Spring is approaching, and with it comes some hot deals on electric vehicles (EVs). Leasing an EV can be a cost-effective way to get behind the wheel of a new electric model, especially with several options available for under $300 per month. Let’s take a look at some of the cheapest EVs you can lease this March.
After a record year in 2024 with over 1.3 million EVs sold in the US, the trend is expected to continue in 2025 with approximately 15 new models hitting the market. January saw over 100,000 EVs sold for the tenth consecutive month, with popular models like the Tesla Model Y, Model 3, Volkswagen ID.4, Honda Prologue, and Tesla Cybertruck leading the pack. All of these models can be leased for under $300 a month, making leasing an attractive option for many buyers.
Hyundai and Kia are offering some of the most affordable EVs on the market, with models like the Kia Niro EV, Kia EV6, and Hyundai IONIQ 5 available for lease for less than $300 per month. The luxury Genesis GV60 can also be leased for under $300 a month, making it a great deal for those looking for a more upscale option.
Honda’s electric SUV, the Prologue, continues to be a top seller in the US market. With a low lease rate of just $239 per month, the Prologue is even more affordable than a Civic this month. Acura’s luxury electric SUV, the ZDX, can also be leased for as low as $299 per month, making it a more affordable option than the Genesis GV60.
Chevy’s new electric SUVs, the Equinox and Blazer EVs, are rolling out quickly and can be leased for under $300 a month this March. The Blazer deal even includes a $1,000 trade-in bonus, making it a great option for those looking for a deal.
Ford’s F-150 Lightning and Mustang Mach-E are also available for lease at competitive rates, with the Mach-E starting at $213 per month and the Lightning at $233 per month. Ford is sweetening the deal with a free Level 2 home charger for any EV purchase or lease through its “Power Promise” program.
Toyota’s bZ4X and Subaru’s Solterra are starting to gain traction in the market, with the Solterra available for lease at an effective cost of $287 per month. These models offer a more affordable option for those looking for an AWD electric vehicle.
Finally, Tesla’s Model Y and Model 3 continue to be best-sellers in the US and can be leased for under $300 per month, making them some of the cheapest EVs available this March.
With the possibility of federal EV incentives being phased out, now may be the best time to take advantage of these low lease prices. Automakers are able to offer such competitive rates largely due to the incorporation of tax credits into the lease prices. So, if you’re in the market for a new electric vehicle, now is the time to snag a great deal before incentives potentially disappear.
