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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.

Cheapest-EVs-lease-March
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.

Cheapest-EVs-lease-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.

Cheapest-EVs-lease-March
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.

Cheapest-EVs-lease-March
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.

Cheapest-EVs-lease-March
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.

Cheapest-EVs-lease-March
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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New Chevy Bolt undercuts “affordable” Tesla by $10K, wins on features

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New Chevy Bolt undercuts

On today’s extreme episode of Quick Charge, we’ve got the most affordable new EV in America packing 255 miles of range, sub-30 minute charging, V2H support, and more – all that for a price about $10,000 LESS than that new “affordable” Tesla.

We’ve also got specs for the all-new, all-electric Ferrari Elettrica and a world’s first, hydrogen-powered autonomous farm tractor from Kubota.

Today’s episode is brought to you by Climate XChange, a nonpartisan nonprofit working to help states pass effective, equitable climate policies. The nonprofit just kicked off its 10th annual EV raffle, where participants have multiple opportunities to win their dream model. Visit CarbonRaffle.org/Electrek to learn more.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

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New episodes of Quick Charge are recorded, usually, Monday through Thursday (most weeks, anyway). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Momentum unveils upgraded Vida E+ e-bike with throttle and bigger motor

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Momentum unveils upgraded Vida E+ e-bike with throttle and bigger motor

Momentum, the lifestyle-focused urban bike brand under Giant Group, has just launched the latest version of its popular Vida E+ electric bike – and this one’s all about making e-biking smoother, safer, and more accessible to riders of all experience levels.

The updated Vida E+ features a new 500W SyncDrive Move S motor offering 60Nm of torque and pedal assist up to 28 mph, designed to provide natural-feeling power whether you’re cruising to work or just exploring around town. The system uses a combination of sensors to analyze torque, speed, and cadence, automatically adjusting power output to match your pedaling effort.

According to Momentum, the motor engages with as little as 4Nm of pedal pressure and just 10° of crank movement, giving riders what they describe as an ultra-smooth and effortless start every time.

A new optional throttle adds another layer of convenience, letting riders cruise at speeds up to 20 mph without pedaling, which should be perfect for hills, traffic-heavy starts, or when you just want to relax and take it easy on the way home. The bike’s EnergyPak 700 battery provides up to a claimed 55 miles (88 km) of range on pedal assist or 43 miles (69 km) on throttle-only riding.

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The Vida E+ also leans hard into comfort and safety. It sports a low-step aluminum frame for easy on-and-off, an 80 mm suspension fork, and wide 26×2.4-inch tires for stability and plushness. Four-piston hydraulic disc brakes ensure solid stopping power, while a new automatic motor cutoff feature stops assistance as soon as the brakes engage. The bike is UL 2849 certified, meaning it meets top-tier safety standards for batteries and electronics, which is a growing priority in the e-bike world as more cities and states consider requiring safety certification as a prerequisite.

With support for up to 300 pounds (136 kg) total load and optional racks front and rear, the Vida E+ is also built for everyday utility. And on the tech side, momentum’s RideControl app lets riders fine-tune speed and assistance, lock or unlock the bike electronically, and monitor battery health.

The new Momentum Vida E+ is available now through Giant Group’s nationwide dealer network with an MSRP of US$2,480.

Returning from a recall on its previous bike, Giant Group will now have an opportunity to see how the new version of the Momentum Vida E+ will fare.

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VW just nuked its EV lease deals – while rivals sweeten theirs

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VW just nuked its EV lease deals – while rivals sweeten theirs

VW’s US EV lease deals just went from hero to zero. Federal tax credits are now dead, the automaker has wiped out up to $12,000 in lease incentives on the ID.4, and ended $10,500 in discounts on the ID. Buzz. The move bucks the trend as other brands continue to sweeten their EV lease offers.

As of September 30, 2025, Volkswagen offered up to $12,350 in lease cash on the ID.4, depending on configuration. That included a $7,500 federal lease tax credit for lessees as Bonus Customer Cash, plus $3,500 to $4,850 in Dealer Lease Cash. It made the ID.4 one of the top EV lease deals around.

On October 1, those incentives vanished. While the ID.4 still has a 0% APR equivalent lease rate, drivers lost more than $12,000 in savings overnight. The ID. Buzz took a similar hit. Last month, the 2025 ID. Buzz offered $10,500 off MSRP between the $7,500 tax credit and $3,000 Dealer Lease Cash. Now, almost all lease cash is gone. VW Credit is offering just $750 in Dealer Lease Cash, and weirdly, not on models with two-tone paint. According to CarsDirect’s lease calculator, the lowest-priced ID. Buzz trim now carries an effective monthly cost topping $1,000 — a considerable jump.

For comparison, the ID. Buzz Pro S was previously advertised at $589 a month for 36 months with $5,999 due at signing, or an effective monthly cost of $756.

The ID.4 lease once cost just $233 a month, making it one of the cheapest EVs to lease. According to updated estimates, that figure is now north of $800 – that’s hair-raising.

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Meanwhile, VW’s rivals are going in the opposite direction. Ford extended its Mustang Mach-E lease deals through early January. Subaru’s updated 2026 Solterra still qualifies for the $7,500 lease credit, and Jeep replaced the expiring EV lease credit with equivalent bonus cash.

If you really want a Volkswagen, though, there’s some good news: financing deals haven’t changed. The 2025 ID.4 continues to offer 0% APR for 72 months, and buyers of the ID. Buzz can still get up to $3,250 in Bonus Customer Cash through November 3, a perk unavailable to lessees.

It kinda seems like VW doesn’t want to lease their EVs anymore…?? Let me know your thoughts in the comments below.

Read more: From $189 a month: 5 of the best EV lease deals in October


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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