Electrek

APRIL 17, 2023

General Motors shared Monday that it now leads the industry in the number of EV models that qualify for the full $7,500 tax credit. GM expects its entire lineup of electric vehicles under the MSRP cap to be eligible for the full EV tax credit in 2023.

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Green Car Reports

DECEMBER 13, 2022

The IRS starts detailing what it needs for the revamped EV tax credit. And the DOE backs the batteries for GM’s EV plan. Some Kia Niro EV models have been recalled. We look at what didn’t make the finals for Best Car To Buy. This and more, here at Green Car Reports. Department of Energy on Monday confirmed a $2.5

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Baua Electric

JANUARY 3, 2024

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. According to GM, the setback is only temporary due to “two minor components” in the EV models. Until then, GM will fill in the gap for buyers.

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Teslarati

JANUARY 3, 2024

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. In December, GM said it would temporarily lose eligibility for the credit on some of its cars. can qualify for EV tax credits. 43 vehicles had qualified in 2023.

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Green Car Reports

DECEMBER 22, 2023

EV tax credit qualification gets murky in the new year. An even higher tariff on Chinese EVs is being considered. And the Lexus RZ EV gets a lower-priced base model with more range. This and more, here at Green Car Reports. The 2024 Lexus RZ 300e adds more driving range to the only EV in the Toyota luxury brand’s U.S.

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Electrek

JANUARY 20, 2022

Officials from Orion Township, Michigan approved a 12-year tax abatement for a proposed $1.3 GM) to build out the Orion Assembly plant in Lake Orion to build the coming wave of electric GM cars. more… The post GM scores huge tax break on $1.3 billion investment by General Motors Co. (GM)

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Electrek

DECEMBER 21, 2023

GM revealed the new Chevy Blazer EV and Cadillac Lyriq are expected to lose eligibility for the EV tax credit starting January 1. According to GM, the disqualification is only temporary due to minor components.

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Electrek

DECEMBER 29, 2023

The fallout from robotaxi company Cruise continues, as now General Motors has just filed a lawsuit against San Francisco for $121 million, in what it calls unfair taxes and penalties since it acquired Cruise. more… The post More Cruise fallout: GM sues San Francisco for $121 million appeared first on Electrek.

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The Truth About Cars

MARCH 6, 2024

The automaker recently announced that its upcoming Prologue EV would be eligible for federal tax credits of $7,500, meaning buyers can get around 15 percent off the SUV’s purchase price at the point of sale. The Prologue rides on GM’s Ultium platform, which also underpins the Chevy Blazer EV, Equinox EV, and Silverado EV, among many others.

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Green Car Reports

JANUARY 4, 2023

The 2023 Chevrolet Bolt EV once again qualifies for the federal EV tax credit, but now it's also getting a small price increase. General Motors lost eligibility for the $7,500 credit when it reached the 200,000-unit sales cap that was previously in place.

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Tax Credit Tax Price General Motors 143

Baua Electric

MAY 24, 2023

County officers on Tuesday licensed a construction word of honour and tax diminish with GM for the mission. It amends an previous word of honour licensed utmost presen between the county and Ultium Cells LLC, the title of GM’s three way partnership with LG Power Resolution. ” GM mentioned in a observation.

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CleanTechnica EVs

MARCH 3, 2022

Elon Musk’s 2021 taxes were just about enough to pay back GM’s bailout earlier this century. billion bailing out GM, more than the $10.3 billion the Treasury Department estimated it made when it sold its remaining GM shares in December. Reuters reported that the US government lost $11.2

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Electrek

JULY 28, 2022

The new bill is going to include the long-awaited electric vehicle tax credit reform that is going to give back access to the tax credit to Tesla GM vehicles, along with other changes. The post Senate moves forward with EV tax credit reform, Tesla (TSLA) to be included back and more appeared first on Electrek.

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Baua Electric

MARCH 8, 2024

With drastically lower starting prices, the Blazer EV now starts at just over $50,000 and qualifies for the full $7,500 federal tax credit. Barra said 2024 is the “year of execution” as GM looks to get back on track with EV production. GM announced Friday the stop-sale has been lifted.

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Green Car Reports

JULY 29, 2022

And a re-upped EV tax credit could give an immediate boost to GM and Tesla. The EV tax credit expansion is back, and it’s once again a possibility. Siemens aims to manufacture a workaround for EV-charger home electrical-panel upgrades. Florida bulks up on EV charging infrastructure. Under a Senate.

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Baua Electric

APRIL 23, 2024

After losing EV market share in the US in the first three months of 2024, GM believes it can turn things around. GM expects new models like the Chevy Equinox EV and improved battery production will help regain EV market share in the second half of the year. With Chevy Bolt EV sales down 64% to just 7,040, GM lost market share from Q4.

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Baua Electric

APRIL 23, 2024

After losing EV market share in the US in the first three months of 2024, GM believes it can turn things around. GM expects new models like the Chevy Equinox EV and improved battery production will help regain EV market share in the second half of the year. With Chevy Bolt EV sales down 64% to just 7,040, GM lost market share from Q4.

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Green Car Congress

APRIL 11, 2019

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits.

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Teslarati

JANUARY 30, 2024

General Motors (GM) held its 2023 earnings call on Tuesday morning, and in it, the automaker detailed its plans to cut spending on the self-driving unit Cruise after one of the company’s robotaxis struck a pedestrian last October. In its Q4 2023 and full-year 2023 financial results shared on Tuesday, GM said it lost just almost $2.7

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CleanTechnica EVs

DECEMBER 22, 2023

Tax credits for electric cars are changing on January 1, 2024 and there will be winners and losers as manufacturers scramble to adjust. The post Some GM, Ford Models Will Lose EV Incentives While Some Buick And Ford Dealers Refuse To Sell Electric Cars appeared first on CleanTechnica.

