Leasing remains an attractive option for buyers, with the average lease payment for an electric car being $175 less than the average loan payment.

However, potential changes in federal EV incentives, such as the risk of eliminating the $7,500 tax credit, could significantly impact future lease rates and overall affordability.

As the market evolves, these incentives will play a crucial role in determining the competitiveness of lease prices in the growing EV landscape.

As of March 2025, the electric vehicle (EV) market is seeing several models available for lease at under $300 per month, showcasing a trend toward greater affordability.

Among the competitive offerings, the Toyota bZ4X and Subaru Solterra are leasing at $259 and $279 respectively, highlighting the increasing rivalry among Japanese automakers.

Ford's 2024 Mustang Mach-E is available for lease at $213 per month, while the F-150 Lightning can be leased for $233 per month, both including incentives like a free Level 2 home charger.

The 2024 Honda Prologue is leasing for $239 per month, making it a strong contender in the electric SUV segment, although its lowest rate is limited to California and other zero-emission vehicle states.

Additionally, the 2024 Acura ZDX is available for $299 per month, with significant discounts offered in certain regions.

Hyundai is also entering the fray with its new IONIQ models; the IONIQ 5 is being leased for $325 per month, accompanied by promotional incentives.

To further entice buyers, Hyundai is offering a free ChargePoint Level 2 home charger with new leases or purchases of the 2024 and 2025 IONIQ 5 and IONIQ 6.

In terms of sales, over 1.3 million EVs were sold in the US in 2024, with nearly 200,000 sold in the first two months of 2025, indicating a robust demand for electric vehicles.

Top sellers during this period included the Tesla Model Y, Model 3, Honda Prologue, and Rivian R1S, reflecting consumer preferences.