an announcement about the Navy’s “Golden Fleet” at Mar-a-lago in Palm Beach, Florida, U.S., December 22, 2025.
Jessica Koscielniak | Reuters
President Donald Trump on Monday said the U.S. will keep crude oil and tankers seized near Venezuela.
“We’re going to keep it,” Trump told reporters in Palm Beach, Florida after unveiling a new class of battleships named after himself.
“Maybe we’ll sell it, maybe we’ll keep it, maybe we’ll use it in the strategic reserve,” Trump said of the seized oil. “We’re keeping the ships also.”
Trump has ordered a blockade of sanctioned oil tankers entering or leaving Venezuela as he escalates pressure on President Nicolas Maduro.
The U.S. seized a large tanker on Dec. 10 that was carrying more than 1 million barrels of oil, according energy consulting firm Kpler. It intercepted a second vessel over the weekend. Trump confirmed Monday that the U.S. is pursuing a third tanker.
“It’s moving along. We’ll end up getting it,” Trump said of the tanker. “It came from the wrong location. It came out of Venezuela, and it was sanctioned.”
Trump said “it would be smart” for Maduro to step down when asked whether his ultimate goal is to oust the Venezuelan president.
Venezuela is a founding member of OPEC and has the largest proven oil reserves in the world. It is exporting about 749,000 barrels per day this year with more than half that oil going to China, according to data from Kpler.
The U.S. has staged a major military build up in the Caribbean. The Trump administration has launched deadly strikes on boats that it says were trafficking drugs to the U.S. The legality of those strikes is disupted and has been subject to scrutiny by Congress.
Trump threatened Monday to expand the strikes to land.
“We’ll be starting the same program on land,” he said. “If they want to come by land, they’re going to end up having a big problem. They’re going to get blown to pieces, because we don’t want our people poisoned.”
Pennsylvania just opened its first federally funded EV charging station on the Pennsylvania Turnpike — a key step toward making long-distance EV travel easier across the state.
The new station just opened at the Blue Mountain Service Plaza at Exit 202 westbound. Another NEVI-funded site at the New Stanton Service Plaza (Exit 77 westbound) is expected to open next week, according to the Pennsylvania Department of Transportation (PennDOT).
The chargers were built using funds from the federal National Electric Vehicle Infrastructure (NEVI) program, which is designed to install fast, reliable charging stations where drivers already stop — especially along busy highway corridors.
The Pennsylvania Turnpike is one of the state’s most heavily traveled roads, particularly during holiday travel, making service plazas a natural location for en-route EV charging. This first Turnpike site marks the beginning of NEVI-funded charging directly on the state’s toll road.
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The Blue Mountain and New Stanton locations are part of the Turnpike’s larger, systemwide EV charging rollout. Working with Applegreen Electric, the Turnpike plans to install 80 new universal EV charging stations across all 17 service plazas by the end of 2027.
In addition to the NEVI-funded sites, the Turnpike has already brought new chargers online at the North Somerset, South Somerset, and Hickory Run service plazas using funding from Pennsylvania’s Driving PA Forward program. Each location offers high-speed charging with four ports per site, and all chargers are designed to work with all EV models without the need for adapters.
The project was awarded under the first round of PennDOT’s NEVI Alternative Fuel Corridor program. The next phase of funding, known as Corridor Connections, is focused on filling in charging gaps along major roadways that fall outside previously designated alternative fuel corridors. The goal is to make longer EV trips across Pennsylvania easier and more predictable.
The announcement also comes as Pennsylvania continues to push back against federal attempts to block EV funding. The US Department of Transportation is currently withholding congressionally approved money that would have supported EV infrastructure projects and jobs in the state. Governor Josh Shapiro (D-PA) sued the Trump administration over the move and, alongside 15 other states, successfully challenged an earlier attempt to derail the NEVI program. That legal fight helped keep projects like these Turnpike charging stations moving forward across the Commonwealth.
Electrek’s Take
This is precisely what the Biden administration’s NEVI program was meant to do: put fast, reliable charging stations where drivers already stop. Service plazas on major turnpikes are prime real estate for EV charging, particularly during holiday and long-distance travel. Pennsylvania’s rollout is still early days, but once chargers are live at all 17 plazas – assuming the federal funding spigot stays open – one of the Northeast’s busiest corridors is going to be a great place to road-trip in an EV.