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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.

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Tesla Model Y’s complete lineup now qualifies for EV tax credits through Inflation Reduction Act

Teslarati

Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations.

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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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GM’s EV sales surge in back-to-back record months, narrowing gap with rival Ford

Baua Electric

After back-to-back record EV sales in July and August, GM is on the cusp of surpassing Ford this year. As new electric models like the Chevy Equinox and Blazer EVs hit the market, will GM overtake Ford in EV sales this year? Can GM top Ford after back-to-back record EV sales?

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GM resumes sales, cuts price of Chevy Blazer EV after software issue – ET Auto

Baua Electric

The Blazer price cuts and restored tax credit bring the effective price for qualified buyers down to USD 42,695 from the original USD 56,715 for the lowest-priced model. GM said it would cut the price of the Blazer by about USD 5,600 to USD 6,500 based on the trim level. 4, Honda Prologue and Cadillac Lyriq.

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Kia overtakes Hyundai in US electric vehicle sales in Q2 as its new EV9 sparks growth

Baua Electric

Ford 61% 7.2% Cadillac 441% 2.2% Top ten EV brands in the US in Q2 2024 (Source: Kelley Blue Book) Kia outpaces rivals, Hyundai in US EV sales in Q2 2024 General Motors, Ford (7.2%), and Tesla (49.7%) were the only automakers with a higher EV market share than Kia in Q2 2024. Ford 61% 7.2% Cadillac 441% 2.2%

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The Best Electric SUVs on the Market

EV Life

Like their electric car cousins, all-electric SUVs have come a long way—batteries have evolved to increase range and improve performance, new motors are providing impressive torque and towing capabilities, and prices have come down to make options more affordable, making these SUVs some of the most attractive sport utility options out there.

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