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The Honda Prologue Gets Major Boost with Federal Tax Credit Eligibility

The Truth About Cars

The automaker recently announced that its upcoming Prologue EV would be eligible for federal tax credits of $7,500, meaning buyers can get around 15 percent off the SUV’s purchase price at the point of sale. Tax credits bring the Prologue’s starting price down to $41,295 after a $1,395 destination charge.

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify.

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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share

Baua Electric

The Blazer EV (600) and Silverado EV (1,061) contributed to the Ultium sales growth. New models coming to boost market share Meanwhile, the new electric Chevy Equinox, which GM says is the most affordable EV with over 300 miles range, is already available to order. Chevy’s Blazer EV is also eligible for the $7,500 tax credit.

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GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share

Baua Electric

The Blazer EV (600) and Silverado EV (1,061) contributed to the Ultium sales growth. New models coming to boost market share Meanwhile, the new electric Chevy Equinox, which GM says is the most affordable EV with over 300 miles range, is already available to order. Chevy’s Blazer EV is also eligible for the $7,500 tax credit.

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Toyota 3-row EVs, Tesla price cuts, electric G-wagen, airless tires: The Week in Reverse

Baua Electric

The Tesla Model Y undercuts the Model 3 by $5,000 —for those who are EV tax credit eligible—under the latest round of Tesla price cuts made last weekend. Badged the G 580 with EQ Technology, this model will allow a trick G-Turn on low-friction surfaces, and it might return more than 300 miles of EPA range.

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Cadillac teases new Opulent Velocity performance EV concept, is it too little too late?

Baua Electric

General Motors has already pushed back production of several key electric models, including the Equinox EV, Silverado EV, and GMC Sierra Denali EV. After regaining eligibility for the $7,500 EV tax credit, the Chevy Blazer EV 2LT AWD starts at $42,695 (including the credit). GM lowered Blazer EV prices by up to $6,500.