Electric cars are among the most costly new automotive choices you’ll be able to contemplate proper now. They typically cost more than an ICE as a result of {the electrical} elements and battery pack are far dearer to develop. As of April 2024, nevertheless, there are some nice leasing offers and cash-back reductions to be loved for a number of EVs, making them extra engaging to new automotive consumers. It’s presumed a few of these offers intend to encourage shoppers to contemplate electromobility. Some of those EVs have not been performing too nicely within the new automotive market, so reductions are one of the simplest ways to promote new items.

These offers are perfect for first-time EV buyers that need to change over from standard ICE automotive possession however are too hesitant concerning the greater beginning prices. This record covers reductions and cash back bonuses on leasing deals and financing from a number of producers. The automobiles additionally cowl quite a lot of segments ranging between extra accessible crossovers and high-end luxurious sedans. Some of the merchandise featured listed below are 2023 mannequin years that haven’t bought, however they’re nonetheless brand-new automobiles.

In order to provide the newest and correct data attainable, the information used to compile this text was sourced from numerous producer web sites and different authoritative sources, together with Car and Driver, MotorPattern, and Edmunds. We have featured cash-back bonuses and discounted APRs, ranked from greatest to worst.

Lexus RZ 450e

$20,000 Lease Cash-back

Lexus fingers its first-ever EV, the RZ 450e, a whopping $16,000 cash-back incentive for Luxury and Premium trims. This is barely legitimate till the final day of April. The model additionally affords a 1.9 % APR deal over 60 months, obtainable for a similar interval. You also can take pleasure in a $7,500 cash-back bonus on all RZ fashions, together with the 300e. If you need to benefit from the greatest saving, strive contemplating a 2023 450e mannequin, which advantages from a large $20,000 cash-back incentive. Lexus affords the 2024 vary with a 1.9 % APR over 60 months. 2023 fashions function a 0 % APR over 72 months.

2024 Lexus RZ 450e Specs And Performance

(Data sourced from Lexus)

RZ 450e Premium and Luxury models function Toyota’s dual-motor all-wheel drive configuration, producing a mixed 313 horsepower and 320 pound-feet. The result’s a claimed 5.0-second 0-60 MPH time, however unbiased exams reveal 4.6 seconds to be an easily achievable time. The mannequin contains a 71.4 kWh lithium-ion battery pack, which leads to a quite substandard 196-mile EPA estimated vary. The model begins pricing off at a comparatively steep $55,150. Leasing offers begin at $409 per thirty days for the bottom 2024 mode, however you will get a 2023 Premium trim for $399 a month.

2023 Ford F-150 Lightning Platinum

$12,500 Lease Cash-back

Ford is presently offering a whopping $12,500 cashback bonus on all F-150 Lightning Platinum fashions. The remainder of the vary advantages from a $7,500 cash-back incentive, aside from the XLT, which will get a $2,500 rebate. These reductions are in impact till July 8, 2024. Additional incentives embrace a 1.9 % APR for 36 months on all trims, in addition to a 7.9 % APR for 84 months. These bonuses apply to the 2023 mannequin 12 months F-150 Lightning mannequin years, which bear virtually no variations to the 2024 mannequin 12 months.

Performance Specifications

(Data sourced from Ford)

The F-150 Lightning Platinum trim sits at the higher end of the EV truck’s lineup, with costs beginning at $84,995 and leasing offers at $1,098 per thirty days. This excludes Ford’s steep $2,095 vacation spot price. The Platinum mannequin options Ford’s dual-motor configurator, producing a mixed 580 horsepower and 775 pound-feet, which is sufficient to get it from 0-60 MPH in 4.0 seconds. Tests point out which you can easily cut this down to 3.8 seconds in best circumstances. The EV truck additionally achieves a formidable 10,000-pound towing capability and 300-mile EPA-estimated vary, because of the 131 kWh battery pack.

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Polestar 2 Dual Motor

$7,500 Cash-back

All 2024 Polestar 2 dual-motor purchases take pleasure in a $7,500 cash-back bonus until the end of April 2024. Single-motor fashions profit from a diminished $2,100 cash-back incentive. All fashions function a 6.49 % APR for 72 months. Leasing charges begin at $349 per thirty days for 27 months through the Polestar Clean Vehicle Incentive and $399 per thirty days over 24 months for the Polestar Flexible Lease Program. Without the reductions, the Polestar 2 vary begins at $49,900 for the entry-level spinoff, excluding the $1,400 vacation spot price.

