In the market for a new eco-friendly vehicle? Breathe a sigh of relief – the federal tax incentive for electric vehicles isn't totally gone for the Chevy Bolt and other electric options from the American carmaker — yet.
As of Tuesday, Oct. 1, General Motors' tax credit was halved yet again from $3,750 to $1,875. The full federal credit is $7,500 for new electric vehicle purchases. General Motors, which has the Bolt EV and the now-discontinued hybrid plug-in Volt along with Cadillac options, will lose the tax incentive completely after March 2020.
The newest 2020 Chevy Bolt, coming out soon, has a 21-mile range increase from its predecessor, pushing it to a max battery range of 259 miles. Its starting price before tax incentives is $37,495. Read more...
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