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GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. Chevrolet, a GM brand, unveiled the Silverado EV earlier this year. The Chevrolet Silverado EV will be equipped with GM’s Ultimum Platform and probably the Ultium battery pack.

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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. This comes after several GM electric models were excluded, starting this week. According to GM, the setback is only temporary due to “two minor components” in the EV models. Until then, GM will fill in the gap for buyers.

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Honda Prologue, Acura ZDX qualify for full $7,500 EV tax credit

Baua Electric

The 2024 Honda Prologue and 2024 Acura ZDX will both qualify for the full $7,500 federal EV tax credit, Honda and its Acura luxury brand have confirmed. The tax credit drops the Prologue’s base price to $41,295 with destination. 2024 Acura ZDX The tax credit brings the ZDX’s base price below $60,000.

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GM resumes sales, cuts price of Chevy Blazer EV after software issue – ET Auto

Baua Electric

The Blazer price cuts and restored tax credit bring the effective price for qualified buyers down to USD 42,695 from the original USD 56,715 for the lowest-priced model. GM said it would cut the price of the Blazer by about USD 5,600 to USD 6,500 based on the trim level. Separately, GM on Feb.

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GM cuts 2024 Chevy Blazer EV price by thousands, resumes sales

Baua Electric

GM announced Friday that it’s dropping prices by up to $6,520 on its 2024 Chevrolet Blazer EV , while resuming sales and deliveries of the model to customers. GM paused sales of the Blazer EV in December. 2024 Chevrolet Blazer EV RS Chevrolet is also dropping prices on the Blazer EV by thousands.

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

Baua Electric

Cadillac gave a sneak peek of “the future of electric performance,” teasing its new Opulent Velocity EV concept. But with GM falling behind in the EV market, is a concept enough at this point? On the top of GM’s to do list this year is “getting vehicles out there right and getting the software,” according to Barra.

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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.