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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 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. Until then, GM will fill in the gap for buyers.

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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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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. FTC: We use income earning auto affiliate links.

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New GM 4.3L EcoTec V-6 for Sierra delivers 305 lb-ft torque

Green Car Congress

When the all-new 2014 GMC Sierra full-size pickup arrives this summer, its standard 4.3L In 1960, GMC debuted the first V-6 pickup truck ever and offered it exclusively through most of the ’60s. V-6 introduced as standard equipment for GMC half-ton pickups in 1985 used geometry and engineering from the brand’s proven Small Block V-8.

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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.

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News: 2023 Chevrolet Bolt EV/EUV Get Big Price Drop

Clean Fleet Report

These big price reductions, $5,900 for the Bolt EV and $6,300 for Bolt EUV, makes them more competitive as Chevrolet no longer qualifies for the federal $7,500 tax credit. If you are in the market for an attractively priced four-passenger EV that is rated at about 250 miles of range, visit your local Chevrolet dealer and take a test drive.