Performance Specifications

(Data sourced from Polestar)

Polestar affords the dual-motor 2 with a choice of two horsepower outputs. The Performance spinoff produces 455 horsepower and 546 pound-feet, affording it a 4.0-second claimed 0-60 MPH time. The much less highly effective 421 horsepower state-of-tune completes this dash in 4.3 seconds. The Polestar 2 options the model’s older 78 kWh battery, with 75 kWh of usable vitality, leading to a 247- to 276-mile EPA estimated vary determine, relying in your desired trim. These offers do not apply to the exclusive BST trims, as these are technically fully completely different mannequin strains.

Hyundai Ioniq 5

$7,500 Lease Cash-back

For the month of April, Hyundai points all Ioniq 5 leases with a $7,500 cash-back bonus. Additional offers embrace 0 % APR financing for 60 months, a $213 per thirty days lease fee for the bottom SE trim, and $229 for a similar lease for the SEL over a 24-month interval. The flagship Limited prices $489 a month for 36 months. The Hyundai Ioniq 5 vary begins at $41,800 for the bottom SE Standard Range, excluding the model’s $1,375 vacation spot cost.

Performance Specifications

(Data sourced from Hyundai)

Hyundai offers the Ioniq 5 with a broad variety of powertrains. The entry-level mannequin contains a single permanent-magnet electrical motor driving the rear wheels with 168 horsepower. The smaller 58 kWh battery means it solely covers 220 miles on a single cost. The prolonged 77.4 kWh battery will increase output to 225 horsepower and its vary to 303 miles. The dual-motor mannequin options the identical battery, however the further drive unit will increase energy to 320 horsepower, however the vary decreases to 260 miles.

Lucid Air

$5,000 Cash-back

Even with a money again bonus, the Lucid Air stays an costly electrical automotive, however we won’t deny that April’s $5,000 on-site vehicle bonus for all trims presently on vendor flooring is a aggressive deal. If you are an LA resident, you’ll be able to earn again as a lot as $15,000. Leasing for the Air begins at $649 per thirty days for 18 months. These fashions are additionally topic to a 2.99 % APR as much as 72 months. The Air vary begins at $69,900, however works all the way in which as much as slightly below $250,000 for the Sapphire.

Performance Specifications

(Data sourced from Lucid)

There are a number of Lucid Air variants obtainable on the market. The Pure is a single-motor rear-wheel drive choice, producing a modest 430 horsepower and 406 pound-feet of torque, leading to a 4.5-second 0-60 MPH time and 124 MPH prime pace. The Sapphire is the best Lucid has to offer. This contains a assortment of three electrical motors to generate 1,234 horsepower and 1,430 pound-feet, which you should utilize to dash from 0-60 MPH in a class-leading 1.89 seconds. Top pace is capped at a really beneficiant 205 MPH. If you need one of the best vary, you may have to get the Grand Touring, which makes use of a 112 kWh battery pack to cowl 516 miles.

Hyundai Kona EV

Lease For $169 Per Month Over 24 Months

The Hyundai Kona electrical vary advantages from the identical $7,500 saving because the aforementioned Ioniq 5, however you additionally get entry to a 0.99 percent APR deal for 48 months and a $169 per thirty days lease deal for twenty-four months for the bottom SE. The SEL prices $199 per thirty days, whereas the Limited advantages from a $242 fee per thirty days over the identical interval. The Kona Electric vary begins at $32,675, excluding Hyundai’s $1,375 vacation spot price. These offers are legitimate till the tip of April.

Performance Specifications

(Data sourced from Hyundai)

The Kona Electric is a recently refreshed but simpler EV option, that includes a single front-mounted electrical motor producing 201 horsepower and 118 pound-feet. A 68 kWh battery pack offers sufficient vitality to cowl the crossover for an EPA-estimated 261 miles on a single cost. This shouldn’t be a automotive aimed toward pace freaks, because the modest EV solely breaks the 0-60 MPH dash in 6.8 seconds till it hits its 107 MPH prime pace.

