The Honda-GM partnership will give Acura a competitive edge against automakers that import EVs, especially Hyundai and Kia, following the passing of the Inflation Reduction Act, which limited the $7,500 federal tax credit to EVs that, along with their batteries, are assembled in North America. Complex battery material sourcing rules are also expected to kick in early 2023.
Glenn Davis, the chairman of the Acura National Dealer Advisory Board, told Automotive News that getting an electric vehicle to market quickly is crucial for Acura as all luxury manufacturers without an EV are losing market share to Tesla.
