Chevrolet Bolt Federal Tax Credit
Payments are for 2020 bolt ev lt with an msrp of 37 495.
Chevrolet bolt federal tax credit. 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. The amount of the tax credit ranges from 2 500 to 7 500 depending on the size of your battery. 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. Take advantage of the federal tax credit of up to 1 875.
Beginning in april 2019 the maximum tax credit falls to 3 750 for its qualified vehicles notably the chevrolet bolt and the chevrolet volt. 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. Lease based on. With the beginning of a new quarter today october 1 2019 the available amount of the federal tax credit for all new general motors cars chevrolet cadillac sold in the u s.
Customer remains responsible for current lease payments. Come april bolt and remaining volt buyers stand to receive just 3 750 of their fellow taxpayers dollars. 36 monthly payments total 6 072. As of tuesday oct.
That model will be discontinued in march 2019 the. 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. Some hybrid electric vehicles have smaller batteries and don t quality for the maximum tax credit amount. 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.
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