zzdcar
Home
/
Reviews
/
Buying
/
Let's Hope This Trend of Big Discounts on Electric Vehicles Continues
Let's Hope This Trend of Big Discounts on Electric Vehicles Continues-August 2024
2024-02-19 EST 22:09:18

Image for article titled Let's Hope This Trend of Big Discounts on Electric Vehicles Continues

The. Cars that were disqualified now may qualify, though only for a short time frame, and cars that used to qualify no longer get the benefits. It seems that some automakers are taking matters into their own hands and offering big discounts to offset the lack of tax credits.

There was a time when if you wanted an electric vehicle that wasn’t produced by GM or Tesla, finding one anywhere near MSRP was a challenge. While there are still some stores out there that haven’t gotten the memo on a shifting market, buyers in certain areas can score some serious discounts on select EVs. In many cases, these opportunities are even better than the tax credits because the discount immediately reduces the price of the car.

The . However, with some dealers offering upwards of $10,000 off the MSRP, those flaws could be overlooked.

Image for article titled Let's Hope This Trend of Big Discounts on Electric Vehicles Continues

I’ve spoken with a few Kia dealers who told me that they had a lot of buzz around thebut now that the car doesn’t get the tax credit these units are sitting on the lots. Some stores are putting some cash on the hood to move them.

Image for article titled Let's Hope This Trend of Big Discounts on Electric Vehicles Continues

There was a similar trend with, a super hot car, and dealers were selling them before the factory could make them. Now, some dealers are sitting on dozens of units, and buyers aren’t as excited about a $45,000 Hyundai EV at full retail price.

Image for article titled Let's Hope This Trend of Big Discounts on Electric Vehicles Continues

Of course, like most “deals” there are usually some caveats. These Ioniq 5s are advertised at $7,500 off for leased cars only as that hefty discount is a I also spoke to a few dealers in California and they said these discounts were exclusive to CA residents. However, some dealers elsewhere were willing to sell their cars to anyone in the country.

While big discounts like these aren’t widespread quite yet, this is, hopefully, a sign of EV pricing trending downwards to make these cars more affordable with less hassle. . Perhaps a positive unintended consequence of the Inflation Reduction Act in removing a large chunk of qualifying EVs is that it forced a market correction.

Tom McParland is a contributing writer for Jalopnik and runs . He takes the hassle out of buying or leasing a car. Got a car buying question? Send it to [email protected]

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Buying
At $11,995, Could This 2002 Porsche 911 Cabriolet Be Your Big Spring Fling?
At $11,995, Could This 2002 Porsche 911 Cabriolet Be Your Big Spring Fling?
At some point in time, it will once again be safe to leave your house. And what better way to celebrate that momentous event than with today’s 911 Cabrio? Let’s see if that popping out is popularly priced. Complaints about yesterday’s being a commercial van converted to consumer duty...
Aug 31, 2026
The 2020 Audi S4 Drives Like A Proper Sports Sedan Without Excess
The 2020 Audi S4 Drives Like A Proper Sports Sedan Without Excess
Sporty sedans may not be getting as much consumer love as they deserve these days, but there are still a few good ones tooling around. Namely, the 2020 . It’s still little(ish), still fun, still lithe, still puts a smile on your face. These are all things a good sport...
Aug 31, 2026
At $16,800, Does This 2014 Hyundai Genesis 3.8 R-spec Coupé Have The Invisible Touch?
At $16,800, Does This 2014 Hyundai Genesis 3.8 R-spec Coupé Have The Invisible Touch?
With its weird side window and weirdly compelling R-spec kit, today’s Hyundai Genesis is a pretty unique ride. Let’s see if this low-mileage coupé is compellingly priced to be the start of something big. I’ve been staying home of late, a situation that’s allowed me time to do some...
Aug 31, 2026
Dealers Are Frustrated The New BMW 8 Series Isn't Selling So Hot
Dealers Are Frustrated The New BMW 8 Series Isn't Selling So Hot
When BMW canceled the coupe, convertible, and Gran Coupe, and then sold a car just like it, in every configuration, but with more luxury at a higher price point, the writing should have been on the wall. But dealers are still upset that the current isn’t selling so hot....
Aug 31, 2026
The 2020 Audi Q7 Is A Serene Cloud On Wheels, Just Don't Make It Tackle Twisty Roads
The 2020 Audi Q7 Is A Serene Cloud On Wheels, Just Don't Make It Tackle Twisty Roads
As far as mild refreshes go, the is indeed mildly refreshed. From the outside, I wasn’t able to tell the difference between it and the previous version until someone from Audi put two photos side by side for me. No, all the changes are within for this one, which is...
Aug 31, 2026
With Many Dealers Forced To Close, Is Now A Good Time To Sell My Car Privately?
With Many Dealers Forced To Close, Is Now A Good Time To Sell My Car Privately?
As Jalopnik’s resident car buying expert and professional car shopper, I get emails. Lots of emails. I’ve decided to pick a few questions and try to help out. This week we are discussing private sales during Coronavirus, buying a car without a dealer-installed alarm, and checking dealer inventories for...
Aug 31, 2026
Copyright 2023-2026 - www.zzdcar.com All Rights Reserved