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From $189 a month: 5 of the best EV lease deals in October [Updated]

October EV lease deals

EV lease prices look better than expected, despite the end of the federal tax credit and the 25% import tariff being in place. Prices have crept up compared to last month, but several automakers have covered the $7,500 credit themselves or added extra incentives, and the price of one EV even dropped. Here are October’s top EV lease deals, spotted by our friends at CarsDirect.

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The Chevy Equinox EV is GM’s breakout star, but that’s not the only surprise

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The Chevy Equinox EV, or “America’s most affordable 315+ range EV,” as GM calls it, is red-hot. Thanks to the electric Equinox, Chevy is solidifying its position as the fastest-growing EV brand in the US. The Chevy Equinox EV helped GM’s electric vehicle sales more than double in Q2, but there’s more to the story.

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GM is beating EV rivals by giving buyers more choices at lower prices

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GM’s electric vehicle sales nearly doubled in the first three months of the year, with impressive growth across all brands. Chevy is now the fastest-growing EV brand in the US, with the electric Equinox and Blazer rolling out, while Cadillac is quickly making a comeback in the luxury segment. Even GMC just had its best first quarter ever. With the broadest selection of models in the industry, GM continues outpacing EV rivals.

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Cox: EVs are America’s future, but policy will set the pace

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The US EV market closed out 2024 on a high note despite swirling uncertainty about the future of federal tax incentives. Cox Automotive’s newly released Q4 data shows a record 365,824 EVs sold – up 15.2% from the previous quarter – and annual EV sales of 1.3 million, a 7% increase from 2023. 

We spoke with Stephanie Valdez Streaty, strategic planning director at Cox Automotive, about how these strong numbers underscore growing consumer interest in electrified transportation, even as key federal policies remain in flux. 

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