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General Motors sidesteps loss of EV tax credit to offer big discounts for customers

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General Motors is sidestepping the loss of the electric vehicle tax credit on its vehicles and will still offer a big $7,500 discount on cars for customers. In December, GM said it would temporarily lose eligibility for the credit on some of its cars. can qualify for EV tax credits. 43 vehicles had qualified in 2023.

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Honda believes it will outpace US rivals as its first electric SUV is available in all markets

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The Honda Prologue is now available at most dealers, spanning all US markets. The new electric SUVs are based on GM’s Ultium platform. Lance Woelfer, vice president of auto sales at Honda America, told Automotive News , the GM partnership has been a success so far. We can help you get started.

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

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GM had its fair share of EV hurdles last year, leading to disappointing sales. Moving past Production Hell After delivering 75,883 electric cars last year, GM missed its goal of selling 100,000 EVs in the second half of 2023. GM’s delayed rollouts were caused by software issues, freight delays, and other factors.

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Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

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According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. With a $7,500 tax credit on the line, Hyundai has pulled the timeline forward as quickly as possible. Munoz said EVs produced at the new plant will qualify for the tax credit.

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

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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. The 1LT will be available with prices as low as $27,495. An affordable Chevy Camaro EV?

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

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2023 Chevy Bolt EUV (Source: Chevrolet) GM has released its Q4 sales numbers , showing Ultium still ramping steadily, but overall EV sales are down as its best-selling model, the Bolt, winds down as Chevy takes it off the market in its best year of sales ever – leaving GM with only 3.1% EV share, well below the US average.

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2025 Cadillac Escalade IQ price estimated to start at ~$130,000

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The Cadillac Escalade IQ will be available in four trims, with prices ranging from $129,990 to $150,490. The prices above are the MSRP estimates, excluding tax, title, license, and dealer fees. Ultimately, dealers set the final price. For comparison, the 2024 Cadillac LYRIQ starts at $57,195. The Sport 2 offers 19.2