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Honda undercuts Tesla Model Y after slashing Prologue EV lease prices to $399/mo

Baua Electric

Honda believes the Prologue hits the “sweet spot” of the electric SUV market at the right price. After kicking off production of its first global electric SUV in February, the Honda Prologue began hitting US dealerships in March. With the $7,500 federal tax credit, Tesla Model Y prices fall to as low as $37,490.

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Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

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Honda believes it will outpace US rivals as its first electric SUV is available in all markets

Baua Electric

The new electric SUVs are based on GM’s Ultium platform. Honda Prologue Elite interior (Source: Honda) With the $7,500 EV tax credit, the 2024 Honda Prologue starts as low as $39,900. The 2024 Honda Prologue lease prices (AWD and 2WD) are listed for as low as $299 per month (for 36 months). We can help you get started.

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Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

Green Car Congress

The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).

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Range Finder: Rivian Offers Smaller Battery on R1S and R1T

The Truth About Cars

Hitting the powertrain of its pickup truck and SUV with a shrink ray has permitted Rivian to offer a new battery option – and a new price point – for its pair of all-electric models. You may expect these new arrangements to be accompanied by a lower price – and you’d be right.

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Tesla supporters protest after IRA incentives shun popular BEVs, support hybrids

Teslarati

Based on the list of vehicles that qualify for IRA’s $7,500 tax credit, popular battery-electric cars like some variants of the Tesla Model Y and the Ford Mustang Mach-E will not be getting any incentives from the IRA at all. . However, a number of gas-powered hybrids actually do. — Elon Musk (@elonmusk) January 1, 2023.

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Best lease-to-own EV deals

Baua Electric

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.

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