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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

You should consult your own tax, legal and accounting advisors before engaging in any transaction. Federal EV Tax Credit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car.

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Electric Vehicle Spotlight: Financing a Chevrolet Bolt EUV

EV Life

Budget models like the Chevrolet Bolt EV, SUV crossovers like the Equinox Blazer EV, electric versions of popular legacy models like the Blazer EV, and high-performance trucks like the Silverado EV make up what is becoming an impressive lineup of all-electric options. Federal, State, and Local EV Incentives Federal Tax Credit.

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Want a Free Chevy Bolt? EV Life Can Help You Use EV Incentives to Save Big

EV Life

In addition to the Chevy Bolt EV, considered the top-rated electric vehicle right now according to Edmunds, and its slightly more spacious cousin, the Bolt EUV, Chevrolet plans on releasing more electric options in 2023 and 2024, including the Chevrolet Silverado EV, Chevrolet Equinox EV, and Chevrolet Blazer EV.

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GM Q4 sales: Ultium grows, Bolt ends best year ever as GM has 3.1% EV share

Baua Electric

Both Lyriq and Hummer EV sales grew, and Blazer and Silverado EV finally saw deliveries of cars to the public, though still in small numbers. The Silverado EV also started deliveries to customers, but only the work truck version is available so far. FTC: We use income earning auto affiliate links. 3% is pathetic.

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The Hottest EVs Coming Out in 2023-2024 and How to Save Big on Them

EV Life

Chevrolet Silverado EV Release Date: Spring 2023 Starting Price: Est. $52,000 Another exciting release for Chevrolet, the Silverado EV, provides an array of capabilities that traditional truck enthusiasts will love. Every one of them qualifies for the federal EV tax credit outlined in the Inflation Reduction Act of 2022.

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Road Test: 2022 Chevrolet Bolt EUV

Clean Fleet Report

In less than half a year since then, Chevrolet has introduced two larger all-electric SUVs, the Blazer EV and Equinox EV , as well as the Silverado EV pickup. The Bolt EUV no longer qualifies for federal tax credits, but will qualify for credits in some states and will probably be eligible under the new tax credit system.

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Review: 2024 Chevy Equinox EV delivers 300 miles for under $40k

Baua Electric

As of now, every version of both cars qualifies for the $7,500 EV tax credit —now a point-of-sale purchase rebate for eligible buyers. Its controls are largely conventional, including a stalk for the windshield wipers, and knobs or switches for climate control and audio volume. The 3RS has similar appearance upgrades to the 2RS.

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