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Initial sales of the 2014 Cadillac ELR extended range electric luxury coupe ( earlier post ) will begin in January in all major US metropolitan areas. The 2014 ELR has a starting price of $75,995, including a $995 destination charge but excluding tax, title, license and dealer fees. 2014 Cadillac ELR. Click to enlarge.
A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.
The 2025 Cadillac Escalade IQ’s price will start at ~$130,000 and can go up to $150,000 before upgrades. The Cadillac Escalade IQ will be available in four trims, with prices ranging from $129,990 to $150,490. For comparison, the 2024 Cadillac LYRIQ starts at $57,195. The Cadillac Escalade IQ’s Luxury 1 AWD trim offers 11.5
The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. A spokesperson told the publication, "The Cadillac Lyriq and Chevrolet Blazer EV will temporarily lose eligibility for the clean vehicle credit on Jan.
General Motors is sidestepping the loss of the electric vehicle tax credit on its vehicles and will still offer a big $7,500 discount on cars for customers. The Cadillac Lyriq and Chevrolet Blazer EV are losing the credit because of component qualifications, while all other EVs are temporarily losing eligibility.
The Flagship Cadillac EV An all-electric Cadillac? Debuting in July 2022 as a 2023 model, the Lyriq continues to be the flagship for Cadillac’s EV efforts. Premium Cruising Cadillac did not design nor will they be selling the Lyriq as a performance or sport midsize SUV. It baffles me, but heck, go for it!
Broadly, Navigant expects expansion in both the higher end of the market (thereby putting competitive pressure on Tesla Motors), as Audi, BMW, Cadillac, Mercedes, Saab, and Volvo introduce their first plug-in cars. More mainstream models will come from Kia, Mahindra, Škoda, and Volkswagen. Tesla Motors will have a bumpy year.
Which luxury electric SUV would you choose, the Acura ZDX or Cadillac Lyriq? After slashing financing rates, the Acura ZDX may be a better buy than the Cadillac Lyriq or Chevy Blazer EV. The ZDX is based on GM’s Ultium platform, the same one underpinning the Cadillac Lyriq. Meanwhile, the Cadillac Lyriq is offered at a 5.9%
GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024. Until then, GM will fill in the gap for buyers.
These big price reductions, $5,900 for the Bolt EV and $6,300 for Bolt EUV, makes them more competitive as Chevrolet no longer qualifies for the federal $7,500 tax credit. If you are in the market for an attractively priced four-passenger EV that is rated at about 250 miles of range, visit your local Chevrolet dealer and take a test drive.
The Honda Prologue EV set a new US sales record as it rolls out to dealers nationwide. Based on GM’s Ultium platform, the same one underpinning new Chevy, Cadillac, and GMC EVs, Honda’s electric SUV is available in both Single (FWD) and Dual-Motor (AWD) powertrains. Last week, Honda introduced a new Labor Day Dealer Cash bonus.
Based on GM’s Ultium platform (powering new Chevy, Cadillac, and GMC EVs), the Honda Prologue gets up to 296 miles range. According to online car research firm CarsDirect , Honda introduced a new Labor Day Dealer Cash on August 28, 2024, on all Prologue leases. Honda’s first electric SUV began hitting US dealerships this March.
We found that current factory lease offers on 22 different EV models dispel that myth with terms that pass the entire commercial clean vehicle Federal tax credit to the lessee, enabling the lessee to eventually own the vehicle for thousands of dollars less than paying cash upfront or taking out a loan. Lease-to-own savings: $15,366.
As the electric SUV rolls out to dealers nationwide, the Honda Prologue is winning over buyers. After introducing a new Labor Day Dealer Cash bonus , the electric SUV featured up to $14,250 in incentives. With all models eligible for the $7,500 tax credit, Prologue prices fall potentially as low as $39,900 (not including destination).
Although it uses the same platform as new Chevy, Cadillac, and GMC models, Honda fine-tuned the EV to help it stand out. With the $7,500 federal tax credit, the electric SUV could be bought for under $40,000 (not including the destination fee). You can use our link to find deals on the 2024 Honda Prologue at a dealer near you.
Powered by GMs Ultium platform, the same one that underpins new Chevy, Cadillac, and GMC EVs, Hondas Prologue has a driving range of up to 296 miles. With the $7,500 tax credit, prices drop to as low as $39,900 (not including the destination fee). You can use our link to view offers on the Honda Prologue at a dealer near you today.
Cadillac 441% 2.2% With the $7,500 federal tax credit, prices could fall to as low as $48,995. The long-range model (with up to 304 miles range) could be bought for under $55,000 (including the EV tax credit). You can use our links below to explore deals on Kia’s electric vehicles at a dealer near you. Ford 61% 7.2%
Although the platform underpins new Chevy, Cadillac, and GMC EV models, Honda injected its unique style, tech, and branding to help differentiate it. You can use our link to view offers on the Honda Prologue at a dealer near you. It also includes Apple CarPlay and Android Auto, which GM has abandoned.
But, there are other caveats and restrictions to qualify for a federal tax credit, or a state tax credit, so speak with your CPA before visiting an Audi dealer. Visit your local Audi dealer, take a lengthy test drive, and let us know if you agree it does just fine against the competition. Story by John Faulkner.
