Best EV, Plug-In, and Hybrid Leases & Deals: September 2022

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Managing Editor

As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

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, Managing Editor - September 12, 2022

We found the best EV lease deals in September, plus plug-in rebates and hybrid car deals worth knowing about. Despite having high prices on paper, manufacturer incentives can make EV lease prices substantially more affordable than traditional gas-guzzling vehicles.

Recent changes to a government tax credit have resulted in higher prices on a wide range of EVs and plug-ins. In some cases, this could make some vehicles exceptionally bad to lease compared to other models. Here's our roundup of the best deals in September.

Best EV Leases & Deals

2022 Nissan LEAF
  • Best Deal: $7,500 Tax Credit
  • MSRP: $34,495
  • Fuel Economy: 120 MPGe
  • EV Range: 247 miles

What's Hot: The 2023 Nissan LEAF remains one of the few EVs still eligible for a $7,500 tax credit. In addition, Nissan is offering those looking to buy one 1.9% APR financing for up to 72 months. With the full tax credit, LEAF prices can dip close to $20,000 for those who are eligible.

Worth Knowing: Even though the LEAF qualifies for the full tax credit, Nissan is only offering up to $950 in lease cash in places like California, with less in other parts of the U.S. This will probably make the LEAF better to buy than to lease for most EV shoppers. Get Customized LEAF Pricing »

2022 Chevy Bolt EUV
  • Best Deal: $6,300 Rebate
  • MSRP: $34,495
  • Fuel Economy: 120 MPGe
  • EV Range: 247 miles

What's Hot: A whopping $6,300 rebate continues on the 2022 Chevy Bolt EUV. Bolt owners & lessees may also qualify for a $3,750 loyalty discount for even more savings. In San Francisco, Bolt EUV lease deals start at $239 per month with $2,579 due at signing, an unbeatable bargain for qualified lessees.

Worth Knowing: Prefer a hatchback with more range? The 2022 Bolt EV offers a $5,900 cash incentive. These rebates were introduced because 2023 Bolts will see significant price cuts to help make them more competitive. Get Customized Bolt EV Pricing »

2023 Ford Mustang Mach-E GT
  • Best Deal: $2,000 Ford Options Bonus
  • MSRP: From $48,195
  • Fuel Economy: Up to 103 MPGe
  • EV Range: Up to 290 miles

What's Hot: Ford is offering up to a $2,000 incentive when taking advantage of a lease-like program called Ford Options Plan. All versions of the 2023 Mach-E are eligible, and this represents the only Mach-E rebate you can get from the factory. Note that the Mach-E is also eligible for a full $7,500 tax credit.

Worth Knowing: This is a regional incentive available in places like California, New York, and discounts elsewhere can be as small as $500. The latest version of the popular EV has up to a 24-week wait and suffers from big price increases compared to last year's model. Get Customized Mach-E Pricing »

2022 Toyota Mirai
  • Best Deal: Up To $25,000 Off
  • MSRP: $50,455
  • Fuel Economy: 74 MPGe
  • EV Range: 402 miles

What's Hot: The 2022 Toyota Mirai is a fuel-cell electric vehicle (FCEV) with one of the largest discounts on any car. Here in Southern California, the Mirai Limited offers a whopping $25,000 discount. What's more, you can combine the offer with 0% APR for 72 months through Toyota Financial.

Worth Knowing: The hydrogen-powered Mirai continues to only be sold in California, and incentives vary depending on the configuration. For example, the entry-level Mirai XLE trim generally offers a smaller discount worth $17,000. Get Customized Mirai Pricing »

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Best Plug-In Hybrid (PHEV) Leases & Deals

2022 Jeep Grand Cherokee 4xe
  • Best Deal: $7,500 Lease Cash
  • MSRP: From $57,660
  • Fuel Economy: 56 MPGe
  • EV Range: 26 miles

What's Hot: The 2022 Jeep Grand Cherokee 4xe doesn't come cheap, but leasing one can get you access to $7,500 in manufacturer lease cash. That's because Chrysler Capital is passing along the full value of the federal tax credit. This isn't the case with every automaker, making this a great PHEV deal.

Worth Knowing: Even though the Grand Cherokee is a plug-in hybrid, it has an EV range of just 26 miles. Still, we think the SUV could be worth a look considering it's based on the redesigned Grand Cherokee WL and boasts a very upscale look and feel. Get Customized Grand Cherokee Pricing »

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Best Hybrid Leases & Deals

2022 Ford Escape
  • Best Deal: 0% APR for 60 months
  • MSRP: From $31,660
  • Fuel Economy: 41 MPG

What's Hot: Great deals on hybrids are almost impossible to find. That's why we think the 2022 Ford Escape Hybrid is a remarkable value with 0% APR for 60 months. To put that into perspective, the best deal on the Toyota RAV4 Hybrid is 3.49% APR for the same loan across much of the U.S.

Worth Knowing: Escape deals vary by region and we tend to find that this model isn't stocked in large numbers. The examples here are based on offers in California, but we recommend checking with local dealers to inquire about inventory near you. Get Customized Escape Hybrid Pricing »

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All EV Lease Deals

Effective Cost Model Monthly Payment Term Due at Signing Region Customize Offer
$286 2022 Chevrolet Bolt EV 1LT (Current Bolt Lessees, San Francisco) $219 36 $2,429 San Francisco Customize Offer
$307 2022 Chevrolet Bolt EV 1LT (Current Bolt Lessees) $219 36 $3,179 National Customize Offer
$311 2022 Chevrolet Bolt EUV 2LT (Current Bolt Lessees, San Francisco) $239 36 $2,579 San Francisco Customize Offer
$331 2022 Chevrolet Bolt EUV 2LT (Current Bolt Lessees) $239 36 $3,319 National Customize Offer
$410 2023 Hyundai Kona SE Electric $299 36 $3,999 Southern California Customize Offer
$448 2023 Nissan LEAF SL Plus 62kWh $389 36 $2,139 Los Angeles Customize Offer
$657 2022 Tesla Model 3 Standard Range with RWD (Estimated) $499 36 $5,694 National Customize Offer
$685 2023 Hyundai IONIQ 5 SE Standard Range EV (Balloon Financing) $600 36 $3,077 Southern California Customize Offer
$695 2022 Hyundai IONIQ 5 SE Standard Range EV (Balloon Financing) $610 36 $3,059 Southern California Customize Offer
$760 2022 Kia EV6 Wind 77.4 kWh EV $649 36 $3,999 National Customize Offer
$797 2023 Subaru Solterra Premium EV $725 36 $2,590 Los Angeles Customize Offer
$830 2022 Toyota Mirai XLE Hydrogen FCEV $719 36 $3,999 Southern California Customize Offer
$853 2023 Toyota bZ4X XLE EV (Estimated) $758 36 $3,408 Southern California Customize Offer
$892 2022 Kia EV6 Wind 77.4 kWh EV (Balloon Financing) $892 36 $0 Southern California Customize Offer
$894 2023 Ford Mustang Mach-E Select Standard Range EV $764 36 $4,690 California Customize Offer
$936 2022 Volvo XC40 Recharge Plus EV $815 36 $4,355 Los Angeles Customize Offer
$939 2023 Volvo XC40 Recharge Twin Core AWD EV $819 36 $4,319 Los Angeles Customize Offer
$955 2022 Tesla Model Y Long Range Dual-Motor with AWD (Estimated) $789 36 $5,984 National Customize Offer
$1,039 2023 Genesis GV60 Advanced EV (Balloon Financing) $879 36 $5,750 CA, NY, NJ, CT Customize Offer
$1,146 2023 Genesis G80 AWD EV $979 36 $5,999 National Customize Offer
$1,303 2022 GMC HUMMER EV Edition 1 eAWD $1,099 36 $7,339 National Customize Offer
$1,748 2022 Tesla Model S Dual-Motor with AWD (Estimated) $1,479 36 $9,674 National Customize Offer
$2,005 2022 Tesla Model X Dual-Motor with AWD (Estimated) $1,729 36 $9,924 National Customize Offer

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All Plug-In Hybrid (PHEV) Lease Deals

Effective Cost Model Monthly Payment Term Due at Signing Region Customize Offer
$561 2022 Toyota Prius Prime LE Plug-In Hybrid $474 36 $3,124 Southern California Customize Offer
$562 2023 Kia Sportage Plug-In Hybrid AWD $459 36 $3,699 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$590 2022 Kia Sorento SX AWD Plug-In Hybrid $479 36 $3,999 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$645 2022 Jeep Wrangler Unlimited Sahara 4xe 4dr PHEV with Pkg 29P $535 36 $3,965 California Customize Offer
$768 2022 Toyota RAV4 Prime SE Plug-In Hybrid (Estimated) $676 36 $3,326 Southern California Customize Offer
$905 2022 Volvo XC60 Recharge Inscription Expression AWD $779 36 $4,529 Los Angeles Customize Offer
$1,067 2022 Volvo XC90 Recharge Inscription Expression AWD $919 36 $5,319 Los Angeles Customize Offer
$1,139 2023 Volvo XC90 Recharge T8 Core EAWD $989 36 $5,389 Los Angeles Customize Offer

