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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. This comes after several GM electric models were excluded, starting this week. According to GM, the setback is only temporary due to “two minor components” in the EV models. Until then, GM will fill in the gap for buyers.

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

Baua Electric

GM had its fair share of EV hurdles last year, leading to disappointing sales. 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. GM’s delayed rollouts were caused by software issues, freight delays, and other factors.

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

Baua Electric

GM President Mark Reuss says the Camaro needs to be revived as a real pony car, hinting it could start at $35,000, similar to the new Equinox EV. With the $7,500 EV tax credit included, prices could fall to as low as $27,500. After recent price cuts, the electric Blazer starts at $42,695, including the credit.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share

Baua Electric

After losing EV market share in the US in the first three months of 2024, GM believes it can turn things around. GM expects new models like the Chevy Equinox EV and improved battery production will help regain EV market share in the second half of the year. With Chevy Bolt EV sales down 64% to just 7,040, GM lost market share from Q4.

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GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share

Baua Electric

After losing EV market share in the US in the first three months of 2024, GM believes it can turn things around. GM expects new models like the Chevy Equinox EV and improved battery production will help regain EV market share in the second half of the year. With Chevy Bolt EV sales down 64% to just 7,040, GM lost market share from Q4.

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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. With the credit included, the 2024 Blazer EV (2LT) starts at just $42,695 with up to 279 miles range. FTC: We use income earning auto affiliate links.

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