The Bolt SUV will come out when GM is at a price disadvantage to most competitors due to a $7,500 federal EV tax credit. The credit is phased out after manufacturers hit 200,000 in electric vehicle sales, and GM and Tesla have both passed that level. A bill from Democrats on the House Ways and Means Committee would raise the cap to 600,000 and cut the credit to $7,000.
GM unveils Chevy Bolt SUV, part of parade of new US electric vehicles
