GM Backs Off Controversial EV Tax Credit Move

The Wall Street JournalWednesday, October 8, 2025 at 4:38:00 PM
GM Backs Off Controversial EV Tax Credit Move
General Motors has decided to withdraw its plan to utilize its finance arm for claiming the $7,500 federal tax credit on electric vehicle leases after September 30. This move is significant as it reflects the ongoing complexities and challenges in the electric vehicle market, particularly regarding tax incentives that can influence consumer adoption and automaker strategies.
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