Affordable 2024 Honda Prologue, Acura ZDX Eligible for Tax Credit under $40k Responsible Price Point

Top Two All-Electric Crossovers Qualify for $7,500 Rebate

Honda recently declared that the MY2024 Honda Prologue and Acura ZDX will qualify for a generous $7,500 tax credit, bringing down the cost of these fresh electric crossovers significantly and increasing their attractiveness to potential buyers.

This update has arrived at the perfect moment for the car company. Sales of electric vehicles have been struggling, primarily due to their steep price point. As Honda introduces its first contemporary EV in the United States with the Prologue, it is crucial for it to be successful, and having a lower price could greatly increase its chances. The ZDX, being a more luxurious option, is less likely to face scrutiny from buyers regarding its cost. However, with the continuous growth of the market, the automaker must take advantage of any opportunity to offer more competitive pricing than its competitors.

The introduction has now caught up with competitors such as the 2024 Nissan Ariya, which recently underwent a reduction in price. The updated Volkswagen ID.4 also boasts comparable pricing to the Prologue and was previously among the shortlist of five electric vehicles qualified for the tax credit.

“Receiving the $7,500 EV tax credit for the Honda Prologue is fantastic news for our valued customers,” exclaimed Lance Woelfer, assistant vice president of Honda National Auto Sales. “The Prologue not only boasts a sleek and sporty design, but it is also competitively priced, making it the perfect choice for the EV market and fulfilling the desires of our customers.”

There is a minor condition to be aware of. Honda has announced that the majority of 2024 Prologue models will be eligible for the incentive. But what does this actually signify? Only vehicles manufactured after February 26, 2024 are eligible for the tax credit. However, Honda assures that all MY2024 Prologues are entitled to the incentive if leased. On the other hand, every ZDX model is qualified since customer deliveries have not commenced yet.

The Honda Prologue and its luxurious counterpart, the Acura ZDX, are manufactured in conjunction with the Chevrolet Blazer EV at General Motors’ Ramos Aripe factory in Mexico. All three vehicles share the same GM BEV3 platform, Ultium batteries, and Ultium drive motors. Collaborating on electric vehicles helps reduce expenses, and there were initial intentions for Honda and GM to join forces in creating budget-friendly electric cars. However, this alliance has since ended.

Honda and Acura have a variety of charging plans available for the Prologue and ZDX in order to enhance the overall value, with the same options offered for both vehicles.

Both versions will also be able to utilize the recently established Ionna charging network, in which Honda is among the seven original car manufacturers.