EV prices are falling and incentives are peaking — here’s where to get the best EV deals in July 2025 and why it matters before credits disappear.
What’s Driving These Red-Hot EV Deals?
Electric vehicle prices are dropping fast across the U.S., and buyers are seeing the biggest discounts of the year. According to Electrek, the average transaction price (ATP) for a new EV in June was $56,910 — a 3% drop from last year.
Even better? Incentives are at record highs:
Buyers saved an average of 14.8% off sticker price, or around $8,400, up from 12% just two months ago.
So, what’s causing this surge in deals?
⏳ Act Fast: EV Deals Incentives Are Set to Expire
Here’s the big headline:
The $7,500 federal EV tax credit ends on September 30, 2025.
With time running out, automakers are doubling down on deals to boost summer sales. According to Reuters, several brands have launched aggressive financing, leasing, and cashback offers to stay competitive.
Other contributing factors:
- Economic uncertainty and recent EV slowdowns.
- Anticipation of supply chain tariffs and material costs.
- Increased pressure to clear 2024 inventory ahead of fall launches.
🚗 Best EV Lease & Finance Deals — July 2025
We’ve rounded up the top U.S. deals currently available across major EV models:
| 🚘 Model | 📉 Deal | 📝 Details |
|---|---|---|
| VW ID.4 Pro RWD | $129/month for 24 months | $2,499 down; includes $9,250 lease cash |
| Hyundai IONIQ 5 | $149/month for 36 months | $3,999 down; ~$100/month lower than June |
| Hyundai IONIQ 6 | $169/month for 24 months | $3,999 down; includes $9,500 lease cash |
| Honda Prologue | $219/month or $4,800 one-pay | Effective $200/month; 0.99% APR and $8,000 lease cash |
| Subaru Solterra | $279/month for 36 months | $279 due at signing; down from $299/month |
| Tesla Model Y | $349/month for 24 months | Plus $7,500 lease incentive + $7,500 point-of-sale tax credit — Source |
Also notable:
- 0% financing offers are back on EVs like the Chevy Blazer EV, Ford F-150 Lightning, Toyota bZ4X, GMC Hummer EV, and more.
✅ Smart Tips Before You Buy
Here’s how to get the most out of the current EV deal wave:
- Time your purchase — Buy or lease before September 30, 2025, to claim the federal credit.
- Prefer leasing? Automakers can pass the full $7,500 tax credit directly to you through lease offers (Edmunds Guide).
- Compare total cost — Always factor in taxes, APR, down payment, and dealer fees.
- Check availability — Offers can vary by region and may run out as inventories shift.
- Explore used EVs — Many qualify for a $4,000 tax credit, especially if purchased through dealerships.
🔋 Why This Matters for a Greener Future
More EVs on the road means lower emissions and less dependence on fossil fuels. Modern EVs produce up to 73% fewer emissions than gas vehicles—even when battery production is included.
With financial incentives making EVs more accessible, there’s never been a better time to make the switch for your wallet and the planet.
We’re sure you care for the plant, so you may be interested in reading these 10 Easy Eco-Friendly Habits That Make a Big Difference
🌱 Final Word
If you’ve been holding out on buying an electric vehicle, this summer is your golden window. Between unprecedented lease incentives, 0% APR options, and the countdown to expiring federal credits, July 2025 is shaping up to be the best time to go electric.
Have questions or want help finding local EV deals?
Drop us a comment.