![]() ![]() A 7.2 kW charging system cut recharging times nearly in half, by adding about twice the all-electric driving range per hour of charge (standard on Premier trim and available on LT trim). Toward the end of its life, the Chevy Volt was getting better and better on an all-electric range. While the fleet is slightly bigger, the Volt has been on the road for two more years. Hopefully, the percentage will go down with the increase in electric range that came with the 2016 Volt, which now has a fully electric EPA rating of 53 miles.įor comparison, Tesla’s global fleet of roughly 150,000 vehicles travelled over 2.6 billion electric miles. It’s an interesting statistic, which shows that the Volt successfully replaced with electric miles 1.5 billion miles that would have normally been gas-powered, but it also highlights the need for fully electric vehicles since GM’s Volt fleet still used gas for an important 40% of its total mileage. As we learned in 2016, GM delivered its 100,000th Chevy Volt in the US and the fleet racked up 1.5 billion electric miles on a total of 2.5 billion. “But at the end of the day, if we can get the battery chemistry vertically integrated, correct, and cost-effective, and our control systems are taking everything we’ve learned from Bolt and Volt on how to use the battery to get more range and be cost effective… the customer is going to be much, much happier by doing a pure EV than a stopgap. I love the Volt I was one of the early buyers of the Volt, and I get a lot of emails from Volt buyers and I get it,” said Reuss. It was killed in late 2018 in favor of an all-electric future. You will need to include the vehicle identification number (VIN) on the form.The Chevy Volt was a popular hybrid car from General Motors. How to Claim the Used Clean Vehicle CreditĬomplete Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit (Including Qualified Two-Wheeled Plug-in Electric Vehicles and New Clean Vehicles), and file it with your tax return for the year you took possession of the vehicle to claim the used clean vehicle credit. Vehicle identification number (VIN), unless the vehicle is not assigned one.For qualified used EVs, the dealer reports required information to you at the time of sale and to the IRS.Ī dealer is a person licensed to sell motor vehicles in a state, the District of Columbia, the Commonwealth of Puerto Rico, any other territory or possession of the United States, an Indian tribal government, or any Alaska Native Corporation.Be for use primarily in the United States.Be an eligible FCV or plug-in EV with a battery capacity of least 7 kilowatt hours.Have a gross vehicle weight rating of less than 14,000 pounds.Not have already been transferred after August 16, 2022, to a qualified buyer.For example, a vehicle purchased in 2023 would need a model year of 2021 or older. Have a model year at least 2 years earlier than the calendar year when you buy it.To qualify, a vehicle must meet all of these requirements: If your income is below the threshold for 1 of the two years, you can claim the credit. ![]() You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. $150,000 for married filing jointly or a surviving spouse.In addition, your modified adjusted gross income (AGI) may not exceed: Not have claimed another used clean vehicle credit in the 3 years before the purchase date.Not be claimed as a dependent on another person’s tax return.Be an individual who bought the vehicle for use and not for resale.You may qualify for a credit for buying a previously owned, qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV), including cars and light trucks, under Internal Revenue Code Section 25E. Purchases made before 2023 don't qualify. You can't apply any excess credit to future tax years. The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. The credit equals 30% of the sale price up to a maximum credit of $4,000. Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) or fuel cell vehicle (FCV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit (also referred to as a previously owned clean vehicle credit). ![]()
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