GM expects entire EV lineup to qualify for full $7,500 tax credit as Bolt EV inventory runs low
General Motors shared Monday that it now leads the industry in the number of EV models that qualify for the full $7,500 tax credit. GM expects its entire lineup of electric vehicles under the MSRP cap to be eligible for the full EV tax credit in 2023.
After selling over 20,000 fully electric models in the first three months of the year, GM overtook Ford as the second-largest EV maker in the US.
GM’s CEO, Mary Barry, says the automaker is “different from the rest of the traditional OEMs” and this is going to be their year to show it. A big part of the leader’s confidence comes from GM’s scalable Ultium EV platform and battery venture.
The Ultium platform is the heart behind GM’s EV strategy. Designed to fit compact EVs, like the Chevy Equinox, all the way to fully electric commercial vans, like the Brightdrop, and everything in between, GMs Ultium platform can power models across various price points at scale.
In addition, with battery supply becoming a “production constraint” for many, including Ford, GM is in the midst of building at least three battery cell plants in the US in collaboration with LG Energy.
The first, in Warren, Ohio, began producing battery cells this past August, while its second in Spring Hill, Tenessee, next door to where the Cadillac Lyriq is built, is expected to begin production later this year. The Lansing, Michigan, location is under construction and expected to go online in late 2024.
When all three facilities are at full capacity, GM expects to have over 130 GWh battery cell capacity.
The investments are already paying off as GM is now expecting all of its electric vehicle models under the MSRP cap to qualify for the full $7,500 EV tax credit this year.
Which GM models qualify for the EV tax credit in 2023?
According to GM’s press release Monday, the automaker expects all of its fully electric models to qualify for the tax credit if they are under the MSRP cap.
These include the following:
- Cadillac Lyriq
- Chevy Bolt EV
- Chevy Bolt EUV
- Chevy Equinox EV SUV
- Chevy Blazer EV SUV
- Chevy Silverado EV
GM says fleet customers, including those for Brighdrop and the new Chevy Silverado EV, will be eligible for the $7,500 commercial tax incentive.
As you can see, other than the Bolt EV/EUV, which has been on the market for several years, Chevy has a big lineup of electric vehicles dropping this year.
The all-electric Chevy Blazer EV will be available later this spring, while the Chevy Equinox EV and Chevy Silverado EV pickup are expected to be available this fall.
Chevy Bolt EV inventory running low
According to sources speaking to GM Authority, dealer inventory of the Chevy Bolt EV was especially low going into this month.
The latest information shows Chevy Bolt EV inventory was running at a six-day supply at the beginning of April, with under 200 (174) models at dealerships at the time.
To illustrate, GM sold 19,700 Chevy Bolt EV/EUV models in the first three months of 2023. The Chevy Bolt EV, starting at $26,500, and the Bolt EUV, starting at $27,800, are some of the most affordable EVs available today.
The short inventory is due to soaring demand for affordable EVs, as evidenced by GM’s first-quarter delivery totals.
Meanwhile, GM said it would ramp Chevy Bolt EV/EUV production to 70,000 units this year to meet demand, representing a 59% jump from last year’s 44,000 models produced.
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Believe it or not, you can lease an EV for under $200 a month. New deals on models like the 2025 Hyundai IONIQ 5 and Kia EV6 are hard to pass up this month.
Electric vehicles have been all over the news lately, with the Trump administration threatening to end federal incentives and introducing new tariffs that are expected to lead to higher prices.
On the positive side, new EV models are arriving, giving buyers more options and driving prices down. Many automakers reported record US electric car sales in the first three months of 2024.
GM remained the number two seller of EVs behind Tesla after sales doubled in Q1 2025. With the new Equinox, Blazer, and Silverado EVs rolling out, Chevy is now the fastest-growing EV brand in the US. Ford’s Mustang Mach-E is off to its best sales start since launching, with over 11,600 models sold in the first quarter.
With the 2025 models rolling out and about 15 new EVs arriving this year, many automakers are introducing steep discounts to move vehicles off the lot.
EVs for lease for under $200 a month in April
Although the decade-old Nissan LEAF remains one of the most affordable this April at just $149 per month, there are a few EVs under $200 right now that are worth taking a look at.
The new 2025 Hyundai IONIQ might be the best EV deal this month, with leases as low as $199. Hyundai is currently promoting a 24-month lease deal with $3,999 due at signing.
Hyundai upgraded the electric SUV with a bigger battery for more range (now up to 318 miles), a sleek new look inside and out, and it now comes with an NACS port so you can charge it at Tesla Superchargers.