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All Hybrid Lease Deals

Effective Cost Model Monthly Payment Term Due at Signing Region Customize Offer
$392 2022 Toyota Corolla Hybrid LE Sedan $309 36 $2,999 Southern California Customize Offer
$421 2022 Honda Accord Hybrid CVT $299 36 $4,399 California & Select States Customize Offer
$426 2022 Honda CR-V Hybrid EX CVT (hybrid) $309 36 $4,199 California & Select States Customize Offer
$426 2023 Kia Sportage Hybrid AWD $329 36 $3,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$432 2022 Toyota Prius LE Hybrid $349 36 $2,999 Southern California Customize Offer
$462 2023 Toyota Camry Hybrid LE $379 36 $2,999 Southern California Customize Offer
$467 2023 Hyundai Tucson Blue Hybrid $356 36 $3,999 Southern California Customize Offer
$472 2022 Toyota RAV4 Hybrid LE AWD $389 36 $2,999 Southern California Customize Offer
$482 2022 Toyota Venza LE Hybrid $399 36 $2,999 Southern California Customize Offer
$486 2022 Kia Sorento S FWD Hybrid $389 36 $3,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$515 2022 Honda Insight EX E-CVT (Estimated) $485 36 $1,080 California & Select States Customize Offer
$536 2023 Kia Sorento EX Hybrid $439 36 $3,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$592 2022 Toyota Highlander Hybrid LE $509 36 $2,999 Southern California Customize Offer
$592 2022 Toyota Sienna LE Hybrid 8-Passenger Minivan $509 36 $2,999 Southern California Customize Offer
$636 2022 Chrysler Pacifica Hybrid Touring L $535 39 $3,950 California Customize Offer
$672 2022 Lexus ES ES 300h Hybrid $539 30 $3,999 Eastern States Customize Offer
$762 2022 Lexus RX RX 450h Hybrid $629 30 $3,999 Eastern States Customize Offer
$794 2022 Toyota Avalon Hybrid XLE (Estimated) $701 36 $3,351 Southern California Customize Offer
$887 2022 Toyota Tundra Hybrid Limited i-FORCE MAX 4x2 CrewMax (Estimated) $791 36 $3,441 Southern California Customize Offer

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EV Tax Credits

2022 Volkswagen ID.4

EVs and plug-in hybrids may be eligible for a $7,500 federal tax credit, though recent changes as a result of the Inflation Reduction Act have had a dramatic effect on prices. That's because of a new final assembly requirement that limits the tax credit to vehicles assembled in the United States after August 16, 2022.

As a qualified EV buyer, you may be able to claim the full tax credit. However, on a lease, the lender holds the title and therefore gets the tax credit. Some brands pass along the tax credit as lease cash. Others do not, potentially making some EVs and plug-in hybrids better to lease than others.

We recommend consulting with a tax professional to determine your eligibility. In some cases, EV leases may not offer the same advantage as buying one in 2022.

Learn More About The EV Tax Credit

State Plug-In Rebates

2023 Toyota bZ4X

A number of states offer plug-in rebates for qualifying vehicles. For example, the California Clean Vehicle Rebate Project, or CVRP rebate, also offers a $2,000 incentive after purchasing or leasing an eligible vehicle. Most EVs and plug-in hybrids are eligible, though there is now an MSRP cap that excludes Teslas and some higher-end vehicles.

The California Clean Fuel Reward also offers up to $750 in upfront savings on EVs and a smaller rebate on PHEVs based on battery size. For example, a Toyota bZ4X qualifies for a $750 Clean Fuel Reward, whereas the Toyota Prius Prime gets just $450. Teslas remain eligible for this rebate, which has no MSRP cap at the time of this writing.

Free HOV Lane Access

2022 Toyota Prius Prime

Depending on where you live, there may be a big benefit for commuters looking to buy an EV. In California, Clean Air Vehicle Decals issued by the Department of Motor Vehicles can get eligible drivers free use of High Occupancy Vehicle (HOV) lanes. Carpool lane access could help shave time off your commute.

The CAV decal program does have some tradeoffs, however. For example, rules implemented back in 2018 no longer allow buyers to also take advantage of the Clean Vehicle Rebate (CVRP) unless they meet special income requirements. The California DMV has an informative FAQ page outlining the requirements.

Free EV Parking Incentives

2022 Tesla Model 3 sedan

In some parts of the country, EV owners may have special privileges compared to regular internal combustion vehicles.

For example, the city of Santa Monica, California says "properly displayed Clean Air Vehicle decals & ZEV decals allow you to park at any on-street, metered parking space in Santa Monica without charge for the maximum amount of time allowed by that meter."

The decals are issued by the California Department of Motor Vehicles.

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, Managing Editor

As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

Follow On: Twitter

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