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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. In December, GM said it would temporarily lose eligibility for the credit on some of its cars. can qualify for EV tax credits. Now, just 19 EVs in the U.S.

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The Honda Prologue Gets Major Boost with Federal Tax Credit Eligibility

The Truth About Cars

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. Tax credits bring the Prologue’s starting price down to $41,295 after a $1,395 destination charge.

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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. 4, Ford Mustang Mach-E, and Nissan LEAF.

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Which EVs Still Qualify for Federal Tax Credits?

The Truth About Cars

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. It’s a very different situation from the 200,000-unit-per-automaker sales quota that has been supplanted.

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Chevy Blazer EV goes on sale again with lower price tag

Teslarati

In December, Chevy issued a stop-sale order on the Blazer EV , due to software issues relating to the vehicle’s infotainment system and DC fast-charging capabilities. Chevy announced on Friday that it’s now resuming Blazer EV sales, re-launching the vehicle’s three configurations with lower price tags starting at $50,195.

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GM says EV hurdles are ‘not an issue now’ as new models roll out

Baua Electric

GM had its fair share of EV hurdles last year, leading to disappointing sales. However, CEO Mary Barra says those bottlenecks are a thing of the past as new models like the Chevy Equinox , Blazer, and Silverado EVs hit the market. It’s still short of GM’s previous 400K EV sales target through mid-2024.

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New EV Registrations Grew Significantly, Driven By Tesla

The Truth About Cars

.& Analysts credit Tesla’s price cuts as driving its success and have noted the automaker’s regaining access to federal tax credits as another significant sales driver. Chevy’s number-two spot was driven by the Bolt and Bolt EUV, which accounted for all the registrations, save for 24 Silverado EVs.

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