GM Offers $7,500 Incentive To Make Up for Lost EV Tax Credits From New US Rules

Key TakeawaysGeneral Motors said it would offer $7,500 in incentives to buyers of electric vehicles (EVs) that lost eligibility for tax credits due to new Treasury Department rules that took effect Monday.No GM EVs other than the Chevy Bolt qualify for the $7,500 tax credit as of Monday because they contain components from countries on a list of banned sources.The automaker said it will be changing its sourcing so that its vehicles will soon qualify for buyer tax credits under the new regulations.General Mo ...