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GM is giving a $7,500 incentive on EV models that lost tax credit eligibility

Baua Electric

GM is offering a $7,500 incentive for EVs that lost eligibility for the EV tax credit. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024. Until then, GM will fill in the gap for buyers.

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GM hints at an affordable Chevy Camaro EV: A $35,000 real electric pony car?

Baua Electric

With the $7,500 EV tax credit included, prices could fall to as low as $27,500. GM has yet to reveal official specs and info, but the Chevy Camaro EV is expected to ride on its Ultium platform, which is also used for the Blazer, Equinox, Silverado, and GMC Hummer EV, Cadillac Lyriq EVs. FTC: We use income earning auto affiliate links.

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Chevy Blazer EV lease prices drop to nearly the same as the gas-powered models

Baua Electric

The 2024 Chevy Blazer EV is part of GM’s revamped EV lineup, along with the Chevy Equinox and Silverado EVs. However, that’s not including the $7,500 EV tax credit. You can use our link to find deals on the 2024 Chevy Blazer EV at a dealer near you. FTC: We use income earning auto affiliate links.

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GM says EV hurdles are ‘not an issue now’ as new models roll out

Baua Electric

However, CEO Mary Barra says those bottlenecks are a thing of the past as new models like the Chevy Equinox , Blazer, and Silverado EVs hit the market. Chevy also revealed specs for the decked-out Silverado EV RST First Edition. You can use our links below to view deals on new 2024 Chevy EV models at a dealer near you.

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GM Q4 sales: Ultium grows, Bolt ends best year ever as GM has 3.1% EV share

Baua Electric

Both Lyriq and Hummer EV sales grew, and Blazer and Silverado EV finally saw deliveries of cars to the public, though still in small numbers. The Silverado EV also started deliveries to customers, but only the work truck version is available so far. FTC: We use income earning auto affiliate links. 3% is pathetic.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.

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Want a Free Chevy Bolt? EV Life Can Help You Use EV Incentives to Save Big

EV Life

In addition to the Chevy Bolt EV, considered the top-rated electric vehicle right now according to Edmunds, and its slightly more spacious cousin, the Bolt EUV, Chevrolet plans on releasing more electric options in 2023 and 2024, including the Chevrolet Silverado EV, Chevrolet Equinox EV, and Chevrolet Blazer EV.