GM withdraws plan to extend EV tax credits after policy scrutiny – report

General Motors (GM) has reversed its decision to pursue a scheme that would have enabled its dealers to offer a $7,500 tax credit on leases of electric vehicles (EVs). The move after the scheduled end of the federal subsidy on 30 September, reported Reuters, citing sources. According to sources, the reversal follows concerns raised by Ohio's Republican Senator Bernie Moreno, who has a background in car dealership and is involved in automotive policy discussions. GM initially proposed a plan in which its ...