Remove Price Remove Silverado Remove Tax Remove Tax Credit
article thumbnail

GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. Fleet customers including for BrightDrop and the Chevrolet Silverado EV will benefit from the $7,500 commercial incentive,” stated General Motors. The Ultium line will likely adhere to the U.S.

article thumbnail

The Honda Prologue Gets Major Boost with Federal Tax Credit Eligibility

The Truth About Cars

The automaker recently announced that its upcoming Prologue EV would be eligible for federal tax credits of $7,500, meaning buyers can get around 15 percent off the SUV’s purchase price at the point of sale. Tax credits bring the Prologue’s starting price down to $41,295 after a $1,395 destination charge.

article thumbnail

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. However, no other specifics were mentioned.

article thumbnail

The 2024 Chevy Silverado EV lease price costs more than two Rivian trucks

Baua Electric

Chevy Silverado EV RST (Source: GM) The 2024 Chevy Silverado EV lease prices are so expensive that you could lease two Rivian R1T Adventure trucks and still spend less. The folks at CarsDirect report that a Chevy bulletin sent to dealers lists the Silverado EV at $1,449 for 39 months, with $5,679 due at signing.

article thumbnail

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

Baua Electric

Chevy Silverado EV RST (Source: GM) The 2024 Chevy Silverado EV lease price is so expensive that it costs about as much as leasing two Rivian R1T Adventure trucks. July 24 update: In just three weeks, Chevy has reduced the lease price of its Silverado EV – the amount due at signing has been reduced. That’s a bit.

article thumbnail

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.

article thumbnail

Chevy Blazer EV lease prices drop to nearly the same as the gas-powered models

Baua Electric

With new incentives, Chevy Blazer EV lease prices can be just $10 more than the gas-powered model per month. The 2024 Chevy Blazer EV is part of GM’s revamped EV lineup, along with the Chevy Equinox and Silverado EVs. After slashing Blazer EV prices in March, the all-electric SUV starts at just over $50,000.

Gas 52