article thumbnail

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. Fleet customers including for BrightDrop and the Chevrolet Silverado EV will benefit from the $7,500 commercial incentive,” stated General Motors. The all-electric pickup truck is scheduled to launch by 2024.

article thumbnail

Chevy Bolt EV discount, Toyota tax-credit phaseout, EV market collapse: Today’s Car News

Green Car Reports

Retroactive discounts apply to the Chevrolet Bolt EV and EUV. Toyota likely hit the ceiling for the EV tax credit. Electric trucks could pull off the majority of fleet uses today at a cost advantage. Is the EV market on the verge of collapse over price pressures? This and more, here at Green Car Reports.

article thumbnail

News: 2023 Chevrolet Bolt EV/EUV Get Big Price Drop

Clean Fleet Report

Chevrolet announced this week that its 2023 Bolt EV and Bolt EUV are going to get major drops in price. These big price reductions, $5,900 for the Bolt EV and $6,300 for Bolt EUV, makes them more competitive as Chevrolet no longer qualifies for the federal $7,500 tax credit. Photos by Chevrolet. Same car, less cost.

article thumbnail

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. The Cadillac Lyriq and Chevrolet Blazer EV are losing the credit because of component qualifications, while all other EVs are temporarily losing eligibility.

article thumbnail

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. A spokesperson told the publication, "The Cadillac Lyriq and Chevrolet Blazer EV will temporarily lose eligibility for the clean vehicle credit on Jan.

article thumbnail

Feds: 90% of eligible EV purchases get tax credit at point of sale

Baua Electric

The majority of EV purchasers eligible for a federal tax credit have gotten the credit as a point-of-sale rebate since that option was added at the beginning of the year, The Treasury Department said in a press release. The tax credit can be claimed on Teslas at the time of purchase via its company-owned direct sales apparatus.

article thumbnail

Rivian tax breaks, Chevrolet Bolt EV sales surge, public chargers vs. total EVs: Today’s Car News

Green Car Reports

Rivian’s Georgia factory might have become a little more expensive. has some work ahead to catch up with other countries in providing enough public charging. And GM cranks out Bolt EVs but is on a slow ramp with Ultium. This and more, here at Green Car Reports. As part of a quarterly sales update, General Motors revealed Monday that.

Georgia 132