Typical mileage limits for electric vehicle (EV) leases generally range between 10,000 and 15,000 miles per year. Most EV lease agreements impose these annual mileage caps to control depreciation and preserve the vehicle’s residual value.
The common mileage limits you will encounter are:
- 10,000 to 12,000 miles per year – This is the most frequently seen range in EV lease contracts.
- Up to 15,000 miles per year – Some leases offer higher mileage caps, usually at an increased monthly payment.
Exceeding these limits incurs overage fees, which can be significant. Typically, the penalty per extra mile ranges from about $0.10 to $0.30. For instance, if you exceed a 12,000-mile limit by 5,000 miles, you might pay between $500 and $1,500 in penalties at lease-end. This can make the lease much more expensive than anticipated.
These mileage restrictions exist primarily because higher mileage reduces the residual value of the leased EV, which in turn raises monthly payments if mileage limits are exceeded. If you expect to drive more than the typical caps, some leasing companies offer high-mileage leases beyond 15,000 miles per year but at higher cost.
In summary, the typical EV lease mileage limits are:
- Most common annual caps: 10,000 to 12,000 miles
- Some leases allow up to 15,000 miles per year
- Exceeding limits results in costly per-mile fees, typically $0.10–$0.30/mile
If your driving habits exceed these limits regularly, it may be financially wiser to consider purchasing or financing rather than leasing to avoid ongoing penalties.
This overview is based on current EV lease market practices as of 2025.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-are-the-typical-mileage-limits-for-ev-leases/
