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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). What is less clear is how Tesla and GM will handle leases.

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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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Chevy Blazer EV lease prices drop to nearly the same as the gas-powered models

Baua Electric

With new incentives, Chevy Blazer EV lease prices can be just $10 more than the gas-powered model per month. The 2024 Chevy Blazer EV is part of GM’s revamped EV lineup, along with the Chevy Equinox and Silverado EVs. However, that’s not including the $7,500 EV tax credit. That’s for 24 months, with $1,679 due upfront.

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Colorado buyers of Chevy Volt eligible for $13,500 in tax credits

Green Car Congress

Colorado residents who purchase or lease a new Chevrolet Volt are eligible for a state tax credit of up to $6,000 in addition to a federal tax credit of up to $7,500 for a total price reduction of as much as $13,500. A tool to determine specific state or local electric vehicle tax credits is available here.

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GM hints at an affordable Chevy Camaro EV: A $35,000 real electric pony car?

Baua Electric

GM President Mark Reuss says the Camaro needs to be revived as a real pony car, hinting it could start at $35,000, similar to the new Equinox EV. With the $7,500 EV tax credit included, prices could fall to as low as $27,500. The Chevy Blazer EV is also eligible for the credit. An affordable Chevy Camaro EV?

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Chevy cuts 2025 Blazer EV prices, but here’s what you need to know

Baua Electric

After four months on the market, GM issued a stop-sale to fix its software. The electric Blazer also gained access to the full $7,500 federal tax credit, drastically lowering its starting price. With a starting price under $50,000, GM aims to compete with Tesla’s best-selling Model Y. Here’s what you should know.

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GM hopes new EVs like the $35K electric Chevy Equinox will help win back market share

Baua Electric

After losing EV market share in the US in the first three months of 2024, GM believes it can turn things around. GM expects new models like the Chevy Equinox EV and improved battery production will help regain EV market share in the second half of the year. With Chevy Bolt EV sales down 64% to just 7,040, GM lost market share from Q4.

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