2024 Chevrolet Blazer EV

The price you see reflects the $7,500 US Fed EV Tax Credit. Not everyone qualifies for the US Tax credit. Ask your sales rep for details and your tax consultant to see if you qualify.The U.S. Federal tax credit for electric vehicles (EVs), including the Chevrolet Blazer EV, is part of a government program designed to incentivize the purchase of eco-friendly vehicles. As of 2024, heres how the tax credit works and some key qualifications for purchasing a new Chevrolet Blazer EV:Tax Credit Overview:Amount: The federal tax credit for eligible electric vehicles can be up to $7,500.Credit Type: It's a non-refundable tax credit, meaning it reduces the amount of taxes you owe, but it will not result in a refund if your tax liability is less than the credit amount.Qualifications for the Chevrolet Blazer EV:To qualify for the credit when purchasing a new Chevrolet Blazer EV, several factors are considered:1. Manufacturing Requirements (Battery Sourcing and Assembly):The battery materials (like lithium, nickel, cobalt, etc.) used in the Blazer EV must meet certain sourcing guidelines. A portion of the critical minerals used in the battery must come from the U.S. or a country with which the U.S. has a free trade agreement.Additionally, the final assembly of the Blazer EV must occur in North America.2. Income Limits:The tax credit is only available to individuals or families below certain income thresholds:For single filers, your adjusted gross income (AGI) must be $150,000 or less.For head of household filers, the AGI limit is $225,000.For married couples filing jointly, the AGI limit is $300,000.3. Price Limits:The Chevrolet Blazer EV must have a manufacturers suggested retail price (MSRP) under $80,000 to qualify for the full tax credit. If the price exceeds this amount, the vehicle would not be eligible for the tax credit.4. Purchase Requirements:The credit applies only to the original buyer of a new EV. Leasing the vehicle does not usually allow you to claim the tax credit, though the leasing company may pass along savings in the form of reduced payments.The vehicle must be purchased for personal use and not for resale purposes.By meeting these requirements, buyers of a new Chevrolet Blazer EV can take advantage of the federal tax credit, helping to reduce the overall cost of the vehicle and make EV ownership more affordable.