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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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Confused about the federal tax credit? 

Electric Auto Association

Know which EVs are eligible Chrysler Pacifica Plug-in Hybrid The Inflation Reduction Act of 2022 changed the rules for the US tax credit for electric vehicles (EV) purchased from 2023 to 2032. Sign up for our newsletter.

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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. GM to give $7,500 incentive for non-qualifying EVs Two weeks ago, GM said the new Chevy Blazer EV and Cadillac Lyriq would lose eligibility for the US EV tax credit at the beginning of 2024. 4, Ford Mustang Mach-E, and Nissan LEAF.

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DOE publishes list of EVs eligible for new tax credit

Teslarati

Department of Energy’s Alternative Fuels Data (DOE) published a list of electric vehicles that are immediately available for the new $7,500 EV tax credit. Ford Escape PHEV. Ford F Series. Ford Mustang MACH E. Ford Transit Van. Cadillac Lyriq. BMW 3-series Plug-In. Chrysler Pacifica PHEV. Nissan Leaf.

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US Treasury Makes More Tesla, Ford, GM EVs Eligible For Tax Credits

InsideEVs

The 5-seat Tesla Model Y, Cadillac Lyriq, Ford Mustang Mach-E and VW ID.4 4 RWD are now classified as SUVs, have $80,000 MSRP cap.

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. But it basically comes down to whether or not they can qualify for the two $3,750 credits. or in a country where the U.S.

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These GM, Ford And Tesla EVs Will Lose Their Tax Credit On January 1, 2024

InsideEVs

The effects may be temporary, but for now, they mean changes to the Chevy Blazer EV, Cadillac Lyriq, Mustang Mach-E and more.