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Report: Many GM and Ford EVs will lose tax credits in 2024

Green Car Reports

According to a report citing GM directly, the Chevy Bolt EV will be the only EV from the automaker qualifying for the full EV tax credit from Jan. GM did say that the Chevrolet Blazer EV and Cadillac Lyriq are due to regain.

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Chevy Blazer EV and Cadillac Lyriq will lose tax credit eligibility, but only temporarily

Electrek

GM revealed the new Chevy Blazer EV and Cadillac Lyriq are expected to lose eligibility for the EV tax credit starting January 1. According to GM, the disqualification is only temporary due to minor components.

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GM Will Discount Models Not Currently Eligible for $7,500 Tax Credit

The Truth About Cars

The EV tax credit rules changed again at the beginning of 2024, and stricter requirements on battery materials sourcing cut several previously qualified models from the list. Most GM models failed to make the cut, at least temporarily, and the automaker is offering $7,500 compensatory discounts to keep sales flowing.

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General Motors sidesteps loss of EV tax credit to offer big discounts for customers

Teslarati

General Motors is sidestepping the loss of the electric vehicle tax credit on its vehicles and will still offer a big $7,500 discount on cars for customers. In December, GM said it would temporarily lose eligibility for the credit on some of its cars. can qualify for EV tax credits.

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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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Cadillac's New Electric V-Series Concept is Far From a Silent EV

The Truth About Cars

The car’s announcement coincides with the 20th anniversary of Cadillac’s V-Series, which debuted at Sebring in 2004 with the CTS-V. Cadillac has since created several performance cars, including the most recent and most rowdy, the Escalade-V. Cadillac currently sells two EVs, the Lyriq SUV and the Celestiq sedan.

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