Battery Dealers GMC Tax Credit 
Baua Electric
JANUARY 3, 2024
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. 4, Ford Mustang Mach-E, and Nissan LEAF.
Baua Electric
JULY 25, 2024
Photo: GMC Based on the latest incentive data, the 2024 GMC Sierra EV lease price costs nearly twice as much as GMC’s HUMMER EV. The 2024 GMC Sierra EV lease prices could start at over $1,700 a month. CarsDirect reports that the 2024 GMC Sierra EV has a 36-month money factor of 0.00341. Get started here.
Baua Electric
MAY 17, 2024
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.
Clean Fleet Report
JUNE 4, 2022
These big price reductions, $5,900 for the Bolt EV and $6,300 for Bolt EUV, makes them more competitive as Chevrolet no longer qualifies for the federal $7,500 tax credit. In August 2021 Chevrolet stopped production of both models as there was a battery recall. Bolt EUV $28,195 ($34,495). But it is more than that.
EV Adoption
AUGUST 19, 2021
Should expensive electric vehicles be excluded from the federal electric vehicle tax credit (IRC 30D)? While this question is often hotly debated on social media, the proposed changes to IRC 30D would draw a line in the sand and establish an $80,000 MSRP cap on the credit.
EV Adoption
JANUARY 8, 2022
4 was only beginning to reach US dealers. A third key trend is of course the drop in sales to nearly zero (25) in Q4 for GM’s Chevrolet Bolt, which suffered from both a battery recall due to fires and a stopping of production. For the year the Mach-E outsold the ID.4 4 by 10,398 units. 4 by an average of 1,419 units per quarter.
EV Adoption
NOVEMBER 26, 2021
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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