Big Savings and Low Financing Offers on 2024 EVs

If you’re considering a new electric vehicle, recent incentives from automakers may make now a practical time to explore your options. Several models, including the Hyundai Ioniq 5 and Ford Mustang Mach-E, are available with financial incentives ranging from cash bonuses to low-interest financing and additional perks like complimentary home chargers. Below is a breakdown of some current offers (all prices include destination charge).

Related: What to Know Before Purchasing an Electric Vehicle: A Buying Guide

2024 Hyundai Ioniq 5

• Deal: 0% financing for 60 months; up to $7,500 bonus cash
• Starting price: $43,195

The 2024 Hyundai Ioniq 5 is an SUV with an EPA-rated range of 220 to 303 miles, depending on the battery and whether you choose rear- or all-wheel drive. Standard features include a 12.3-inch touchscreen display, Apple CarPlay, Android Auto, adaptive cruise control and a six-speaker stereo. New for 2024 are rear side airbags, a Wi-Fi hot spot and haptic steering-wheel feedback for the blind spot monitoring and lane departure steering assist features.

In the regions we surveyed, Hyundai is offering up to $7,500 in retail bonus cash on all 2024 Ioniq 5 trims or 0% financing for up to 60 months if financed through Hyundai. Both promotions apply to purchases made through Jan. 2, 2025.

2024 Ford Mustang Mach-E

• Deal: 0% financing for up to 72 months; $500 bonus cash; complimentary home charger and installation
• Starting price: $41,990

The 2024 Ford Mustang Mach-E is an SUV offering an EPA-estimated 230 to 320 miles of range, depending on the configuration. It has a spacious interior and a choice of standard or extended-range batteries, as well as RWD or AWD. The Mustang Mach-E sees major updates for 2024, including the introduction of the Rally trim, a bronze color package option and a more powerful rear motor across the lineup. 

We found Mustang Mach-E buyers can qualify for 0% financing for up to 72 months through Ford Credit and receive an additional $500 bonus cash and a complimentary Ford Charge Station Pro with professional installation. Those who prefer more immediate cash savings can opt for $2,000 bonus cash in lieu of the home charger. This offer runs through Jan. 2, 2025 and applies to all trims.

2024 Ford F-150 Lightning

• Deal: 0% financing for up to 72 months; complimentary home charger and installation
• Starting price: $65,090

The 2024 Ford F-150 Lightning is an all-electric version of the F-150 pickup truck and has a range of 240 to 320 miles, depending on battery size and trim. It features a 12-inch touchscreen (a 15.5-inch screen is optional), wireless Apple CarPlay and a towing capacity up to 10,000 pounds. New for 2024 is a new Flash trim that packages popular features under the $80,000 cap for the $7,500 federal EV tax credit. Trims include the base XLT, Flash, Lariat and Platinum.

Like the Mustang Mach-E’s deal, the F-150 Lightning is available with 0% financing for up to 72 months in most regions we surveyed. Additionally, Ford is including a complimentary home charger with installation or a $1,000 bonus cash alternative in most regions we surveyed; this promotion is available through Jan. 2, 2025 and applies to the XLT and Platinum trims.

2024 Lexus RZ

• Deal: 0% financing for up to 48 months, $7,500 bonus cash
• Starting price: $55,175

The Lexus RZ is a compact SUV with front- or all-wheel drive and an EPA-rated range of 196 to 266 miles. Standard features include a 14-inch touchscreen, wireless Apple CarPlay and Android Auto, and Lexus’ Safety System+ 3.0 suite of driver-assist tech. Lexus claims it can charge from 10% to 80% in about 30 minutes with a DC fast charger. For 2024, the brand debuted the more affordable FWD RZ 300e, lowering the starting price by $4,500.

In the regions we surveyed, the Luxury and Premium trims of the RZ 300e and RZ 450e qualify for 0% financing for up to 48 months for eligible buyers who finance through Lexus. Alternatively, buyers can receive $7,500 bonus cash for select trims. Both promotions end Dec. 2.

2024 Toyota bZ4X

• Deal: 0% financing for up to 72 months; $2,500 bonus cash
• Starting price: $44,465

The 2024 Toyota bZ4X is an SUV available with FWD or AWD options. It offers 201 hp (FWD) or 214 hp (AWD) and an EPA-estimated range of 228 to 252 miles. Standard features include a 12.3-inch touchscreen, Toyota’s Safety Sense 3.0 suite of safety tech and dual-zone climate control. The Limited trim adds a 360-degree camera system and automated parking. Buyers also benefit from an eight-year/100,000-mile battery warranty and two years/25,000 miles (whichever comes first) of no-cost maintenance through ToyotaCare. The bZ4X saw a set of minor updates for 2024.

In the regions we surveyed, Toyota is offering 0% financing for up to 72 months on the bZ4X along with $2,500 bonus cash if you finance through Toyota. The deal applies to all bZ4X trims and is valid through Dec. 2.

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