Toyota bZ4X

Lease For $139 Per Month Over 36 Months

The 2023 Toyota bZ4X XLE benefits from an amazing $139 per month leasing deal over 36 months. The Limited trim is barely marginally greater, at $179 a month. You also can go for a $17,750 cash-back rebate for each automobiles and a 0 % APR deal over 72 months. Those trying on the 2024 mannequin can contemplate a $16,250 cash-back deal on all trims, in addition to the 0 % APR configuration. For bZ4X vary begins at $43,070 earlier than the $1,350 vacation spot price.

Performance Specifications

(Data sourced from Toyota)

Toyota affords the bZ4X with a single front-wheel drive or dual-motor all-wheel drive for each XLE and Limited trims. The former produces 201 horsepower, affording it a 7.1-second 0-60 MPH time, whereas the latter generates 214 horsepower, which will get it from 0-60 MPH in 6.5 seconds. Toyota matches each fashions with its 71.4 kWh battery pack, which grants the front-wheel drive mannequin a 252-mile EPA vary estimate. The dual-motor covers 228 miles on a single cost.

Hyundai Ioniq 6

Lease For $249 Per Month Over 24 Months

The Kia EV6 Light Long Range rear-wheel drive is presently on provide for $249 per thirty days over 24 months. If you need the all-wheel drive, you may have to extend your funds to $299. This lease covers a 24-month time period, however you’ll be able to lengthen the all-wheel drive mannequin’s lease to 36 months. Both of those leases profit from the identical $7,500 low cost because the Hyundai Ioniq 5. The EV6 is a dearer choice in its section, with its $47,945 beginning value, excluding the $1,375 vacation spot price.

Performance Specifications

(Data sourced from Kia)

The EV6 Light trim features a single rear-mounted electric motor, producing 168 horsepower, leading to a formidable 7.4-second 0-60 MPH acceleration time. The 58 kWh battery is sufficient to carry it for a formidable 232 miles, whereas the system returns a 117 MPGe vitality estimate on the EPA’s mixed cycle. Opting for the all-wheel drive mannequin will increase energy to 320 horsepower, which cuts the 0-60 MPH time down to five.1 seconds. The larger battery additionally will increase the vary estimate to 282 miles.

Subaru Solterra

Lease For $329 Per Month Over 36 Months

If you need one thing a bit extra unique than the Toyota bZ4X, you’ll be able to contemplate the Solterra. Subaru offers this EV for $329 a month or with 0 % APR over 72 months with no down cost. These specials are legitimate for all trim choices, which begin at $44,995 earlier than the model’s $1,345 vacation spot cost. This deal is not nearly as good as Toyota’s deal for the 2023 mannequin, but it surely’s value noting that the Solterra only comes in dual-motor all-wheel drive guise with barely higher customary options.

Performance Specifications

(Data sourced from Subaru)

The dual-motor all-wheel drive setup is similar to the bZ4X, which means it produces a mixed 214 horsepower and 249 pound-feet, leading to a 6.4-second 0-60 MPH claimed time and restricted 110 MPH prime pace. The Solterra makes use of a 71.4 kWh battery pack which drives the automotive for 227 miles on a a single cost in base kind. Higher trim fashions are struck with a barely worse 222-mile vary estimate due to the larger wheel choice.

Volkswagen ID.4

Lease For $379 Per Month Over 36 Months

The Volkswagen ID.4 is without doubt one of the highest-selling electrical automobiles within the nation, however it’s nonetheless providing a comprehensive deal on dual-motor Pro models for this month. The 2023 AWD Pro S is topic to a $379 per thirty days lease for 36 months with a $12,000 cash-back bonus. If you desire a 2024 Pro S Plus, you should purchase one at 3.9 % APR with a $5,500 cash-back bonus. There’s additionally a $13,000 cash-back lease bonus on the 2023 Pro S Plus fashions. If you go for the 2023 mannequin, you may should make do with the older battery and diminished energy output, but it surely’s nonetheless sufficient to behave as a reliable EV.

Performance Specifications

(Data sourced from Volkswagen)

All dual-motor all-wheel drive ID.4s come standard with a 330-horsepower and 402-pound-feet mixed output, leading to a claimed 4.9-second 0-60 MPH time and 115 MPH restricted prime pace. The facelifted mannequin options the model’s 77 kWh lithium-ion battery pack, which covers an estimated 263 miles on a single cost. The rear-wheel drive Pro returns a barely higher 291-mile vary estimate. The ID.4 vary begins at $39,735 for the entry-level Standard trim, excluding the model’s $1,425 vacation spot price. The all-wheel drive Pro vary begins at $48,775.