The EV Tax Credit Ended. The EV Deals Are Still Going Strong–For Now

The $7,500 federal tax credit for new electric vehicles is no more, but that doesn’t mean all EVs suddenly became more expensive. With the federal incentive out of the picture, many automakers have come up with all sorts of discounts and financing options to keep customers interested.

One brand offers as much as $50,000 off the price of a new EV, with another slashing $18,000 off the cost of one of its electric models. Others have stackable discounts that amount to more than what the federal tax credit was worth, while some can only cut $2,000 off the MSRP.

I’ve combed through all the latest offers to come up with a comprehensive list of all the manufacturer incentives currently available for new EVs in the United States. Before you dig deep, keep in mind that most of these offers will disappear at the end of October. So, if you’re in the market for a new electric car, the time is ticking fast until these incentives disappear.

And make sure to check our usual monthly deal list for updates. The next one drops in early November.

BMW

• $7,500 lease credit on all new EVs until Oct. 31

Cadillac

• Up to $2,000 cash bonus until Nov. 3 on certain EVs

Chevrolet

• Up to $3,500 cash bonus until Nov. 3 on certain EVs

Dodge

• $7,750 discount until Nov. 3 on the Charger Daytona.

Ford

• Up to $7,500 off a lease if you want a discount instead of a free home charger or public charging credits, until Jan. 5, 2026.
• 0% APR financing for 72 months
• $465 per month lease for 36 months with a $465 down payment for the XLT version.

• Up to $8,250 off a lease for an inventory vehicle if you choose a discount instead of a free home charger, until Jan. 5, 2026.

Genesis

• Genesis GV60: $7,250 lease credit for vehicles delivered by Oct. 31; 0% APR financing for 60 months, until Nov. 3.

Honda

• Honda Prologue: $5,000 in lease bonus cash and $8,250 in Honda lease cash until Nov. 11; 0% APR financing with $0 down for 60 months, until Nov. 3.

Hyundai

• Hyundai Ioniq 5: the list price was reduced by as much as $9,800, and you can lease one for as low as $189/month.
• Hyundai Ioniq 6: up to $8,500 bonus cash until Nov. 2.

Kia

• Kia EV6 and EV9: $9,000 customer cash, 0% APR financing, until Nov. 3.
• Kia Niro EV: $8,500 customer cash, 0% APR financing, leasing from $169 per month; offers valid until Nov. 3

Lucid

• Lucid Air – $7,500 off for inventory cars, with an additional $1,000 if you already own a Lucid, and $2,000 extra if you own a car from a competing brand. Offers valid until Oct. 31.

Maserati

• Maserati Granturismo Folgore and GranCabrio Folgore: $50,000 off when leasing, until Oct. 31.
• Maserati Grecale Folgore: $25,000 off when leasing, until Oct. 31.

Polestar

• Polestar 3: $18,000 Polestar Clean Vehicle Incentive on new leases, until Nov. 2.

Rivian

• Rivian R1S and R1T: up to $6,500 off when leasing select vehicles; 1.99% APR financing, until Oct. 31.

Toyota

• Toyota bZ: $5,000 customer cash, until Nov. 3.

Volvo

• $7,500 lease credit on select inventory EVs, until Oct. 31