One of the many factors that electric vehicle buyers might take into consideration before purchasing a vehicle is the U.S. EV tax credit, and how much of that incentive each respective all-electric vehicle qualifies for. A few General Motors products – including the Chevy Blazer EV and Cadillac Lyriq – have qualified for the full tax credit, until now.
According to a report from Reuters, both all-electric crossovers will temporarily lose the full $7,500 U.S. tax credit at the turn of the new year, at which point only the Chevy Bolt EV and Chevy Bolt EUV would qualify.
“Treasury proposed strict rules disqualifying all EVs with certain foreign battery content including low-value components, which effectively means most EVs will not be eligible beginning on January 1st,” a spokesperson from General Motors stated.
The Detroit-based automaker went on to explain that the Blazer EV and Lyriq are losing the incentive due to two minor components, and that it has pulled ahead sourcing parts for qualifying components in early 2024. To that point, GM expects the two electric crossovers to regain eligibility by early 2024.
As a reminder, the U.S. Treasury Department and U.S. Department of Energy recently offered new guidance on the restrictions surrounding the EV tax credit. This new interpretation of the incentive will end up reducing the number of electric vehicles currently eligible, as evidenced above.
More specifically, the updated guidance indicates that electric vehicles with battery components sourced from foreign entities of concern (FEOC) – referring mostly to at least four geopolitical rivals of the U.S., like China, Russia, North Korea and Iran – will not qualify for the full EV tax credit.
In addition, ownership of a raw material producer or battery component manufacturer is also covered by the rule, regardless of the supplier’s physical location.
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Comments
Doesn’t really matter. No one is looking at them anyway. I work the frontline everyday and the Blazer EV has generated ZERO interest. A lot of interest until they find out it’s an EV. At that point, it’s over.
Purchased a ’24 Lyriq in November. Absolutely love it. It’s a solid build, fun to drive and the options for charging are ever expanding. Is the car the best option for traveling great distances? Not yet, but we’re saving a lot of money not having to fill two vehicles with gasoline. This is the future.
I was impressed by my 2023 Luxury Lyriq, until I got a ‘Service HV system ” just prior to entering a car wash. After driving it home, with 27 miles of range left, I found it would not charge. Even on a 110;volt receptacle whereas in the past it never failed. Flatbedded it to dealer who, even with Detroit technical representative’s help seems to be having trouble with newly installed propulsion battery. Now it seems they’ve broken the inverter module for the drive motor.
I wouldn’t want them to rush, After all it’s just been nearly a month. They did give me a better 2023 4WD model, something I was unaware they actually did make a few.
Obviously I can’t go on vacation until I get my own car back.
In IL after 90 days of not being able to repair your able to declare it as a lemon and they are forced to buy it back. GM is so screw up EV’s. Its either intentional since they loose so much per car and dealers hate them or its complete incompetence and I don’t know which is worse. I guess since its their first EV, wait its not their first EV is it. They have had a decade to make a production ready EV and this is why they send out.
I was impressed by my 2023 Luxury Lyriq, until I got a ‘Service HV system ” just prior to entering a car wash. After driving it home, with 27 miles of range left, I found it would not charge. Even on a 110;volt receptacle whereas in the past it never failed. Flatbedded it to dealer who, even with Detroit technical representative’s help seems to be having trouble with newly installed propulsion battery. Now it seems they’ve broken the inverter module for the drive motor.
I wouldn’t want them to rush, After all it’s just been nearly a month. They did give me a better 2023 4WD model, something I was unaware they actually did make a few.
Obviously I can’t go on vacation until I get my own car back.
I don’t think NYS lemon law applies since loaner is at least as good
GM is too woke lately. Think of the flawless release of the 2011 Chevy volt, and the beautifully engineered 2014 caddy ELR which used a volt drivetrain even though being a totally different car. That was no doubt due to Bob Lutz making sure everything was “just so” prior to release.
Now, they seemingly cannot make any kind of battery, Ultium or bolt type., work right. Ultiums are apparently the worst since at least bolt won’t leave u stranded.
have the dealership give you a service loaner and go on vaca.
Hi Tom,
They did. Same Lyriq as mine except 500 horsepower.
But as part of rental agreement I can’t leave state. If they tell me car is fixed I have 24 hrs to return it at 88% soc. So you see the conundrum .
That’s your fault for being a gullible fool and buying a Lyriq.
Now suffer the consequences.
The main suffer the consequences for me is I’m getting a new $20,000 battery and possibly a new radio. And I am driving a nicer loaner free of charge and free of any charge of wear and tear until the above actually happens.
Some people here just are not the sharpest tool in the shed.
Had the same issue with my 6 month old 2023 Lyriq. Took them a month to replace the high voltage motor.
Returned the car to GM under CA lemon law.
