May Is Packed With EV Deals—But Time Might Be Running Out
If you’ve been thinking about going electric, May 2025 might be your golden opportunity. EV makers are rolling out some of the biggest lease and finance offers we’ve seen all year. A combination of rising inventories, growing competition, and still-active federal tax credits has created a rare moment for bargain hunters.
But there’s a twist: no one knows how long these incentives will last. With the Trump administration re-evaluating EV policies, experts suggest locking in a deal now—before things shift. Jessica Caldwell of Edmunds says, “Buying sooner rather than later may be the best way to avoid potential price hikes.”
Why Leasing May Be the Smarter Move
Here’s the trick: leasing an EV gets you access to the full $7,500 federal tax credit—even if the car doesn’t meet sourcing requirements for purchase. That’s because the credit goes to the leasing company, which typically applies it toward your monthly payment.
This means popular imported EVs like the Hyundai Ioniq 6 or Polestar 3, which don’t qualify for the credit when purchased, can still become very affordable when leased. It’s a smart workaround that makes luxury and tech-filled EVs far more attainable.
May’s Top Deals You Shouldn’t Miss
Here are a few highlights:
- Tesla Model 3: $349/month lease, $0 down
- Kia Niro EV: Just $129/month for 24 months
- Hyundai Ioniq 6: Lease from $169/month
- Chevy Equinox EV: $289/month for 24 months
- Polestar 3: Up to $20,000 off with Tesla trade-in + lease credit
Many automakers are also offering 0% APR, employee pricing, and conquest bonuses if you’re switching from another brand.
Don’t Wait—Inventory and Incentives Are Aligned
These deals won’t last forever. Tax rules may change, inventory could tighten, and rates might rise. If you’ve been eyeing an EV, May 2025 might be the sweet spot to plug in and save big.
