Blog / 2023 Models

The New Electric Vehicle Tax Credit Legislation for EV Vehicles

bolteveuvblog
On August 7th, 2022, the Senate passed the “Inflation Reduction Act” which is an amended version of the $790 billion tax and spending bill. The legislation is looking to be considered by the House on Friday, August 12th with a high expectation to pass as the vote in the senate passed 51-50. President Biden has stated he will sign the bill into law possibly early next week with the bill including an important change for the section 30D federal electric vehicle (EV) tax credit. Even though the tax credit program does not go into effect until the first of January 2023, a new requirement will go into effect immediately upon the enactment.

The mandatory requirement for the up to $7,500 federal tax credit is the electric vehicle (EV) will need to have its final assembly within the U.S., Mexico, or Canada. Once the bill has been signed, if the final assembly was completed outside of North America without an already written bonded contract to purchase in place, the vehicle no longer qualifies for the tax credit. At Jerry’s Chevrolet of Baltimore, our EV model vehicles all qualify under the Inflation Reduction Act as our EV vehicle’s final assembly points are in Detroit, Michigan, and Ramos Arizpe, Coahuila, Mexico. We are looking forward to the upcoming 2024 models Silverado EV, Blazer EV, and Equinox EV to make their landing through 2023 year. If you are currently looking for an Electric Vehicle at this time, we would love to show you one of the 2022 Chevrolet Bolt EV or Bolt EUV. If you would like more information about the upcoming EV models, click here or contact us by clicking here. Come on out to Jerry’s Chevrolet of Baltimore and let us assist you in getting into the next generation of vehicles!

Posted in:

Related Posts

Costco Members in Baltimore, Maryland: Save $1,000 on New Chevrolet Silverado and Equinox models at Jerry’s Chevrolet

If you're a Costco member in the Baltimore, Maryland area, you're in luck! Costco and GM are offering a special incentive for members to purchase or lease select, new Chevrolet Silverado 1500 trucks and Equinox SUVs. From November 1, 2023 to January 2, 2024, eligible members can save $1,000, plus all available incentives for which they qualify. Here are the details of the offer: Eligible Models: Chevrolet Silverado 1500 and Chevrolet Equinox Eligibility Requirements: Be a Costco member by October 31, 2023 Register for the Limited-Time Special by January 2, 2024 to receive a certificate with a unique Promotion Code Take delivery of a qualifying model between November 1, 2023 and January 2, 2024 To register for the Limited-Time Special, simply visit the Costco Auto Program website and enter your Costco membership number. Once you're registered, you'll receive a certificate with a unique Promotion Code. When you're ready to purchase or lease a qualifying vehicle, simply present your certificate to the sales professional at Jerry’s Chevrolet on Joppa Road in Baltimore County, Maryland.

ChevyVSHonda

2023 Chevrolet Trailblazer versus the 2023 Honda HR-V in Baltimore

The 2023 Chevrolet Trailblazer and the 2023 Honda HR-V are two of the most popular subcompact SUVs on the market. Both vehicles offer excellent fuel efficiency, plenty of cargo space, and a variety of standard features. However, there are a few key areas where the Trailblazer outshines the HR-V. Performance The Trailblazer comes standard with a 1.2L turbocharged three-cylinder engine that produces 137 horsepower and 162 lb.-ft of torque. This engine is more powerful than the HR-V's 2.0L four-cylinder engine, which produces 158 horsepower and 140 lb.-ft of torque. The Trailblazer is also available with a more powerful 1.3L turbocharged three-cylinder engine that produces 155 horsepower and 174 lb.-ft of torque. This engine is not available on the HR-V. Fuel Efficiency Despite its more powerful engine, the Trailblazer still gets better gas mileage than the HR-V. The Trailblazer gets an EPA-estimated 29 mpg in the city and 31 mpg on the highway with front-wheel drive. The HR-V gets an EPA-estimated 28 mpg in the city and 34 mpg on the highway with front-wheel drive. Technology The Trailblazer comes standard with a 7-inch touchscreen infotainment system with Apple CarPlay and Android Auto compatibility. The HR-V also comes standard with a 7-inch touchscreen infotainment system with Apple CarPlay and Android Auto compatibility, but it is not as user-friendly as the Trailblazer's system. The Trailblazer also offers a variety of available technology features that are not available on the HR-V, such as a wireless charging pad, a Bose sound system, and a head-up display. Cargo Space The Trailblazer offers more cargo space than the HR-V. The Trailblazer has 25.6 cubic feet of cargo space behind the rear seats and 54.4 cubic feet of cargo space with the rear seats folded down. The HR-V has 24.4 cubic feet of cargo space behind the rear seats and 58.8 cubic feet of cargo space with the rear seats folded down. Price The Trailblazer is more affordable than the HR-V. The Trailblazer starts at $23,395, while the HR-V starts at $25,095. Why the Trailblazer is a Better Choice for Young People In addition to the advantages listed above, the Trailblazer is also a better choice for young people for a few specific reasons. First, it is more stylish than the HR-V. The Trailblazer has a bold, sporty design that is sure to appeal to younger buyers. Second, the Trailblazer is more fun to drive than the HR-V. Its more powerful engine and sharper handling make it more engaging to drive. Finally, the Trailblazer is more affordable than the HR-V. This is especially important for young people who are on a budget. The Trailblazer offers excellent value for your money, and it is a great choice for young people who are looking for a stylish, fun-to-drive, and affordable SUV. The 2023 Chevrolet Trailblazer is a better choice than the 2023 Honda HR-V for a number of reasons. It offers more power, better fuel efficiency, more technology features, and more cargo space. It is also more affordable. If you are looking for a subcompact SUV that offers the best value for your money, the Trailblazer is the clear choice.

