GM’s Entire EV Fleet to Qualify for Full $7,500 Incentive

GM-EV-tax-credit-incentive

GM on April 17 announced it expects its Chevrolet Bolt EV and Bolt EUV will continue to qualify for the full $7,500 credit after the U.S. Dept. of the Treasury’s proposed guidance on EV battery component requirements take effect April 18.

This means qualifying customers will have access to the full $7,500 credit across the automaker's entire EV fleet under the MSRP cap in 2023:

  • Cadillac LYRIQ
  • Chevrolet Bolt EV
  • Chevrolet Bolt EUV
  • Chevrolet Equinox EV SUV
  • Chevrolet Blazer EV SUV
  • Chevrolet Silverado EV

Fleet customers including for BrightDrop and the Chevrolet Silverado EV will benefit from the $7,500 commercial incentive.

GM said it is well-positioned to help maximize the benefits of the clean vehicle purchase incentive for customers by making historic investments in the U.S. to transform its portfolio, strengthen American manufacturing and jobs, and localize and build more secure and resilient supply chains, allowing it to lead the industry in the number of models qualifying for the full $7,500 consumer incentive.

Over the next 10 years, GM said, it will offer a broad selection of qualifying vehicles across numerous segments and price points, which will bolster its EV transformation as well as the U.S. production and adoption these incentives were designed to support.

Source: GM

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