If you want a great deal on an EV, we recommend making a move before the tax credits disappear.
Electric vehicle lease and finance deals have come a long way. With an influx of affordable models and rising inventories, there are plenty of great options. If you're in the market for a fully electric model or a plug-in hybrid this summer, chances are you’ll find a deal that fits your taste and budget.
But you should make your move fast because the federal tax credits, which enabled automakers to offer attractive lease and financing offers, are ending on September 30. If you need some buying advice, click here to see our comprehensive guide to the best EVs for sale in 2025.
The Trump administration passed its One Big Beautiful Bill which eliminates the tax credits even sooner than initially proposed. That's why experts say right now is the best time to snatch an existing deal and drive home an EV or a PHEV if you've been on the fence.
Even though the expiration date of the tax credits is now set, July 2025 still has some discounts, bonuses, cash-back incentives and conquest deals, where switching from a rival brand can mean even bigger savings.
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But not every July 2025 EV lease or finance deal is equally appealing. We've still included all of them for comparison anyway, and we'll keep updating this list as long as the special offers continue to exist. You will find the original source links for each brand at the top of every section.
Note that the deals vary substantially by region. Most prices here use a New York City zip code, so you could find cheaper deals elsewhere. If you find a model near you, we recommend checking your local dealer's website for the most accurate pricing. Visit multiple dealers to get the best quote in your area.
Photo by: Patrick George
New EV Deals In July 2025
With the end of the federal clean vehicle credit now in sight, automakers are trying to benefit from the program as much as they can.
Tesla has a full list of discounts available for all its models. All Teslas now get one free month of the Full-Self Driving advanced driver assistance system (ADAS) software. Affordable leases are available on both the Model 3 and Model Y. The Model 3 and the Cybertruck also have 0% APR if you purchase FSD. Several other Tesla offers are available, check our detailed list below.
Ford has great offers on the Mustang Mach-E this month, with no downpayment on leasing and 0% APR financing on dealer inventory. BMW is throwing plenty of cash towards the its electric sedans. Discounts worth $5,000 are available on the purchase of the i4 and $7,500 for the i7.
There are also some new additions to our list this month, including the Hyundai Ioniq 9, Audi A6 e-tron, Cadillac Escalade IQ and the Dodge Charger Daytona.
Offers on plug-in hybrids also continue to stand out. Some fine examples include the Mazda CX-90 PHEV which you can lease for just $159 per month for 24 months with $6,739 due at signing. The Ford Escape PHEV can be leased with no downpayment or with 0% APR financing.
That said, some of the strongest EV offers are still in place.
Lucid and Polestar are continuing to offer aggressive discounts to Tesla owners and also to those looking to switch from other brands. The most attractive lease deals are still on the Kia Niro EV, Hyundai Ioniq 5 and Ioniq 6, Nissan Ariya, Toyota bZ4x, Tesla Model 3 and Chevy Equinox EV among others.
As a reminder, all of the deals below are subject to dealer participation.
Also a note on tax credits. When you lease a new car, the tax credit goes to the lender and is often applied against the lease to offer the buyer a discount. The tax credit also applies to all EVs regardless of where the car and its battery materials come from if you lease, which isn't true if you buy.
That means leasing can be the smart move on cars like the Ioniq 6, which doesn't get the credit if you buy it outright because it's manufactured in South Korea. Just be sure to go over all the details related to the tax credit before signing any paperwork.
Remember that if you choose to lease instead of buy, you won't have to worry about whether or not your personal tax situation allows you to take advantage of the credit. Also, note that the best deals also typically apply to individuals with excellent credit ratings.
Moreover, the best manufacturer-sponsored incentives are often reserved for returning lessees or people who currently drive competitor products. Be sure to bookmark this page and check back often as we update deals on a rolling basis.
