How do I get a rebate on my Chevy Bolt?

To get a rebate on your Chevy Bolt, there are a few options available, each with its own conditions and requirements. Here’s a breakdown of the different rebate options and their associated details:
Rebate Options for Chevy Bolt Owners:
1. GM’s Goodwill Reimbursement:
– Chevy is offering rebates of up to $6,000 as a goodwill reimbursement for those who bought a 2020-2022 Bolt EV/EUV in the 2022 calendar year. However, accepting the rebate means agreeing to never sue the company for any present or future issues with the car or its battery or join any class action suits related to the Bolt.
2. Federal Tax Credit:
– The Inflation Reduction Act of 2022 renewed and expanded funding for the federal EV tax credit through 2032 for qualified drivers looking to purchase an electric vehicle. Applicants can receive a non-refundable tax credit of up to $7,500. The Chevy Bolt EV and Chevy Bolt EUV are eligible for this federal tax credit.
3. California Electric Car Rebates:
– California offers a Clean Vehicle Rebate Program of $7,500, incentivizing EV purchases, including the Chevy Bolt EV or EUV.
4. Other Incentives and Rebates:
– There are additional incentives and rebates available, such as complimentary home installation or public charging, state charging station offers, and more. These may vary based on location and time.
It’s important to carefully review the terms and conditions associated with each rebate option to determine the best fit for your specific situation.

Is there a rebate on the Chevy Bolt?

Hybrid and Electric Vehicle Tax Benefits in California
California residents can save big on the purchase of a new Chevrolet Volt or Bolt EV by combining a federal tax credit up to $3,750 with a state of California rebate of up to $2,500 on Bolt EV or $1,500 on Volt.

Is there an income limit for the $7500 EV tax credit?

These are the annual income limits for the $7,500 new vehicle credit: $300,000 for married couples filing a joint tax return; $225,000 for heads of household; and $150,000 for single tax filers.

How does the $7,500 tax credit work?

The $7,500 tax credit is actually two separate credits, each worth $3,750. Vehicles can qualify for both, one or neither. To qualify, in addition to the basic criteria above, the batteries in vehicles matter. That’s because the materials that go into those batteries also need to meet sourcing requirements.

Is the Chevy Bolt eligible for the $7500 tax credit?

New Bolt EV and EUV purchases qualify for a federal tax credit of up to $7,500 for eligible buyers, which can be applied toward vehicle price at time of sale by qualified and participating dealers.

How do I qualify for EV tax credit 2024?

Used EV tax credit qualifications

1. Used car must be plug-in electric or fuel cell with at least 7 kilowatt hours of battery capacity.
2. Only qualifies for the first transfer of a vehicle.
3. Purchase price of car must be $25,000 or less.
4. Car model must be at least two years old.
5. Vehicle must weigh less than 14,000 pounds.

Is there a 2024 Chevy Bolt?

It’s noteworthy that the Chevy Bolt will not see a 2024 model as it has been discontinued, making way for the Equinox EV to take its place, symbolizing the dawn of a new era in automotive excellence.

Does everyone qualify for 7500 EV tax credit?

To qualify for the tax credit, your modified adjusted gross income cannot exceed a certain threshold: $150,000 for single filers, $225,000 for heads of households and $300,000 for married couples. You can qualify based on your income for the year you take delivery of the vehicle or the year before.

What is the $1400 rebate on the Chevy Bolt?

As the latest step in the saga of recalled Chevy Bolts, GM is offering owners of ’20-’22 Bolts early payment of $1,400 of an anticipated class action settlement in exchange for installing a piece of diagnostics software that the company says will detect whether batteries require a full replacement.

What is the 2024 Chevy Bolt rebate?

Applicants can receive a non-refundable tax credit of up to $7,500. From January 1, 2024, the federal EV tax credit is now available as an upfront discount applied at point of sale for qualified buyers.

How much is the Chevy Bolt payout?

$1,400
The latest offer is $1,400 for model year 2020, 2021 and 2022 on the Bolt EV and EUV. The payment will come as a Visa eReward card once owners install what GM is calling “the final advanced diagnostic software” to update the car system as part of the original battery recall.