Honda Offers Generous Discounts on EVs for Labor Day

Honda is offering discounts on its electric vehicles, including the Prologue and Acura ZDX, for Labor Day. Leases for the Prologue start at $159 per month, while the Acura ZDX is available for lease at $299 per month. Both offers include the $7,500 EV tax credit, set to expire at the end of September. The Prologue is a top-selling electric SUV in the US, outselling the Ford Mustang Mach-E and Hyundai IONIQ 5 last month.

Honda is taking advantage of the impending expiration of the $7,500 federal tax credit for electric vehicles (EVs) by offering discounts on its electric models. The Labor Day promotions include the Honda Prologue and Acura ZDX, with lease terms starting at $159 and $299 per month, respectively. Both vehicles include the tax credit, which is set to expire on September 30, 2025 [1].

The Honda Prologue, an electric SUV, has been a top-selling EV in the US, surpassing the Ford Mustang Mach-E and Hyundai IONIQ 5 in sales last month. The Prologue's lease offer represents a significant saving for consumers looking to enter the EV market without committing to a full purchase [1].

The Acura ZDX, a luxury electric SUV, is also available for lease at a discounted rate of $299 per month. This offer is particularly attractive given the fast depreciation of EVs and the potential for technological advancements in the coming years [1].

Leasing an EV is often considered a better option than buying, especially for those new to electric vehicles. This is due to the rapid technological advancements and the potential for EVs to depreciate faster than traditional gas-powered cars [1].

The IRS has recently clarified that consumers can claim the EV tax credit even if the vehicle is not delivered by the deadline, as long as they have a contract and made a payment by September 30, 2025 [1]. This flexibility allows consumers to secure the tax credit without having to wait for the vehicle's delivery.

In summary, Honda's Labor Day deals on the Prologue and Acura ZDX present a compelling opportunity for consumers to enter the EV market with significant savings. The combination of competitive lease terms and the expiring federal tax credit makes these offers particularly attractive. Consumers should act quickly to take advantage of these deals before the tax credit expires on September 30, 2025.

References:
[1] https://autos.yahoo.com/articles/labor-day-good-time-save-222523245.html