Electric vehicle leasing is the cheapest option for new car buyers

Leasing an electric vehicle is currently the most affordable option for new car buyers in the United States, offering potential savings of up to $500 per month and $6,000 per year compared to gasoline-powered alternatives.

• Leasing an electric vehicle is the most affordable way to acquire a new car in the United States due to a combination of falling lease prices, federal tax incentives, rising interest rates, and lower operating and maintenance costs.
• A cost evaluation of 14 comparable electric and internal combustion engine models shows that leasing an EV can be up to $500 cheaper per month and up to $6,000 cheaper per year than buying or leasing a gasoline vehicle.
• For buyers who prefer ownership over leasing, many EV models in various states remain more affordable on a monthly financing basis than equivalent gasoline vehicles.

APA

Admin, V. D. (2023). Electric vehicle leasing is the cheapest option for new car buyers. Energy Innovation. https://energyinnovation.org/report/electric-vehicle-leasing-is-the-cheapest-option-for-new-car-buyers/

Chicago

Admin, Visceral Dev. Electric vehicle leasing is the cheapest option for new car buyers. Energy Innovation, 2023. https://energyinnovation.org/report/electric-vehicle-leasing-is-the-cheapest-option-for-new-car-buyers/.

Wikipedia

{{cite report |last1=Admin |first1=Visceral Dev |title=Electric vehicle leasing is the cheapest option for new car buyers |publisher=Energy Innovation |date=22 August 2023 |url=https://energyinnovation.org/report/electric-vehicle-leasing-is-the-cheapest-option-for-new-car-buyers/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{admin2023electric, author = {Admin, Visceral Dev}, title = {{Electric vehicle leasing is the cheapest option for new car buyers}}, institution = {Energy Innovation}, year = {2023}, month = aug, url = {https://energyinnovation.org/report/electric-vehicle-leasing-is-the-cheapest-option-for-new-car-buyers/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }