Electric vehicles (EVs) continue to surge in popularity, with the market growing substantially in 2024. January 2025 brings some of the most affordable leasing options for electric crossovers and sedans, with several models available for under $300 a month.
2024 Honda Prologue
The Honda Prologue leads the pack, with leases available for as low as $229/month for 36 months in California and other ZEV states. With a $1,299 due at signing, the effective monthly rate is just $265 for the EX (FWD) trim, offering up to 296 miles of range. Lease offers start at $249/month in other parts of the country, with a 0% APR option also available.
2024 Hyundai IONIQ 5
Starting at just $189/month for 24 months, the Hyundai IONIQ 5 offers a low entry price, with $3,999 due at signing. The effective monthly rate comes to $355. Hyundai is also clearing out inventory of the 2024 model as it prepares for the 2025 release.
2024 Hyundai IONIQ 6
Another great option from Hyundai, the IONIQ 6 starts at $159/month for 36 months. With $3,999 due upfront, the effective rate comes to $326 per month.
2024 Subaru Solterra
Leasing for $279/month for 36 months, with just the first month’s payment due upfront ($279), the Subaru Solterra provides an affordable option for those looking for an electric SUV. The effective monthly rate is $296.
2024 Toyota bZ4X
Starting at $219/month for 39 months, Toyota’s bZ4X can be leased with $2,999 due at signing, making the effective monthly rate $296.
2024 Tesla Model Y & Model 3
For Tesla fans, both the Model Y and Model 3 are available for $299/month for 36 months with $2,999 due at signing, making the effective monthly rate $382.
2024 Chevrolet Equinox EV
Chevrolet’s Equinox EV can be leased for $299/month for 24 months, with $3,169 due upfront, which brings the effective monthly rate to $431.
While these deals are compelling, there’s a potential change on the horizon that could affect consumer savings. Trump’s transition team is considering eliminating the $7,500 federal tax credit. If this proposal moves forward, the current lease deals and discounts could disappear, leaving future buyers and lessees with fewer financial incentives.
