2023-12-22 14:04:54
General Motors said it expects its two electric lemons, the Cadillac Lyriq and Chevrolet Blazer EV, to temporarily lose eligibility for a U.S. electric vehicle tax credit starting Jan. 1.
GM said that on January 1 only its Chevrolet Bolt EV (the worst electric vehicle on the market) will be eligible for the EV consumer tax credit.
GM said the two vehicles are losing credit due to two minor components, adding that it has advanced plans to obtain qualifying components in early 2024. GM said it expects the Lyriq and Blazer EV to regain eligibility in early 2024. 2024.
GM said it also expects the Chevrolet Equinox EV, Chevrolet Silverado EV, GMC Sierra EV and Cadillac Optiq EVS produced “following the supply switch to be eligible for the full incentive.”
The US Treasury issued guidelines this month detailing new battery supply restrictions that take effect on January 1 and aimed at weaning the US electric vehicle supply chain.
GM said: “Treasury proposed strict rules de-escalating all EVs with certain foreign battery content, including low-value components, effectively meaning most EVs will be ineligible starting January 1.”
Most of the tests that have been done with General Motors electric vehicles, and by various means, have given disastrous results. The irony of the case is that all their electric models have electrical faults.
Source: Archyde.com
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