After introducing new incentives, the Honda Prologue EV is now cheaper to lease than Tesla’s Mannequin Y. Honda believes the Prologue hits the “candy spot” of the electrical SUV market on the proper worth. Can it compete with Tesla’s best-selling Mannequin Y?
After kicking off manufacturing of its first world electrical SUV in February, the Honda Prologue started hitting US dealerships in March.
Powered by GM’s Ultium platform (the identical one underpinning Chevy, Cadillac, and GMC EVs), the Honda Prologue consists of as much as 296 miles vary. Honda claims it has the “highest commonplace driving vary in its class.”
To make it extra “sporty and interesting,” Honda adjusted the platform with multi-link entrance and rear suspensions.
The 2024 Honda Prologue is on the market in 5 variants, beginning at $47,400. All are powered by an 85 kWh lithium-ion battery, which may add 65 miles of vary in roughly 10 minutes.
All Prologue fashions embrace a set of Honda Sensing security and driver-assistive tech. Different key options embrace Google built-in, Apple CarPlay and Android Auto compatibility, and a wi-fi telephone charger.
Two-wheel drive fashions are powered by a 212 hp electrical within the entrance. In the meantime, dual-motor AWD variants function as much as 288 hp and 333 lb-ft of torque.
With the $7,500 EV tax credit score, the 2024 Honda Prologue worth falls as little as $39,900 (with out vacation spot).
2024 Honda Prologue trim |
Beginning Value (w/o $1,395 vacation spot charge) |
Beginning worth after tax credit score (w/o $1,395 vacation spot charge) |
Beginning worth after tax credit score (with $1,395 vacation spot charge) |
EPA Vary (miles) |
| EX (FWD) | $47,400 | $39,900 | $41,295 | 296 |
| EX (AWD) | $50,400 | $42,900 | $44,295 | 281 |
| Touring (FWD) | $51.700 | $44,200 | $45,595 | 296 |
| Touring (AWD) | $54,700 | $47,200 | $48,595 | 281 |
| Elite (AWD) | $57,900 | $50,400 | $51,795 | 273 |
Honda Prologue EV worth in comparison with the Tesla Mannequin Y
Tesla has the Mannequin Y listed with a beginning worth of $44,990. With the $7,500 federal tax credit score, Tesla Mannequin Y costs fall to as little as $37,490.
And that’s with as much as 320 miles vary. The AWD Mannequin Y begins at $47,990 or $40,490 with the credit score.
Nonetheless, after slashing lease costs, the Honda Prologue is cheaper than the Tesla Mannequin Y. The 2024 Honda Prologue begins at simply $399 monthly.
The deal is for a 36-month lease with $3,999 due at signing. In keeping with on-line automobile analysis agency CarsDirect, Honda launched a brand new $2,000 lease incentive on all 2024 Prologue fashions throughout 15 states.
After the brand new incentive, lease costs are $70 cheaper than earlier than at an efficient price of $510 monthly. Compared, the Tesla Mannequin Y is listed at $399 monthly with $3,999 due at signing, amounting to $513 monthly.
With a $1,000 loyalty bonus, lease costs may be as little as $369 monthly, with $3,999 due at signing. This quantities to an efficient value of $480 monthly.
In the meantime, a number of rivals are additionally providing large incentives to lease their new EVs. The 2024 Chevy Blazer EV begins at $439 monthly to lease, which is almost the identical because the gasoline mannequin.
Genesis is providing offers on its luxurious electrical SUVs. The 2024 Genesis GV60 EV has an efficient lease price of $506 monthly, whereas lease costs for the bigger GV70 Electrified begin at simply $510 monthly.
Should you’re out there for a brand new EV, there are some huge financial savings alternatives proper now. You need to use our hyperlinks beneath to search out offers on common EV fashions in your space.
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