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General Motors Ends EV Incentives Days After Announcing Subsidies Following Tax Credit Deadline: Report - General Motors (NYSE:GM)
Benzingaยท 2025-10-09 06:20
General Motors Co. (NYSE:GM) has reportedly backtracked on its plans to offer incentives on electric vehicles in the U.S. beyond the Federal EV Credit deadline on September 30. Ford Motor Co. (NYSE:F) was also offering a similar incentive.Bernie Moreno Raised ConcernsGM pulled the plug on EV incentives after Sen. Bernie Moreno (R-OH) expressed concerns about the automaker using its financing arm to make a down payment on the dealers' inventory on or before September 30 to qualify the vehicle for the tax cre ...