Key Takeaways

• Significant discounts on luxury EVs are expected as dealers look to clear 2024 and 2025 model inventories.
• The Genesis GV60 and BMW i4 are among the most stocked models heading into 2026, providing potential negotiation leverage for buyers.
• Discontinued models may see even deeper price cuts, especially as year-end sales approach.

Luxury EV Discounts on the Horizon

Many luxury electric vehicles (EVs) are poised to become more affordable as the market approaches 2026. A substantial number of dealers still have leftover inventory from 2024 and 2025 models, and they are motivated to move these vehicles off their lots. This situation presents a unique opportunity for consumers to secure better deals even without the federal $7,500 EV incentive.

iSeeCars has compiled a study identifying the models with the highest leftover inventory. The 2024 model year vehicles are especially attractive, as they have depreciated but are still new. The Genesis GV60 leads the list, with 21.8% of its inventory still unsold, followed by the Dodge Charger at 20.9%, with the Chevrolet Silverado EV and GMC Hummer EV SUV also included in the mix.

Automakers are already focusing on 2026 and 2027 models, which further increases the chances of securing a favorable price on these 2024 models. Karl Brauer, an executive analyst at iSeeCars, remarked that the previously wide-ranging EV incentives did not sufficiently stimulate buyer interest in these older models, making it a prime time for negotiations.

For 2025 models, while the discounts may not be as steep as those for 2024, dealers are still eager to sell. The BMW i4 tops the list for 2025 inventory, showing 89.2% remaining, followed closely by the Porsche Macan at 67.8%. Other notable models include the Volkswagen ID.4 and Cadillac Escalade IQ. There remains potential for additional discounts as January 2026 approaches and dealers strive to make space for newer arrivals.

Furthermore, discontinued EV models are likely to see even steeper discounts. Cars like the Audi Q8 E-Tron, Mercedes-Benz EQB, and Polestar 2 are no longer offered as new in the U.S. market. Dealers may be more willing to adjust prices significantly in order to clear out these legacy models.

Brauer explained that year-end timing combined with leftover inventories often results in favorable conditions for car buyers, making it an excellent opportunity to find value in what are essentially ‘leftover’ or ‘discontinued’ vehicles.

In conclusion, as 2023 closes and the market transitions into 2026, savvy buyers can expect to find steep discounts across various electric vehicles. Whether interested in older models with high inventory or seeking discontinued options, potential buyers have a promising landscape to explore in pursuit of a new luxury EV.

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