Blog_Feature_Image_Silverado

2023 Chevrolet Silverado Overview in Baltimore, Maryland

With the Chevrolet Silverado as the number one best-selling retail full-size light-duty pickup, you can bet having one of the best! With many trucks to choose from, let’s go over the great features of the Silverado. I would love to point out the new upgrades the Silverado comes with for the 2023 year. Chevrolet has delivered on the refined second-generation Duramax 3.0L turbo-Diesel engine, creating 10 percent more horsepower and 7.6 percent more torque. New steel piston design, revised turbo compressor, new fuel injectors, and an improved Temperature control feature. They have added new exterior colors to choose from. Radiant Red Tintcoat, Sterling Gray Metallic, and Harvest Bronze Metallic will be available at an additional cost. On Chevrolet’s High-Country models, you’ll have a Jet Black/Umber interior available for your style and comfort. Pictured: Multi-Flex Tailgate feature of the Chevrolet Silverado. There are many trims to choose from when it comes to your Silverado. WT, Custom Trail Boss, LT, RST, LT Trail Boss, ZR2, LTZ, and High Country. You can use the Silverado as a work, off-road, or luxury truck. Of course, one of the greatest things about owning a pick-up truck is the ample amount of space in your cargo area and the bed of your truck. Most functional bed in the line up with 12 standard tie downs, 89.1 cubic feet of space, and available power up/down tailgate for ease. My favorite exterior feature when I had my opportunity to check out the Silverado is the Multi-Flex Tailgate that offers 6 different functions to help improve loading, and uploading and is a great step up for someone like me who is 5 foot 3 inches! This truck's needs and wants are just great for any lifestyle. Left: Front Seats with Center Console only. Right: 40/20/40 Split-Bench Front Seat. Getting into the interior of the Silverado, you have plenty of space in the cab which also creates a ton of space between the front and rear rows that your tall family members and friends would greatly appreciate. I took an opportunity to hop into the Custom trim model of the Silverado and took it on a test drive. I think my favorite feature is the 40/20/40 split-bench front seat with under-seat storage. It brings back the old days of your partner sitting close to you instead of across the vehicle from you but if you are not into that, it’s great for 3 people across or placing the middle seat down and having tons of cargo storage and 2 cup holders. Another great feature is the technology that the Silverado comes packed with. Chevrolet Infotainment 3 system with color touchscreen, Bluetooth compatible wireless Apple CarPlay, and Android Auto, 3.5” diagonal monochromatic driver information center, remote start, two USB ports, 120-volt power outlet, OnStar & Chevrolet Connected Service capabilities and so much more. Don’t forget the standard Chevy Safety Assist, a package of six advanced safety and driver assistance for great peace of mind for the driver and all the passengers. We have an awesome selection of different Silverado models at Jerry’s Chevrolet of Baltimore, and we would love to assist in making the best-selling full-size light-duty pickup your next vehicle! Click here to see the great inventory we have ready for you! If you would like to contact one of our Sales Professionals for more details, click here! We look forward to seeing you at Jerry’s Chevrolet of Baltimore!