Have a gross vehicle weight rating of less than 14,000 pounds.You may qualify for a credit up to $7,500 for buying a qualified new car or light truck. The credit is available to individuals and businesses. You can't apply any excess credit to future tax years.įind information on credits for used clean vehicles and new EVs purchased in 2023 or after.
It is nonrefundable, so you can't get back more on the credit than you owe in taxes.
2019 CHEVROLET VOLT EV PLUS
Plus $417 for each kWh of capacity over 5 kWh.$2,917 for a vehicle with a battery capacity of at least 5 kilowatt hours (kWh).
2019 CHEVROLET VOLT EV CODE
At the same time, this price was significantly higher than the standard cost for a new hybrid car battery.If you bought a new, qualified plug-in electric vehicle (EV) in 2022 or before, you may be eligible for a clean vehicle tax credit up to $7,500 under Internal Revenue Code Section 30D. In sum, yes, the hybrid battery replacement estimate for the 2012 Chevy Volt was real. "We all know how high classic car parts can be on the third-party market." "Being an 'antique,' the Volt battery can fetch a high price tag," reported the Back the Truck Up blog.
This story will be updated if we receive a response. We also asked several questions about the product. We reached out to SPS to independently confirm that they were the quoted supplier. The Back the Truck Up blog published that the third-party supplier associated with the estimate was Spear Power Systems (SPS), "a maker of specialty lithium battery packs." It's unclear if this specific part differed significantly from another listing for a Volt hybrid battery that Reddit users found for around $6,900. This battery is also out of warranty of 8yr/100k miles whatever hits first. Remember when the first big screen came out, they were very expensive, and as the technology advanced the prices became better. In the newer EV or EUV vehicles with newer technology the batteries do cost less. The dealership does not set battery prices. This is an estimate for a 12 year old vehicle out of warranty and for a battery that is extremely hard to get, due to the older technology of the 12 year old vehicle. 29, a page manager for the Roger Dean Chevrolet Facebook page commented about the estimate and said that the dealership did not set the price of the battery: It typically costs far less.īy phone, a spokesperson for Roger Dean Chevrolet told us that the replacement hybrid battery that was quoted in the estimate was not manufactured by GM and was provided for the discontinued Volt by a third-party supplier. The other battery in hybrid vehicles is a more standard one that powers the vehicle's electronics. Before labor and other costs, the hybrid battery was listed in the estimate as costing $26,853.99.Ĭurrently, most hybrid batteries cost around $2,000 to $8,000 and can last up to 15 years or between 100,000 and 150,000 miles. The part that was quoted for replacement was the more expensive one: the hybrid battery. The Volt and other hybrid vehicles function with two batteries. General Motors (GM) discontinued the line of Volt vehicles in 2019. This meant that the car was more than a decade old. The Back the Truck Up blog reported that it was the first website to confirm the authenticity of the estimate, publishing that it was priced for a 2012 Chevy Volt. The Twitter discussion about this estimate was no different, as we noticed in the replies and other engagements associated with the tweet. As we've reported many times before, online discussions about electric vehicles (EVs) often end up becoming political debates.
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