Holiday car deals boost electric vehicle discounts as sales slow

Holiday car deals are expected to be strong this season, especially for electric vehicles (EVs). Many brands are offering significant discounts due to oversupply and slow sales. This may be one of the last chances for substantial EV savings. In November, the average discount on EVs was over $3,560, compared to $1,885 for gas-powered cars. Despite these discounts, EVs remain pricier overall, with an average cost of $59,228, about $12,000 more than gas vehicles. Leasing is becoming popular for budget-conscious buyers. EV leases are averaging $428 per month, which is $144 cheaper than gas car leases. This trend is driven by discounts and tax credits, making leasing a more affordable option for many shoppers.