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February’s Best EV Deals: Are You Kidding Me With This Offer?!
Fantastic deals exist in the electric car space if you know where to look.
Zach GaleWriterManufacturerPhotographerMotorTrend StaffPhotographerFeb 13, 2026
When it comes to offering deals on their latest EV, clearly some automakers refuse to take no for an answer. Months after the $7,500 federal EV tax credit disappeared, the deals are not only still around—they’re bigger than we’ve seen in a while.
What follows isn’t a list of every EV deal for February; instead, it’s a collection of offers on cars you might want to drive, and we’ve saved the biggest new deal for last.
A quick note on these deals: They’re correct as of publishing, but availability may vary near you. Check back next month for more EV deals.
See deals from January.
19 2026 Chevrolet Equinox EV front view
2026 Chevrolet Equinox EV Deal: $6,500–$10,000 Off
Part of General Motors’ emerging electric car strategy appears to be pricing everything right the first time. We’ve seen it with the Cadillac Lyriq, a midsize luxury SUV that undercuts competitors in price, and the same is true for the Chevrolet Equinox EV.
The Equinox EV’s mid- to high-$30,000 base price is already reasonable, and in our experience the SUV is pretty good. It only placed fifth in a big comparison of electric SUVs, but part of that was the FWD handling limitations. With this February’s EV deal, you get cash back on top of reasonable MSRPs, so an AWD upgrade may just be within reach.
2026 Equinox EV deal: $6,500 to $8,750 off depending on trim. If you own a 2021 or newer non-GM product or a GM product that’s 2012 or newer, it’s up to $10,000.\n\n005 2025 Polestar 3 Launch Edition\n2025 Polestar 3 Deal: $18,000 Off Plus 2.99 percent for 60 Months\nTimes are tough for any automaker that might be compared to a Tesla Model Y, that ubiquitous and low-priced SUV. Perhaps that’s the case for the 2025 Polestar 3, which returns with last month’s amazing deal on a car that’s great fun to drive and fantastic to look at. Really, it’s just as interesting in person as it is in this photo gallery.\n\nWe weren’t impressed by the controls or tech in the 2025 3, but Polestar is taking steps to improve that situation. Could the risk be worth the reward? That depends entirely on how important driving fun is to you.\n\n2025 Polestar 3 deal: $18,000 off plus 2.99 percent for 60 months.\n\n2 2025 Kia EV6\n2025 Kia EV6 Deal: $5,000 Off Plus 0 percent for 72 Months\nKia continues its sell-down of the 2025-model-year EV6, and this easily qualifies as one of the best EV deals of the month. On the 2025 EV6—which finished second in a large comparison of compact electric SUVs—Kia is offering 0 percent financing for 72 months plus $5,000, or up to $11,500 off on select trims.\n\n2025 EV6 deal: $5,000 off plus 0 percent for 72 months, or up to $11,500 off.\n\n008 2025 Hyundai IONIQ 5\n2026 Hyundai Ioniq 5 Deal: $5,000 Off Plus 0 percent for 72 Months\nLong after the Ioniq 5 became our 2023 SUV of the Year, Hyundai dropped its prices by $7,600 to $9,800 for the 2026 model year. That almost gave it complete parity with other lower-priced entries like the Equinox EV higher on this list.\n\nSo, imagine our surprise when on top of that baked-in discount, Hyundai is also offering either $10,000 off the top of the Ioniq 5 or 0 percent financing for 72 months with $5,000 off. That kind of aggressive offer on an electric car we really like easily makes this the best EV deal of the month as far as we’re concerned.\n\n\n\n2026 Chevrolet Equinox EV – Bold Moves in the Electric Market\n\nIn the dynamic landscape of electric vehicles (EVs), the 2026 Chevrolet Equinox EV emerges as a compelling contender, backed by significant incentives that make it one of the most attractive offers available this February. This isn’t just another electric SUV; it’s a testament to General Motors’ evolving strategy, one that prioritizes accessible pricing and value without compromising on performance or features. As the automotive industry pivots towards electrification, the Equinox EV stands out, not only for its competitive starting price in the mid-to-high $30,000s but also for the substantial savings that enhance its appeal.\n\nThe Equinox EV’s positioning in the market is strategic. While it may have landed fifth in a comprehensive comparison of electric SUVs, that result was influenced by certain handling limitations of the front-wheel-drive (FWD) configuration. However, for drivers prioritizing value and everyday usability, the Equinox EV remains a strong choice. The February deals amplify this advantage, offering cash back that can help buyers consider upgrades, such as the all-wheel-drive (AWD) system, which addresses the FWD limitations and enhances overall performance.\n\nThe specific incentives for the 2026 Equinox EV vary by trim level, ranging from $6,500 to $8,750 in direct cash back. For loyal GM customers or those looking to switch from other brands, the deals become even more enticing. Owners of 2021 or newer non-GM vehicles, or GM products from 2012 or newer, can qualify for up to $10,000 in savings. These offers are not merely promotional; they reflect a broader market trend where automakers are adapting to post-tax credit realities by adjusting pricing and incentives to maintain sales momentum. The Equinox EV represents GM’s commitment to making EVs more attainable for the mainstream American consumer, combining practical design with modern electric powertrain technology.\n\n2025 Polestar 3 – Luxury Meets Performance with Unprecedented Savings\n\nThe 2025 Polestar 3 presents a compelling case for luxury EV buyers, offering a combination of exhilarating driving dynamics, stunning design, and a remarkable financial incentive that challenges the status quo. In a market increasingly dominated by the ubiquitous Tesla Model Y, the Polestar 3 carves out its niche by prioritizing the driving experience and aesthetic appeal, now made more accessible through a significant price reduction. This February, the deal on the 2025 Polestar 3 is nothing short of extraordinary: a $18,000 price cut coupled with an attractive 2.99% financing rate for 60 months.\n\nThis substantial incentive underscores the competitive pressures in the premium EV segment. Automakers are increasingly willing to adjust pricing strategies to capture market share, and Polestar’s aggressive offer is a prime example of this trend. The 2025 Polestar 3, while perhaps not matching the tech-forward approach of some competitors, excels in areas that matter to driving enthusiasts. Its performance is engaging, its design is captivating, and its premium interior offers a refined atmosphere. The limited infotainment and control interface, which were noted drawbacks in previous models, are areas where Polestar is actively working to improve, demonstrating a commitment to enhancing the overall ownership experience.\n\nThe $18,000 reduction transforms the value proposition of the Polestar 3, making it a viable alternative to more established luxury EVs. The low financing rate further sweetens the deal, reducing the total cost of ownership and making premium electric mobility more attainable. For buyers who prioritize driving pleasure and style, the Polestar 3 represents a unique opportunity. It’s a vehicle that balances performance with design, offering a distinct alternative to the mainstream EV options. As the EV market matures, such deals highlight the strategic flexibility automakers employ to adapt to consumer demands and maintain sales momentum.\n\n2025 Kia EV6 – Efficiency and Value at Unbeatable Financing Terms\n\nKia continues to demonstrate its commitment to the electric market with a compelling offer on the 2025 EV6, solidifying its position as a leader in value-oriented EVs. This February, Kia is running a robust sell-down program for the 2025 model year, featuring a deal that stands out in the competitive compact electric SUV segment. The 2025 EV6, which previously earned accolades by securing second place in a comprehensive comparison of electric SUVs, is now available with an exceptional financing incentive. Buyers can benefit from 0% APR financing for up to 72 months, combined with a $5,000 cash rebate.
