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The 2024 GMC Sierra EV’s lease price will give you sticker shock

Baua Electric

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. That’s equivalent to an interest rate of 8.18%, slightly higher than the HUMMER EV ‘s 8.06% rate. That’s 23% less than the HUMMER EV’s residual value of 76%. A money factor is expressed as a decimal.

Sierra 52
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GM hints at an affordable Chevy Camaro EV: A $35,000 real electric pony car?

Baua Electric

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. It also supports FWD, RWD, and AWD.

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The 2024 Chevy Silverado EV lease price costs as much as two Rivian trucks [update]

Baua Electric

The Silverado is also $555 per month more expensive than a HUMMER EV.) CarsDirect reports that, as per the dealer leasing guide, the reason for the inconsequential price cut is that the Silverado’s residual value increased by 6% to 61%. That’s for the RST trim based on an MSRP of $96,495 with destination and 10,000 miles a year.

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Proposed Changes to Federal EV Tax Credit – Part 3: MSRP Must Be Less Than $80,000

EV Adoption

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.

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Solving the Electric Vehicle Charging Conundrum

Cars That Think

So we're going to talk in miles, gallons and even miles per gallon. Is 381 miles by the shortest route and 420 miles if I take the Pennsylvania Turnpike. Is 381 miles by the shortest route and 420 miles if I take the Pennsylvania Turnpike. Steven Cherry What is a 300-mile range in real life?

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Solving the Electric Vehicle Charging Conundrum

Cars That Think

So we're going to talk in miles, gallons and even miles per gallon. Is 381 miles by the shortest route and 420 miles if I take the Pennsylvania Turnpike. Is 381 miles by the shortest route and 420 miles if I take the Pennsylvania Turnpike. Steven Cherry What is a 300-mile range in real life?

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

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.