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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. 4, Ford Mustang Mach-E, and Nissan LEAF.

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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

A survey from Cox Automotive estimates that electric vehicle sales in the US auto market could surpass 1 million units for the first time in 2023. Audi’s Q4 e-tron and Q8 e-tron, as well as the GMC Hummer EV SUV, have inventories that are well above 100 days. Electric cars currently account for about 6.5%

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

Baua Electric

Among the considerations were a 2+2 coupe, convertible, and two- and four-door SUVs. With the $7,500 EV tax credit included, prices could fall to as low as $27,500. Hummer EV (Source: GMC) The GMC Hummer, based on the Ultium platform, packs up to 1,000 hp and 11,500 lb-ft of torque.

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Toyota 3-row EVs, Tesla price cuts, electric G-wagen, airless tires: The Week in Reverse

Baua Electric

The Tesla Model Y undercuts the Model 3 by $5,000 —for those who are EV tax credit eligible—under the latest round of Tesla price cuts made last weekend. made electric SUV —in Princeton, Indiana, starting in 2026. That complements the other Toyota 3-row electric SUV set to be made in Kentucky in 2025.

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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. And it’s a better deal than ever now that the US EV tax credit is now easier to get for low-income buyers and available upfront as well, making it possible to get a Bolt for under $20k off the lot.

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3 Scenarios That Would Make An EV Ineligible For the Federal EV Tax Credit

EV Adoption

In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). But all of these PHEVs have batteries of around 9 kWh and so they could easily be upgraded to 10 kWh to qualify for the tax credit.

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

EV Life

There are dozens of new electric cars, trucks, and SUVs set to debut throughout 2023-2024, which is great news for drivers that are looking for the right EV to fit their needs. The Chevy Blazer is one of the most iconic SUVs ever made, and the Blazer EV is the newest addition to its storied legacy.

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