Spring is finally here, and so are some solid EV lease deals. Right now, a few EVs are going for under $300 a month. Here are the cheapest EVs we could find 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 about 15 new models arriving.
Nearly 200,000 electric vehicles were sold in the first two months of the year. In February, the top five best-selling models were the Tesla Model Y, Model 3, Honda Prologue, and Rivian R1S.
Outside of Rivian’s electric SUV, you can lease any of them for under $300 a month this March. 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 Experian, the Tesla Model 3, Model Y, Honda Prologue, Hyundai IONIQ 5, and Chevrolet Equinox are among the most leased EVs. Again, all of these 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
$159
24
$3,999
$325
2025 Hyundai IONIQ 5
$199
24
$3,999
$365
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.
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.
Earlier this week, Hyundai launched a promo giving those who buy or lease a new 2024 or 2025 model year IONIQ 5 or IONIQ 6 a free ChargePoint Level 2 home charger. If you already have one, you can also opt for a $400 public charging credit.
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. It has now been a top five best-seller in the US for the first two months of 2025.
With an ultra-low lease rate of just $239 per month, the Prologue is even more affordable than a Civic this month. No wonder sales are surging.
Honda launched the 2025 model earlier this month, which has more range (now up to 308 miles) and power but keeps the same low starting price.
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 even 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, at $3,879. Keep in mind that the Blazer EV deal also includes a $1,000 trade-in bonus.
The electric Equinox SUV, or “America’s most affordable +315 miles range EV,” as Chevy calls it, is even cheaper than the gas model this month with up to $8,500 in savings.
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 remained a top-selling electric SUV through the first two months of 2025
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
Japanese automakers are starting to find their rhythm. Toyota bZ4X and Subaru Solterra sales are picking 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 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.
Other EVs for lease for under $300 a month
Lease From
Term (months)
Due at Signing
Effective rate per month (including upfront fees)
2025 Nissan LEAF
$259
36
$2,279
$322
Fiat 500e
$159
24
$1,999
$242
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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Lease deals get all the hype, but most people still want to own the car after they’re done making all those payments on it. If that sounds like you, and you’ve been waiting for the interest rates on auto loans to drop, you’re in luck: there are a bunch of great plug-in cars you can buy with 0% financing this March … and that includes a zero percent Tesla deal!
UPDATE: a fancy crossover and popular off-road SUV make the list!
I’ve done a couple of these now, so you probably already know that there were plenty of ways for me to present this information. “Best EVs ..?” Too opinion based. “Cheapest EVs ..?” Too much research. In the end, I went with alphabetical order, by make. And, as for which deals are new this month? You’re just gonna have to read the article. Enjoy!
Acura ZDX
2024 Acura ZDX; via Acura.
The 2024 Acura ZDX uses a GM Ultium battery and drive motors, but the styling, interior, and infotainment software are all Honda. That means you’ll get a solidly-built EV with GM levels of parts support and Honda levels of fit, finish, and quality control. All that plus Apple CarPlay and 0% financing for up to 72 months makes the ZDX one the best sporty crossover deals in the business.
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All the electric Chevy EVs (again)
Silverado EV, Equinox EV, and Blazer EV at a Tesla Supercharger; via GM.
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 Mustang Mach-E
2024 Ford Mustang Mach-E GT Bronze edition; via Ford.
This month, you can get a killer deal on a new 2024 Ford Mustang Mach-E (shown, above). Through March 31st, you can get $2,500 in bonus cash, a free L2 home charger installed, plus 0% financing for up to 72 months. Tesla owners can also get an additional $1,000 in conquest cash, bringing the hood money total to $3,500.
The biggest Ultium-based EVs from GM’s commercial truck brand are seriously impressive machines, with shockingly quick acceleration and on-road handling that seems to defy the laws of physics once you understand that these are, essentially, medium-duty trucks. This month, GMC is doing its best to move out its existing inventory of 2024s, so if you’re a fan of heavy metal you’ll definitely want to stop by your local GMC dealer and give the Hummer EV and Sierra Denali EV a test drive.
