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Fiat cut the cost of its 2024 500e lease deal by 35% compared to last month, while Subaru trimmed $50/month from its long-standing zero-down lease deal on the 2024 Solterra Premium. Both EVs now boast average monthly lease costs that undercut nearly every new vehicle lease on the US market, electric or otherwise.

Fiat is currently advertising a 36-month lease on the 500e that’s $199/month, $2999 due at signing, which calculates to an average monthly cost of just $277/month plus tax and license. Those are by far the best 500e lease terms we’ve seen since the pandemic. Back then, circa 2019, about $250/month was enough to lease the original 500e, a spartan 84-mile runabout incapable of fast charging. Today’s all-new 500e (MSRP $34,095) is much improved, with a 141-mile range, DC fast charging, a 10-inch center display that hosts a modern infotainment system, and a slightly roomier cabin. Aesthetically, the two-door front-drive four-seater pays proper homage to its ancestors with a beautifully retro-styled body and dashboard that seamlessly blends the old with what’s new. Shortcomings, besides its short range? Well, cargo space aft of the rear seats measures eight cubic feet. Small perhaps, but on par with its competition, namely the two-door MINI Cooper Hardtop SE.  

Need something bigger? If you’ve got two more bucks to spare every month and are willing to forego freshly designed, artfully sculpted Italian coachwork, take a look at a Solterra. Subaru dropped the monthly on a 2024 Solterra Premium lease down to $279/month for 36 months. That’s with zero down, so its average monthly lease cost is – yeah, you guessed it – $279 per month. Compared to the 500e, those two bucks will net two more doors, room for one more passenger, and three times the cargo volume (23.8 cu ft) behind the rear seats. Capable of sprinting from zero to 60mph in 6.5 seconds and traveling 228 miles on a full charge, the $46,220 SUV also provides better straight-line performance and a longer range. Oh, and the Solterra lease comes with a 10K mi/year allowance, which is 2500 miles more than the 500e lease.

Subaru-Solterra
2024 Subaru Solterra

Playing for keeps? According to the fine print in Subaru’s ad, the Solterra Premium lease comes with an option to buy at the end of its three-year term for $20,390. So with the $279 initial payment at signing plus 35 monthly payments of $279 (subtotal $10,044) added to a buyout of $20,390, the Solterra can be owned for a total of $30,434 before tax and license. That’s $15,786 below MSRP! For many EVs, treating a lease as if it’s a loan with a balloon payment can save thousands versus paying cash or financing, thanks to huge lease incentives that pass the entire commercial clean vehicle Federal tax credit to the consumer.

Doing the same math on the Fiat 500e lease yields similar results.  Adding its $1999 initial payment due at signing to 35 subsequent monthly payments of $199 equals a subtotal of $8964 after three years. According to the lease calculator on leasehackr.com, a 36-month lease on the 2024 500e with a 7500 mi/year allowance has a 52% residual. Multiplying that residual with a $34,095 MSRP calculates to a buyout of $17,729 at lease end. So all-in, the 500e can be owned for just $26,693 before tax and license, which is $7402 less than ponying up the cash up front.

The Fiat 500e and Subaru Solterra are now the second and third cheapest factory EV leases in the nation, bested only by the Vinfast VF8, which has been at the top of our list of Manufacturer lease offers since last month.

VinFast VF8
Vinfast VF8

At $199/month for 36 months and $894 due at signing, the 264-mile VF8 in Eco trim has an average monthly lease cost of just $218/month. Will Fiat and Subaru eventually offer leases that approach an average monthly cost of $200/month? Perhaps, but for now, some Subaru dealers are stepping up with their own discounts $6000 or more that could result in eye-popping Solterra lease terms. There are a few Fiat dealers discounting the all-new 500e by up to $4100, but it’s unclear if these discounts are already applied to the factory lease deal since the fine print in Fiat’s ad does mention that the terms require “dealer participation”.

Need help finding a great deal in your area on these EVs? Use the links below:

As always, check our Electric Vehicle Price Guide and Electric Vehicle Lease Guide for the best deals on EVs in the US.

