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General Motors sidesteps loss of EV tax credit to offer big discounts for customers

Teslarati

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 Lyriq and Blazer EV will likely regain eligibility sometime early this year as GM plans to switch up sourcing so customers can take advantage of the tax credit.

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The 2024 GMC Sierra EV’s lease price will give you sticker shock

Baua Electric

Photo: GMC Based on the latest incentive data, the 2024 GMC Sierra EV lease price costs nearly twice as much as GMC’s HUMMER EV. The 2024 GMC Sierra EV lease prices could start at over $1,700 a month. CarsDirect reports that the 2024 GMC Sierra EV has a 36-month money factor of 0.00341. Get started here.

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GM is giving a $7,500 incentive on EV models that lost tax credit eligibility

Baua Electric

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.

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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. Audi’s Q4 e-tron and Q8 e-tron, as well as the GMC Hummer EV SUV, have inventories that are well above 100 days. As noted by Axios , such inventory corresponds to a 92-day supply, which is almost twice the industry average.

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Ram Truck Owners Can Get Up to $2,000 Off a New Ford F-150 Lightning

The Truth About Cars

The Lightning was the second electric truck to hit the market after the Rivian R1T, but the field has grown more crowded in recent times with the release of the Chevrolet Silverado EV and GMC Sierra EV, both direct competitors to the Ford. CarsDirect found the offer, which became public in an October 8 dealer note.

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Honda’s Prologue EV just had its best US sales month ever as nationwide rollout heats up

Baua Electric

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.

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Honda’s Prologue electric SUV is taking the US by storm

Baua Electric

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.

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