Honda Prologue
2024 Honda Prologue; via Honda.
Despite the Honda Prologue was one of the top-selling electric crossovers last year by combining GM’s excellent Ultium platform with Honda sensibilities and Apple CarPlay, Honda upgraded the 2025 model with slightly more EPA range. Even so, there’s still some remaining 2024 inventory out there and dealers are ready to deal (that’s what they do, after all). To make room for the 2025 models, Honda is offering 0% APR for up to 72 months on the remaining 2024s.
Hyundai IONIQ 5
IONIQ 5 record-setting performance; via Hyundai.
Hyundai is still offering 0% financing for 60 months on all versions of the hot-selling 2024 IONIQ 5 crossover, making it hard to overlook in the five-passenger segment. It’s worth noting that Hyundai is also offering the 5 with $7,500 bonus cash in select markets, but that offer can’t be stacked with the 0%, so do some math before deciding which way you want to go.
Jeep Grand Cherokee 4xe
Jeep Grand Cherokee 4xe; via Stellantis.
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.
That said, 200 miles of range is probably more than enough for 360 of any given year’s 365 days. If you can live with making an extra stop or two on the other five, you’ll be rewarded with Toyota quality, Lexus levels of fit and finish, and Lexus’ legendary customer service and dealership experience. Combine that with 0% financing for up to 72 months, and the RZ might be a winner after all.
Mitsubishi Outlander PHEV
2024 Mitsubishi Outlander PHEV; via Mitsubishi.
One of the first three-row plugin cars to hit the market (and a frequent addition to these 0% lists), Mitsubishi’s Outlander PHEV offers up to 38 miles of electric range from its 20 kWh li-ion battery, making it a great “lily pad” vehicle for suburban families who want to drive electric but still worry about being able to find a charging station when they need one.
Nissan Ariya
2024 Nissan Ariya; via Nissan.
I’ve already said that the Nissan Ariya didn’t get a fair shake. If you click that link, you’ll read about a car that offers solid driving dynamics, innovative interior design, and all the practicality that makes five-passenger crossovers the must-haves they’ve become for most families. With great discounts available at participating dealers, Supercharger access, and 0% interest from Nissan for up to 72 months, Nissan dealers should have no trouble finding homes for their remaining 2024 Ariya crossovers.
Subaru Soltera
2023 Subaru Soltera; via Subaru.
Despite being something of a slow seller, this mechanical twin of the Toyota bZ4X EV seems like a solid mid-size electric crossover with some outdoorsy vibes and granola style that offers more than enough utility to carry your mountain bikes to the trail or your kayaks to the river. The company is hoping to help clear out its remaining 2024 models with big discounts and 0% financing for up to 72 months.
Tesla Model 3
Model 3 Highland; via Tesla.
Say what you will about Elon Musk – and I say plenty over on the Quick Charge podcast – the fact remains that we wouldn’t be here talking about EVs at all if it wasn’t for his marketing brilliance, bravado, and sheer force of will. Beyond that, Tesla simply offers as superior ownership experience through total software integration, unfettered access to the Supercharger network, and the best EV route-planning software this side of Chargeway.
If you can stomach being associated with Elon (or have an inside line on some spare Honda badges), you can get a new Model 3 for 0% interest or 0.99% with $0 down if you apply the $7,500 Federal tax incentive at the point of purchase.
Volkswagen ID.4
VW ID.4; via Volkswagen.
One of the most popular legacy EVs, the ID.4 offers Volkswagen build quality and (for 2024) a Chat-GPT enabled interface. To keep ID.4 sales rolling, VW dealers are getting aggressive with discounts, making this fast-charging, 291 mile EPA-rated range, 5-star safety rated EV a value proposition that’s tough to beat.
This month, get a Volkswagen ID.4 with 0% financing for up to 72 months plus a $5,000 customer cash bonus to stack with it.
Disclaimer: the vehicle models and financing deals above were sourced from CarsDirect, CarEdge, USNews, and (where mentioned) the OEM websites – and were current as of 24MAR2025. These deals may not be available in every market, with every discount, or for every buyer (the standard “with approved credit” fine print should be considered implied). Check with your local dealer(s) for more information.
A view shows a board with the logo of Shell at the company’s fuel station in Saint Petersburg, Russia May 6, 2022.
Anton Vaganov | Reuters
British oil major Shell on Tuesday announced plans to increase shareholder returns and cut spend, as it doubles down on its liquified natural gas (LNG) push.
