[Silevrado]

The "inflation reduction" tax credit will be half the full $7500 for the first few years according to the GM CEO.

Definitely had hopes to get the full amount. Still planning to get this truck but will unfortunately not get a few upgrades to make for the price difference.

If the advertised work truck base price rises too much, or range is too low, will have to pass up on this.

Source: GM: EVs Won't Qualify for Full Tax Credit, Hit Production Targets Until 2024

 

[nebula1701]

Still better off than where they were just a few short years ago with no tax credit as they had run out on it.

 

[tsuintx]

Kind of moot point for Silverado EV buyers, I think. Probably not a whole lot of them will be delivered next year. If my WT will be delivered in 2025 (as is expected by my selected dealer), I hope the full credit will be available.

Or maybe the gubinmint has ran out of all money before that. Who knows... My potential purchase is not dependent on tax credits, though.

 

[Silevrado]

Kind of moot point for Silverado EV buyers, I think. Probably not a whole lot of them will be delivered next year. If my WT will be delivered in 2025 (as is expected by my selected dealer), I hope the full credit will be available.

Or maybe the gubinmint has ran out of all money before that. Who knows... My potential purchase is not dependent on tax credits, though.

I'm somehow hopeful for a truck in 2024 but maybe 2025 is more realistic. And then perhaps the full credit is in but I won't hold my breath on it.

 

[Holeydonut]

Is the $80,000 cap on truck MSRP inclusive of destination charges?

There are going to be so few qualifying vehicles in 2024 lol.

 

[EVTrucking]

I am thinking the EV evolution is gaining steam and at some point in the short to mid term future it will be self sustaining and government subsidies will cease.

Best to factor out tax credits when planning future EV purchases. If there is an available credit that will be a bonus.

 

[Holeydonut]

I am thinking the EV evolution is gaining steam and at some point in the short to mid term future it will be self sustaining and government subsidies will cease.

Federal and local governments throw throw billions of tax rebates for both ICE and EV development. This spans auto assembly, engine manufacturing, and supply chain investment across all facets. And the auto industry is how old? The government subsidies never cease.

Since you're retired and paying taxes, you're paying for other people to have jobs and supply you with stuff one way or another. Then you pay again when you pay the cost of those finished goods. Thank you for your service.

 

[EVTrucking]

Federal and local governments throw throw billions of tax rebates for both ICE and EV development. This spans auto assembly, engine manufacturing, and supply chain investment across all facets. And the auto industry is how old? The government subsidies never cease.

Since you're retired and paying taxes, you're paying for other people to have jobs and supply you with stuff one way or another. Then you pay again when you pay the cost of those finished goods. Thank you for your service.

I am not aware of current tax credits for ICEs. I have never even been offered a tax credit for any new ICE( non-Hybrid). Yes the government subsidizes car manufacturers but not specifically through a tax credits on non-hybrid ICEs.

Yes the government subsidizes al sorts of things but I specifically am talking about EV tax credits. It seems to me that recent EV tax credits are not only aimed at shoring up US interests and lower income folks but ultimately reducing the amount of the government hands out for EV adoption.