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General Motors sidesteps loss of EV tax credit to offer big discounts for customers

Teslarati

However, GM told dealers today that it would be providing the equivalent EV tax credit purchase amount on any car that is now ineligible due to updated guidelines, Detroit Free Press said. Additionally, the Equinox EV, GMC Sierra EV, Cadillac OPTIQ, and Silverado EV will be eligible for the full incentive.

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Calif. Energy Commission to award more than $44M for hydrogen refueling and alternative fuel vehicle projects

Green Car Congress

Alameda County Industries, LLC, will receive $300,000 to partially offset the cost of a new compressed natural gas fueling station to serve its fleet. These buy-down incentives are reserved for vehicle manufacturers or their designated dealers and passed on to buyers in California at the time of sale. Garden City Sanitation, Inc.,

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Convincing Consumers To Buy EVs

Cars That Think

Even if interest in purchasing an EV is increasing, close to 70 percent of Americans are still leaning towards buying an ICE vehicles as their next purchase. In the UK, only 14 percent of drivers plan to purchase an EV as their next car. EVs ain’t cheap Price is another EV purchase risk that is comparable to EV range.

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

EV Adoption

The credit is not available for Tesla vehicles acquired after December 31, 2019 and General Motors EV purchased after March 31, 2020. Some EV advocates believe that there should not be any MSRP cap and that incentives that encourage the purchase of ANY electric vehicle regardless of price is a good thing. Effective Date: Jan 1, 2022.