![All the best EV (and PHEV) cash back deals we could find for March 2025 [Updated]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/03/big_MONEY_MAIN.jpg?resize=1200,628&quality=82&strip=all&ssl=1)
All the best EV (and PHEV) cash back deals we could find for March 2025 [Updated]
Cynics will point at big rebates and claim they mean the vehicle isn’t selling, but that just exposes them as industry noobs. A rebate is a powerful financial tool that helps dealers overcome obstacles like negative equity, poor credit, down payment requirements, and interest rate objections so you can drive home in the car of your dreams today.
If you’re dealing with any of the above, pay attention: these EVs could get you behind the wheel of a new electric ride sooner than you think!
Update 23MAR: added some off-road!
As I was putting this list together, I realized there were plenty of ways for me to present this information. “Biggest EV incentive deals ..?” Not everyone qualifies for those. “Most stackable EV rebates ..?” Too much research. In the end, I went with national cash back offers and chose to present them in alphabetical order, by make. And, as for which deals are new this month? You’re just gonna have to read the article. Enjoy!
Audi RS e-Tron GT Quattro
The Audi RS e-Tron GT Quattro is a stunning, high-end electrified cruise missile of an automobile that combines Porsche DNA with Audi styling and, presumably, sufficient all-weather performance chops to earn the legendary Quattro badge. From now until March 31st, you can receive $12,500 in customer bonus cash when you purchase or lease a select, new 2024 Audi RS e-Tron GT Quattro (the “standard” RS gets $7,500).
Chrysler Pacifica PHEV
When the plug-in hybrid Chrysler Pacifica minivan first went on sale all the way back in 2016, it seemed to imply that the old Chrysler Corporation was going to race ahead of the other Big Three US carmakers.
That didn’t happen, but the Pacifica is still the king of cupholders, while the van’s stow n’ go seating, and all the other practical, clever details that add up to remind you Chrysler invented these things. Through March 3rd, you can get a $7,500 cash allowance plus up to $7,500 in Federal income tax credits on Pacific Plug-in Hybrid Select, S, and Pinnacle trim level vans – and that’s before any negotiations with your dealer.
Dodge Charger
As the auto industry transitions to electric, Dodge is hoping that at least a few muscle car enthusiasts with extra cash, will find their way to a Dodge store and ask for the meanest, loudest, tire-shreddingest thing on the lot.
These days, that’s the new electric Charger – and you still owed money on the Hemi you just totaled, Dodge will help get the deal done on its latest retrotastic ride with a $3,000 rebate plus 0% financing for up to 72 months!
Ford F-150 Lightning
The Ford F-150 Lightning is a reasonably capable half-ton truck with V2X capabilities that first proved themselves during Texas’ ice storms, and ship with a world of aftermarket support baked in. Ford Pro customers buying an F-150 Lightning for their commercial or public fleet can get even better deals on the OG electric trucks – meaning your fleet manager would be crazy not to take a serious look at one.
Now through March 31st, Ford is offering retail buyers of remaining 2024 Lightning pickups 0% interest for up to 72 months plus $4,000 in retail bonus cash AND a free L2 home charger (cost of installation included). As with all offers, it’s good to read the fine print, but this is a killer deal for Ford truck fans.
Genesis GV70 Electrified
Genesis’ GV70 Electrified crossover doesn’t get the love it deserves in most circles – but that’s true of just about every Genesis offering. If you’re willing to give the top shelf Koreans a chance, though, I think you’ll find them to be every bit the equal of anything in their class.
And if you don’t, the $10,000 retail bonus cash offer on remaining 2024 models reported by USNews will surely help readjust the models you’re comparing the Genesis to!
Jeep Grand Cherokee 4xe
I have, admittedly, never spent a lot of time in the latest iteration of Jeep’s Grad Cherokee. Once upon a time, I drove a ZJ GC with the immortal and buttery-smooth 4.0L inline six and every iteration since has, in my opinion, been a step in the wrong direction. I’d still prefer a ZJ, sure, but after a week spent behind the wheel of a white-on-black 2025 Jeep Grand Cherokee 4xe, I have come around. That interior is a nice place to be, whether that’s because of Mercedes’ influence or Fiat’s or Peugeot’s is less clear – but shouldn’t take away from the experience.
If you haven’t given the latest JGC a chance, yet, know that its 17.3 kWh 400 V lithium-ion is big enough to go 26 miles on pure electric power, with “just” two hours needed on a L2 port to get you back to 100% charge. I think that’s worth a look.
