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Cadillac Lyriq resumes $7,500 federal tax credit

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2 years ago

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Cadillac Lyriq

General Motors (GM) announced the Cadillac Lyriq has regained the $7,500 U.S. Federal Tax Credit with new changes made to the supply and manufacturing.

The vehicle was removed when the new list of eligible vehicles was published earlier this year. The Chevy Blazer EV.

Cadillac Lyriq $7,500 federal tax

(Credit: Cadillac)

GM said in December that the Cadillac Lyriq and Chevrolet Blazer EV would temporarily lose eligibility for tax credit. At that time, the automaker mentioned that these vehicles would regain eligibility after a few changes.

The company may require Chevrolet Equinox EV, Silverado EV, GMC Sierra EV, and Cadillac OPTIQ to aim for a new supply chain to regain credit access for full incentives.

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