The shifting dynamics for electric vehicles have unlocked a wave of hot EV lease deals—a trend that was easy to predict, given the pressure the electric vehicle market is facing.
First things first: The recent passage of President Trump’s sweeping economic bill (signed into law July 4), coupled with other lingering dynamics, have created a perfect storm for EV lease deals.
Approaching Sept. 30, end date for the $7,500 federal tax credits, which have been a major draw to purchase an EV.
Elevated new EV inventory, which rose 9.9% month over month in June to 120+ days’ supply.
Slowing sales for electric vehicles, which declined 1.4% from May to June and 3.5% year-over-year.
What they’re saying: “There is no better deal than leasing an EV. You can easily get a vehicle that has an MSRP of $15,000–$20,000 more than its ICE equivalent, yet the payments might be the same or lower,” said Ivan Drury, Director of Insights for Edmunds, via (Tech Brew).
Why it matters: Though there haven’t been many automakers using the looming tax credit expiration to advertise incentives, Drury expects a bigger push closer to September. However, consumers shouldn’t wait—and neither should dealers looking to move their EV inventory, as many of the lease deals continue to change from month to month.
Digging in: Practically every brand that makes EVs is offering some kind of special lease deal this summer—but CDG has compiled a list of five EVs leases for under $300 a month.
2025 Hyundai Ioniq 5: $149/month for 36 months with $3,999 due at signing
2025 Kia Niro EV: $129 per month for 24 months with $3,999 due at signing
2025 Subaru Solterra: $299 per month for 36 months with $299 due at signing
2025 Volkswagen ID.4: $129/month for 24 months with $2,499 due at signing
2025 Hyundai Kona Electric: $189 per month for 24 months with $3,999 due at signing
Between the lines: Leasing (whether it’s an EV or gas-powered vehicle) offers several benefits in the current market.
More cost-effective alternative to buying a vehicle—with a lower monthly payment.
Enables price-conscious buyers to avoid higher APRs and long-term rate plans.
What they’re saying: “But it’s not just affordability. Leasing offers consumers the opportunity to buy an EV without worrying about the potential resale value down the line,” said Melinda Zabritski, Head of Automotive Financial Insights for Experian.
Bottom line: Today’s deep lease discounts could continue well beyond the summer, as tax credits phase out, inventory remains high, and sales momentum softens—making subsidies and promotions more pivotal for dealers to clear EV inventory from their lots.
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