Introduction:
Honda and Acura have confirmed that the 2024 Honda Prologue and 2024 Acura ZDX will qualify for the full $7,500 federal EV tax credit. This tax credit will significantly reduce the base prices of these electric vehicles, making them more accessible to consumers. Both models are built by General Motors, utilizing its Ultium battery and propulsion technology. However, there have been some challenges with sourcing materials to comply with the EV tax credit rules. Despite this, Honda and Acura are forging ahead with their electric vehicle offerings, providing customers with more options in the growing EV market.
2024 Honda Prologue
The 2024 Honda Prologue is set to arrive at dealerships soon, and the $7,500 tax credit applies to both purchased and leased vehicles. This tax credit will bring the base price of the Prologue down to $41,295 with destination. Green Car Reports recently test drove the Prologue and found it to be a comfortable and spacious option for Honda owners interested in transitioning to an electric vehicle. The Prologue serves as a bridge for Honda customers while the company prepares to launch its Zero Series EVs in 2026.
2024 Acura ZDX
The 2024 Acura ZDX is also eligible for the $7,500 federal EV tax credit, bringing its base price below $60,000. By factoring in the destination charge, qualifying buyers can purchase a ZDX for $58,350. Acura is currently accepting orders for the ZDX, with deliveries slated to begin in the coming months. However, some concerns have been raised about the pricing of the ZDX in comparison to competing models, such as the Cadillac Lyriq.
General Motors Partnership
Both the Prologue and ZDX benefit from a partnership with General Motors, which provides them with access to GM’s Ultium battery technology. This collaboration has enabled Honda and Acura to align their battery materials sourcing and manufacturing processes with the EV tax credit regulations. Despite the challenges in sourcing, this partnership allows Honda and Acura to leverage GM’s expertise in electric vehicle technology.
Future Outlook
The introduction of the 2024 Honda Prologue and 2024 Acura ZDX marks an important step for Honda and Acura in the electric vehicle market. By offering EVs that qualify for the federal tax credit, Honda and Acura are making electric vehicles more affordable and accessible to consumers. As the companies continue to develop their EV lineup, customers can expect more innovative and sustainable options from Honda and Acura in the coming years.