This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
General Motors is sidestepping the loss of the electric vehicle taxcredit on its vehicles and will still offer a big $7,500 discount on cars for customers. In December, GM said it would temporarily lose eligibility for the credit on some of its cars. can qualify for EV taxcredits. Now, just 19 EVs in the U.S.
The EV taxcredit 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.
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 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!
GM is offering a $7,500 incentive for EVs that lost eligibility for the EV taxcredit. 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 taxcredit at the beginning of 2024.
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%
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 taxcredit. Bolt EUV $28,195 ($34,495). But it is more than that. Other than the price drop, the 2023 models are carryovers from 2022, when they were given extensive updates.
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.
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 taxcredit, 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.
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 taxcredit, Prologue prices fall potentially as low as $39,900 (not including destination).
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 taxcredit, prices drop to as low as $39,900 (not including the destination fee). With another 1,848 units sold last month, Acura ZDX sales totaled 7,391 last year.
Cadillac 441% 2.2% With the $7,500 federal taxcredit, 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 taxcredit). You can use our links below to explore deals on Kia’s electric vehicles at a dealer near you.
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 taxcredit, or a state taxcredit, 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.
With the $7,500 EV taxcredit 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.
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 taxcredit. 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 taxcredit, 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 taxcredit. 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!
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. Head to your local Kia dealer and hope he/she still has a demo in stock. Each drive mode affects the steering wheel and accelerator feel.
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 taxcredit 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.
And it’s a better deal than ever now that the US EV taxcredit 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?
As sales of electric vehicles continue to grow in 2024, many new and prospective customers have questions about qualifying for a federal taxcredit on electric vehicles. Luckily, we have compiled everything you need to know about taxcredits for your new or current electric vehicle into one place.
As sales of electric vehicles continue to grow in 2025, many new and prospective customers have questions about qualifying for a federal taxcredit on EVs. Luckily, we have compiled everything you need to know about taxcredits for your new or current electric vehicle into one place. How much is the federal taxcredit?
Federal EV TaxCredit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV taxcredit of up to $7500 to anyone purchasing or leasing an electric car. Here’s a step-by-step guide to making an educated decision about electric car taxcredits.
January 1, 2023, kicked off a fresh start of new taxcredits 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 taxcredits , continuously shifting what used EVs do and do not qualify. Here’s the latest list. Here’s how it works.
Federal EV TaxCredit. To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV taxcredit of up to $7500 to anyone purchasing or leasing an electric car. The taxcredit depends on the manufacturer you choose and vehicle battery.
The passage of the US Inflation Reduction Act includes nearly unlimited funding for a $7500 EV taxcredit on new EVs through 2032. Electric cars will qualify for EV taxcredits and the qualification rules for credits will be really confusing. 2022 EV TaxCredits. What about EV taxcredits in 2023?
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 taxcredit occurred over several quarters down to zero. Confused yet?
Additionally, the IRA could actually receive enough votes to pass, but not without potentially several significant changes — including to some of the EV taxcredit requirements. By my initial analysis, those two provisions would disqualify roughly 70% of all EVs from the taxcredit. Other EV TaxCredit Changes in the IRA.
For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV taxcredit. 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 taxcredit. TaxCredit Becomes Refundable.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content