Chevrolet Bolt Federal Tax Credit
Photos when the chevrolet bolt ev s federal ev tax credit eligibility amount dropped from 3 750 to 1 875 back on october 1 many expected gm to start making up for it with some deals.
Chevrolet bolt federal tax credit. Some hybrid electric vehicles have smaller batteries and don t quality for the maximum tax credit amount. Payments are for 2020 bolt ev lt with an msrp of 37 495. As of tuesday oct. The amount of the tax credit ranges from 2 500 to 7 500 depending on the size of your battery.
The maximum tax credit fell to 3750 at the beginning of april 2019 for gm s qualifying vehicles including the chevy bolt and the chevy volt which was discontinued back in march 2019. Take advantage of the federal tax credit of up to 1 875. 2020 chevy bolt federal tax credit the 2020 chevrolet bolt ev is definitely an all electric four door hatchback that s offered in only two trim levels. That model will be discontinued in march 2019 the.
As the tax credit descends to 1875 and then to nil i ask myself how has gm leveraged these federal and state incentives for their buyers into something tangible. 36 monthly payments total 6 072. The momentous moment came near the end of 2018 automotive news reports meaning a full quarter must pass before buyers stand to lose the 7 500 incentive offered on the all electric chevrolet bolt and volt. Must show proof of a current lease of a 2015 model year or newer chevrolet bolt ev or volt at least 30 days prior to the new vehicle sale and lease a new chevy bolt ev.
Customer remains responsible for current lease payments. The spark bev is gone the. Come april bolt and remaining volt buyers stand to receive just 3 750 of their fellow taxpayers dollars. Beginning in april 2019 the maximum tax credit falls to 3 750 for its qualified vehicles notably the chevrolet bolt and the chevrolet volt.
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