Don't miss out on these December EV lease deals under $200

Who said you have to break the bank to drive an electric car? Several EV lease deals are available this December for less than $200 a month, but the savings may not last long. Here are some of the best EVs to consider leasing this month.

Electric vehicles accounted for about 9% of all US vehicle sales in the third quarter, their highest level on record.

“Growth is fueled in part by incentives and rebates,” according to Stephanie Valdez Streaty, director of Industry Insights at Cox Automotive. Another part is the influx of affordable models hitting the market.

In addition to the $7,500 federal tax credit, other rebates on EV models range from $10,000 to as high as $20,000.

Big benefits lower monthly payment prices, making many EV models less expensive than gas-powered vehicles. According to the new Experian report, leasing accounted for 45% of all new EV transactions in the third quarter. That's up significantly from 25% last year and only 9.5% in Q3 2022.

Including incentives, the average monthly payment for an EV lease was less than $198 if you financed a new model.

With Trump's transition team reportedly planning to “kill” the $7,500 EV tax credit, the savings could disappear. As consumers rush to take advantage of discounts, EV sales are expected to increase this month.

EV leases for under $200 per month this December

To close out the year strong and make way for new models, several companies are offering significant discounts on popular electric models, including Kia, Hyundai, Honda, GM, Ford, Stellantis, and more.

According to an online automotive research company CarsDirectseveral EV models are available to lease for less than $200 a month in December.

The 2024 Kia ​​Niro EV remains one of the most affordable electric vehicles on the market, with leases starting as low as $149 for 24 months. With $3,999 to sign, the effective price is just $315 per month. That's $414 a month cheaper than the plug-in hybrid model (including a $3,499 down payment).

Kia is also offering a $199 per month 36-month EV lease. With $3,999 to sign, running costs are just $310 per month.

The EV6, Kia's dedicated EV based on the same platform as Hyundai's IONIQ 5, is listed for lease prices as low as $159 for 24 months. With a $3,849 down payment, the 2024 Kia ​​EV6 Light Long Range RWD trim costs just $319 a month to lease.

Speaking of the IONIQ 5, Hyundai's electric SUV is also available for lease this month for less than $200. Through the “Hyundai Getaway Sales Event,” Hyundai is offering a $189 per month 36-month lease offer on the IONIQ 5.

The 2024 Hyundai IONIQ 5 SE is $355 per month, and $3,999 must be signed. Hyundai's big savings come as the facelifted 2025 model hits dealerships.

Nissan's Ariya electric SUV is another top option, with lease rates starting as low as $99 per month. However, that is only available in Colorado. In some parts of the country, such as New York, the 2024 Nissan Ariya is listed at $169 for 24 months. For $6,219 up front, the effective rate is $428 per month.

Fiat's compact 500e EV is available to lease for $179 for 42 months this December. With $2,999 to sign, you can lease a 2024 500e INSPI(RED) trim for just $250 a month.

While it's not under $200, you might want to consider some EV lease deals this month. For example, Honda is offering its electric Prologue for just $259 a month for 36 months. With a $2,999 down payment, you can drive Honda's electric SUV for just $342 a month. That's $279 a month less than the Honda Civic despite costing nearly twice as much.

At just $299 for 24 months, the 2024 Chevy Equinox EV is also worth a look. With a $3,169 down payment, you can lease an electric Equinox for just $431 a month.

Ready to take advantage of the savings? We can help you find the best EV lease deals in your area. Check out our links below to view offers on popular electric models in your area.