As of January 1st, 2025, the Chevy Bolt EV and Chevy Bolt EUV are officially no longer eligible for the federal EV tax credit. Up until December 31st, 2024, buyers could get a tax credit of up to $7,500. This is unsurprising since these EVs have been out of production for over a year now, but now it’s official.
The Chevy Bolt EV and Bolt EUV losing the federal tax credit coincides with a dwindling inventory of new models available at Chevy dealerships. A quick search on Autotrader shows a grand total of 11 new models, most of which are EUVs, are for sale right now nationwide. So, in theory, this unfortunate news will only affect 11 people stuck paying full price for their Chevy EVs.
These aren’t the only EVs that lost EV tax credit eligibility in 2025. One of the Bolt’s closest rivals, the Nissan Leaf, used to be eligible for half of the federal tax credit for up to $3,750, but not anymore in 2025. The Rivian R1S and R1T also lose their $3,750 tax credit eligibility. The Volkswagen ID.4 electric crossover is another EV that used to be eligible for the full $7,500 tax credit, but not in 2025.
The list of electrified vehicles eligible for a federal tax credit dwindled more significantly for plug-in hybrid electric vehicles (PHEVs). The PHEV versions of the Audi Q5, Ford Escape, Jeep Grand Cherokee, Jeep Wrangler, and Lincoln Corsair have all lost their eligibility for a $3,750 tax credit. That leaves only one PHEV still eligible: the Chrysler Pacifica Hybrid minivan.
2026 Chevy Bolt EV rendering
This news comes as the federal EV tax credit appears to be on the chopping block. President Donald Trump will begin his second term mere weeks from now, and an incoming Republican-controlled Congress appears to be aligned on cutting the EV tax credit and loosening fuel economy regulations.
As for the future of the Chevy Bolt EV, GM’s most affordable electric vehicle will enter a new generation for the 2026 model year. It will be based on the BEV2 platform and be sized similarly to the Bolt EUV but with newer GM motors and batteries.
Comments
Chances are, those 11 units showing left are prior service loaners that I don’t think would be eligible anyhow. At least in my area, no dealers have had a new Bolt EV/EUV for months.
In other news the VW egolf is also no longer eligible, along with the Packard and Fusion Energi.