Does a Chevrolet Blazer EV Qualify for a Federal Tax Credit?

Last month, the Chevrolet Blazer EV 2024 was announced as the brand’s flagship all-electric model, but will willing buyers get a federal tax credit?

Last month, General Motors announced Chevrolet Blazer electric car, and while this is a big step in the direction of the company’s electrification of mobility, does this electric car qualify for a federal tax credit? Although the Blazer EV won’t be available until the summer of 2023, it’s not too early to say if the EV will receive a tax credit. Today, electric vehicles are very expensive mainly because the parts used in production are hard to find. A persistent shortage of chips has slowed production, causing automakers to deliver fewer electric vehicles to dealerships. Unfortunately, this also resulted in dealerships charging a higher MSRP due to the limited number of electric models that manufacturers provide.

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The Chevrolet Blazer is a vital part of GM Electric’s mission to introduce 30 new electric vehicles. The car also doubles as a direct competitor to the Tesla Model Y, Ford Mustang Mach-E, and the 2022 best car in the world – Hyundai’s Ioniq 5. The world is switching to electric, with more automakers releasing an electric edition of a petrol EV vehicle or building from scratch. Aside from the Blazer EV, Chevrolet has announced its first-ever Silverado EV, which will be ready for sale next year. GMC, a subsidiary of General Motors, also launched the Hummer EV. Interestingly, willing buyers can choose to have the EV as a pickup or SUV.

RELATED: Chevrolet teases the luxury Blazer EV sports model

As part of efforts to increase the attractiveness of electric vehicles to consumers, the US government is offering a federal income tax credit of up to $7,500. One of the requirements is that drivers must purchase the new electric vehicle. Choosing the right electric vehicle depends on the buyer’s knowledge of the sector. For example, a person looking to stay within affordability may find it difficult to get a Tesla because the manufacturer has gone over the maximum tax credit. According to the regulations, automakers who have sold more than 200,000 EVs are no longer eligible for the credit. Given Tesla’s large following, it’s no surprise to see the automaker lose its eligibility. General Motors is another automaker that is not eligible for the tax credit. The current lineup of GM EVs, such as the Chevrolet Bolt EV, is not eligible for the credit. While fuel economy Not yet listed upcoming models like the Blazer EV, the government may not reward drivers with a $7,500 credit. However, buyers may qualify for state incentives, depending on the state.

What do you expect from the Chevrolet Blazer EV

General Motors is making a good case for the 2024 Chevrolet Blazer EV by offering SUVs with four models starting at $44,995 and going up to $65,995. Buyers can also choose from a range of exciting colors such as Radiant Red Metallic, Riptide Blue Metallic, Galaxy Gray Metallic and Summit White. The electric Blazer isn’t slow in the performance department, with GM’s estimated 557 horsepower and a 0-60 record in under four seconds. Ultium, General Motors’ new battery technology platform, is used to power this electric vehicle. Ultium is compatible with range options and various SUV drive systems such as AWD and RWD.

While it is not certain that a file Chevrolet The Blazer EV will receive a federal tax credit, and buyers are promised typical EV benefits. For example, some states will allow buyers to take the high occupancy vehicle lane. Also, owners will benefit from knowing that they are not polluting the environment. In addition, owners can multitask (shopping and work) while charging the SUV. Finally, utility incentives can also be obtained once owners install a home charger.

Source: fuel economy

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