High Tech > Bolt

GM will be the second automaker to lose the EV tax credit, while Bolt sales stumble

5 monthes ago   |   By The Verge

General Motors confirmed on Thursday that it sold its 200,000th plug-in vehicle in the US during the fourth quarter of 2018, which has triggered a slow phaseout of the $7,500 federal tax credit over the next 15 months. GM is the second automaker to pass this mark; Tesla reached 200,000 vehicles sold in the US last summer.
Customers of GM cars that are eligible for the credit (like the Chevy Bolt or the Cadillac CT6 plug-in hybrid) will only be able to receive a maximum of $3,750 starting on April 1st. The maximum available credit will halve again on October 1st to $1,875, and it will...
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GM's EV tax credit might shrink soon

GM's EV tax credit might shrink soon

5 monthes ago   |   By Engadget

If you were thinking about buying a Chevy Bolt in the US, you might want to hop on that shortly. A Reuters source claims that GM managed to sell a lifetime total of 200,000 electric cars by the end of 2018, triggering the EV tax credit phase-out tha...
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GM Also Hits 200,000 EV Sales, Buyer Tax Credit Drops to $3,750 April 1

GM Also Hits 200,000 EV Sales, Buyer Tax Credit Drops to $3,750 April 1

5 monthes ago   |   By ExtremeTech

GM EV / PHEV buyers lose half their available tax credits of $7,500 April 1. Next to go will be Nissan, but probably not until 2021 or 2020.
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