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

By

Automotive Contributor

Sean is an automotive enthusiast with a background in sports journalism. He is a graduate of California Lutheran University with a Bachelor of Science in Business.


, Automotive Contributor - November 7, 2022

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

Recent changes to the government EV tax credit have resulted in higher prices on a wide range of EVs and plug-ins. This could make some vehicles a worse choice to lease compared to other models. Here's our roundup of the best EV lease deals and purchase offers in November.

We don't often see Black Friday deals for EVs since they tend to be heavily discounted already, so don't expect extra holiday savings unless otherwise specifically noted below.

Best EV Leases & Deals

2023 Nissan LEAF

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 full $7,500 tax credit. In addition, Nissan is offering those looking to buy one 2.69% APR financing for 72 months. With the full government tax credit, LEAF prices can dip close to $20,000 when looking at final costs.

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 none whatsoever in some parts of the U.S. This could make the LEAF better to buy than to lease for shoppers. Get Customized LEAF Pricing »

2022 Chevrolet Bolt EUV

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

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 that you can get from the factory. Note that the Mach-E is also eligible for a $7,500 tax credit. Although there's no Mach-E Black Friday deals at the moment, Ford will introduce Black Friday promotions on November 21 and Holiday Bonus Cash on December 1, so stay tuned for deal updates.

Worth Knowing: This is a regional incentive available in places like California, New York, and discounts elsewhere can be as small as $500. Note that Ford has stopped taking orders for the Mach-E Select base trim due to extremely high demand. Get Customized Mach-E Pricing »

2022 Toyota Mirai

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

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, which they will continue to do for the 2023 model as well. 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 Hybrid

2022 Ford Escape
  • Best Deal: 0% APR for 36 months
  • MSRP: From $31,660
  • Fuel Economy: 41 MPG

What's Hot: Ford is offering zero-interest financing on the 2022 Escape Hybrid, making this one of the only ways to score no interest on a hybrid this month. If you're unlikely to choose a 3-year loan, there are also 4-year and 5-year rates at 0.9% APR and 1.9% respectively. As mentioned with the Mach-E, we're still awaiting Ford's holiday deal announcements, so stay tuned for potential Black Friday savings.

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 Name Monthly Payment Term Due at Signing Region Customize Offer
$320 2022 Chevrolet Bolt EV 1LT (Current Bolt Lessees, San Francisco) $219 36 $3,639 San Francisco Customize Offer
$345 2022 Chevrolet Bolt EUV 2LT (Current Bolt Lessees, San Francisco) $239 36 $3,799 San Francisco Customize Offer
$365 2022 Chevrolet Bolt EUV 2LT (Current Bolt Lessees) $239 36 $4,549 National Customize Offer
$390 2023 Hyundai Kona SE Electric $279 36 $3,999 Southern California Customize Offer
$391 2022 Chevrolet Bolt EV 1LT (Current Bolt Lessees) $269 36 $4,389 National Customize Offer
$456 2023 Chevrolet Bolt EUV 2LT (GM/Non-GM Lessees) $319 36 $4,929 National Customize Offer
$469 2023 Nissan LEAF SL Plus 62kWh $409 36 $2,169 Los Angeles Customize Offer
$640 2023 Kia Niro Wind EV $529 36 $3,999 National Customize Offer
$760 2022 Kia EV6 Wind EV $649 36 $3,999 National Customize Offer
$785 2023 Subaru Solterra Premium EV $699 36 $3,079 Los Angeles Customize Offer
$786 2023 Hyundai IONIQ 5 SE Standard Range EV (Balloon Financing) $702 36 $3,026 Southern California Customize Offer
$810 2023 Kia EV6 Wind EV $699 36 $3,999 National Customize Offer
$850 2023 Hyundai IONIQ 5 SE Long Range EV (Balloon Financing) $768 36 $2,965 Southern California Customize Offer
$863 2023 Ford F-150 Lightning Pro SuperCrew 4x4 Standard Battery (Estimated) $706 39 $6,133 California Customize Offer
$872 2023 Toyota bZ4X XLE EV (Estimated) $777 36 $3,427 Southern California Customize Offer
$939 2023 Volvo XC40 Recharge Twin Core AWD EV $819 36 $4,319 CA, AZ, NV, HI 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 CA, NY, NJ, CT Customize Offer
$1,302 2023 Ford Mustang Mach-E Premium EV (Balloon Financing) $1,108 36 $6,990 California Customize Offer
$1,429 2022 GMC HUMMER EV Edition 1 eAWD $1,099 36 $11,889 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
$552 2023 Kia Niro EX Plug-In Hybrid $449 36 $3,699 National Customize Offer
$582 2023 Kia Sportage Plug-In Hybrid AWD $479 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 Toyota Prius Prime LE Plug-In Hybrid (Estimated) $502 36 $3,152 Southern California Customize Offer
$623 2023 Hyundai Tucson SEL Plug-In Hybrid $512 36 $3,999 Southern California Customize Offer
$685 2022 Jeep Wrangler Unlimited Sahara 4xe 4dr PHEV with Pkg 29P $574 36 $3,995 California Customize Offer
$710 2023 Kia Sorento SX-Prestige Plug-In Hybrid $599 36 $3,999 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$798 2022 Toyota RAV4 Prime SE Plug-In Hybrid (Estimated) $705 36 $3,355 Southern California Customize Offer
$801 2023 Toyota RAV4 Prime SE Plug-In Hybrid (Estimated) $708 36 $3,358 Southern California Customize Offer

