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2023 December
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GM electric car federal tax credit cut in half Monday, Chevy Bolt EV price won't change


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2019 Chevrolet Bolt EVOn April 1, General Motors' federal electric car tax credit will be cut in half from up to $7,500 to $3,750. It leaves the Chevy Bolt EV without full federal incentives against rival electric cars. The automaker said Thursday that it will not reduce the electric car's price due to the tax credit cut, according to Reuters. GM is the second...

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I guess this is the fed's price for success.

Still, if you think about it, GM has been selling the Volt through 2 generations of the vehicle, and now the Bolt, for nearly 10 years. They have only now reached and surpassed the 200,000 sales mark for electric vehicles. Tesla has reach their 200k mark, everyone else is still under it.

What does that say about the public's demand, nay thirst, for green, electric vehicles?

They are green alright, they also consumer a lot of green - up front!

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