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-November 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
Would You Pay $4,750 For This 1993 Mercedes Benz 600SEL?
Would You Pay $4,750 For This 1993 Mercedes Benz 600SEL?
Today's Mercedes is claimed to have at one time been big in Japan. It is in fact big everywhere goes, and since it's here now and for sale, we'll need to decide if its price makes it a big deal. When Mercedes introduced their W140 flagship in 1990 journalists of...
Nov 4, 2025
For $12,000, Will This 1988 Porsche 944’s V8 Quell The Haters?
For $12,000, Will This 1988 Porsche 944’s V8 Quell The Haters?
One of the original complaints about Porsche's 924 was that it lacked enough power to properly represent the brand, and the company's answer to that was the 944. Today's 944 wanted even more and so its builder has looked outside the brand, to Chevy. Will this LT1-powered Porsche also power...
Nov 4, 2025
Would You Pay $59,998 For Eddie Van Halen’s 1990 Ferrari 348ts?
Would You Pay $59,998 For Eddie Van Halen’s 1990 Ferrari 348ts?
Today's Ferrari is said to have once been owned by the rock guitar legend Edward Van Halen. You'll need to decide if that provenance, along with some other factors means its price also totally rocks. If it weren't for the fact that he is very much alive, Herbert Hartge would...
Nov 4, 2025
For £51,600, This 1998 Hartge Z3 M Coupe Is A 5.0 On The Richter Scale
For £51,600, This 1998 Hartge Z3 M Coupe Is A 5.0 On The Richter Scale
Americans may have a hard time trying to buy today's 5.0 M-Coupe by Hartge, but that doesn't mean they can't Google an exchange rate and see just how much they should care about what they're missing. Small European car, big American V8. That's a combination that's been winning hearts and...
Nov 4, 2025
For $3,950, Is This 1989 Peugeot 505 Wagon The One?
For $3,950, Is This 1989 Peugeot 505 Wagon The One?
The seller of today's Peugeot claims it's the "one to have." It is a pretty interesting ride even if you aren't a Francophile, but will its price have you saying Merci or Merde? Disneyland once had this Circle-Vision film called America the Beautiful which showed audiences highlights of the United...
Nov 4, 2025
The Best Performance Car For Less Than $30,000
The Best Performance Car For Less Than $30,000
You have a problem. You want a performance car, but you don't have the means to get a Ferrari or even a Corvette Z06... unless you want to live in it too. But don't fret, Mr. or Mrs. Gearhead, because the automakers have plenty of budget choices for you. This...
Nov 4, 2025
Copyright 2023-2025 - www.zzdcar.com All Rights Reserved