The new year is here now, and you’re likely cementing your resolutions for 2023. After all, besides singing “Auld Lang Sine” and sipping a glass of champagne, the New Year is just as synonymous with the need for a change. Why not make a real commitment to a more sustainable lifestyle for 2023?
There’s never been a better time to purchase an EV. Sure, there are factors to consider (like access to EV charging or home charging stations), but the latest line of EV cars is more affordable than ever. And, if you are buying an EV from a brand that manufactures in the United States, there’s a good chance your purchase will qualify for the $7,500 EV tax credit through the federal government (pro tip: you can look up specific EV tax credit eligibility here). EV manufacturers had a cap on eligibility once they sold 200,000 qualifying vehicles, but those limits reset at the new year — meaning even more EV models are eligible for the tax incentive.
The cost of an EV feels like a barrier for many consumers. After all, many Tesla models easily top $100,000. However, most of the latest EV models are not only more affordable but directly compete with the sticker price for traditional gas-powered vehicles. Plus, to boost end-of-year sales and take advantage of the holiday shopping season, EV manufacturers are rolling out some pretty electrifying deals.
If an electric vehicle was on your dream holiday shopping list, you’ll want to check out these offers for some of the country’s most popular EV models.
The Toyota Prius was the first widely released hybrid electric car, and the 2022 Toyota Prius Prime is one of the more budget-friendly options for a sustainable vehicle. The Prius Prime has a full, albeit limited EV mode, so when your charge runs low, your car runs instead as a hybrid. Right now, customers can get $500 in financing cash toward a 2022 Prius Prime. Combine that with the base model’s low MSRP ($28,770), and this plug-in hybrid is sure to raise some eyebrows.
The Nissan LEAF is a household name in the EV world. The sticker price for a 2023 LEAF is under $30k ($28,040), making this a truly affordable all-electric option. The Nissan LEAF is spacious, and the base model has a pretty impressive mileage range, too, reaching 150 miles per charge. In terms of end-of-year deals, Nissan is offering a leasing option of just $419 per month (with a little more than $2,000 due at signing). And if that wasn’t enough of an EV incentive, both the 2022 and 2023 models qualify for the U.S. tax credit.
The Chevy Bolt is one of the best-selling EV models in the United States, so it shouldn’t surprise you that the manufacturing sales cap for the U.S. tax credits has already been met for both the 2022 and 2023 models. Nonetheless, the folks at Chevy are tacking on some intriguing offers for the holiday season. If you can put $8,000 down at signing, your monthly lease payment for the 2022 Chevy Bolt EV could be as low as $219 per month (or $239 per month for the Chevy Bolt EUV). Chevrolet even covers the cost of your home charging outlet, including the permit and installation fees. This electric vehicle is not only super affordable, but the Bolt can reach more than 250 miles per charge.
Hyundai is rolling out a whole collection of EV models. In fact, the company has a quiz that customers can take to determine which model best fits their lifestyle and budget. The 2023 Hyundai Kona Electric is a subcompact SUV with a range of more than 250 miles per charge, making this a vehicle that truly adapts to any lifestyle. The base MSRP is already pretty low ($33,550), but Hyundai is ready to sweeten the pot this December. Customers can lease a new 2023 Kona Electric for only $269 per month ($3,999 is due at signing, but that is less than half of the upfront commitment for the Chevy Bolt). You can even qualify for 0% APR and no payments for the first 90 days. There’s even a $1,250 cash-back offer, though it expires on January 3, 2023. Unfortunately, Hyundai does not make the cut for the new round of U.S. tax incentives. But with deals like these, does it really matter?
Looking for something a little more fun yet still practical? The 2022 Jeep Wrangler 4xe is the first electric Open-Air SUV. Like the Prius Prime, the Jeep Wrangler 4xe has an all-electric option for short distances but then switches to a hybrid, so you won’t have any range anxiety on your next off-road adventure. Jeep lovers can lease the Wrangler 4xe for $530 per month (with about $5,000 down) with no payments for the first 90 days. And both the 2022 and 2023 models qualify for the $7,500 U.S. tax credit.
Even the folks at Tesla are feeling the holiday cheer. The 2022 Tesla Model 3 is an All-Wheel-Drive EV that gets more than 350 miles per charge. The sticker price for a 2022 Tesla Model 3 is around $60k, taking this electric vehicle out of the budget-friendly category. However, the leasing options are still pretty impressive; you can lease a Tesla Model 3 for just $499 per month (with $4,500 due at signing). Unsurprisingly, the 2022 and 2023 Tesla models have already hit their cap for U.S. tax incentives.
Whether you’re looking for a more affordable option, an off-road version, or one with an anxiety-free range, there are end-of-year deals for any EV brand. Get a head start on your New Year’s resolutions, and consider going electric and living the EV life.
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Published January 4, 2023 1:57AM
Eveelife is an eco-oriented lifestyle platform that helps consumers make more purposeful choices about how they live and what they consume. We do it by curating content and products that help them make more conscious, carbon-free choices while amplifying their EV ownership experience.
