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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. However, no other specifics were mentioned.

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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. Audi’s Q4 e-tron and Q8 e-tron, as well as the GMC Hummer EV SUV, have inventories that are well above 100 days. As noted by Axios , such inventory corresponds to a 92-day supply, which is almost twice the industry average.

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More bad buzz for Chevy Blazer EV: software glitches, doors that fly open

Baua Electric

GM and the National Highway Traffic Safety Administration are recalling 265 units of the 2024 Chevy Equinox, 2024 Chevy Blazer, 2024 Chevy Blazer EV, and 2024 GMC Terrain due to defective door strikers that were installed incorrectly by a faulty heat treatment during the assembly. So the company has definitely seen better days.

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2021 US EV Sales Scoreboard: RAV4 Prime and Mustang Mach-E Are The Top-Selling Non-Tesla EVs

EV Adoption

The Tesla Model Y and Model 3 of course far outsold any other EV models in the US, however since Tesla neither breaks out deliveries by market or individual model (the company reports global deliveries each for the combined Model 3/Y and S/X models) we can only estimate their sales. 4 was only beginning to reach US dealers.

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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable.

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VW Joke, Kia EV6 Details – EV Week in Review: March 23-30

EV Adoption

But indications made it increasingly seem like the company might actually be serious. 4 that will be arriving at dealers soon. As ZoZo Go notes, the fact that the company was able to deliver so many is an impressive testament to the agility of its supply chain. Here is the thing about the Voltswagen April Fools’ joke.

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