Electric vehicles (EVs) are becoming more accessible to consumers, thanks to the increasing number of models available for lease at affordable rates. With the federal tax credit offering significant rebates on EV leases, more people are opting for electric vehicles than ever before. In this article, we will explore nine EV models that can be leased for under $400 per month, making them an attractive option for budget-conscious individuals.

1. 2023 Vinfast VF8 Eco – $268/month

The Vinfast VF8 Eco offers an appealing average monthly lease cost of $268, making it an attractive option for budget-conscious consumers. With a range of 264 miles and a 0-60 time of 6.5 seconds, this 5-passenger all-wheel drive crossover comes with amenities such as heated front seats, adaptive cruise control, power-folding heated side mirrors, and leather-like seating surfaces. However, reviews have cited quality issues, quirky driving dynamics, and buggy software, although Vinfast claims to have made improvements to the VF8 since then.

For those interested in test-driving the VF8, the 36-month lease is priced at $249 per month with $944 to start before tax and license, while a 24-month, zero-down lease is available at just $299 per month.

2. 2024 Nissan LEAF S – $332/month (Northeast), $357/month (elsewhere)

The 2024 Nissan LEAF S offers competitive lease rates, with prices starting at $332 per month in the Northeast and $357 per month elsewhere. With a front-drive, five-passenger hatchback design and 24 cubic feet of cargo space, the LEAF S provides 149 miles of range on a full charge and a 0-60 time of 7.4 seconds.

These two models are just a glimpse of the growing market for affordable EV leases. As electric vehicles continue to gain popularity, consumers can expect to see more competitive lease offers from manufacturers, making the transition to electric mobility even more appealing.