Electric Vehicle Tax Credit FAQs

Whether a new Chevy electric vehicle is eligible for EV tax incentives depends on if it meets the latest IRS qualifications. Vehicle eligibility requirements include:

• Battery capacity of at least 7 kWh
• Gross vehicle weight rating of less than 14,000 pounds
• Final assembly in North America
• MSRP of no more than $80,000 (SUVs, vans, trucks) or $55,000 (all other vehicles)

Please note that this list isn't exhaustive. For more detailed information, please speak with our Chevy sales team, who can share the complete requirements for claiming EV tax credits in New York.

Yes, used electric cars may now qualify for tax savings thanks to the updated IRS rules .Restrictions related to the used EV tax credit include:

• Age -- A vehicle must be at least two years older than the current calendar year when purchased. This means that a used EV bought in 2023 must be no newer than the 2021 model year.
• Price -- The vehicle must have a sale price of $25,000 or less.
• Income -- Certain income limitations may apply to the used EV tax credit depending on your filing status. Please visit our Chevy dealership or speak with an accountant for more details.

Both the 2023 Chevrolet Bolt EV and Bolt EUV may be eligible for federal EV tax credits. Other upcoming Chevy electric vehicles may also qualify for federal tax savings, though this can't be confirmed until the 2024 Blazer EV or Silverado EV release date arrives.