In an effort to clear inventory, Mercedes-Benz is following a growing number of automakers by providing steep discounts on its 2023 EV cars. The discounts on the 2023 Mercedes-Benz EQS are up to $20,000 off MSRP, but act quickly as these offers won’t last long.

Mercedes Increases Rebates to get Rid of 2023 EQS EV Vehicles

In the fall of 2021, Mercedes introduced the EQS electric sedan to the US market. It started assembling the EQS SUV and its batteries at its Tuscaloosa, Alabama, plant in August of the following year.

Older versions are being cleared out in preparation for the later this year debut of a revised EQS sedan.

A recent dealer note (via CarsDirect) suggests that MSRP reductions for Mercedes EQS EV cars from 2023 could reach up to $20,000. The offer is only valid through April 1st, and cars are selling out quickly, so you might need to move quickly.

The 2023 EQS models have a $7,500 lease incentive cash offer advertised on their website. Mercedes does, however, state in the fine print that the offer also requires a $9,699 dealer contribution. This has a $10,000 maximum.

Mercedes is having a sale on its EQS car and SUV variants. It works well for leasing or purchasing.

Mercedes is reportedly providing a new “Full-Court Press” Cash incentive on the AMG EQS Sedan worth up to $10,000, according to online vehicle research firm CarsDirect.

The 2023 Mercedes EQS AMG has up to $20,000 off MSRP with stackable discounts. In the meantime, a $5,000 discount is applied to the EQS 450 and $7,500 is given to the EQS 580.

That being said, there is a severe shortage of inventory, so these offers won’t last long. There is presently only a $1,000 incentive available for the new 2024 models; no additional reductions are being offered.

The new promotions follow the introduction of large discounts by Volkswagen, Ford, and Hyundai to get rid of their EV versions.