Kia EV6 GT
CarsDirect is reporting 24-month leases on the positively awesome Kia EV6 GT featuring up to $19,000 in lease cash. Other EV6 variants get decent cash back offers, too – be sure to ask your local dealer about the one you’re interested in.
Nearly every electric Mercedes
With the possible exception of the G-wagen version, Mercedes’ EQ lineup is struggling to move off dealer lots. Blame the bizarre naming conventions, the confusion between an S Class and an EQS Class, or the fact that even the top-shelf AMG versions of Mercedes’ electric line look more like suppositories than one of Bruno Sacco‘s Teutonic masterpieces.
At the end of the day, it doesn’t matter. Mercedes dealers are ready to get these things off the lot now, and if you can live with some awkward proportions you’ll be rewarded with solid performance, excellent fit and finish, and all the rest of the things that made the 3-pointed star an icon.
Nissan LEAF
The inspiration for this article was a hypothetical $9,140 Nissan LEAF deal that I hastily concocted while walking the floor of the 2025 Chicago Auto Show, but the fact remains that even with “just” $7,500 cash back, the $28,140 $20,640 Nissan LEAF is one of the most affordable new cars you can buy in the US. If you can score some additional local incentives and dealer discounts, so much the better.
Toyota bZ4X
It’s not breaking any sales records, but the Toyota bZ4X is a reasonably capable five-passenger crossover EV that should meet most people’s needs with enough of Toyota’s legendary quality baked in to make it a safe enough bet for a decade of hassle-free driving. Plus, with $10,000 in TFS Lease Subvention cash and plenty of dealer discounts floating around, it might be the best deal in Toyota’s current lineup.
Electric Volvo Cars
Volvo is offering $7,500 EV Lease Bonus Cash on remaining 2024 C40 Recharge models, as well as 2025 EX40 and EX90 SUVs. Those deals can be combined with another $1,000 in Conquest or Volvo Loyalty cash and up to $2,000 additional dollars for Costco Executive members (“Gold Star” Costco members get $1,500 back).
All-in, that can add up to $10,500 off the sticker price of the hot new Volvo EX90 electric seven-passenger SUV, with additional dealer discounts and local incentives available in some states making a new plug-in Volvo and even sweeter deal.
Disclaimer: the vehicle models and rebate deals above were sourced from CarsDirect, CarEdge, USNews, and (where mentioned) the OEM websites – and were current as of 23MAR2025. Despite my best efforts to filter these, some deals may not be available in your market, or be stackable with every other discount, or to every buyer (the standard “with approved credit” fine print should be considered implied). Check with your local dealer(s) for more information.
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Environment
Exxon Mobil earnings beat as production growth and cost cuts offset the sting of falling oil prices
Exxon Mobil reported first-quarter earnings Friday that beat Wall Street expectations, but declined from the prior year as crude oil prices have fallen sharply on fears that President Donald Trump’s tariffs will hit global demand.
The oil major said volume growth in the Permian Basin and Guyana combined with cost-cutting measures largely offset lower earnings from weak oil prices. U.S. crude prices have fallen 18% this year as Trump’s tariffs raise fears of slower demand at the same time producers in OPEC+ plan to increase supply.
Exxon shares were up less than 1% in premarket trading after the results.
Here is what Exxon reported for the first quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $1.76 vs. $1.73 per share expected
- Revenue: $83.13 billion, vs. $86.72 billion expected
Exxon said its profits declined 6% to $7.71 billion, or $1.76 per share, from $8.22 billion, or $2.06 per share, in the same quarter last year.
The oil major’s global production business posted earnings of $6.76 billion in the quarter, an increase of about 19% from $5.66 billion in the same period a year ago. Profits in the segment rose due to growth in the Permian and Guyana as well as cost savings.
Earnings in Exxon’s U.S. production segment soared more than 70% to $1.87 billion from $1.05 billion in the same quarter in 2024.
Exxon’s global production came in at 4.55 million barrels per day, an increase of 20% compared to 3.78 million bpd in the year-ago period.
Exxon said first-quarter capital expenditures of $5.9 billion were consistent with its guidance of $27 billion to $29 billion for 2025.
The company said it returned $9.1 billion to shareholders in the quarter, including $4.3 billion in dividends and $4.8 billion in share purchases.
Read the full earnings release here.
This is a developing story. Please check back for updates.
