Home
News
Today The $1,875 Federal Tax Credit For GM Is Gone
GM joins Tesla in the club of manufacturers no longer eligible for the federal tax credit.
Mark Kane 
By: Mark Kane
Apr 1, 2020 at 8:32am ET
Add InsideEVs as a preferred source in Google
- (https://twitter.com/intent/tweet?url=https%3A%2F%2Finsideevs.com%2Fnews%2F407295%2Ftoday-federal-tax-credit-gm-gone%2F&text=Today%20The%20%241%2C875%20Federal%20Tax%20Credit%20For%20GM%20Is%20Gone&via=InsideEVs)
- copy
Share
Comment
Today (April 1, 2020), with the beginning of a new quarter, plug-in electric cars manufactured by General Motors are not eligible for the U.S. federal tax credit anymore.
During the first quarter, it was already lowered to a maximum of $1,875 for cars delivered by the end of March 2020. Three months earlier, also Tesla lost its eligibility.
Manufacturers are eligible for up to $7,500 per plug-in electric car only for the limited number of 200,000 sales. Reaching the limit triggers a gradual phase-out over several following quarters.
See also
2020 Kia Niro EV Pricing & EPA Range Rating Finally Revealed
Electrify America Waives Monthly Membership Fees During COVID-19 Crisis
Federal Tax Credit amount - April 1, 2020
Tesla and General Motors were the first and only manufacturers to reach the limit. According to our sales stats, no other manufacturer is even close to reaching the limit anytime soon. Maybe in 2021/2022.
What do you think?
View
Comments
Unfortunately, the Chevrolet Bolt EV (currently the only plug-in from GB) on the market), will become slightly less affordable, although there is always a chance for a price reduction or rebates.
Another unfortunate thing is that manufacturers that early on stepped up in a big way with EVs are now in a disadvantageous position in already challenging times.
We want your opinion!
What would you like to see on Insideevs.com?
Take our 3 minute survey.
- The InsideEVs team
Share this Story
- (https://twitter.com/intent/tweet?url=https%3A%2F%2Finsideevs.com%2Fnews%2F407295%2Ftoday-federal-tax-credit-gm-gone%2F&text=Today%20The%20%241%2C875%20Federal%20Tax%20Credit%20For%20GM%20Is%20Gone&via=InsideEVs)
- copy
GO TO COMMENTS
(
)
Got a tip for us? Email: tips@insideevs.com
View all comments ( )
Trending
Diesel Prices Are Surging. This Electric Trucking Company Is Seeing More Interest
Tesla Opens Self-Driving Cybercab Orders To 'Select Customers' At $29,990
Solid-State Cells Can Make The U.S. Competitive In Batteries Again: CEO
I Took A Rivian R2 On A Camping Trip To The Middle Of The Desert
Latest Stories
- Diesel Prices Are Surging. This Electric Trucking Company Is Seeing More Interest Nov 14 - News -
- Tesla Opens Self-Driving Cybercab Orders To 'Select Customers' At $29,990 Nov 13 - News -
- Do EVs Wear Tires Faster? Here's What The Studies Show Nov 13 - Features -
- The VW ID. Buzz Is Getting A New Job As A Robotaxi Nov 13 - News -
- Audi A4 EV Delayed Amid VW Group Financial Troubles: Report Nov 13 - News -
- Tesla Just Killed Its Cheapest All-Wheel-Drive Model Y Nov 13 - News -
- A Record Number Of Uber Miles Are Happening In EVs Nov 13 - News -
RECOMMENDED FOR YOU
The Best EV Lease And Finance Deals In November 2026
Diesel Prices Are Surging. This Electric Trucking Company Is Seeing More Interest
The Best Affordable Electric Cars In 2026: Cheap, Reliable Options For Everyone
Tesla Opens Self-Driving Cybercab Orders To 'Select Customers' At $29,990
This Chevy Bolt Has 470,000 Miles. Here’s How Much A New Battery Was
Do EVs Wear Tires Faster? Here's What The Studies Show
The 2026 Chevy Silverado EV Trail Boss Makes No Sense. I Loved It Anyway