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Trump Rescinds Rule Incentivizing Automakers To Produce EVs Amid EPA Rollback - General Motors (NYSE:GM)
Benzinga· 2026-02-19 08:42
Core Viewpoint - The Department of Energy has rescinded a rule that incentivized automakers to produce more electric vehicles (EVs) to comply with Fuel Economy norms [1]. Group 1: Fuel Content Factor on EVs - The rescinded provision, known as the "fuel content factor," allowed automakers to calculate fleetwide fuel economy by assigning higher efficiency figures to electric vehicles, which helped lower fleetwide fuel consumption figures [2]. - The decision to remove this provision was based on an appeals court ruling from September [2]. Group 2: EPA and CAFE Rollback - The removal of the provision may pose additional challenges for electric vehicles, which have already been impacted by the rollback of the 2009 Endangerment Finding by the EPA [3]. Group 3: Automaker Responses - Major automakers like GM and Ford have reaffirmed their commitment to electric vehicles despite the regulatory changes [4].
Here's How Texas Residents Can Still Avail $2,500 On EVs Despite Trump Ending Federal EV Credit - Tesla (NASDAQ:TSLA)
Benzinga· 2025-10-15 08:33
Core Points - Texas customers can still receive incentives worth $2,500 on electric vehicles (EVs) despite the termination of the Federal EV Credit by President Donald Trump on September 30 [1] Group 1: Incentives and Eligibility - Customers who purchased or leased vehicles on or after September 1 in Texas can apply for the incentive, provided they acquired the title during the same period [2] - Eligible vehicles include those with a gross vehicle weight rating of 10,000 pounds or less, including cars and small to medium-sized trucks, as well as vehicles operating on compressed natural gas (CNG), liquefied petroleum gas (LPG), hydrogen fuel cells, or electric drive [3] - Individuals, corporations, government agencies, and other legal entities can avail themselves of the benefits, with Texas offering up to $5,000 for CNG and LPG vehicles [3] Group 2: Eligible Vehicle Models - The list of eligible vehicles includes all Tesla models (S, X, Y, 3, and Cybertruck) and various models from General Motors and Ford, such as the F-150 Lightning, Mustang Mach-E, Chevrolet Blazer EV, and Cadillac Lyriq [4] - Rivian's R1S and R1T are also eligible, along with Stellantis models like the Dodge Charger and Jeep Grand Cherokee [5] Group 3: Automaker Responses - In response to the end of the EV credit, multiple automakers have offered extensions on EV incentives, although Ford and GM have scaled back their incentives [6] - Automakers reportedly made down payments for units to dealers through their financial arms to qualify for the EV credit [6]