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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.

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GM says EV hurdles are ‘not an issue now’ as new models roll out

Baua Electric

However, CEO Mary Barra says those bottlenecks are a thing of the past as new models like the Chevy Equinox , Blazer, and Silverado EVs hit the market. That’s for the base 2LT AWD model with up to 279 miles range. The company calls the new Equinox the “most affordable EV” in its class, with over 300 miles of range.

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

Baua Electric

Nominally a compact crossover SUV with 285 to 319 miles of EPA-estimated range, it’s priced competitively, with prices starting at $43,295 (including a mandatory $1,395 delivery fee). 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.

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GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share

Baua Electric

The Blazer EV (600) and Silverado EV (1,061) contributed to the Ultium sales growth. New models coming to boost market share Meanwhile, the new electric Chevy Equinox, which GM says is the most affordable EV with over 300 miles range, is already available to order. Chevy’s Blazer EV is also eligible for the $7,500 tax credit.

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GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share

Baua Electric

The Blazer EV (600) and Silverado EV (1,061) contributed to the Ultium sales growth. New models coming to boost market share Meanwhile, the new electric Chevy Equinox, which GM says is the most affordable EV with over 300 miles range, is already available to order. Chevy’s Blazer EV is also eligible for the $7,500 tax credit.

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Cadillac teases new Opulent Velocity performance EV concept, is it too little too late?

Baua Electric

General Motors has already pushed back production of several key electric models, including the Equinox EV, Silverado EV, and GMC Sierra Denali EV. After regaining eligibility for the $7,500 EV tax credit, the Chevy Blazer EV 2LT AWD starts at $42,695 (including the credit). appeared first on Bauaelectric Auto News.