February 2026 is now set to be one of the strongest months for electric vehicle leasing in the US. Automakers are juicing incentives, dealers want to move metal, and lease pricing in a few segments has plummeted to levels that would have sounded unreal just a year ago. For drivers seeking to experience the perks of electric driving without a long-term commitment, this month offers some great opportunities.
Here are the best EV lease deals for February 2026, along with real-world pricing and manufacturer-backed offers.
Hyundai Ioniq 5
Hyundai is offering some of the most aggressive EV lease deals this month, and at the heart of that effort is the Ioniq 5.
The Ioniq 5 SE can be leased for about $259 per month for 24 months, with a $3,999 down payment at signing. Higher trims like the SEL are usually closer to $299 per month, which is still below what you can expect to pay for other vehicles in this segment. In many parts of the country, Hyundai is also piling on bonus cash to lower the effective monthly cost.
Add fast charging and plenty of space, and this is one of the best-value EV lease deals around.
Chevrolet Equinox EV
Chevrolet is really pressing the affordable-electric-vehicle envelope, and we can see that in February pricing for the Equinox EV.
Current lease promotions have the Equinox EV starting at about $259 a month for 39 months (and about $3,309 due at signing). In certain parts of the country, additional dealer cash and incentives can further reduce the effective cost, particularly on RS trims.
The Equinox EV delivers promised practicality without a premium, with a projected range of more than 300 miles on certain trims.
Kia Niro EV
For bargain hunters looking to buy an EV, the Kia Niro EV is compelling.
Leasing a 2025 Kia Niro EV gets you into one of the cheapest electric leases in the US, with rates as low as $289 per month for 36 months and about $2,000 due at signing.
The Niro EV is compact, efficient, and easy to live with, perfect for around town and short runs.
Nissan Ariya
The Nissan Ariya is quietly emerging as one of the most comfortable EV lease options in the midsize segment.
February deals have front-wheel-drive Ariya trims leasing in the low-to-mid $ 300-per-month range, and dealer incentives definitely factor into final pricing. Nissan’s priority this month is to clear inventory, which works well for consumers who are ready to flex their haggling skills.
The Ariya is designed for less stress and better in-car comfort, making it a great commuter electric vehicle.
Tesla Model 3
Tesla is still far and away the company capturing EV mindshare — and the Model 3 is one of America’s most-leased electric sedans.
As of February 2026, the lease on a Model 3 Rear-Wheel Drive is around $399 per month for 36 months, with about $3,000 due at signing (plus possible tax credits), depending on where you live and your credit profile. Long-range versions land in the mid $500s per month. These are the costs under Tesla’s aggressive lease structure and strong demand across all major U.S. markets.
The Model 3’s powerful range, sleek design, and access to the Supercharger network continue to make it a safe and popular lease option.
Why February 2026 Is an Ideal Month to Lease an EV
A combination of several factors is working in favor of the consumer. Lease incentives are being used to offset new federal tax credit rules that make it harder to cover costs, and dealers are eager to clear remaining inventory—even as EV values hold up. Leasing also offers flexibility in a fast-moving market that’s seen rapid advances in battery technology, charging speeds, and software — all of which can be updated more easily than physical hardware.
| Model | Monthly Payment | Lease Term | Due at Signing |
|---|---|---|---|
| Tesla Model 3 RWD | ~$399 | 36 months | ~$3,000 |
| Tesla Model 3 Long Range | ~$549 | 36 months | ~$3,000 |
| Hyundai Ioniq 5 SE | ~$259 | 24 months | ~$3,999 |
| Hyundai Ioniq 5 SEL | ~$299 | 24 months | ~$3,999 |
| Chevrolet Equinox EV | ~$259 | 39 months | ~$3,309 |
| Nissan Ariya FWD | ~$310–$350 | ~36 months | Varies |
| Kia Niro EV | ~$289 | 36 months | ~$2,000 |
| Chevrolet Blazer EV | ~$449 | 24 months | ~$3,379 |
| Hyundai Ioniq 6 SE | ~$199 | 24 months | ~$3,999 |
| Tesla Model Y RWD | ~$459 | 36 months | ~$3,000 |
Final Takeaway
February 2026 brings one of the best EV lease deals we’ve seen lately, when it comes to cheap crossovers, tech-tastic sedans, and range-anxiety-quieting electric cars. Whether it’s the feature-laden Hyundai Ioniq 5, value-oriented (and related) Kia Niro EV, or evergreen Tesla Model 3, there are terrific electric lease deals for just about every kind of driver.
For anyone considering moving to the electric side, this month offers a distinct combination of low monthly payments, strong incentives, and a wide range of EVs.
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Hey, I’m Badal! I’m super passionate about cars—especially electric ones. Whether it’s EVs, electric trucks, bikes, or anything with a battery and wheels, I’m all in. I love writing blogs and articles that break things down for fellow enthusiasts and curious readers alike. Hope you enjoy the ride as much as I do! Enjoyed reading? You can buy me a coffee on PayPal ☕ → paypal.me/BadalBanjare