Environment
Chevron stock falls as lower profits and oil prices set to slow the pace of stock buybacks
Chevron stock fell on Friday as the oil major’s profit declined, hurt by the steep drop in oil prices this year.
U.S. crude oil prices have fallen about 18% this year as President Donald Trump’s tariffs are expected to weigh on demand at the same time OPEC+ plans to pump more supply into the market.
The oil major said it plans to repurchase $2.5 billion to $3 billion of its own stock in the second quarter, which is lower than the $3.9 billion it bought back in the first quarter.
Chevron shares were recently down more than 2% in premarket trading.
Here is what Chevron reported for the first quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $2.18 adjusted vs. $2.18 expected
- Revenue: $47.61 billion vs. $48.09 billion expected
Chevron’s net income declined more than 30% to $3.5 billion, or $2 per share, from $5.5 billion or $2.97 per share, in the year-ago period. Excluding one-time items, Chevron earned $2.18 per share, which was in line with Wall Street estimates.
Chevron’s U.S. production business posted a profit of $1.86 billion, a decline of more than 10% from $2.08 billion in the year-ago period, as it experienced higher operating expenses and lower commodity prices.
The oil major’s U.S. refining business swung to a profit of $103 million after posting a loss of $348 million in the fourth quarter of 2024. The segment’s earnings, however, declined 77% from $453 million in the year-ago due to lower margins on refined product sales.
Chevron’s produced 3.35 million barrels per day in the quarter, largely flat compared to 3.34 million bpd in the year-ago period.
Capital expenditures declined about 5% to $3.9 billion, down from $4.1 billion one year ago.
Read the full earnings release here.
This is developing story. Please check back for updates.
Environment
Tariffs will increase Zero Motorcycles’ prices on its more affordable e-motorbikes this month
Zero Motorcycles has announced that its newest line of electric motorbikes will see a price increase in the US due to the Trump Administration’s tariff policy. But the saving grace is that the company is allowing reservations made in the next few weeks to secure pre-tariff pricing.
Zero launched its new X-line of smaller electric motorcycles late last year, ushering in a Sur Ron-style pair of bikes that cost a mere fraction of the company’s larger street bikes.
Designed for off-road use in the US or both on and off-road use in Europe, the Zero XB and XE were designed to be as affordable to new riders as they are approachable.
The XB was unveiled with a price tag of a mere US $4,195 or €4,500, while the larger and more powerful XE carried a price tag of US $6,495 or €6,500.
The pair were part of the motorcycle maker’s plans to have six unique models all priced at under US $10,000 in the next two years. However, those plans may face increasing pressure after the Trump Administration imposed harsh new tariffs on imported goods to the US, forcing many manufacturers to increase prices.
Zero’s push for more affordable electric motorcycles is made possible mainly by its partnership with Chinese electric motorcycle manufacturers like Zongshen. While such companies have years of experience manufacturing motorcycles at more affordable prices, their relative cost advantage could take a serious hit under the US’s aggressive stance towards foreign-produced goods.
The first XB and XE motorcycles are expected to be delivered to existing reservation holders this Summer. However, for anyone who doesn’t yet have a pre-order in place, Zero says that it will still honor the existing pricing for reservations placed before May 18, 2025.
Bikes reserved in the next two weeks are not expected to ship until later this year, meaning they will almost certainly be subject to increased tariffs, though it appears Zero is prepared to eat those tariffs for an early group of reservation holders.
“Zero Motorcycles remains committed in our mission to deliver industry-leading electric motorcycles while maintaining an accessible price point for consumers around the world,” said Sam Paschel, CEO of Zero Motorcycles. “Our customers are at the heart of everything we do. And by honoring prices for early reservation holders – despite the shifting global economy – we’re reinforcing our position as the leader in the electric space and building the future of two-wheel transportation.”
Electrek’s Take
What a time to double down on Chinese partnerships. I feel for Zero, who was obviously looking for a way to reach more riders, especially young riders in the Sur Ron/Talaria demographic, and found the obvious way to do so by going to the world’s biggest market for producing e-motorcycles.
That’s not to say that US-based production isn’t possible. Zero used to do more production locally before slowly shifting more and more of its manufacturing overseas. There are still companies like Ryvid who manufacture in the US, though even those companies rely on many imported components and will still likely take a hit from tariffs.
The long and the short of it is that the entire electric motorcycle industry is going to be shaken by these tariff policies, and no US consumer will spared. Or at least, none after May 18th.
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