Automakers are cutting prices and offering record lease deals as the $7,500 federal EV tax credit expires on September 30, 2025, just over a month from now. With EV sales already surpassing 607,000 units in the first half of the year and average incentives of almost $8,500 per vehicle, buyers now have a rare chance to secure some of the lowest EV leases ever.
This August, a number of electric vehicles, many with low down payments, will be available for less than $300 per month, ranging from family-sized SUVs to affordable compacts. The best offers that are still available are listed below.
Chevy, Honda & Acura Lease Deals
| Model | Lease From | Term (months) | Due at Signing |
|---|---|---|---|
| 2025 Chevy Equinox EV | $249 | 24 | $6,149 |
| 2025 Honda Prologue | $159 (CA/ZEV states) | 24 | $1,099 |
| 2024 Acura ZDX | $299 | 24 | $2,999 |
With only $159 a month and $1,099 due at signing, the Honda Prologue is a great deal. At $249 per month, Chevy‘s all-electric Equinox EV provides good long-range value. The Acura ZDX is available for less than $300, even for luxury buyers.
Hyundai & Kia Lease Deals
Leading the way is Kia‘s Niro EV, which is among the least expensive EVs on the market at $129/month. Hyundai’s IONIQ 9 is a three-row SUV that debuts at just $299/month, while the IONIQ 6 sedan ($169/month) also undercuts the majority of competitors.
VW, Tesla, Ford, Toyota & Subaru Lease Deals
| Model | Lease From | Term (months) | Due at Signing |
|---|---|---|---|
| Volkswagen ID.4 | $129 (CA, AZ, NV) | 24 | $2,499 |
| Tesla Model 3 (Long Range RWD) | $299 | 24 | $3,000 |
| Ford Mustang Mach-E | $269 | 36 | $4,369 |
| 2025 Toyota bZ4X | $189 | 36 | $3,999 |
| 2025 Subaru Solterra | $279 | 36 | $279 |
While Tesla‘s Model 3 has reduced to just $299/month, a rare offer for a premium EV, Volkswagen‘s ID.4 lease, which starts at $129/month, is an unbeatable deal (in certain states). Another excellent option for drivers on a tight budget is Toyota‘s bZ4X, which costs $189 per month.
Thanks to record incentives and the expiring federal tax credit, August is one of the best times ever to lease an EV for less than $300 per month. There are options for every budget and lifestyle, ranging from the $129 Kia Niro EV to the $299 luxury Acura ZDX.
Act quickly, though, as lease offers differ by state (particularly ZEV states like California) and the majority of these agreements expire on September 30, 2025. It will then be up to the automakers to maintain the momentum by offering their own discounts.
FAQ Section
1. Which EV is the cheapest to lease in August 2025?
The 2025 Kia Niro EV is one of the cheapest options, starting at just $129 per month with $3,999 due at signing. The VW ID.4 also has a $129 lease in select states.
2. Can I lease a Tesla for under $300/month?
Yes. The Tesla Model 3 Long Range RWD is available for $299 per month on a 24-month lease with $3,000 down.
3. Do EV lease prices vary by state?
Yes. Many offers, such as the Honda Prologue and VW ID.4, are limited to California and other ZEV states, while other states may have slightly higher pricing.
4. When does the federal EV tax credit expire?
The $7,500 federal EV tax credit for leases ends on September 30, 2025. After that, incentives will depend on individual automakers.
5. Which electric SUVs are under $300/month?
Several SUVs qualify, including the Chevy Equinox EV ($249/month), Honda Prologue ($159/month), Acura ZDX ($299/month), Hyundai IONIQ 9 ($299/month), and the Subaru Solterra ($279/month).
