Black Friday 2024 presents an exciting opportunity for consumers to purchase an electric vehicle (EV) at a significant discount. As electric cars continue to grow in popularity, car manufacturers and dealerships are preparing to offer some of the best deals of the year to make EVs more accessible. Whether you’re looking for an affordable entry-level model or a top-of-the-line luxury electric car, Black Friday is the perfect time to take advantage of limited-time offers, manufacturer incentives, and financing options.

This article will explore the best Black Friday 2024 electric car deals, provide tips on how to get the best discounts, and highlight some of the top EV models to look out for.

Why Black Friday is a Great Time to Buy an Electric Car

1. Manufacturer Incentives and Rebates

Many automakers provide special incentives and rebates during Black Friday to boost sales. These offers can include cash rebates, dealer discounts, or special financing terms, which can make a big difference in the overall price of the car.

2. Government Tax Credits

In addition to Black Friday discounts, consumers can take advantage of federal and state-level electric vehicle incentives. The U.S. government offers tax credits of up to $7,500 for eligible electric cars, which can significantly lower the price of your new EV.

3. End-of-Year Stock Clearance

Black Friday coincides with the end of the year, which means dealerships are eager to move out older inventory to make room for newer models. This can result in greater savings on electric cars, especially if you’re open to purchasing a slightly older model.

4. Zero-Interest Financing and Lease Deals

Many dealerships offer special financing options during Black Friday, including zero-interest loans or long-term financing with low monthly payments. For those who prefer leasing, dealerships may offer attractive lease deals with low down payments.

Top Electric Car Brands to Watch for Black Friday 2024 Deals

1. Tesla

Tesla has become a household name when it comes to electric vehicles, known for their cutting-edge technology, impressive range, and high performance. For Black Friday 2024, you may see:

• Discounts on Tesla Model 3 and Model Y, particularly on inventory models.
• Special financing options with low-interest rates.
• Tesla may also offer free upgrades to their Enhanced Autopilot package, or reduced prices on the Full Self-Driving (FSD) package.

Tesla doesn’t always offer significant price cuts, but they do provide limited-time promotions and financing offers, making it a great time to buy.

2. Chevrolet

Chevrolet has been a leader in the affordable electric car market with its Chevrolet Bolt EV and Bolt EUV models. On Black Friday 2024, Chevrolet may offer:

• Up to $5,000 off MSRP for certain Bolt models.
• Lease specials with low monthly payments.
• Government incentives like the federal EV tax credit.

The Chevrolet Bolt offers impressive range and technology at a relatively affordable price point, making it an excellent option for those looking to go electric without breaking the bank.

3. Ford

Ford has made significant strides in the electric vehicle market with its popular Mustang Mach-E and the upcoming all-electric Ford F-150 Lightning. For Black Friday 2024, you can expect:

• Discounts of up to $4,000 on Mustang Mach-E models.
• Special financing offers, including 0% APR for qualified buyers.
• Potential rebates or trade-in bonuses for older vehicles.

Ford’s EVs have garnered praise for their performance and style, especially the Mustang Mach-E, which competes with Tesla’s Model Y. If you’re looking for a versatile and well-rounded EV, Ford’s offerings could be an excellent choice.

4. Nissan

Nissan’s Leaf has long been a popular entry-level EV, offering great value for first-time EV buyers. For Black Friday 2024, Nissan might offer:

• Discounts of up to $4,000 on the Nissan Leaf.
• Special lease deals with low down payments.
• Available cash rebates and financing options.

Nissan’s Leaf continues to be a great option for buyers who prioritize affordability, making it an excellent choice for those seeking a more budget-friendly electric vehicle.

5. BMW

BMW’s i4 and iX models have made a name for themselves in the luxury EV market, offering advanced technology, powerful performance, and premium features. On Black Friday, BMW might offer:

• Savings of up to $3,000 on select i4 and iX models.
• Low-interest financing or special lease deals.
• Cash incentives or trade-in bonuses on certain models.

For those looking for a luxury EV that combines performance with eco-consciousness, BMW’s i4 and iX are fantastic options to consider.

How to Get the Best Black Friday 2024 Electric Car Deals

1. Do Your Research Early

Start researching the models you are interested in well before Black Friday. Make sure to compare prices, available rebates, and government incentives to understand the potential savings.

2. Check for Manufacturer Rebates and Financing Offers

Look for manufacturer-specific rebates, trade-in bonuses, and financing deals. Many EV manufacturers offer zero-interest loans or long-term financing during Black Friday, which can be a great way to save on monthly payments.

3. Take Advantage of Online and In-Store Deals

While in-person shopping is a tradition on Black Friday, many car dealerships now offer online specials that can be just as lucrative. You may be able to browse inventory, apply for financing, and even complete the purchase all from the comfort of your home.

4. Look for End-of-Year Inventory Clearance

As Black Friday coincides with the end of the year, dealerships may be eager to clear out older stock to make room for next year’s models. This is an excellent time to negotiate for a great price on a new EV.

5. Understand the Total Cost of Ownership

While upfront discounts are important, it’s also essential to consider the total cost of ownership, including savings on fuel, maintenance, and tax incentives. EVs generally have lower operating costs compared to traditional gas-powered vehicles, so these long-term savings can make a significant difference.

Comparison Table: Best Black Friday 2024 Electric Car Deals

Conclusion

Black Friday 2024 offers a fantastic opportunity to score a great deal on an electric vehicle. Whether you’re looking for an affordable city car, a luxury sedan, or a family-friendly SUV, there will be discounts and promotions from major manufacturers like Tesla, Ford, Chevrolet, Nissan, and BMW. By taking advantage of limited-time offers, rebates, and government incentives, you can drive home in a new electric car at a price that fits your budget.

To make the most of these deals, research your options early, check for rebates and financing offers, and shop both online and in-person. With the right preparation, you’ll be able to score the electric car of your dreams this Black Friday.

References:

• Tesla
• Chevrolet
• Ford
• Nissan
• BMW