The offer is for the IONIQ 5 SE RWD Standard Range, which has a driving range of up to 245 miles. For just $229 a month, you can snag the SE RWD model, which has a range of up to 318 miles and a more powerful (225 horsepower) electric motor. It’s also a 24-month lease with $3,999 due at signing.
To sweeten the deal, Hyundai is offering a free ChargePoint Home Flex Level 2 EV charger with the purchase or lease of any 2024 or 2025 IONIQ 5. If you already have one, you can opt for a $400 public charging credit.
After slashing lease prices this month, the 2025 Nissan Ariya is actually cheaper than the LEAF in some regions. In Southern California, the 2025 Nissan Ariya Evolve AWD is listed at just $129 per month. The AWD model has a range of up to 272 miles.
The deal is for 36 months, with $4,409 due at signing. In April, Nissan cut Ariya lease prices to around $239 in most other parts of the country.
Kia has a few EVs available to lease for under $200 a month in April. The 2025 Kia Niro EV Wind is listed at just $129 for 24 months, with $3,999 due at signing. Kia’s crossover SUV has EPA-estimated range of 253 miles.
The 2024 EV6 may be worth considering at just $179 for 24 months ($3,999 due at signing). In California, the EV6 Light Long Range RWD is only slightly more than the Niro Wind.
In most other parts of the country, you can still find the EV6 for under $200 a month. The Light Long Range RWD trim offers up to 310 miles of EPA-estimated range.
| Lease Price | Term (months) |
Amount Due at Signing | Driving Range | |
| 2025 Hyundai IONIQ 5 SE RWD Standard Range | $199 | 24 | $3,999 | 245 miles |
| 2024 Kia EV6 Light Long Rang RWD | $179 | 24 | $3,999 | 310 miles |
| 2024 Kia Niro EV Wind | $129 | 24 | $3,999 | 253 miles |
| 2025 Nissan Ariya Evolve AWD | $129 | 36 | $4,409 | 272 miles |
| 2025 Nissan LEAF S FWD | $149 | 36 | $2,629 | 149 miles |
| 2024 Fiat 500 INSPI(RED) | $199 | 24 | $2,999 | 149 miles |
And don’t forget the 2024 Fiat 500e, which is now listed at just $199 for 24 months with $2,999 due at signing. The electric hatchback offers a range of up to 149 miles.
If you are looking to spend a little more, check out our list of EVs you can lease for under $300 a month.
Ready to snag the savings while they are still here? At under $200 a month, some of these EV lease deals are hard to pass up right now. Check out our links below to find deals in your area.
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![The US’s first solar panels over canals pilot is now online [video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/04/Project-Nexus-solar-canal.jpg?resize=1200,628&quality=82&strip=all&ssl=1)
Project Nexus, the first solar panel canopies over irrigation canals in the US, is now online in California, and there are plans to expand the project to other areas.
Project Nexus is a $20 million pilot in central California’s Turlock Irrigation District launched in October 2022. The project team is exploring solar over canal design, deployment, and co-benefits using canal infrastructure and the electrical grid.
India already has solar panels over canals, but Project Nexus is the first of its kind in the US.
The Turlock Irrigation District was the first irrigation district formed in California in 1887. It provides irrigation water to 4,700 growers who farm around 150,000 acres in the San Joaquin Valley.
Project Nexus will explore whether the solar panels reduce water evaporation as a result of midday shade and wind mitigation, create improvements to water quality through reduced vegetative growth, reduce canal maintenance as a result of reduced vegetative growth, and, of course, generate renewable electricity.
The California Department of Water Resources, utility company Turlock Irrigation District, Marin County, California-based water and energy project developer Solar AquaGrid, and The University of California, Merced, are partnering on the pilot. Project Nexus originated from a 2021 research project led by UC Merced alumna and project scientist Brandi McKuin.
Solar panels were installed at two sites over both wide- and narrow-span sections of Turlock Irrigation District canals in Stanislaus County, in various orientations. The sections range from 20 feet wide to 100 feet wide. University of California, Merced has positioned research equipment at both sites to collect baseline data so the researchers can decide where solar will work and where it won’t.
In February 2023, Project Nexus announced it would also deploy long-term iron flow battery storage in the form of two ESS 75kW turnkey “Energy Warehouse” batteries.
You can learn more about Project Nexus here:
Read more: In a US first, California will pilot solar-panel canopies over canals
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