Let's Hope This Trend of Big Discounts on Electric Vehicles Continues

The new rules for getting a tax credit when purchasing an electric vehicle are a bit convoluted. 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.

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The Volkswagen ID.4 has gotten mixed reviews in terms of the quality of materials and driving dynamics. However, with some dealers offering upwards of $10,000 off the MSRP, those flaws could be overlooked.

I’ve spoken with a few Kia dealers who told me that they had a lot of buzz around the new EV6 when it launched, but 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.