https://jalopnik.com/general-motors-is-likely-next-to-hit-the-cap-on-the-7-1828156073 General Motors Is Likely Next to Hit the Cap on the $7,500 EV Tax Credit 8/07/18 Patrick George
[image https://i.kinja-img.com/gawker-media/image/upload/s---_0S8YVs--/c_scale,f_auto,fl_progressive,q_80,w_800/unm1cpeji5be54vnol6t.jpg ] General Motors’ electric vehicle tax credit may soon run out, Fiat Chrysler’s new boss meets America’s boss, doubt over whether revised fuel economy standards will help workers—all this and more await you for The Morning Shift of Tuesday, Aug. 7, 2018. 1st Gear: Will This Hurt Bolt Sales? Lo and behold, sales of the Chevrolet Bolt—General Motors’ first full-on electric vehicle of the modern era—have actually been pretty good. And like most EVs, those sales have no doubt been helped by the $7,500 federal electric car tax credit. But that credit isn’t designed to last forever, and now like Tesla, GM seems poised to lose it once it’s sold its 200,000th EV or plug-in hybrid, something that will probably happen this year. From The Detroit News: GM has sold about 186,670 Chevrolet Bolt and Spark EVs, Chevrolet Volt plug-in hybrids and Cadillac CT6 plug-in hybrids to date, according to analyst firm Edmunds. GM has said it expects to hit the 200,000 limit this year, but Edmunds says at the current selling rate, GM probably has until the first quarter of 2019. The Detroit automaker likely will be the second automaker to reach the tax credit cap, after electric-car maker Tesla Inc. said last month it had delivered its 200,000th vehicle. That begins a phasing-out process of the $7,500 tax credit offered to buyers of full electric vehicles — reducing by half every six months until it hits zero. “When you look at Tesla moving to end of rebates at end of July, it does bring to forefront the larger question of how these pioneers are going to be operating,” said Jeremy Acevedo, an automotive analyst with Edmunds. “One of the things GM is pretty clear about, though, is using this period as a springboard for the future they see on horizon. In that way, they have made inroads no other mainstream automakers have.” So if you’re looking for a Bolt, now’s probably the time to get one. The car starts at $37,495 and can easily get into the $40,000 range with options—that’s all before the tax credit. It’s a way better deal if you can nail one down with the credit in place ... [© jalopnik.com] + https://reneweconomy.com.au/apple-electric-car-australians-might-buy-it-27249/ Apple might release an electric car after all, Australians say they’d buy it 16 August 2018 ... survey, conducted by insurance company BudgetDirect, polled 1010 Aussie drivers and asked them would they consider purchasing a high-tech car made by Google or Apple, to which 28% of those surveyed said yes ... https://reneweconomy.com.au/wp-content/uploads/2018/08/Apple-Electric-Car.jpg For EVLN EV-newswire posts use: http://evdl.org/archive/ {brucedp.neocities.org} -- Sent from: http://electric-vehicle-discussion-list.413529.n4.nabble.com/ _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