In an announcement ahead of its Capital Markets Day 2025 event, the company said it would bolster shareholder distributions to 40-50% of cash flow from operations, up from a 30-40% range previously. It intends to stick to progressive dividends of 4% per year and to grow free cash flow per share by more than a yearly 10% through to 2030.
The oil major also said it will lower its spending to $20-22 billion per year through to 2028, after targeting such costs in a $22-25 billion range for 2024 and 2025 back in 2023.
The oil company separately said it aims to trim its structural cost reduction target from $2-3 billion by the end of this year to a cumulative $5-7 billion by the end of the three-year stretch to the end of 2028, compared with 2022 plans.
Shell — the world’s largest liquified natural gas trader — guided it will grow output across its combined upstream and integrated gas businesses by 1% per year through to 2030, as well as increase LNG sales by 4-5% every year through that period. It will separately keep its oil production steady at 1.4 million barrels per day until the end of the decade.
The company intends to expend 10% of its capital in low-carbon businesses by 2030.
”We want to become the world’s leading integrated gas and LNG business and the most customer-focused energy marketer and trader, while sustaining a material level of liquids production. Today we are raising the bar across our key financial targets, investing where we have competitive strengths and delivering more for our shareholders,” CEO Wael Sawan said in a Tuesday statement.
European oil companies have increasingly battled pressure to review their portfolio strategy in a bid to lock step with shareholder returns offered by majors in the U.S., where White House leader Donald Trump’s administration champions the resurging output of fossil fuels.
Shell has largely outpaced European peers, with shares up 11.3% in the year to date, but most recently notched a sharp drop in annual profit to $23.72 billion for full-year 2024, missing expectations. It announced a 4% hike in dividend per share and launched a $3.5 billion buyback program at the time.
“Shell’s share price has outperformed the peer group handily, and so it should not be a surprise that today’s update reads as more evolution than revolution,” RBC analysts said in a Tuesday note. “At the margin, the guidance looks better than expected, with higher cost reductions, capex guidance coming in lower at the midpoint versus consensus, and higher shareholder returns than anticipated.”
Peugeot UK says its new E-EXPERT SPORT electric cargo van was inspired by the brand’s rich motorsport pedigree, and the desire to bring that racing heritage to the everyday working professional. And let’s face it, kids – if a fat-tired and bespoilered European cargo van doesn’t excite you, I don’t know what will!
Built on the Peugeot LCV cargo van, the new E-EXPERT SPORT adds a unique body kit that, “reflects its sporty nature,” with a front lip spoiler and side skirts that provide the sporty van with an athletic and aggressive stance.
The E-EXPERT SPORT also adds a special “Kryptonite” livery applied to the van’s sides, grille, upholstery, and unique badging on both the inside and outside of the van. That part’s essential, since your plumber may have forgotten he paid a bunch of extra money for the go-fast version of the van he depends on to provide for his family.
The company says the livery matches the color palette of the electrified Peugeot 9X8 Hypercar (below), which is currently competing in the World Endurance Championship (WEC) series and the iconic 24 Hours of Le Mans later this summer.
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Peugeot 9X8 Hypercar
Other key differences between the E-EXPERT SPORT and the more pedestrian Peugeot LCV include equipment options over and above the LCV’s ASPHALT trim, including dual-zone electronic climate control, keyless entry and start, and wireless smartphone charging. The sporty van also includes the LCV’s Winter Pack, which includes a heated leather steering wheel, heated driver’s seat, and side-impact airbags for enhanced front row safety.
The all-electric E-EXPERT SPORT van ships with a 75 kWh battery paired to a 136 hp (100 kW) electric motor producing 270 Nm (200 lb-ft) of torque for a range of up to 209 miles on the WLTP Combined Cycle. The boxy Peugeot can be charged at speeds of up to 100 kW from a DC rapid charger, enabling a 10%-80% charge in under 40 minutes.
Pricing starts at about £51,800 in the UK for either the crew or panel versions. Order books open April 1st, which would be suspicious if Brits were funny.
Electrek’s Take
Vehicles that operate on a more-or-less fixed route with predictable stops are a no-brainer for electrification – that, along with better insulation against oil costs, superior uptime, and reduced maintenance keep the commercial EV market growing, regardless of politics.