Current Dodge Lessees Can Get $1000 Off The Electric Daytona, Plus The $7500 EV Rebate [Correction]

It’s no secret that the new Charger Daytona EV is incredibly important for Dodge. The brand has marketed it as a purebred successor to the outgoing generation, or as pure as a Charger sans gasoline engine can be. There’s no V8 )or v-anything) to be spec’d under the hood, but at least you get simulated exhaust noises and a subwoofer to emulate the rumble of a muscle car. And if that’s not enough to lure you to your local Dodge dealer, perhaps a four-figure (and not too far from five) buying incentive will do the trick – provided you’re currently leasing a Dodge something.

According to Cars Direct, the new Daytona EV is officially part of a loyalty discount program. Current Dodge lessees will receive $1,000 off the new coupe or sedan when they lease either. Keep in mind that Daytona EV is potentially eligible for a $7,500 federal tax credit too. That means that those interested could end up with $8,500 off of this new electric Charger.

Dodge says that the new Charger will start at $59,595 before a $1,995 destination fee. That figure also doesn’t include whatever dealer markup one might find in their local area. The two-door coupe version of the Charger is due later this year while the four-door sedan will begin production in 2025.

While Dodge has announced pricing, it hasn’t announced any details surrounding lease financing, terms, or conditions. That’s important info because these discounts only apply when the Charger EV is a lease. It’s also noteworthy that this new $1,000 loyalty discount isn’t advertised by Dodge. Eligible customers will evidently get an email with a bonus cash coupon.

Those who want to buy the car outright won’t be eligible for either discount as of this writing. That’s because the Charger itself doesn’t meet the requirements of the Inflation Reduction Act to qualify. At the same time, a loophole in that act allows most EVs to qualify when leased. That’s how this particular deal works. Notably, state and energy company incentives could drive the total price even lower as we’ve seen on some cars in states like Colorado.

Considering just how early we are into the launch of the Daytona EV, it’s likely a good idea to be patient. Beyond the potential for markups, there’s no word on how these cars drive or how they are to live with. On top of that, the loyalty discount runs through March 31, 2025 so other discounts, potentially more lucrative ones, could pop up between now and then.

As a reminder, the new Charger Daytona EV comes with a 400-volt dual-motor system and standard all-wheel drive. The base model, dubbed the R/T, makes 496 horsepower. Dodge will also offer a Scat Pack trim with up to 670 horsepower and a 0-60 mph time of 3.3 seconds. Both trims get the fancy (and very controversial) Fratzonic exhaust sound system.

Gas-powered versions of the Charger are also coming but not until next year. When they do arrive, they’ll bring with them straight-six Hurricane engines and exactly zero EV discount opportunities.

Interested parties should contact their local dealer and maybe even check out the online configurator. It’s the only one we’ve ever seen that allows potential buyers to see what it’s like to get locked in the trunk of a car. Really, it lets you do that. Go check our coverage  here and tell us if you think the electric Charger Daytona is more interesting with a $8,500 discount.

[Update: The initial headline stated that Dodge was giving $8500 to Charger owners. In fact, $7500 is coming from the government. The initial headline was misleading and inaccurate. We’ll do better in the future. -DT].