Best EV Deals in August 2026: Discounts on Electric Performance and Luxury

Are you really getting a good deal if it’s one that will save you a few bucks on a mediocre car? Really, why even bother? That’s why we’re selective about the models we share in this monthly feature—you’re only going to find vehicles we’d want to drive and live with ourselves, and it’s why we’re excited for the August 2026 batch of the best EV deals.

A tire-shredding Corvette challenger appears for the first time, and a quirky luxury favorite returns with a price cut on top of decent financing rates. Here’s what this means: more neck-snapping fun, along with some quiet electric luxury at a better price.

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 the best EV deals from July 2026.

As the least expensive electric Cadillac, the Optiq begins pricing in the low $50,000 range and is best in trims that focus on luxury. We love driving most V-badged Cadillacs, but the Optiq V isn’t as fun to drive as rivals, nor does it charge as quickly on a road trip.

Where that leaves us is the rest of the lineup, which we’ve said have gorgeous interiors and a comfortable ride. If you can handle the slow steering, the 2027 Optiq could be a good luxury-first choice.

2027 Optiq deal: $2,000 off plus 0.9% for 72 months for owners of select non-GM brands

Read Our Experts’ Full Cadillac Optiq Review

Even when the interior isn’t fully decked out in light blue leather, the Genesis GV60 has always been an interesting choice. Its design inside and out gets attention—a perfect foil for the GV70 Electric that’s tough to distinguish from the gas GV70. What brings the GV60 to this list of the best EV deals is the combination of a price cut and good financing.

Just like Hyundai did with the Ioniq 5, Genesis is now cutting prices on the GV60. With this Genesis, prices are slashed by about $6,000 on lower trims, and that’s paired with 0 percent financing for 60 months. Not bad, and neither is the new GV60 Magma, which is launching with an MSRP less than last year’s far less capable Performance model.

2027 GV60 deal: 0% for 60 months plus an MSRP price cut

Read Our Experts’ Full Genesis GV60 Review

What more can we say about Hyundai’s wild electric SUV that beat a mid-engined Chevrolet Corvette in a head-to-head comparison? Even before the recent price cut of just over $6,000 and the possible $3,500 first-time EV incentive for qualifying Californians, we already thought the Ioniq 5 N was a great performance value.

There are lots of ways to customize the driving experience, and there’s also this: a MotorTrend-tested 0–60-mph time of 2.8 seconds. Wow.

2026 Ioniq 5 N deal: 1.99% for 60 months plus an MSRP price cut

Read Our Experts’ Full Ioniq 5 Review

Maybe an electric three-row SUV sounds attractive for the way it can eliminate one weekly chore from your list. Instead of getting gas, just plug in overnight at home if you’re fortunate enough to have home charging.

If that and the EV9’s premium-feeling interior don’t do the trick, perhaps 0 percent financing for 60 months along with $5,000 will get the Kia on your list the way it’s qualified as one of our best EV deals for August.

The fully electric Toyota Highlander and Subaru Getaway haven’t arrived yet as direct competition, which means the Hyundai Ioniq 9 and this EV9 remain as solid bets for three-row non-luxury SUVs that are fully electric.

2026 EV9 deal: 0% for 60 months plus $5,000 off

Read Our Experts’ Full EV9 Review