Exclusive Offer: GM Provides $7,500 Rebate for Eligible EVs

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In light of the recent loss of federal tax credit eligibility for particular General Motors electric vehicles (EVs) effective January 1st, General Motors (GM) has implemented a compensatory measure by offering a direct $7,500 rebate to affected customers.

This rebate is specifically applicable to impacted models, such as certain units of the Chevy Blazer EV and Cadillac Lyriq. 

The decision to provide a direct rebate aims to mitigate the financial impact on customers who may have relied on the federal tax credit, which is no longer available for the specified GM EVs.

GM Ultium Promise Program: Exclusive Rebate Until June 3rd

Exclusive-Offer-GM-Provides-$7,500-Rebate-For-Eligible-EVs
In light of the recent loss of federal tax credit eligibility for particular General Motors electric vehicles (EVs) effective January 1st, General Motors (GM) has implemented a compensatory measure by offering a direct $7,500 rebate to affected customers.

According to a report from CarsDirect, the recently introduced rebate will be accessible until June 3rd through the GM Ultium Promise Program. 

This program grants customers an immediate bonus cash benefit of $7,500 for qualifying units of the 2024 Chevy Blazer EV, the 2024 Cadillac Lyriq, and specific examples of the 2023 Cadillac Lyriq that are still available at certain dealerships.

GM spokesperson Liz Winter stated that both EV models are slated to experience a “temporary” loss of federal tax credit eligibility due to the incorporation of “two minor components.” 

Winter further mentioned that GM is actively procuring qualifying components for inclusion in early 2024.

The $7,500 rebate is eligible for combination with most other incentives, excluding lease deals. This is noteworthy, especially considering that GM Financial has been augmenting residual values for the Chevy Blazer EV rather than offering lease discounts. 

Additionally, the Cadillac Lyriq comes with an extra $1,000 Costco member incentive until February 29th, potentially elevating total savings to $8,500 off the Manufacturer’s Suggested Retail Price (MSRP).

GM Issues Stop-Delivery Order for 2024 Chevy Blazer EV and Other Models

It is pertinent to highlight that in the previous month, General Motors implemented a stop-delivery order for various vehicles, including the 2024 Chevy Blazer EV, as well as units of the internal combustion engine (ICE)-powered 2024 Chevy Blazer, 2024 GMC Terrain, and ICE-powered 2024 Chevy Equinox. 

The Chevy Blazer EV was part of a group of vehicles subjected to a recall due to a fracturing door striker. More recently, GM issued a stop-sale order specifically for the 2024 Chevy Blazer EV, acknowledging specific issues related to software quality.

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