Customers have until the end of March to buy a Chevrolet Bolt electric vehicle and some other EVs models to receive a full tax credit.
That’s because General Motors has surpassed 200,000 cumulative electric vehicle sales, the ceiling set per manufacturer by the federal government to offer buyers a $7,500 tax rebate. A GM spokesman confirmed that the company hit 200,000 EV sales in the fourth quarter. By law, in April the rebate drops to $3,750. That will be sliced in half again in October and the buyer-rebate will be eliminated in April 2020.
Read the article at Detroit Free Press.
The post GM Hits 200,000 U.S. Electric Vehicle Sales, Limiting Buyer Rebates appeared first on Fleet Management Weekly.
from Fleet Management Weekly http://bit.ly/2QnqeLc
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