EV & Hybrid Lease Deals July 2026: IONIQ 9 Tightens Lead
Part of our monthly best lease deals coverage. See all vehicle types ranked.
July 2026 has 43 EV and hybrid lease deals, down from 48 in June. The Hyundai IONIQ 9 holds the top EV spot for a fourth straight month, tightening to 0.81% LVR. Plug-in hybrids have thinned out sharply: only 4 PHEV deals are tracked this month, down from a much larger field in June, though the Mitsubishi Outlander PHEV still leads at 0.96% LVR, joined by two new Mazda plug-in hybrids.
Several EVs disappeared from the market entirely this month, including the Ford F-150 Lightning, BMW iX, and Mercedes-Benz EQS SUV. Every deal is ranked by Lease Value Ratio: your true monthly cost divided by the sticker price. Lower is better.
We review every EV and hybrid lease offer from major manufacturers each month and rank them by value, not by range or technology specs.- The IONIQ 9 leads all EV and hybrid deals at 0.81% for a fourth straight month, tightening from 0.86% in June
- Only 4 plug-in hybrid deals are tracked this month. The Mitsubishi Outlander PHEV still leads at 0.96%, joined by two new entrants: the Mazda CX-70 PHEV (1.08%) and CX-90 PHEV (1.09%)
- The Ford F-150 Lightning, BMW iX, and Mercedes-Benz EQS SUV all have no advertised lease offer this month, a significant thinning of the EV field
- Worst EV deal: Hyundai Kona Electric at 2.96%, worse than June’s 2.90% and still the bottom of the entire database
Best electric vehicle lease deals right now
Top full EV lease offers for July 2026, ranked by Lease Value Ratio.
The best full EV lease deal this month for a fourth straight month. A $59,000 three-row electric SUV for $369/month, tightening to 0.81% LVR as the due at signing dropped to $3,999.
If you need a large family EV and want the best ratio available, this remains the deal. No other EV comes within 0.10% of this ratio this month.
Holds #2 with unchanged terms from June: $239/month on a $42,450 electric sedan at 0.96% LVR. The 24-month term means a $9,735 total cost, the lowest of any Good-tier EV deal this month.
Best EV sedan deal in the database. The Ioniq 6 holds a world record aerodynamic drag coefficient and charges from 10% to 80% in under 18 minutes on DC fast chargers.
Unchanged terms from June. The best luxury EV lease on this page, and one of only three deals to reach Good tier this month.
Lexus’s full-size plug-in hybrid SUV, improving slightly to 1.13% as the monthly dropped $20 from June. With the BMW iX and Mercedes EQS SUV both off the market this month, this is now the strongest large luxury EV lease available.
New to the top five. The Ioniq 5 rounds out a strong Hyundai showing this month at 1.22% LVR. At $259/month over 24 months, it has the second-lowest total cost of any deal in this top five after the Ioniq 6.
Best plug-in hybrid lease deals right now
Top PHEV lease offers for July 2026, ranked by Lease Value Ratio. Only 4 plug-in hybrid deals are tracked this month, a notably thin field.
Holds the top PHEV spot again this month with unchanged terms: $299/month, $3,298 at signing, 0.96% LVR. Still the best PHEV deal available and one of only 4 plug-in hybrid leases tracked this month.
New to this page. Mazda‘s plug-in hybrid crossover has the lowest monthly of any PHEV this month at $239, but the $7,909 at signing is the highest in this group by a wide margin. Run the adjusted monthly math before committing.
Mazda’s larger three-row PHEV lands right behind its CX-70 sibling, also new to this page. Like the CX-70, the low payment comes with a high due at signing, the highest of any deal in this group at $9,099.
The last of only 4 tracked PHEV deals this month, and the weakest by far. The 2026 Outlander PHEV sits at 1.48% while its 2025 sibling leads the category at 0.96%. If you want an Outlander PHEV, confirm your dealer is quoting the 2025 model year.
