Exclusive: GM backtracks on plan to claim last-minute EV tax credits

Core Points - General Motors is discontinuing a program that allowed dealers to offer a $7,500 tax credit for electric vehicles for several months after the federal tax credit expiration on September 30 [1] Summary by Category Company Actions - The decision to scrap the program indicates a shift in strategy for General Motors regarding electric vehicle incentives [1] Industry Implications - This move may impact the sales of electric vehicles as the tax credit was a significant incentive for consumers [1]