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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. Plus, businesses that acquire qualifying electric vehicles by September 30, 2025, may qualify for a federal income tax credit for up to $7,500.*

First year vehicle depreciation limits for 2025

Deduct up to 100% of purchase price 

(179 expensing)

  • BrightDrop 400
  • BrightDrop 600
  • Express Cargo Van
  • Express Cutaway
  • Express Passenger Van*
  • Low Cab Forward
  • Silverado 1500*
  • Silverado 2500 HD*
  • BrightDrop 400
  • BrightDrop 600
  • 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 100% of purchase price 

(partial 179 expensing and bonus depreciation)

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

Deduct up to $20,200 per vehicle

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

Tax Credit up to $7,500

Federal Qualified Clean Vehicle or Qualified Commercial Clean Vehicle income tax credit* — expires September 30, 2025

  • Blazer EV
  • BrightDrop 400
  • BrightDrop 600
  • Equinox EV
  • Silverado EV

*The Manufacturer's Suggested Retail Price excludes destination freight charge, tax, title, license, dealer fees and optional equipment. Click here to see all Chevrolet vehicles' destination freight charges.