As we approach Memorial Day weekend, prepare for some of the best EV deals of the year. Historically a prime time for savings, 2024 Memorial Day EV sales are looking especially good. With the average new car loan rate near 10% APR, it’s crucial to take advantage of low APR offers featured in these deals. Elevated levels of new EV inventory is creating the perfect storm for big discounts. If you’re in the market for an electric vehicle, now could be your best chance at a bargain. 

Here are the top Memorial Day EV deals available today.

2024 Tesla Model Y

Memorial Day Offer: Finance with 0.99% APR until May 31, 2024. Lease from $399/month with $2,999 due at signing.
Base Price: $44,990 – $51,490
Range: 279 – 320 miles

The Tesla Model Y is a standout in the EV market, offering a compelling combination of price, range, and technology. It’s the best-selling EV in America, and is now cheaper than ever before. Amazing financing offer aside, we’ve never seen a Model Y lease deal this attractive.

One of the key benefits of owning a Tesla is access to the expansive and reliable Tesla Supercharger network, which ensures convenient long-distance travel and faster charging times. This Memorial Day, Tesla’s offer of a 0.99% APR financing rate makes the Model Y an even smarter buy.

Build your Model Y at Tesla.com

2024 Hyundai IONIQ 5

Memorial Day Offer: Finance with 0% APR (all trims) for 60 months + $7,500 customer cash until June 3, 2024. Lease the IONIQ 5 SE for $299/month for 24 months with $3,499 due.
Base Price: $41,400 – $53,500
Range: 220 – 303 miles

The Hyundai IONIQ 5 is one of the fastest-charging electric vehicles on the market today, capable of charging from 10% to 80% in just 18 minutes. The Memorial Day offer of 0% APR for 60 months translates to significant savings compared to the average new car loan rate of 9.95% APR. 

Consider this: financing a $50,000 car at 0% APR versus 9.95% APR over five years can save you nearly $14,000 in interest. 

Despite not qualifying for the federal tax credit for EVs, Hyundai’s $7,500 cash offer makes up for that, making the IONIQ 5 a smart and economical choice. Learn more about offer details.

Browse Hyundai IONIQ 5 listings with the power of local market data

2024 Kia EV9

Memorial Day Offer: 0% APR for 48 months + $9,000 cash. Lease for $419/month for 24 months with $4,999 due.
Base Price: $54,990 – $69,900
Range: 270 – 304 miles

The Kia EV9 has earned multiple awards for its innovative design and performance. With ultra-fast charging, a long range of up to 304 miles, and three rows of seats, it’s easy to see why. 

This Memorial Day, Kia’s offer of 0% APR for 48 months plus a $9,000 cash incentive makes the EV9 an irresistible deal. The lack of a federal tax credit is more than offset by the substantial cash incentive. Deals like this don’t come around often. Learn more about this offer.

Browse Kia EV9 listings with the power of local market data

The Best Deal: 2024 Kia EV6

Memorial Day Offer: 0% APR for 60 months + $9,000 cash. Lease the EV6 RWD Wind for $249/month for 24 months with $3,999 due.
Base Price: $42,600 – $61,600
Range: 252 – 310 miles

The Kia EV6 stands out as the best new EV offer for Memorial Day 2024. With a combination of 0% interest for five years and a significant $9,000 cash incentive, it’s a deal that’s hard to beat. 

Additionally, the EV6 can charge from 10% to 80% in as little as 18 minutes, making it a practical choice for those who value convenience and efficiency. If you’re looking to go electric without breaking the bank, and refuse to sacrifice charging speed and long range, this is the EV offer you’ve been waiting for. Learn more about this offer.

Browse Kia EV6 listings with the power of local market data

It’s a Great Time to Buy – But More Deals Ahead

With low APR offers and massive cash discounts, Memorial Day is a fantastic time to buy a new EV. Charging infrastructure is growing, and even becoming more reliable. Whether you’re drawn to Tesla’s expansive and reliable Supercharger network or the unique offerings from Kia and Hyundai, there’s something for everyone this month. 

Not ready to commit? Don’t fret. The best time of the year to buy a car isn’t Memorial Day, it’s year-end sales. Come December, expect great deals on 2024 models everywhere you look as 2025s arrive. Will financing offers be this great? It depends on what the Federal Reserve decides to do with interest rates between now and then. Time will tell!

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