Remove Auto Remove Purchase Remove Silverado Remove Tax Credit
article thumbnail

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.

article thumbnail

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.

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

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.

article thumbnail

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.

article thumbnail

Does EV home-backup capability outmode the Tesla Powerwall?

Baua Electric

GM last week announced details regarding its vehicle-to-home (V2H) system, set to launch with the Chevrolet Silverado EV RST , that will help EV owners back up their home without the help of a storage battery like a Tesla Powerwall or a backup generator. appeared first on Bauaelectric Auto News.

GM 52
article thumbnail

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.

F-150 52