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Tax Incentives

Put federal tax deductions and credits to work for you

For 100 years, Chevy has helped business owners do what it takes to get the job done. Both large and small businesses may be eligible to immediately deduct up to 100% of the purchase price* of qualifying Chevy vehicles. In 2024, businesses that purchase qualifying electric vehicles may qualify for a federal income tax credit for up to $7,500.*

First year vehicle depreciation limits for 2024

Deduct up to 100% of purchase price

  • Express Cargo Van
  • Express Cutaway
  • Express Passenger Van*
  • Low Cab Forward
  • Silverado 1500*
  • Silverado 2500 HD*
  • Express Cargo Van
  • Express Cutaway
  • Express Passenger Van*
  • Low Cab Forward
  • Silverado 1500*
  • Silverado 2500 HD*
  • Silverado 3500 HD*
  • Silverado 4500 HD
  • Silverado 5500 HD
  • Silverado 6500 HD
  • Silverado HD Chassis Cabs
  • Silverado 3500 HD*
  • Silverado 4500 HD
  • Silverado 5500 HD
  • Silverado 6500 HD
  • Silverado HD Chassis Cabs

Deduct up to $30,500 plus up to 60% of the
remaining purchase price

(plus standard depreciation deduction)

  • Blazer
  • Colorado*
  • Express Passenger Van*
  • Silverado 1500*
  • Blazer
  • Colorado*
  • Express Passenger Van*
  • Silverado 1500*
  • Suburban
  • Tahoe
  • Traverse
  • Suburban
  • Tahoe
  • Traverse

Deduct up to $20,400 per vehicle

(no aggregate limitation)

  • Camaro
  • Colorado*
  • Corvette
  • Equinox
  • Camaro
  • Colorado*
  • Corvette
  • Equinox
  • Malibu
  • Trailblazer
  • Trax
  • Malibu
  • Trailblazer
  • Trax

Tax Credit up to $7,500

Federal Qualified Clean Vehicle or Qualified Commercial Clean Vehicle income tax credit*

  • Blazer EV
  • Equinox EV
  • Silverado EV