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All Hybrid Lease Deals

Effective Cost Model Monthly Payment Term Due at Signing Region Customize Offer
$366 2023 Ford Maverick XLT Hybrid SuperCrew 300A (Estimated) $306 48 $2,901 California Customize Offer
$392 2022 Toyota Corolla Hybrid LE Sedan $309 36 $2,999 Southern California Customize Offer
$406 2023 Kia Niro LX Hybrid $309 36 $3,499 National Customize Offer
$422 2022 Honda Accord Hybrid Base CVT (Current Honda Lessees) $289 36 $4,799 California & Select States Customize Offer
$433 2022 Honda CR-V Hybrid EX CVT (Current Honda Lessees) $319 36 $4,099 California & Select States Customize Offer
$446 2023 Kia Sportage Hybrid AWD $349 36 $3,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$452 2022 Toyota Prius LE Hybrid $369 36 $2,999 Southern California Customize Offer
$489 2023 Hyundai Sonata SE Hybrid $397 36 $3,299 Southern California Customize Offer
$497 2023 Hyundai Tucson Blue Hybrid $386 36 $3,999 Southern California Customize Offer
$502 2023 Toyota Camry Hybrid LE (Estimated) $417 36 $3,067 Southern California Customize Offer
$509 2023 Toyota RAV4 Hybrid LE (Estimate) $430 39 $3,080 Southern California Customize Offer
$539 2022 Toyota RAV4 Hybrid LE (Estimate) $453 36 $3,103 Southern California Customize Offer
$546 2023 Kia Sorento EX Hybrid $449 36 $3,499 CA, CO, DE, FL, HI, IL, IN, ME, MI, MN, ND, NE, OH, PA, UT, VT, WI, WY Customize Offer
$563 2022 Toyota Venza LE Hybrid (Estimate) $476 36 $3,126 Southern California Customize Offer
$584 2023 Toyota Sienna LE Hybrid 8-Passenger Minivan (Estimated) $503 39 $3,153 Southern California Customize Offer
$692 2023 Lexus ES ES 300h $589 39 $3,999 Eastern States Customize Offer
$708 2022 Chrysler Pacifica Hybrid Touring L $586 39 $4,749 California Customize Offer
$770 2022 Lexus RX RX 450h Hybrid $659 36 $3,999 Eastern States Customize Offer
$932 2023 Toyota Tundra Hybrid Limited i-FORCE MAX 4x2 CrewMax (Estimate) $835 36 $3,485 Southern California Customize Offer
$941 2022 Toyota Tundra Hybrid Limited i-FORCE MAX 4x2 CrewMax (Estimate) $844 36 $3,494 Southern California Customize

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Government EV Tax Credit

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. Unfortunately, some car brands actually keep the tax credit rather than lower the price of their vehicles.

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.

How It Works: EV Tax Credit

Free State Plug-In Rebate Incentives

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 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 Prius Prime gets just $450. Teslas remain eligible. The Clean Fuel Reward was temporarily reduced to $0 due to funding limitations in September 2022.

Free HOV Lane Access For EVs

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 Parking For EVs

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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, Automotive Contributor

Sean is an automotive enthusiast with a background in sports journalism. He is a graduate of California Lutheran University with a Bachelor of Science in Business.


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