Tax Credits Run Dry On GM Electric Vehicles, Is The Party Over?

After Tesla last year, GM has become the second automaker to deliver 200,000 electric vehicles in the US – triggering the phase-out of the $7,500 tax credit.

Potential Bolt EV and Volt buyers have until the end of March to take delivery in order to claim the full tax credit.

GM had already been guiding that it would the threshold in the fourth quarter of 2018, but it has now confirmed it with the release of its delivery results.

MDarringer - 1/3/2019 11:43:24 AM

+1 Boost

GM should reconfigure the Bolt as a crossover ASAP.

MrEE - 1/3/2019 12:10:40 PM

0 Boost

RIP Bolt, tax credit too significant for the customer base, that will migrate to any alternate. Winner is the likes of LG that can continue to build for the next brand.

SanJoseDriver - 1/3/2019 12:56:08 PM

0 Boost

Wow, had no idea they were that close to Tesla in sales with just the Volt and Bolt. Great job GM! I thought for sure Nissan would be next.

CANADIANCOMMENTS - 1/3/2019 1:13:39 PM

+2 Boost

@SJD It is a bit of a surprise that the Leaf is not at this level already. Top selling BEV in the world, but not in the USA?

SanJoseDriver - 1/4/2019 5:00:33 AM

+1 Boost

There was the terrible ELR (poor performance, range, high price), that's the only plug in Caddy I'm aware of. Maybe some new ones came out recently.

MDarringer - 1/4/2019 9:13:41 AM

+1 Boost

There was a plug in CT6 because literally no one wants a CT6 because of how overpriced they are, an overpriced version of an overpriced car was even more pointless.

mini22 - 1/5/2019 12:54:17 AM

+1 Boost

EV's are GM's future and they know it. Continuous improving battery technology will allow GM to keep its big trucks and SUV's and allow them to meet future fuel economy standards. As they faze out of cars this ultimately will be their way forward. Like Ford, VW, BMW etc. its going to be electric, electric, electric.