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Coca-Cola expands electric delivery fleet with thousands of e-rickshaws

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Coca-Cola expands electric delivery fleet with thousands of e-rickshaws

Coca-Cola’s bottling partners in India are going electric, three wheels at a time. The company just announced a major expansion of its electric delivery fleet, adding thousands of electric three-wheeled vehicles (often called e-rickshaws or electric tuk-tuks) to its logistics operations across the country.

These compact electric vehicles are already a common sight on India’s roads, used for everything from passenger transport to last-mile cargo deliveries. Now Coca-Cola’s bottlers are ramping up their use of these efficient EVs as part of a broader sustainability and welfare initiative dubbed “Vividhta ka Uphaar,” which translates to “a gift of diversity.”

According to the company, the rollout is already underway, with more than 5,000 electric three-wheelers integrated into delivery routes in cities such as Ahmedabad, Bhubaneswar, Bhopal, and more. The vehicles not only reduce tailpipe emissions but also lower noise pollution and operating costs, making them a win for both the company and the communities they serve.

Coca-Cola joins a growing list of multinational corporations turning to electric tuk-tuks to clean up their delivery fleets in Asia. IKEA has deployed similar electric three-wheelers in India and other Southeast Asian countries as part of its push to achieve zero-emissions deliveries. Amazon and Flipkart have also experimented with three-wheeled EVs to reach urban customers on tight, traffic-clogged streets.

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While North America often focuses on four-wheeled electric trucks and vans for commercial use, much of the developing world relies on these nimble three-wheeled workhorses. Affordable, maneuverable, and easy to charge, electric rickshaws are a natural fit for dense cities with hot climates – especially where small businesses and large corporations alike need efficient last-mile solutions.

Electrek’s Take

These types of EVs can’t come soon enough. They use electric drivetrains that are closer in size to an electric bicycle than an electric delivery truck or van (usually 2-4kW motors and 3-5 kWh batteries), yet can carry loads closer in size to those same trucks and vans.

Sure, they can’t carry quite the same tonnage, but they’re often more appropriately sized for the kind of last-mile delivery that so many companies require.

I actually bought an electric tuk-tuk back in 2023 and found it to be the perfect ‘city truck’ for my lifestyle, where I live car-free in a city and my wife and I travel by e-bike and e-motorcycle. For the few times we need to actually haul stuff, an electric tuk-tuk or rickshaw gives truck-like capacity in a smaller and more efficient vehicle. What’s not to like?!

Images via: Coca-Cola

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Yangwang U9 Xtreme cracks 300 mph to become fastest production car EVER [video]

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Yangwang U9 Xtreme cracks 300 mph to become fastest production car EVER [video]

Move over, Bugatti! The new Chinese Yangwang U9 Xtreme electric hypercar just blasted its way to a staggering, 308.4 mph top speed on a German test track, seizing the “world’s fastest car” crown and busting the last traces of the myth that electric cars are slow.

Just weeks after BYD announced that the nearly 3,000 hp, all-electric Yangwang U9 Track Edition model set a new global speed record for electric vehicles after hitting a ridiculous 472.41 km/h (~293 mph), the Yangwang crew returned to Germany’s Automotive Testing Papenburg GmbH (ATP) test track with the U9 Xtreme with its sights set on a new goal. They didn’t want the world’s fastest EV title – they wanted the world’s fastest production car title. Period.

The BYD Yangwang crew got that record, rocketing all the way to 496.22 km/h – that’s 308.4 mph to you and me!

“This record was only possible because the U9 Xtreme simply has incredible performance,” explains German GT racing driver Marc Basseng, who piloted the Chinese EV on its record-setting run. “Technically, something like this is not possible with a combustion engine. Thanks to the electric motor, the car is quiet, there are no load changes, and that allows me to focus even more on the track.”

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The Yangwang U9 features the world’s first mass-produced 1,200V ultra-high-voltage vehicle platform. Developed by BYD, the car is powered by the company’s latest li-ion phosphate batteries in BYD’s now-familiar “blade” configuration.

