After a record-breaking year for electric vehicles, automakers are kicking off 2025 with significant discounts. With leases starting under $300 a month, these are some of the best EV deals to take advantage of this February.
Over 1.3 million electric vehicles were sold in the US last year, with new models like the Honda Prologue and Chevy Equinox EV hitting the market.
Honda and GM alone sold nearly 80,000 more EVs alone last year than they did in 2023, while Hyundai, Kia, Ford, Toyota, and Nissan also saw gains.
Tesla Model Y and Model 3 remained the top-selling models, but new entrants are gaining traction, with the Prologue placing seventh and the Equinox EV at eighth.
Although an influx of new EVs helped boost sales, the growth was largely thanks to massive incentives, making them on par with or even cheaper than similar gas-powered cars.
For example, at just $209 per month, you can lease a Honda Prologue for less than a 2025 Civic sedan despite costing over $20,000 more. The Tesla Model 3 is also cheaper than a Honda Civic at just $249 per month right now.
Best EV lease deals for under $300 a month in February
The Honda Prologue is listed for $209 per month for 24 months. With $2,699 due at signing, the effective cost is $321 per month. In California and other ZEV states, it’s even lower at just $278. A 2025 Honda Civic Sedan will run you $269 per month for 36 months. With $3,699 due upfront, the effective rate is $371, or $50 more per month than the Prologue.
Honda is not the only one offering significant savings on popular EV models this month. Tesla, Chevy, Hyundai, Kia, Toyota, and several others are offering EV lease deals for under $300 a month in February. You can find deals in your area at the bottom.
| Lease From | Term (months) |
Due at Signing | Effective rate per month (including upfront fees) |
|
| 2025 Kia Niro EV | $149 | 24 | $3,999 | $315 |
| 2024 Kia EV6 | $179 | 24 | $3,999 | $345 |
| 2024 Hyundai IONIQ 5 | $189 | 24 | $3,999 | $355 |
| 2025 Hyundai IONIQ 5 | $229 | 24 | $3,999 | $395 |
| 2024 Hyundai IONIQ 6 | $159 | 24 | $3,999 | $326 |
| 2025 Hyundai IONIQ 6 | $169 | 24 | $3,999 | $335 |
| 2024 Volkswagen ID.4 | $149 | 24 | $999 | $191 |
| 2024 Fiat 500e | $211 | 42 | $211 | $216 |
| 2024 Toyota bZ4X | $219 | 36 | $2,999 | $302 |
| 2024 Honda Prologue | $209 | 24 | $2,699 | $321 |
| 2024 Subaru Solterra | $279 | 36 | $279 | $287 |
| 2025 VinFast VF 8 | $279 | 24 | $695 | $308 |
| Tesla Model 3 | $249 | 36 | $2,999 | $332 |
| Tesla Model Y | $299 | 36 | $2,999 | $382 |
| 2024 Chevrolet Equinox EV | $299 | 24 | $3,169 | $431 |
The 2025 Kia Niro remains one of the most affordable EVs you can lease this month. It starts at just $149 per month for 24 months, with $3,999 due at signing.
Kia is offering deals on its other electric models, including the 2024 EV6, starting at just $179 per month. The three-row EV9 can be leased for $399 per month for 24 months, with $4,999 due at signing.
Although the 2024 Hyundai IONIQ 5 is a great deal at just $189 per month, the upgraded 2025 model may be even better.
The new 2025 Hyundai IONIQ 5 now has more range with up to 318 miles, an upgraded interior and exterior design, and even has an NACS port for charging at Tesla Superchargers. At just $229 for 24 months with $3,999 due at signing, the effective rate is just $395 per month.
To sweeten the deal, Hyundai is also offering a free ChargePoint Level 2 home EV charger with every 2025 IONIQ 5 purchase or lease.
Chevy introduced new deals on its new EV models, including the Equinox, Blazer, and Silverado, last month, worth up to $5,000 in savings.
The 2024 Chevy Equinox EV can be leased for $299 per month for 24 months. With $3,169 due at signing, the effective rate is $431.
Automakers are offering significant EV deals to start the year. However, with Trump reportedly planning to end federal incentives, including the $7,500 EV tax credit, the savings could soon disappear.
Ready to take advantage of the savings while they last? Although we are known for breaking news, we can also help you find deals on popular electric vehicles. You can use our links below to view offers on popular EV models in your area.