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Home » GM provides $7,500 incentive in wake of stricter EV requirements

GM provides $7,500 incentive in wake of stricter EV requirements

New tax credit rules exclude EVs with battery components made in China

Amanda HarrisbyAmanda Harris
January 4, 2024
in Sales & Marketing
Reading Time: 4 mins read
0
General Motors Canada's Oshawa Assembly Complex in Oshawa, Ontario, Canada

© 2023 Bloomberg Finance LP, Photographer: Cole Burston/Bloomberg

General Motors is offering $7,500 toward certain electric vehicles on the heels of federal tax credit changes effective this month that removed several EV models from eligibility. Biden administration changes effective Jan. 1 lowered the number of electrified vehicles eligible for the $7,500 federal tax credit to 13 from about 24, excluding vehicles that use […]

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Tags: electric vehiclesEV batteriesEVsfinance incentivesGMPremium
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