That’s such a shame they are such nice cars. GM management and engineering have failed the company and its loyal buyers
Lemon law didn’t apply to me because the month long loaner was a nicer Lyriq than mine. That said, I like the 2023’s better than the 2024’s. Not wild about the new door handles and don’t like the undefeatable 5G on the 2024’s.
But got mine back today. About $3,500 charged to GM by the dealership besides the new battery swap out which I figure is around another $20,000. Interestingly, they had to reprogram every single module in the car and realign the long range radar to get the super cruise functional.
I’m of course overjoyed to get my car back, but they have to sell a lot of flawless cars in the future to merely break even considering what they just spent on me.
Painful expense for selling cars before they are ready. Mary needs to fire middle and upper management that can’t run faster and do better. Seems like their crack engineers need a wake up as well. Maybe they should be making web pages
Well Bob, they do need Web Page work. The current one in black and white looks like someone in high school was their head Web Master..
Not to be a broken record, but most GM evs have features any value seeking buyers could leave out, — in other words, if people want all the bling and gadgets they could buy them Optionally, as GM used to do it years ago.
GM seems to put forth a half-hearted effort to standardize parts, but then they still end up with silly things that are poorly thought out.
My LYRIQ cannot charge at most ChargePoints since the silly door apparatus and j1772 location pushes on the release shut off button of the charge point… more than half the Chargepoints here have busted latches which means to get the charger working you have to put a filter cigarette butt under it to get it to work, but on the Lyriq that is impossible. Who needs a silly motorized charge door anyway? I haven’t seen many Gasoline powered cars that have motorized filler doors.
Most of the new Caddy’s EV pricing to me is too high…. 2wd Escalades start at a reasonable price, but the Escalade IQ at $130,000 on up makes me wonder what rich area of the country is going to buy them?
They include with most GM cars a portable 110/220 volt 8/12/32 ampere charging cord to go along with the sometimes free QMERIT receptacle installations… Therefore the charger they used in the 2017 BOLT and the 2019 VOLT premier (32 amps) should be the standard charger for all EVs and if people want something bigger they can optionally get it… The 48 amp chargers standard on all GMs now I bet 99% of the time are never utilized. The 80 amp standard charger in my 2023 LYRIQ will also never be used, but parts shortages ended up causing the super expensive HUMMER EV in 2023 to have to have 48 amp chargers (which is the one vehicle GM makes that really could use an 80 ampere charger since their buyers are well healed), but the LYRIQs used up all the 80 amp chargers available to GM unnecessarily..
This all started with how slowly the BOLT DC fast charged. NO ONE complained that 32 amperes at home charging wasn’t enough… Incidentally, the LYRIQ battery is 50% larger than the BOLT EV but overall doesn’t really charge any better than 50% faster… If you try charging it faster, it will only do so for a few minutes and then severely taper.
If history repeats, GM will install 2 – 80 amp jacks and have 2 – 80 amp chargers in the LYRIQ when the complaint has nothing to do with that, but merely how slowly the car fast charges…. Obviously the Blazer EV will even suffer to a greater extent since most Ultium batteries in the Blazer EVs aren’t as large as the 102.5 (conservatively rated kwh – i personally think its actually around 115) kwh Lyriq Battery.
And the one or two times I might have to travel long distances I will take the extra time to charge..oh wait I can take a pea, get a cup of coffee and/or just eat and stretch after 3 or 4 hour drive. But I guess some can’t think this way for that 1 or 2 times in lieu of the other advantages the other 98% of the time. It works for me.
This coming from a dealer who hates EVs maybe? I see this a lot. The Blazer is cool. The only issue is its priced too high. EV’s are awesome.
I will play this game one more time. How much bloodmoney above the already high MSRP is your dealership demanding on that Blazer EV? Still waiting…
Are you an oil company REP?
No, he just has common sense.
No he is just stuck in the past
No, he’s just another ignorant, un-informed, rip-off artist car salesman who’s in complete denial about the thought that perhaps “it’s not you (or the car) thats the problem, it’s me.”…
I think probably good to force the issue. If the US plans to wean itself off China, money is the only thing that will do it. US labor is more, so of course companies will use alternate if at all possible. And that means China, Mexico, India, … There was a time when the US was the industrial juggernaut. Those days are long gone, early 60’s saw the beginnings of the future.
And that point is what ties back into Europe if god forbid a WW3 occurs and they go under his thumb….people think our little toilet paper thingy was big deal. Wait til we dont get things the rest of places like even Europe makes we might rely on and then potential controlled….aka Ukraine falling. Now I may be dead by that time but someones kids and grand kids will have to do what was done for WW2 but I guess they dont care until that time comes and both money and blood will be spent more than likely.
Funny that there are near identical comments and on two of them the usernames link to product pages. Almost like “Rev TV” and “Inat Box” are just spam accounts…
GM will be offering a $7500 incentive on the affected vehicles so the net impact to the consumer is the same as the federal credit.
