Want a Chevy Bolt or Volt? Get it before April 1st.
The Internal Revenue Service (IRS) offers a federal tax credit of $2,500 to $7,500 per new electric vehicle (EV) purchased in the United States. Right now, both the Chevrolet Volt and Chevrolet Bolt qualify for the full $7,500 federal tax credit. However, as of April 1st, the credit will be cut to $3,750 as the tax credit phases out for General Motors vehicles. If you want a Bolt or a Volt, we highly recommend you get it before April 1st to take full advantage of this incentive.