GM Volt Forum banner

1 - 4 of 4 Posts

·
Registered
Joined
·
47 Posts
Discussion Starter #1
Since GM will sell more than 200,000 electrified vehicles by the end of this year, the full $7500 tax credit will be reduced, and then eliminated in 2019. This will hurt sales, but will it also increase the value of used Volts and Bolts?
 

·
Registered
Joined
·
354 Posts
You will be able to get the full $7500 until Dec 31st of this year. when they sell 200,001 cars, then you have the credit extended until the end of the current quarter, plus one additional quarter. Then Jan-Mar 2019 will be reduced by half at a $3750 credit.

I think it will put GM at a disadvantage when you will be able to get a Honda Clarity or a Prius prime with the subsidy. resale value will probably improve on the used cars out there imo.
 

·
Administrator
Joined
·
20,196 Posts
One reason I bought the Bolt last year was to lock in the $7500 discount. That, plus a $3,000 GM promotion and basically a $3,000 dealer discount made the Bolt an attractive buy for me. And they threw in an extra EVSE!
 

·
Registered
Joined
·
5,431 Posts
GM has the economical power and backing to lower prices on all EVs after January 2019 to make up for the reduced tax credit. So this will only affect those tax payers that generate an income that pays that amount or more. Most laypersons who can buy an EV are wealthy enough to buy without any credit, and the rest who pay less taxes or none (such as myself who never paid any Federal taxes) need some other incentive to help. I doubt the present POTUS administration will change the tax credit to a sales rebate for the next three years.

Ford, Nissan, and Toyota can also lower EV prices to help sales. But Tesla, which is still running under losses, cannot withstand that loss so they will not lower their prices. And thus all the pending reservation holders will not get the full credit or none at all when their reservation becomes a delivery.
 
1 - 4 of 4 Posts
Top