2024 Equinox EV*  |  2024 Blazer EV*  |  2024 Chevrolet Silverado EV*

2024 Equinox EV*

2024 Blazer EV*

2024 Chevrolet Silverado EV*

2023 Tax Incentives

Put Federal Tax Deductions and Credits to Work for You

You could get more tax benefits when you purchase the vehicles that you need. Both large and small businesses may be eligible to immediately deduct up to 100% of the purchase price* of qualifying vehicles. Beginning in 2023, businesses that purchase qualifying electric vehicles may qualify for a federal income tax credit of up to $7,500.*

2023 Eligible Vehicles

Up to 100% of the purchase price*

Up to $25,000 plus
up to 80% of the
remaining purchase price
plus standard
depreciation deduction*

Up to $20,200*

Vehicle Brand

Large trucks, Cargo Vans and
10+ Passenger Vans —
GVWR* greater than 6,000 lbs.

Other Trucks, Passenger Vans
and SUVs —
GVWR* greater than 6,000 lbs.

All Vehicles —
GVWR* 6,000 lbs. or less

Chevrolet

Silverado 1500/2500/3500 — Standard or Long Bed Only
Silverado 3500 HD Chassis Cab
Silverado 4500 HD/5500 HD/6500 HD
Express Cargo Van
Express Passenger Van (10+ passenger seating only)
Express Cutaway
Low Cab Forward

Silverado 1500 — Short Bed
Blazer
Suburban
Tahoe
Traverse
Colorado (all except 2WD with 5,800-lb. GVWR)
Express Passenger Van (all except 10+ passenger seating)
Silverado EV WT

Bolt EV
Bolt EUV
Camaro
Corvette
Malibu
Equinox
Trailblazer
Trax
Colorado (2WD with 5,800-lb. GVWR only)

GMC

Sierra 1500/2500/3500 — Standard and Long Bed
Sierra 3500 HD Chassis Cab
Savana Cargo Van
Savana Passenger Van (10+ passenger seating only)
Savana Cutaway

Sierra 1500 — Short Bed (incl. Denali)
Yukon (incl. Denali)
Yukon XL (incl. Denali)
Acadia (incl. Denali)
HUMMER EV Pickup
HUMMER EV SUV
Canyon
Savana Passenger Van (all except 10+ passenger seating) 

Terrain (incl. Denali)

Buick

N/A

Enclave (incl. Avenir)

Encore GX
Envision (incl. Avenir)

Cadillac

N/A

Escalade
Escalade ESV
XT5
XT6
LYRIQ

XT4
CT4
CT5

Federal Income Tax Credits for Electric Vehicles

Individuals, businesses and tax-exempt organizations that purchase a qualifying electric vehicle may qualify for a federal Clean Vehicle or Commercial Clean Vehicle income tax credit of up to $7,500* for vehicles placed in service in a trade or business during 2023.

Make / Model

Model Year(s)

Maximum Credit

Cadillac LYRIQ

2023 - 2024

$7,500

Chevrolet Blazer EV

2024

$7,500

Chevrolet Bolt EV

2022 - 2023

$7,500

Chevrolet Bolt EUV

2022 - 2023

$7,500

Chevrolet Equinox EV

2024

$7,500

Chevrolet Silverado EV

2024

$7,500

GMC HUMMER EV SUV

2023 - 2024

$7,500

GMC HUMMER EV Pickup

2023 - 2024

$7,500

GMC Sierra EV (Denali Edition 1)

2024

$7,500

Each purchaser’s tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). For more information, visit www.irs.gov. This advertisement is for informational purposes only and should not be construed as tax advice or as a promise of availability or amount of any potential tax benefit or reduced tax liability.

Next Steps

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Search Inventory

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Questions?
Get in touch.

Transformative change doesn’t happen overnight. Let us start you on the journey with the right people, asking the right questions.

Questions? Get in touch.

Transformative change doesn’t happen overnight. Let us start you on the journey with the right people, asking the right questions.