Summary
- Electric vehicles have become more affordable with new lease deals under $300 a month
- Record EV sales in the US in the second quarter, accounting for 8% of new vehicle sales
- Most automakers offer discounts of over $10,000 on EVs, some include additional incentives
- Popular EVs available for lease in September include Kia Niro Wind EV, Honda Prologue, and Volkswagen ID.4
- Hyundai’s IONIQ 5 and EV6, as well as Kia’s EV6, are also top EV lease options for under $300 per month
Article
The electric vehicle market is booming, with a record 330,463 EVs sold in the US in the second quarter of the year. This surge in sales is attributed to the influx of new models, substantial discounts, and increased leasing rates. Many automakers are offering significant incentives, such as the $7,500 federal tax credit, which can be passed on to lessees. In some cases, the total savings can amount to over $10,000. For example, Kia’s new three-row EV9 SUV had an average discount of over $19,700 in July, while Honda’s Prologue and Volkswagen models sold with average discounts of $7,035 and $13,015, respectively.
Despite the growing demand for EVs, there are several affordable lease options available for under $300 a month. Kia’s 2024 Niro Wind EV is listed at $169 for 24 months, with an effective cost of $336 per month. Other models, such as Honda’s Prologue EX at $269 for 36 months and Volkswagen’s ID.4 at $219 for 36 months, offer even more affordable leasing rates. The Honda Prologue EX has a range of up to 296 miles, making it a competitive option in the EV market.
Hyundai’s IONIQ 5 and IONIQ 6 are also top contenders for affordable EV leasing in September. The IONIQ 5 SEL RWD is listed at $209 for 33 months, with an effective cost of $330 per month. The IONIQ 6 SEL RWD is available for $299 for 33 months, with an effective cost of $420 per month. The Kona Electric, with a range of up to 261 miles, comes in slightly higher at $362 for 24 months. Additionally, the Kia EV6 Light Long Range RWD is listed at $209 for 24 months, with a total cost of $376 per month.
Kia’s EV6 and EV9 models are particularly attractive leasing options, thanks to additional incentives such as the Tesla Conquest Cash discount. Kia is offering $1,500 off the EV9 and $1,000 off the EV6 for Tesla drivers, making these models even more affordable to lease. Despite being more expensive than the Soul, the EV6 can be leased for just $179 per month with the discount. The Subaru Solterra Premium is also a standout option for budget-conscious consumers, starting at $329 per month with no money down.
In conclusion, the EV market is seeing a surge in demand, with a wide range of affordable leasing options available for consumers looking to drive electric. With discounts and incentives from automakers, many EVs can be leased for under $300 a month, making it more affordable than ever to transition to electric vehicles. Whether you’re considering Kia, Hyundai, Honda, Volkswagen, or Subaru, there are plenty of options to choose from in September. Take advantage of these deals and start saving big on your next electric vehicle lease today.
Read the full article here