Any GM credit should be $10k off MSRP plus the $7500 credit….$17,500 off MSRP. That’s where it should be priced anyway.
I would look at it for sure if it had that big a discount. The recent press review about how the press car failed miserably did not help confidence
Robert, I need this in writing. Is this fake news?
No, the $7500 incentive is not the same as the federal tax credit. You won’t be paying interest for financing that extra $7,500.
What you say is a little confusing. They are both federal tax credits though how you get it is different and of course less money to borrow so no interest. Now if we could only get the state to not charge taxes on that part too like trade in values that are taken off the cost before taxes as I recall.
What’s confusing to you? If I pay $50K for a vehicle and then get a $7500 tax credit I will have to finance that $7500 into my loan. If I get that $50K vehicle for $42,500 I will not have to pay finance charges on that extra $7500.
Put a gas engine in it and then it will sell.
But that will not happen as long as Mary and Joe are in control
Gas cars are the worst.
Make it a plug in hybrid with 75+ miles of electric only range. That would sell.
I have test driven 6 different electrics and I’m ready to buy a Lyriq. Incredibly fun to drive.
I have purposely sought out EV owners at charging station and asked how they like their EV.
Almost universally the first comment is “I love it”
It would be helpful if commenters about EV on GM Authority would indicate if they have actually driven an EV.
Bit of a roll of the Dice at the moment.
GM doesn’t believe in “Making it right the First Time” any longer.
I am not sure if you want to drop your cash on any GM EV product. Their current build and quality issues doesn’t give a great feeling. If you can afford to be without the vehicle as someone figures out whats going on with it, then you might be OK. The charging curve of the Lyriq is NOT great. It has issues. Maybe it will get fixed. Maybe not. On paper the Lyriq is great in reality its a car that’s in progress.
They simply wont with backup info of what it is they dont like other than the longer charge when on the road which I am willing to bet MANY arent doing so its just a nice feeling to know one can put gas in by 5 minutes or less then work around the temporary tech to charge up to 30 minutes for those few travel times in a year. Now I will say if your an apartment dweller and if they are not accomodating that would be a bigger drawback than say the on the road delayed charging until the tech gets better. When I hear the haters I then ask please throw your cell phones out, your led/oled tvs, your computer and any other thing you rely on that took years to perfect as we know it today. And some I speak to are adamant about target drop dead dates to get rid of gas but understandable I can see that point which is why incentives move the needle better. And those that say not my tax payer dollar I say then please stop all the fracking well incentives in the tax code, bring our military home that keeps the flow of oil across the oceans going, on and on that keeps oil pricing relatively stable. And to those that think we are oil independent I need them to recheck the math. Even under Biden at what 13.3m barrels produced and our consumption at 20 million somehow some think we pump all we need and then some. Should I go on..no. LOL. I will gladly keep my gas truck but buy an EV to move the needle forward. I will say having my volt for 10 years now I have saved a ton of gas with my 90% driving habit within its range…oh because I happened to stumble into solar in 2012 not planned which has eliminated my util bill 100% since then too. Life is good. They will figure it out when the refineries becomes theirs to own me thinks and I want to experience this revolution now while I am living not when I am 80+. LOL
But u have asked that same guy ovet and over.. i am in New York and MD… Have not yet seem a Lyriq on the road. Out of the initial consumer presales of 70k… How many were actually built for the US so far?? 5-6k?? Most consumers walked and bought ICE vehicles after endless delays
I will play this game yet again. How much bloodmoney above the already high MSRP is your dealership demanding on that Blazer EV? Perhaps they lose interst once they discover the amount of extra money they’re requirded to pay because the dealership thinks the Blazer EV is “Sharp!”… If you read the fine print, that money on the hood probably includes “free” oil changes to go with that $6K pinstripe…
Bob I would take any charging curve right now, haha..
Just talked with dealer. THEY are satisfied with new battery. But now radio is broken. Since Christmas is Monday they can’t do anything until afterwards, which means another call to Detroit to see if it is salvageable or in lieu of that a brand new radio.
Maybe by New Year’s???
This whole incentive scheme is to help US automakers: GM & Ford start selling EVs to save themselves from Chinese onslaught. However their workforce, suppliers and dealers are just not interested.
You can see Buicks 960 dealers opting not to sell EVs while the other 1,000 opted in.
Same is the case with Ford, poor Jim Farley tries his best.
He faces the same issues that Carlos Ghosn (Renault/Nissan) and Herbert Diess (VAG) faced.
If you want an EV, pay MSRP for it. Why should my tax dollars go to subsidize 25% of the car buying population. It’s bad enough my insurance rates are increasing because of EV’s that are written off because of a “battery damage” accidents. Hyundai Ioniq 5 batteries…….almost $60,000 to replace. What is wrong with people?
