The Best EV Deals This Month
If you're considering buying or leasing a new electric vehicle this month, here are some options.
Ford
Spring has sprung, and for those in the market for a new electric vehicle there are plenty of great deals to be had. Here's a look at some of the best financing and cash-back offers on new EVs for April.
For consistency, Capital One sought out currently advertised offers using a Southern California ZIP code. Terms and offers are for qualified shoppers.
2023 Ford F-150 Lightning XLT
$7,500 Bonus Cash
Ford has cut back production of its ambitious F-150 lightning due to softening demand. Luckily for anyone interested in an electric truck, this means discounts.
Through May 1, F-150 Lightning buyers can score $7,500 in retail bonus cash on XLT Extended Range models, in addition to any federal EV tax credits.
Ford
2023 Ford Mustang Mach-E
0.0% APR for 72 Months Plus $3,000 Bonus Cash
Through May 1, those interested in a Mustang Mach-E can take advantage of 0.0% APR for 72 months plus an additional $3,000 in bonus cash on leftover 2023 models, of which there are still a number available. This is similar to last month's GT-specific Mach-E offer, although this month's incentive applies to the entire Mach-E range.
Hyundai
2024 Hyundai Ioniq 5
$7,500 Total Savings or 0.0% APR for up to 60 Months
Hyundai's boldly styled electric crossover is offered with two appealing incentives this month. Buyers looking to finance a 2024 Hyundai Ioniq 5 through Hyundai Motor Finance can do so at 0.0% APR for up to 60 months. Alternatively, buyers not financing through Hyundai can opt for $7,500 in total savings. Both offers apply to all Ioniq 5 trims and run through April 30.
Hyundai
2024 Hyundai Kona Electric
$7,500 Total Savings or 0.99% APR for up to 48 Months
As with the Ioniq 5, the recently redesigned Kona Electric comes with some appealing incentives this month. Buyers interested in the fully electric version of Hyundai's subcompact crossover can opt for either 0.99% APR for up to 48 months or $7,500 in total savings. As with the Ioniq 5, this offer applies to all Kona Electric trims and runs through the end of April.
Kia
2024 Kia EV9
$7,500 Customer Cash or 0.0% APR for 48 Months
Kia's head-turning new EV, the EV9 is a three-row family crossover in the vein of the popular Telluride. Despite the vehicle being all new, Kia is already offering buyers their choice of either $7,500 customer cash or 0.0% financing for 48 months. Both offers are available through April 30.
Kia
2024 Kia Niro EV
0.0% APR for 60 Months
Redesigned for 2023, the Niro is a compact crossover available as a hybrid, a plug-in hybrid, and a full EV. Through the end of the month, fully electric 2024 Niro EV models are offered with 0.0% financing for up to 60 months or $5,000 customer cash. Leftover 2023 models have the same financing offer for 72 months and come with $7,500 customer cash.
Nissan
2023 Nissan Ariya
0.0% APR for 72 Months
Think of the Ariya as a battery-powered, sleekly styled take on the Nissan Rogue, the popular gas-powered compact crossover. With 2023 Ariya models still on dealer lots, Nissan is incentivizing shoppers this month with 0.0% APR financing for up to 72 months. Current Nissan owners can score an additional $1,000 in loyalty cash.
Subaru
2024 Subaru Solterra
0.0% APR for 72 Months
Created in partnership with Toyota, the Subaru Solterra is a compact electric crossover that serves as the brand's first full EV. This month buyers can finance a Solterra through Subaru at 0.0% for 72 months. This month's offer applies to 2024 and 2023 models and lasts through April 30.
All vehicle pricing includes MSRP plus destination charges (set at the time of publication), and will be rounded to the nearest thousand.
Written by humans.
Edited by humans.
Chris O'NeillI am an auto-industry veteran and a current MBA candidate at the University of Utah. After moving to Utah in October 2015 and being fascinated by the unique car culture of the region, I started an Instagram project highlighting the rare and distinctive vehicles I see in the Mountain West region. I enjoy sharing with others my unique perspective and passion for all things automotive. In my free time, when I’m not thinking and writing about cars, I enjoy photography, toying with my 2011 Volkswagen GTI and 1999 Toyota Land Cruiser, and exploring Utah with my girlfriend and two dogs.
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