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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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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.

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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.

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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.

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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. With the tax credit, the Chevy Equinox EV price could fall as low as $35,295. Chevy’s Blazer EV is also eligible for the $7,500 tax credit. With the credit, it can be bought for as little as $42,695.

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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. With the tax credit, the Chevy Equinox EV price could fall as low as $35,295. Chevy’s Blazer EV is also eligible for the $7,500 tax credit. With the credit, it can be bought for as little as $42,695.

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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. It might also be EV tax-credit-eligible while other Model 3 versions aren’t. dealerships to sell its EVs. vehicle share, and about 20% of all cars sold globally.

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