Clean sweep: 6 GM electric vehicles qualify for full $7,500 federal tax credit

  • 📰 FOX26Houston
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Singapore Singapore Headlines News

Singapore Singapore Latest News,Singapore Singapore Headlines

All six of the General Motors electric vehicle models with prices that qualify them for the new federal EV purchase tax credits will be eligible for the full $7,500 amount.

, Chevrolet Bolt EV, Chevrolet Bolt EUV, Chevrolet Equinox EV, Chevrolet Blazer EV and Chevrolet Silverado EV trims come in under the price caps will get the full amount, but some fall outside the price range, as do the GMC Hummer EV pickup and SUV.

A GM spokesman told FOX Business its broad eligibility is largely the result of "early investments in battery cell manufacturing and localizing that to the U.S. through our Ultium Cells LLC joint venture with LG Energy Solution, as well as our strong partnership with current supply partners."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Cool, that doesn’t even cover repair and maintenance costs.

The cars & batteries are junk.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 448. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines