"Temporary Loss of Tax Credit Eligibility for Chevy Blazer EV and Cadillac Lyriq"
TL;DR Summary
GM has announced that the Chevy Blazer EV and Cadillac Lyriq will temporarily lose eligibility for the EV tax credit starting January 1 due to minor components. However, all other EVs under the price cap will still qualify. GM expects the Blazer EV and Lyriq to regain eligibility in early 2024. Similar announcements have been made by Ford regarding the Mustang Mach-E and by Tesla regarding certain Model 3 variants. The changes come as more restrictions on eligibility for the tax credit are set to go into effect in 2022 and 2025.
- Chevy Blazer EV and Cadillac Lyriq will lose tax credit eligibility, but only temporarily Electrek.co
- GM, Ford announce several car models will lose electric vehicle tax credit in 2024 Fox Business
- New rules disqualify some EV incentives; GM working on supply fix to gain eligibility Detroit News
- Biden Gives Americans a Financial Incentive to Not Buy a Tesla Newsweek
- The Leasing Loophole for EVs The American Prospect
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