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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. The Lyriq and Blazer EV will likely regain eligibility sometime early this year as GM plans to switch up sourcing so customers can take advantage of the tax credit.

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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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Chevy Blazer EV goes on sale again with lower price tag

Teslarati

Chevy Blazer EV already seeing ~$10k markups from GM dealers “We are excited to have the Chevrolet Blazer EV available again, this time with a compelling price, enhanced features and functionality and qualifying for the full consumer tax credit,” said Scott Bell, Vice President of Global Chevrolet (via Automotive News ). .”

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GM says EV hurdles are ‘not an issue now’ as new models roll out

Baua Electric

However, CEO Mary Barra says those bottlenecks are a thing of the past as new models like the Chevy Equinox , Blazer, and Silverado EVs hit the market. The base 1LT, starting at $35,000, will be available later this year. Chevy also revealed specs for the decked-out Silverado EV RST First Edition.

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Chevy Equinox diesel offers EPA-rated 39 mpg hwy; starts at $31,435

Green Car Congress

l/100 km) on the highway (FWD model) with the available 1.6L Tax, title, license and dealer fees extra. Equinox sales have reached nearly 2 million since its launch and it is Chevrolet’s second-best selling vehicle, after the Silverado. The 2018 Chevrolet Equinox offers an EPA-certified 39 mpg (6.03 turbo-diesel engine.

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GM Q4 sales: Ultium grows, Bolt ends best year ever as GM has 3.1% EV share

Baua Electric

Both Lyriq and Hummer EV sales grew, and Blazer and Silverado EV finally saw deliveries of cars to the public, though still in small numbers. 463 Blazers were delivered to customers, marking the start of the model’s availability. The Silverado EV also started deliveries to customers, but only the work truck version is available so far.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.