With all EV incentives basically going bye bye it got me thinking… Should I grab one now???
Currently wife has an 23 ioniq 5 that goes back in december. Depending on how these incentives play out over the next few months I was thinking it might not be a bad idea to start leasing a new EV now even though she has 5 months left.
thoughts?
Manufacturers won’t be able to move EV’s without some form of incentive. So even if (when) the Federal EV incentives go away, manufacturers will likely need to sweeten them in some fashion, either through incentives, subvented MF’s, inflated RV’s, or some combination of the 3. That said, if you see deals on an EV that you like now, it would be prudent to act sooner rather than later.
$7500 a lot to make up. but I feel you…
Unless you need a car now and manage to get a smoking deal on it, I wouldn’t rush to get a car now IMO.
5 months is a long time. Can you afford two car payments + insurance?
afford, sure… But is that the smart financial play? Only if 5x monthly is going to be + on the car in 5 months. .. 7500/5 is $1500/mo.
It is not. What other EV were you looking at?
Personally, I would wait. Unless you need two cars then that is just an unnecessary expense. There is always going to be another deal or hack based off what I learned from my time on this forum.
I just dont wanna get caught again like we did at the end of '22 where there were near zero incentives and we ended up leasing this ioniq5 for $4xx/month which is nuts because Im pretty sure now you can grab them for like $200ish/month. That was the best at the time.
Im afraid that end of 25 is going to be similar. Weird lul between costs rising and incentives not yet catching up
I think most brands will cut EV production to the minimum needed to meet whatever emission/fuel standard they need to hit (most brands have already reduced EV production) and the deals will not be that great in the future (obviously unicorns will exist but not easily available EV steals like it has been this year).
Coming out of Covid shortages with stimulus money still on economy is different than situation now. As long as you are flexible in terms of ICE/EV and make/model you will be ok.
If not, you still have till the end of September for EV lease incentives assuming the House GOP operate tonight in the same way they always do.
as someone who recently joined pricing/profitability for my company, incentives will always be everywhere
There’s always a deal on something(s).
Similar here - '23 Mach E looking for a '25 EV.
List is short:
Acura ZDX
Honda Prologue
Fantastic lease deals on them which is why I am looking this holiday weekend.
I saw a post on Reddit EV thread that Tesla without the incentives will be operating in the RED if sales are like 1st qtr 24. $7500 times the number of vehicles it sold is a big number. So I don’t know how much more they could dig out for discounts. Other manufacturers might be different but not by much.
Yah, I am afraid of what will happen when the $7500 disappears in Sept.
That’s why I am going for an EV lease to capture that before it goes away!
Without knowing your location (tax rate), trim and mileage terms your deal was for, there is no point in trying to compare deals that can be had today.
As for the $200/month deals you are referring to, those were probably for a shorter lease term or one of those Colorado deals (where there are additional state rebates).
What is going to happen when the $7500 incentive goes away. EV MSRPs are going to drop by a similar amount so people can still afford to buy them. Nobody is leasing a $50K EV with a 50% RV without a huge incentive to knock down the lease cost.
Honestly,I think carmakers will just stop production on grossly unprofitable models. To me that’s the Genesis(es) of EVs and maybe even the Ioniq 6. Much like how the Daytona Charger was nixed.
I’m also in the market for something new as my EV lease ends in 3-4 months.
Wait, is 7500 going away in September or end of the year ?
What I’m waiting to see will be how cheap you can get a used one in the coming years.
https://www.axios.com/2025/07/02/electric-vehicles-leases-tesla-ira
Depreciation is already hitting hard and there will be some deals to be found.