Fact is we are getting our own tax money back to support American car AND battery makers
Aren’t EVs about 6% of sales?
Expected to be 9% of sales and growing
So lets expand your mind a little further if you can. Stop using my tax dollars then to subsidize the drilling of oils and on top of that bring home our military from the MEast that is used to keep the waterways open so that general oil pricing does not go up and bounce around. I bet you would be paying 5 to 10 bucks a gallong of what you nicely get for 3 bucks probably and still complain. Got it?
Totally agree with tax money to drill holes and wars for oil. Why not build batteries at home with our lithium and iron we have a lot.
Let’s expand our minds even more. Look around the room you’re in and I guarantee 80% of the materials you’re looking at have oil in them. The electric cars that are being rammed down the public’s throats, loaded with oil. The process to mine the lithium and raw materials for the motors are driven by oil. Unless you’re going to wear a banana leaf and pedal around in your Fred Flintstone car, you need oil more than you can imagine. Are you that naive?
Let me ask do you smoke 3 packs a day? Gas cars, which i have had more than ten are just not healthy for the planet let alone you. Diesel is cancer causing. The smog in valleys lasts hours after rush hour. So instead of complaining look at this as an oportunity to move forward away from polluting gas. My thought is you could care less what your doing to others as long as you have your Rumble
This where I will say it. Stupids. I did not say stop producing oil. Use it more wisely. Your probably the person who smokes and thinks it does nothing to you. Your choice But dont get on a band wagon of your tax dollars until ALL OF IT GOES away to support various enhancements in whatever way they come. And yes at one point coal and even oil was an enhancement but now were beyond that point. And if you want to now compare mining vs oil fracking….go look up what happens what a million+ gallons of polluted water laced with chems goes NOT SUPPOSE TO GO, but goes because industries hide things until they are FORCED to properly dispose of it…oh which would jack up gas prices. I can go on but its useless. And no I dont believe in forced years of get off oil and on EVs or such. But I am willing to help along by transitioning. And when mass production is up other can afford one too just like your computer, your cell phone, your LED/OLED TVs, and and and. In the end its just people stuck in their way and/or haters. Fine. But your tax nonensense holds no water.
With oil you get triple pollution. From the gathering to the refining to the burning of gas. Thats a lot worse than elextric. By the way CAT has electric mining trucks they just started making
As soon as they get the range up to 500 to 600 with a 20-minute charge I’m in as long as I get a good warranty on the battery. Living in a cold climate it has to be at least that as I understand they lose about 30 % in the winter.
Lyriq’s heat pump seems to work fairly well. Only impacts range in 15 deg F weather about half as much as a Chevy Bolt does, which is pretty good considering Lyriq and Blazer’s cabin is larger.
30%? Who loses that much? With so many tesla chargers in trying to understand the need for 500 miles of range. I’ve traveled long distance with much less range
The Chinese have already solved the battery charge issue. They design vehicles where the battery can be swapped out in 5-6 minutes at places that look like gas stations. Genius. You buy the vehicle, but not the battery. The vehicle is WAY cheaper. Pull into the swap station almost dead and 5 minutes and $30 later you’re on your way with a full charge. Don’t even have to worry about the warranty on the battery.
Chris:
Those battery swap out things are not the panacea you think they are.
Many have tried but only a few succeeded.
For long life you need battery cooling and heating, with air bubble free antifreeze.
Even Tesla tried this and abandoned it .
Yes you have to buy a battery every 15 years on a GM car, but you don’t have to pay for a new engine and transmission usually at far fewer miles. Some engines lately (Hyundai lately) have trouble at 50,000 miles.
In balance the maintenance requirement is 30 to 40 percent cheaper with electrics and in my area of higher gas taxes The fueling cost is half or cheaper.
EVs don’t make sense for many. But for many others they do.
Hyundai has bigger problems than their engines failing. Try $60,000 for a battery replacement on the Ioniq 5. A couple cases already. What person with half a brain stem is going to buy a 6-8 year old electric car with 200,000 kms on it. I can keep an ICE vehicle running with that kind of mileage. Rebuild a motor or tranny. Never mind range anxiety, let’s talk battery life expectancy. Look at the new Blazer EV, massive problems with it. And it’s $75,000 Canadian!! Are you kidding me.
At least gm didn’t muck that up. They have modules so the pack can be serviced. My guess is a couple a grand per module. Also battery price are dropping big time. As time passes they just get cheaper
Chris:
Your comment on my questioning price has not arrived yet to this main board, but, in the future, I think that pricing will be important – more specifically Value for the Money… Europe and the USA are imploding financially and it will be tough for the next few years.. Don’t know for sure but am told that many in Canada are having problems with their Mortgages financing C$500,000 homes.
If people start having severe money problems, – any amount of left over cash to spend on GM evs is going to be reduced.