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Colorado Electric Vehicle Tax Credit Rises to $5,000

EV Life

Great news for drivers looking to purchase an electric vehicle in Colorado! But the most exciting part of the new bill for many Colorado residents is the expansion of an additional Colorado Electric Vehicle Tax Credit for qualified drivers looking to purchase electric vehicles. What Are Electric Vehicle Incentives?

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. But there are a few more hoops to jump through if you want the government to offer some cash back on your EV purchase.

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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

Chevrolet has continued that trend in the last few years—emerging as a major leader in the electric vehicle industry. Today, we’ll be taking a look at one of Chevy’s most popular, affordable, and revolutionary offerings, the Chevrolet Bolt EUV. Federal, State, and Local EV Incentives Federal Tax Credit.

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The Best Electric SUVs on the Market

EV Life

The Model Y qualifies for the full $7,500 federal EV tax credit. At the moment, the Mach-E only qualifies for half of the federal EV tax credit, providing eligible drivers a credit of up to $3,750. The Chevy Bolt EUV also qualifies for the full $7,500 federal EV tax credit. The other upside?

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Nissan offers Chevy Bolt EV drivers a deal to buy a new LEAF

Baua Electric

Nissan is enticing Bolt EV drivers with a new incentive with the purchase or lease of a LEAF. After regaining access to a part of the federal EV tax credit earlier this year, the LEAF can be bought for as little as $24,390. If you drive a Chevy Bolt EV or EUV model, Nissan wants you to buy (or lease) a new LEAF.

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If you bought a Chevy Blazer EV, you may be eligible for an up to $6,500 reimbursement

Baua Electric

It also regained full eligibility for the $7,500 EV tax credit, bringing starting prices down to as low as $42,695. 2024 Chevy Blazer EV RS (Source: GM) After adding the Blazer EV RS AWD to its fleet last year, Edmunds received a letter from Chevrolet offering a $5,620 reimbursement.