Best traditional hybrid lease deals right now
Top non-plug-in hybrid lease offers for July 2026, ranked by Lease Value Ratio. Traditional hybrids do not receive the federal credit in lease transactions, so ratios are higher than EV and PHEV deals.
Takes over #1 in this category this month at 1.10% LVR, unchanged terms from June. The best result in our traditional hybrid tracking, though it is a plug-in hybrid by name, it is classified here consistent with how this site has always grouped it.
Slips to #2 with a slightly improved 1.21% LVR from June’s 1.22%. The September 8 expiry gives you the longest runway of any hybrid deal this month.
Unchanged terms from June. Best hybrid sedan deal this month at $309/month on a $33,795 sticker, with the same long September 8 runway as its CR-V Hybrid sibling.
The best hybrid three-row SUV option this month, monthly up $10 from June. For buyers who need a reliable three-row hybrid without going full EV, this remains the most competitive option available.
Unchanged terms from June at $299/month, one of the lowest hybrid monthlies available. Worth noting: the plug-in version of this car (Tucson PHEV, #1 in this section) has a 1.10% LVR for just $30 more per month. The federal credit makes a significant difference on the same platform.
All EV and hybrid lease deals ranked
Every EV, plug-in hybrid, and traditional hybrid lease offer this July, sorted by Lease Value Ratio. Click any column to sort.
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Sourced from manufacturer websites July 8, 2026. EV = full electric, PHEV = plug-in hybrid, HYB = traditional hybrid. LVR = (monthly + at signing divided by term) divided by sticker times 100.
EV and hybrid leases we evaluated but did not recommend
Deals that scored poorly despite carrying the EV or hybrid label
- 2025 Hyundai Kona Electric (2.96% LVR) The worst EV lease deal in the database, worse than June’s 2.90%. $815/month on a $34,050 EV is not competitive on any measure. The Kia Niro EV at 0.96% LVR shows what properly supported EV leases look like.
- 2026 Nissan Leaf (1.82% LVR) An aging design with no meaningful lease support, essentially unchanged from June. $469/month on a $29,990 EV on a 48-month term is walk-away territory.
- 2026 Mitsubishi Outlander PHEV (1.48% LVR) The 2026 model year Outlander PHEV sits at 1.48% while the 2025 model comes in at 0.96%. If you want the Outlander PHEV, make sure your dealer is quoting the 2025 model year specifically.
- 2026 Mercedes-Benz EQE models (1.56% LVR) Both the EQE Sedan and EQE SUV remain at 1.56%, walk-away territory, unchanged from June. With the EQS SUV also gone this month, Mercedes-Benz has no competitive EV lease left in this category.
- 2026 Toyota Tundra i-Force Max (1.26% LVR) Ticked up slightly from June’s 1.24%. Still a fair-tier result but well off the 0.91% the 2025 model year delivered earlier this year.
How to evaluate any EV or hybrid lease deal
Why EV and PHEV leases are different
The $7,500 federal clean vehicle credit is why EV and PHEV leases dominate the top of this page. In a lease transaction, the manufacturer claims the credit and passes it to you as a lower capitalized cost, with no income qualification, no tax filing, no eligibility check on your end.
Traditional hybrids do not qualify, which is why the best hybrid deal sits well above where EVs and PHEVs cluster. The formula that lets you compare all three types fairly:
Value ratio = adjusted monthly / sticker x 100
Real example: the Outlander PHEV advertises $299/month. Add $3,298 / 39 months = $85. True comparison cost is $384/month on a $39,845 vehicle. LVR = 0.96%, Good tier and the best PHEV deal available this month.
What the ratings mean
EV lease scores can reach the Good tier in ways gas vehicles rarely achieve. A traditional hybrid reaching fair or average tier is a reasonable result without the credit subsidy. No traditional hybrid deal reaches Good tier in July 2026.
Frequently asked questions
These offers may vary based on location, credit score, and financing terms, and are not guaranteed. Use our free service to check discount car prices to get the best prices that include current manufacturer offers and incentives.
