EV Lease vs Gas Car Lease: Which Saves More?
EV leases benefit from the $7,500 federal commercial EV credit, often making them cheaper than comparable gas leases despite higher MSRPs.
Updated 2026-06-16 · Reviewed monthly
| Factor | EV Lease | Gas Lease |
|---|---|---|
| Federal credit | $7,500 (applied as cap reduction) | None |
| Fuel cost / month | $30-$70 (electricity) | $120-$200 (gas) |
| Maintenance / 3 years | ~$200 | ~$600 |
| Mileage cap | 10k/yr typical | 12k/yr typical |
EV Lease — Pros
- • $7,500 lease credit
- • Lower fuel + maintenance
- • Federal & state incentives stack
Cons
- • Tighter mileage caps
- • Charging logistics
Gas Lease — Pros
- • Higher mileage caps
- • More charging-free
Cons
- • Higher fuel/maintenance
- • No EV tax credit
If your driving fits within 10-12k/year and you can charge at home, EV leasing is now cheaper than gas leasing for most comparable trims.