Nine EVs that lease for under $400/month: Ioniq 5, Solterra, Niro, Ioniq 6, more
There’s a loophole in the stricter IRA federal tax credit that only applies $3750 rebates on North American-built cars and separately $3750 on domestic batteries. For whatever reason, all EVs get the full $7500 applied to leases, however. So that has more people leasing EVs than ever before.
The number of electric vehicle models that can be leased for less than an average monthly lease cost of $400/month has grown by 50% since last August. The list now includes nine models with factory offers that rival lease terms on low-priced ICE vehicles such as the Toyota Camry LE, Chevy Equinox LT, and Honda HR-V LX. Two of those EV models have a range of over 300 miles.