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EV Adoption

AUGUST 18, 2021

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). What is less clear is how Tesla and GM will handle leases.

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Baua Electric

MARCH 9, 2024

The Blazer price cuts and restored tax credit bring the effective price for qualified buyers down to USD 42,695 from the original USD 56,715 for the lowest-priced model. GM said it would cut the price of the Blazer by about USD 5,600 to USD 6,500 based on the trim level. Separately, GM on Feb. Treasury on Jan.

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Electrek

OCTOBER 28, 2022

General Motors CEO Mary Barra spoke with analysts Tuesday, saying GM’s EV models will be able to qualify for the full tax credit in two to three years. The post Mary Barra claims GM’s electric vehicles will qualify for the full tax credit in ‘2 to 3 years’ appeared first on Electrek.

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Teslarati

JANUARY 31, 2024

General Motors (GM) may not be catching up to electric vehicle leaders like Tesla anytime soon, but CFO Paul Jacobson has noted that the automaker’s EV business is still on the right path. ” GM’s electric vehicle efforts were hampered somewhat in 2023, with a company spokesperson noting that the automaker would have $1.7

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Teslarati

FEBRUARY 25, 2024

General Motors (GM) is looking to specific business areas to help determine worker bonuses for the year, as the automaker attempts to right the ship at self-driving unit Cruise and launch additional electric vehicles (EVs). GM may have found its solution to its Ultium bottlenecks What are your thoughts?

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Teslarati

JANUARY 18, 2022

Orion Township approved General Motors’ (GM) request for a tax rebate on its proposed $1.3 The Orion Assembly Plant will also produce GM’s other electric vehicles. . GM plans to introduce 30 new electric vehicles to the global auto market by 2025, and the Orion Assembly Plant will play a key role in its goal.

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Teslarati

OCTOBER 24, 2023

General Motors (GM) and Stellantis have announced plans to furlough hundreds more workers, just after the United Auto Workers (UAW) expanded strikes against both automakers this week. According to a report from Reuters , Stellantis will temporarily lay off 525 more workers in Michigan, while GM will furlough 139 employees in Ohio.

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Teslarati

OCTOBER 31, 2023

The United Auto Workers (UAW) reached tentative contracts with each of the “Big Three” automakers over the past week, just as earnings reports from Ford and General Motors (GM) highlighted the financial damage done by the six-week strikes. Additionally, the news comes after GM and Ford have both announced plans to cut back on EV spending.

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Baua Electric

MARCH 8, 2024

GM announced Friday that it’s dropping prices by up to $6,520 on its 2024 Chevrolet Blazer EV , while resuming sales and deliveries of the model to customers. GM paused sales of the Blazer EV in December. That aligns the Blazer EV to make a lot more sense versus other Ultium models from elsewhere in the GM family.

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Green Car Reports

JUNE 14, 2022

Automakers want Congress to consider the EV tax credit yet again. GM teased a first picture of its Blazer EV. A group of four automakers—GM, Ford, Toyota, and Stellantis—have sent a letter to Senate. Dynamic wireless charging gets put to another test. And Tesla is on top for another year or two.

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Baua Electric

JANUARY 3, 2024

You can score a 2023 Chevy Bolt EV for under $20,000 with new IRS rules allowing you to use the tax credit as a down payment. You can buy a Chevy Bolt EV for under $20,000 Rather than waiting until next year’s tax return, you can now use the EV tax credit at the point of sale. But you may want to act fast.

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Tax Credit Tax GM Buy 52

Teslarati

JANUARY 21, 2022

According to a meeting agenda and two sources, GM will pump a massive $6.5 On Tuesday, GM is expected to announce the massive investment at an event in Lansing, Michigan. GM also recently received $1.3 billion in an approved tax rebate for the Orion Assembly Plant, where the Chevrolet Bolt EV is made.

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Green Car Reports

NOVEMBER 14, 2018

As tax credits for buyers of America's two most popular electric-car brands begin to sunset, automakers and advocates are banding together to restructure the tax-credit program and extend them. Tesla, General Motors, and Nissan—the top three sellers of electric cars in the U.S.—have

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Tax Credit Tax Nissan Electric Cars 141

Baua Electric

APRIL 1, 2024

GM already works closely with CATL, but that relationship is limited to the China market. or Mexico, along with a GM license agreement for CATL’s LFP battery tech. or Mexico, along with a GM license agreement for CATL’s LFP battery tech. General Motors is negotiating a U.S. car manufacturing.”

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Electrek

JULY 1, 2022

Toyota has sold its 200,000th plug-in car in the US, meaning its access to the $7,500 federal tax credit will sunset over the course of the next 15 months. The company joins Tesla and GM in no longer qualifying for credits, with Ford and Nissan also expected to hit the limit later this year.

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CleanTechnica EVs

APRIL 19, 2023

The US federal tax credit for electric vehicles has been updated, and that means that some electric cars, trucks, and SUVs no longer qualify for the full tax credit — or even half the tax credit. Actually, most electric vehicles on the market in the United States no longer qualify!

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Green Car Reports

FEBRUARY 12, 2024

GM confirmed again Monday that all versions will qualify for the $7,500 EV tax credit—meaning that the effective base price for eligible buyers.

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