Bolt Tax Credit
You Might Be Eligible to Take Advantage of an Exceptional Tax Credit
Now is a great time to get behind the wheel of an electric Chevrolet. Bolt EV and EUV purchases may be eligible for a Clean Vehicle Federal Tax Credit of up to $7,500. Consult your tax, legal or accounting professional for personal eligibility on household income. Credit amount is subject to change.*
*Disclaimer
Vehicle may qualify as a New Clean Vehicle under the Clean Vehicle Credit found in Section 30D of the Internal Revenue Code, as enacted on August 16, 2022, as part of the Inflation Reduction Act (IRA), pending the issuance of implementing guidance from the U.S. Department of the Treasury. Your personal eligibility to claim the Section 30D tax credit depends on your own individual circumstances, including whether your adjusted gross income for the current or preceding taxable year exceeds the income thresholds contained in Section 30D. You should consult with your own tax, accounting or legal professional or advisor to confirm your eligibility for the Clean Vehicle Credit, or if you have questions regarding your qualification to claim the credit. This information does not constitute tax, accounting or legal advice. For more information about the Clean Vehicle Federal Tax Credit, please visit https://www.fueleconomy.gov/feg/taxevb.shtml.
Frequently Asked Questions About the 2023 Chevrolet Bolt EV & Bolt EUV Tax Credit at Penske Chevrolet of Cerritos
What is the 2023 Chevrolet Bolt EV and Bolt EUV tax credit?
The federal clean vehicle tax credit may be available for qualifying Chevrolet Bolt EV and Bolt EUV purchases depending on vehicle eligibility, buyer qualifications, and current IRS guidelines. Penske Chevrolet of Cerritos can help answer general questions during your shopping experience.
How do I know if I qualify for a Bolt EV or Bolt EUV tax credit?
Eligibility depends on several factors, including current federal requirements and individual circumstances. We recommend reviewing the latest IRS guidance or speaking with a qualified tax professional to determine your eligibility.
What is the difference between the Chevrolet Bolt EV and Bolt EUV?
Both models offer an all-electric driving experience, while the Bolt EUV provides additional passenger space and a slightly larger overall design. Choosing between them depends on your driving preferences and everyday needs.
Can I finance a Chevrolet Bolt EV or Bolt EUV?
Yes. Penske Chevrolet of Cerritos offers financing options for qualifying customers interested in a Chevrolet Bolt EV or Bolt EUV. Our finance team can help you explore available payment options and begin the purchase process.
Where can I learn more about Chevrolet electric vehicles?
You can explore our current Chevrolet electric vehicle inventory, learn about available EV models, and speak with the Penske Chevrolet of Cerritos team to find the electric vehicle that fits your lifestyle.