The U9 Xtreme’s record-setting run dethrones the previous Bugatti Chiron Super Sport 300+, which managed 304.8 mph back in 2019. The Bugatti now has to settle for the lesser “world’s fastest combustion-powered production car” title, which is objectively lame.

Definitely NOT lame


Yangwang U9 Xtreme; via BYD.

The company says it’s selling “no more than 30” of the Xtreme U9 EVs, presumably to customers with incredibly long driveways. The Xtreme version features smaller, 20″ wheels (instead of 21s), and gets wider, 325 mm tires (up from 275 mm) to match the rears. The fronts also ride on a narrower track.

You can watch Marc Messang put the 3,000 hp Yangwang U9 Xtreme electric hypercar to the test in the video, below, then let us know what you think of China’s first-ever world record-setting vehicle in the comments section at the bottom of the page.

Fastest production car EVER


SOURCE: CarNewsChina.


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10,000 buyers snapped up 776 hp electric AUDI wagon – in its first 30 minutes!

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10,000 buyers snapped up 776 hp electric AUDI wagon – in its first 30 minutes!

With dual electric motors pumping out 776 hp, over 400 miles of all-electric range, and a relatively low MSRP, the new AUDI E5 Flagship Quattro electric wagon is electrifying the Chinese wagon market – scoring over 10,000 orders in its first thirty minutes on sale!

First launched last fall, the new Audi-backed AUDI sub-brand kept the sexy wagon aesthetic but ditched the Germans’ interlocking rings and Auto Union heritage in favor of a simple, all-caps AUDI logo on the E concept wagon. Now seen in production trim, the production AUDI E5 Sportback is surprisingly true to the original concept – except in the horsepower department, that is.

But, while a production car having lower horsepower figures than the concept car that preceded it is pretty typical, the production AUDI E5 is different: it actually offers more peak power than the 765 hp concept!

That’s right, kids! the range-topping Flagship Quattro version of the new AUDI E5 Sportback offers buyers 776 horsepower (that’s 11 more than the concept), and gets 402 miles (CLTC) of range from its 100 kWh battery. And, while that version is a monster, even the base-level Pioneer version at just 235,900 yuan ($33,000, as I type this) offers a 76 kWh battery pack sending power to a 295 hp rear-mounted electric motor and over 600 km of range (~385 miles).

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It’s a solid achievement in value and tech, and the Audi people seem pretty proud of themselves. “The AUDI E5 Sportback is our first model based on the Advanced Digitized Platform, and it delivers on our brand promise: the best of both worlds,” says Fermín Soneira, CEO of the Audi and SAIC Cooperation Project. “Audi’s DNA and engineering excellence is blended with China’s digital ecosystem and innovations, specifically tailored for our tech-savvy customers.”

And it’s pretty.

AUDI E5 Sportback


The wagon’s exterior, while not necessarily shouting “Audi” in the conventional, Western sense, is still proportioned well enough to carry the four rings (or, looked at another way, a VW logo). But, while it’s a great-looking wagon on the outside, it’s on the inside that the all-new E5 AUDI Sportback really sets itself apart.

The interior of the AUDI E5 Sportback is noticeably different from any Audi model, being much more inline with similar entry-luxe EVs sold in China. The E5 dash also sports a 59″-inch” wide screen that stretches across the entire dash, digital side mirrors, Alcantara seating surfaces, and wireless phone chargers.

All that tech is powered by the QUALCOMM Snapdragon 8295 automotive chipset with 5-nanometer precision and the ability to perform 30 billion operations per second, and the Chinese-market AUDI OS offers what its makers call, “an intuitive experience designed to make the vehicle occupants’ lives easier.”

You can take a look at the new E5 Sportback’s interior, below, then let us know whether or not you think an Audi AUDI like this (and its purple mood lighting) would be a hot seller Stateside in the comments.

E5 Sportback interior


SOURCE | IMAGES: AUDI.


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