For a one time fee, a Boost mode can be downloaded through the dealer. Speak with your tax advisor and dealer sales representative for clarification and details. which also means it may qualify for the federal and state tax incentives. Head to your local Kia dealer and hope he/she still has a demo in stock.
With the $7,500 EV tax credit included, prices could fall to as low as $27,500. GM has yet to reveal official specs and info, but the Chevy Camaro EV is expected to ride on its Ultium platform, which is also used for the Blazer, Equinox, Silverado, and GMC Hummer EV, Cadillac Lyriq EVs. FTC: We use income earning auto affiliate links.
With a little help, a Honda EV Co-developed with General Motors, the Prologue rides on the Ultium EV platform that is also shared with a quarter of SUV—the Cadillac Lyriq , Chevrolet Blazer , Equinox EV and Acura ZDX. Cadillac Lyriq sent out a recall notice for an ABS software issue for a small portion of its vehicles after this was written.
However, with its flat-floor design, the EV9 provides more rear legroom (42″) than a Cadillac Escalade. Hyundai said all US-made EVs qualify for a $3,750 federal tax credit. You can use our link to find the best deals on Hyundai’s IONIQ 5 at a dealer near you. Also based on the E-GMP platform, the EV9 is 197.2″
of rear legroom, which is more than the Cadillac Escalade, Mercedes EQS, and three-row Range Rover P400. Hyundai expects models produced at the plant will qualify for the $7,500 EV tax credit, making it even more competitive in its largest market. You could see the IONIQ 9 tower over the EV9 when parked side-to-side.
That’s more than the Cadillac Escalade, 3-row Land Rover Range Rover P400, and Mercedes EQS. billion Metaplant to qualify for the $7,500 federal tax credit. You can use our links below to find great deals on Hyundai and Kia EVs at a dealer near you. of rear legroom. Hyundai expects EVs built at the massive $7.6
Co-developed with General Motors, the midsize ZDX rides on the Ultium platform that is also shared with the Cadillac Lyriq, Chevrolet Blazer and Equinox EVs. The 2024 ZDX A-Spec and ZDX Type S are on-sale now at Acura dealers in all 50 states. In some state it may also get the coveted HOV lane sticker. Go check it out!
And it’s a better deal than ever now that the US EV tax credit is now easier to get for low-income buyers and available upfront as well, making it possible to get a Bolt for under $20k off the lot. Why can’t the rest of your brands do the same, GM?
2024 Cadillac Lyriq Sport trim (Source: Cadillac) General Motors says it is responding to a strong demand for luxury EVs by ramping up production of its Cadillac all-electric Lyriq SUV this year. Last year, Cadillac delivered 9,000 Lyriqs, with fewer than 2,400 in the first half. We’re bullish on where we’re headed.”
As sales of electric vehicles continue to grow in 2025, many new and prospective customers have questions about qualifying for a federal tax credit on EVs. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place. How does a federal tax credit work for my EV?
As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal tax credit on electric vehicles. Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle into one place. How much is the federal tax credit?
This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.
Federal EV Tax Credit. To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car. .
Just your daily driver with no tailpipe The bottom line: If you are shopping to replace your current gasoline-powered SUV there is no reason for not visiting your Chevrolet dealer to seriously consider the Equinox EV. Pricing and Availability The 2024 Chevrolet Equinox EV is arriving at dealers now.
January 1, 2023, kicked off a fresh start of new tax credits for vehicles, both new and used. Since then, much of the dust has settled on the Capitol as it continues to implement qualifying terms for tax credits , continuously shifting what used EVs do and do not qualify. Here’s the latest list. Here’s how it works.
The passage of the US Inflation Reduction Act includes nearly unlimited funding for a $7500 EV tax credit on new EVs through 2032. Electric cars will qualify for EV tax credits and the qualification rules for credits will be really confusing. Let’s start with what electric vehicles still qualify for EV tax credits in 2022.
Hailed as a huge win for auto manufacturers, car dealers, and consumers, the Clean Vehicle Credit (CVC) which is part of Inflation Reduction Act (IRA), at least for now is a confusing, hot mess for everyone involved. A phaseout of the tax credit occurred over several quarters down to zero. Confused yet?
Total cost of ownership of EVs is generally less than an ICE vehicle over its expected life since they have lower maintenance costs and electricity is less expensive per mile than gasoline, and tax incentives and rebates help a lot as well.
According to a price survey conducted by BloombergNEF , automakers soon will be producing models that are “as affordable—and as profitable—as comparable combustion engine models, and without the help of tax subsidies.” In addition to trucks, SUVs, and more affordable EVs – American consumers need more choice.
Establishing dealer network. Plans Cadillac Converj, Opel Ampera, other versions. With the Prius, weve launched an enormous marketing campaign to say that it does not need to be plugged in, but people are still asking the dealers, "How long does it go on batteries?" Ford Escape PHEV-40 around 2012. Plans Saturn Vue PHEV-10.
Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV tax credit requirements. That is a very good thing, but tying this requirement to a consumer-facing tax credit that results in few or zero EVs qualifying, is probably not the best approach.
For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable. More on this below.
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