Chevrolet Bolt to lose its full $7,500 tax credit from April 2019

GM has now sold over 200,000 electric and plug-in hybrid vehicles, so its qualifying cars won’t qualify for the full US$7,500 federal tax credit from April.

Right now only two cars in the GM range, the Chevrolet Bolt and Volt, qualify for the federal tax credit. The Volt production will end in March, but the Bolt will continue into the future.

From April to September 2019, Bolts (and any remaining Volts) will only benefit from a US$3,750 tax credit. This will drop to US$1,875 from October 2019, and will phase out completely from April 2020.