Mon, April 17, 2023
DETROIT — We have already shared our excitement that GM is well-positioned to help maximize the benefits of the clean vehicle purchase incentive for our customers, made possible by GM’s historic investments in the U.S. to transform our portfolio, strengthen American manufacturing and jobs, and localize and build more secure and resilient supply chains. Because of these investments GM now leads the industry in the number of models qualifying for the full $7,500 consumer incentive, and we’re just getting started. Over the next ten years GM will offer a broad selection of qualifying vehicles across numerous segments and price points, which will bolster our EV transformation as well as the U.S. production and adoption that these incentives were designed to support.
Today, we are thrilled to share a further update that we expect that Chevrolet Bolt EV and Bolt EUV will continue to qualify for the full $7,500 credit after Treasury’s proposed guidance on the critical minerals and battery component requirements take effect on April 18. This means that qualifying customers will have access to the full $7,500 credit across our entire EV fleet under the MSRP cap in 2023:
- Cadillac LYRIQ
- Chevrolet Bolt EV
- Chevrolet Bolt EUV
- Chevrolet Equinox EV SUV
- Chevrolet Blazer EV SUV
- Chevrolet Silverado EV
Fleet customers including for BrightDrop and the Chevrolet Silverado EV will benefit from the $7,500 commercial incentive.
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About General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.
CONTACT:
Matthew Ybarra
Senior Manager, Public Policy Communications
313.269.7219
matthew.ybarra@gm.com
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