With more models hitting the market and massive incentives, electric vehicles are more affordable than ever. However, with Trump’s transition team reportedly planning to end the EV tax credit, the savings may soon disappear. Here are the EVs you can still lease for under $300 a month in January.

2024 was another record year for EV sales in the US. Many automakers, including GM, Ford, Hyundai, Kia, and Honda, sold significantly more electric cars last year than in 2023.

According to Cox Automotive, electric vehicles are expected to represent 7.5% of all US auto sales in 2024. Although all December and full-year 2024 sales numbers have yet to be released, EV sales hit a record in November. With over 116,000 units sold, electric cars achieved an 8.5% market share.

A big reason behind the growth was new models, like the Honda Prologue, which was the third best-selling EV in the US in November. That’s after deliveries began in just March.

Honda sold over 33,000 Prologues in the US last year, with nearly 7,900 in December alone. With over 114,000 EVs sold, GM outpaced Ford’s roughly 97,900. Meanwhile, Hyundai, Kia, and others reported record EV sales in 2024.

Although a big reason behind the sales surge is due to new options, massive incentives have made EVs even cheaper to lease than gas-powered cars.

What EVs are for lease for under $300 in January 2025?

With additional discounts on top of the $7,500 federal EV tax credit, some discounts are reaching as high as $10,000 to $20,000 off MSRP. In Q3, EV incentives averaged over 12% of the average transaction price (ATP), nearly double the industry average of 7%.

Despite having a starting MSRP almost double that of a Civic Sedan, you can lease a Honda Prologue for less in many parts of the US.

The 2024 Honda Prologue is listed at just $229 for 36 months in California and other ZEV states. With $1,299 due at signing, the effective monthly payment is $265. That’s for the EX (FWD) trim, which has a range of up to 296 miles.

In other parts of the country, don’t worry — Honda is still offering Prologue leases starting at $249 per month. You can also opt for a 0% APR.

Using data from auto intelligence firm CarsDirect, we’ve gathered the top EVs you lease for under $300 a month this January. You can view offers in your area at the bottom.

Several other electric crossovers and SUVs, including the 2024 Subaru Solterra, Toyota bZ4X, and Hyundai IONIQ 5, are available to lease for under $300.

The 2024 Hyundai IONIQ 5 is listed as low as $189 for 24 months. With $3,999 due at signing, the effective rate is $355. Hyundai is offering big savings to clear inventory with the upgraded 2025 models arriving at US dealerships.

Hyundai’s other dedicated EV, the IONIQ 6, is listed at just $159 for 36 months. With $3,999 due at signing, the monthly effective rate is $326.

Subaru is offering 2024 Solterra leases starting at $279 per month (36 months). With just the first month’s payment due up front ($279), the monthly rate is $296. Although Toyota’s bZ4X is listed for as little as $219 for 39 months, with $2,999 due at signing, it’s slightly more with an effective rate of $296.

Tesla’s Model Y and Model 3 can be leased for just $299 per month (36 months). With $2,999 due at signing for an effective rate of $382.

The 2024 Chevy Equinox EV can be leased for as little as $299 for 24 months. With $3,169 due upfront, the monthly rate is $431.

Meanwhile, a November report by Reuters claimed that Trump’s transition team aimed to eliminate the $7,500 federal tax credit. If true, many of these savings could soon disappear.

Are you ready to find your new EV? We’ve got you covered. You can use our links below to find the best deals on popular electric vehicles in your area.