MENU
SEARCHGeneral Motors reached the threshold of 200,000 plug-in electric vehicles sold in December, which begins a phase-out of the $7,500 federal tax credit over the next 15 months, Reuters reported.
General Motors vehicles such as the Chevrolet Bolt EV (shown) will be eligible for a lower federal tax credit in 2019.
Photo courtesy of GM.
General Motors reached the threshold of 200,000 plug-in electric vehicles sold in December, which begins a phase-out of the $7,500 federal tax credit over the next 15 months, Reuters reported.
The automaker becomes the second to reach the sales level, after Tesla Inc. reached 200,000 EVs sold in July. Tesla reduced prices on its vehicles of $2,000 starting Jan. 2 to compensate for the lower tax credits, Yahoo Finance reports.
For GM, the tax credit will fall to $3,750 in April and $1,875 in October for six months. The credit will disappear by April 2020. The 200,000 number covers GM's EV sales since 2010.
GM and Tesla have both lobbied Congress to lift the cap or extend the tax credit, Reuters reports.
Detroit-based company says it has begun early development of a system to convert internal combustion Ram 5500 chassis-cab trucks to electric power.
Read More →
Fleet managers are done with the debate—and focused on execution. Learn how to build a practical electrification strategy that aligns infrastructure, operations, and financing while keeping costs controlled and deployment scalable with support from Blink Charging. Discover how smart planning today positions fleets for long-term performance and ROI.
Read More →
New industry group data revealed that light-duty electric vehicle sales are hitting record market share and volumes, while commercial EV volume dipped. What’s driving the fluctuations?
Read More →
For fleet managers, fuel is one of the biggest line items in the budget — and it's one hybrids can shrink without changing how your people work. Download the eBook to see the numbers, understand the technology, and get a step-by-step guide to making the switch.
Read More →
The biggest challenge lies in balancing additional equipment and accessories with EV battery capacity and range.
Read More →
With the expiration of federal incentives, EV success now hinges less on government policy and more on discounts, battery tech progress, increased range, and broader infrastructure.
Read More →
Fleet operators shared their challenges during an annual conference that embraced the latest advances across all aspects of running private- and public-sector vehicles.
Read More →
EVgo, Pilot, ChargePoint and IONNA named; goal is 35k GM-invested DC stalls by 2030, with customer-experience upgrades at sites.
Read More →
EV buyers took advantage of the final federal tax credit days, while average prices edged up for new EVs and continued to decline for used models.
Read More →
But most OEMs record low-volume sales, which means EV profitability remains a distant dream for nearly every automaker.
Read More →
