2024 Chevrolet Equinox EV Deals, Incentives & Rebates

Under the Inflation Reduction Act of 2022, the Internal Revenue Service (IRS) offers taxpayers a Clean Vehicle Tax Credit of $3,750 or $7,500 depending on model eligibility for the purchase of a new plug-in electric vehicle. Beginning January 1, 2024, Clean Vehicle Tax Credits may be initiated and approved at the point of sale at participating dealerships registered with the IRS. Dealers will be responsible for submitting Clean Vehicle Tax Credit information to the IRS. Buyers are advised to obtain a copy of an IRS "time of sale" report, confirming it was submitted successfully by the dealer. To be eligible:

• A vehicle must have undergone final assembly in North America (the United States and Puerto Rico, Canada, or Mexico).
• Critical mineral and battery component requirements determine credit amount.
• Maximum MSRP of $55,000 for cars and $80,000 for SUVs/trucks/vans.
• Income eligibility applies depending on modified adjusted gross income (AGI) and tax filing status.

To learn more, visit https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after

The California Air Resources Board (CARB) through the Driving Clean Assistance Program (DCAP) offers two pathways for applicants: the Clean Cars 4 All route or Financial Assistance route. The path outlined here is for the Financial Assistance, offering a standard down payment assistance grant of $7,500 towards the purchase or lease of an eligible battery electric vehicle. Scrapping and replacing a vehicle is not required. Check with your local Air District for any available programs that may take precedence over the DCAP programs. To qualify:

• Income eligible applicant must be a California resident.
• Application approval required prior to purchasing or leasing from an authorized participating dealership.
• Maximum purchase price of replacement vehicle not to exceed $45,000 and must be on the CARB New Vehicle Eligibility List.
• Previous participation in other CARB funded programs may affect eligibility.

Additional information:

• For the $7,500, must have an income at or below 300% of the current Federal Poverty Level as defined by the U.S. Department of Health and Human Services.
• Participants may qualify for an additional charging grant, choosing between $2,000 for the purchase and install of Level 2 home charging equipment or $2,000 for a public charging card.
• Fair financing may be available, capped at $45,000 with an interest rate no more than 8%.

To learn more, visit Driving Clean Assistance Program