Remove Electrical Remove Hummer Remove SUV Remove Tax Credit
article thumbnail

GM expects Chevrolet Silverado EV to get full $7,500 tax credit

Teslarati

General Motors (GM) expects the Chevrolet Silverado EV to get the Inflation Reduction Act’s (IRA) full $7,500 tax credit. The all-electric pickup truck is scheduled to launch by 2024. If it does, the Silverado EV will qualify for the IRA’s full $7,500 EV tax credit. The Ultium line will likely adhere to the U.S.

article thumbnail

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. The Inflation Reduction Act was signed into law yesterday and for electric vehicles, it changed a few things. GMC Hummer Pickup. GMC Hummer SUV.

article thumbnail

Used EV tax credit, Hummer EV range, hybrid theft, Ioniq design: The Week in Reverse

Green Car Reports

How soon will the Rivian R1S and Cadillac Lyriq electric SUVs arrive? Which foreign automaker plans two U.S.-bound bound models and 60 U.S. showrooms starting next year? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending November 26, 2021.

article thumbnail

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. This comes after several GM electric models were excluded, starting this week. GM’s other electric models, including the GMC Hummer EV, start well over the $80K threshold for SUVs and pickups.

article thumbnail

Putting the “Utility” in Sport Utility Vehicle: Which Electric SUVs Perform Best Off-Road?

EV Life

These combination car-and-SUVs have become immensely popular for a variety of reasons. When it comes to electric vehicles, crossovers serve a couple of other very practical functions. If a vehicle qualifies as a car, the MSRP limit is $55,000 to be eligible for the tax credit. Where Are All the True SUVs?

SUV 52
article thumbnail

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

Teslarati

A survey from Cox Automotive estimates that electric vehicle sales in the US auto market could surpass 1 million units for the first time in 2023. Electric cars currently account for about 6.5% As per inventory data from Cox, the nationwide supply of electric vehicles in stock swelled by almost 350% this year to over 92,000 units.

article thumbnail

GM hints at an affordable Chevy Camaro EV: A $35,000 real electric pony car?

Baua Electric

Among the considerations were a 2+2 coupe, convertible, and two- and four-door SUVs. The report also mentioned the possibility of a “mid-price” flagship electric sports car “loosely linked to the C9 Corvette in content.” With the $7,500 EV tax credit included, prices could fall to as low as $27,500.