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.