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GM Will Discount Models Not Currently Eligible for $7,500 Tax Credit

The Truth About Cars

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. Most GM models failed to make the cut, at least temporarily, and the automaker is offering $7,500 compensatory discounts to keep sales flowing.

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

Teslarati

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.

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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 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. The Chevy Blazer EV is also eligible for the credit. 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

Baua Electric

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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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.

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Hyundai IONIQ 7 will go by IONIQ 9 as the brand’s first three-row electric SUV

Baua Electric

Including Kia and Genesis, Hyundai topped American automakers Ford and GM’s Chevy for second behind only Tesla. Despite rivals like Ford and GM pulling back on EV initiatives, Hyundai is doubling down. That’s more than the Cadillac Escalade, 3-row Land Rover Range Rover P400, and Mercedes EQS. of the market. of rear legroom.

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