Government Incentives for Chevy EVs
One of the biggest perks of purchasing a Chevy EV is the range of incentives available to make your switch to green driving more affordable. Federally, you can qualify for a tax credit of up to $7,500, depending on the model and your eligibility. Many states also offer their own incentives, including rebates, reduced registration fees, and access to HOV lanes. Be sure to check your state’s specific programs to maximize your savings.
Chevy EV Models Eligible for Tax Credits
Chevy offers a range of electric models that qualify for tax credits, including the Chevy Bolt EV and Bolt EUV. These eco-friendly vehicles are equipped with advanced features and are priced competitively, making them an excellent choice for anyone looking to make the switch to electric. Head to your nearest dealership to confirm the eligibility of your preferred Chevy EV.
The Financial Benefits of Owning a Chevy EV
The cost savings don't stop with the initial incentives. Chevy EVs deliver ongoing savings thanks to lower fuel costs—charging at home typically costs just $0.03-$0.05 per mile. Plus, with fewer moving parts, you'll spend less on maintenance—no oil changes or pricey engine repairs required!
Over the lifespan of your vehicle, these savings can add up to thousands of dollars, making EV ownership a financially smart decision.
How to Claim Your Chevy EV Tax Credit
Claiming your Chevy EV incentives is simple. To claim the federal tax credit, you’ll need to file IRS Form 8936 during tax season. State-level incentives can differ, but you may need to submit proof of purchase or lease to the appropriate state agency. Your Chevy dealer can help ensure you receive all the credits you’re entitled to.
